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So you're telling me that by buying GameStop stock, I can help screw over hedge fund managers? I have not bought a single stock in my whole life, but I'm in. Ho
by bjourne 6y ago
So you're telling me that by buying GameStop stock, I can help screw over hedge fund managers? I have not bought a single stock in my whole life, but I'm in. How do I start?
- Macha 6y agoYou're probably late to the party here. Reddit is holding for $1000, but there comes a point where the funds would be so unable to fulfil their shorts that any ones left holding it will declare bankruptcy rather than pay, and you lose yours too. Even if you're willing to risk throwing away some money to "stick it to the man", it will take a while - It may be easier in the US, but I signed up to Degiro to get some shares a couple of months ago and it was a fairly lengthy process even for Europe's closest equivalent to Robinhood. Day long stops in the process for e.g. putting in a verification transaction, or for degiro to do their kyc diligence etc, and the consensus is that the finale to this gamestop thing is friday, one way or the other.
- antoniuschan99 6y agoI was reading last night a few posts saying they have to cover their shorts by Friday or Monday. So will be interesting to see the fallout.
- dagw 6y agoI can help screw over hedge fund managers? As long as you are cool with your actions making a bunch of different hedge fund mangers richer at the same time.
- missedthecue 6y agoNo but you can gift your money to them by doing it. Be my guest.