So I’ve heard a lot about this the past few days and don’t see a general chat thread for it, but I still cannot wrap my head around it myself so thought I’d create one
What is it, what’s the recent action with Robinhood about, and what’s your opinion?
Made a bit of money on this so i’m going to be biased.
It’s just amateur investors making money out of hedgefunds, the exact thing that any large investment firm does.
That and the occupy wall street spirit to things.
For an explanation even I can understand, read this;
Probably the most accurate account of it from a large media website.
Alot of sites are going to have financial interests in these hedge funds not loosing insane amounts of money.
It’s the adrenaline of the discord calls while looking at freetrade that I enjoyed while making some money on the side. I never put in more than I was prepared to loose.
Guessing the stock market became my new lockdown hobby.
From what I can understand the community from the Reddit decided to all put into Gamestop which obviously bumped the value because of demand but when it was deemed to be “getting out of control” Robinhood blocked it?
Gonna give this a read now, thanks @Anarchist
It’s basically what happened, I found out from 4chans /biz/ board which has become a lot busier since /r/wallstreetbets was made private to stop journalists from snooping around trying to get it banned.
Yes I recommend you read the article.
I thought this was a good article about it. Well, clear enough that I understood it.
Why is it?
I Will give this one a read as well, I appreciate it!!
Such a bizarre event. I barely understand half of it but have read a few articles explaining things in crayons.
What I don’t get…
… reports say that “Investors” have bought shorts(? Right term?) to 140% of the available shares… how does that work?
… the going rhetoric for the WallStreetBets lot is “keep holding” and “buy more” to squeeze the price. At some point it peaks right, but surely a good number of those will lose out big time right? I keep seeing reference to the fact that the shorts have to be bought at the new prices at some point - but surely a good number of folks will lose big time (as in, the people buying now to squeeze the price)
… and what does this actually mean in practice for GameStop?
I think that’s one of the things that the WSB lot are laughing about - it shouldn’t be possible to short more than 100%, so the hedge funds have mucked up somewhere here.
That’s how I see it too, there’s no real endgame past messing with the shifters, and many many people who’ve bought in while the stock was high will miss the peak and lose bigly.
Probably little other than they get to ride the tiger for a while. Possibly some insides are delighted they can take large profits on their own stocks without needing to sell too many. But in terms of the day-to-day running and future business challenges? I can’t see any effect.
Amen. I just wish I had bought some GME a month ago!
Haha don’t we all!
I bought £100 the other day, just for fun and support 
this was a fascinating story! thanks for posting 
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