SMF - Just Installed!
Quote from: sasquatch post_id=399966 time=1611961653 user_id=3246
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
Quote from: sasquatch post_id=399966 time=1611961653 user_id=3246
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
Quote from: sasquatch post_id=399966 time=1611961653 user_id=3246
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
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