Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (user search)
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  Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (search mode)
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Poll
Question: Did you buy gamestop stock recently?
#1
Yes
 
#2
No
 
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Partisan results

Total Voters: 66

Author Topic: Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets  (Read 10759 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: January 27, 2021, 10:50:50 AM »

I almost wish GameStop wasn't doing well though. It is a notoriously Bad Company to work for, and would love to see it fall prey to smaller chains.

It won't. It's falling prey to online distribution.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #1 on: January 27, 2021, 12:56:39 PM »


Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

You spend too much time on Reddit.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #2 on: January 28, 2021, 08:18:41 AM »

I've accidentally made money in this foolishness. I own some shares of AMCX (the cable network company) that has apparently been confused by some for AMC (the movie theater company).
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #3 on: January 31, 2021, 02:22:45 AM »

So what is GameStop going to do with all this extra new capital?

What extra capital?  They didn't issue any new shares.  Conceivably they could do a stock offering to take advantage of their stock being overvalued, but by the time they could likely do that, the stock price will likely have returned to normal.
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True Federalist (진정한 연방 주의자)
Ernest
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Posts: 42,144
United States


« Reply #4 on: February 03, 2021, 03:34:20 AM »

To be fair, the current gold:silver ratio indicates that likely either gold is overvalued or that silver is undervalued. However, given the run up in commodity prices in general, I'd think it's likelier the former than the latter.
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