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Gamestop stock situation - anyone else in on this?

KSpan

By KSpan,
in Huddle Lounge

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Brooklyn 3.0 Grand Master

Brooklyn 3.0

Posted
Posted (edited)

Can we finally put this story to bed? The Reddit trolls didn't win, some made money just like the very people they "hate", hedge funders are still hedge funders, and now more people are going to try day trading apps that will only help RH make more money for themselves. America!!!

Edited by Brooklyn 3.0
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Harbingers Grand Master

Harbingers

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Posted
23 hours ago, CRA said:

there is an article in the WSJ about a hedge fund that made nearly a billion dollars (700 million) on the Gamestop event. 

Oh you know every smart investment firm dumped some liquidity into it on Tuesday/Wednesday and sold on Thursday at or around the peak. Easy little bump for them and probably why it got so high in the first place.

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KSpan Grand Master

KSpan

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1 hour ago, Harbingers said:

Oh you know every smart investment firm dumped some liquidity into it on Tuesday/Wednesday and sold on Thursday at or around the peak. Easy little bump for them and probably why it got so high in the first place.

Absolutely. It's ignorant at best/disingenuous at worst the way many are portraying things as if Reddit/"Millenials" are solely responsible for the volatility in a few of these stocks and especially how things like the silver nonsense are being attributed. 

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