4 ms·

It's a short squeeze, not just a bubble? I bought a single share near $400 for the memes, so I wouldn't say "nobody". Some retail investors will likely lose,

It's a short squeeze, not just a bubble? I bought a single share near $400 for the memes, so I wouldn't say "nobody". Some retail investors will likely lose, sure, but the biggest losers will be the shorts, and retail/longs will win as a whole. That's why people are mad, with Robinhood's manipulation they are setting it up so only the shorts win and almost no remaining retail.

Cd00d 6y ago
I'm sorry I still don't understand and I hope you will clarify. You bought at $400 and expect that to be a good investment? How will the longs that bought above arbitrary number $20 benefit in the long term?
- Miner49er 6y ago
  No, at this point it's not about a good investment. It's a "fuck you" to Wall Street. They exploit the working class, get rich, fuck up our economy, and then steal even more from us to save their own asses. People are tired of it. Gamestop is a form of protest. Robinhood did the worst thing they could by messing with it. They sided with Wall Street against the little guy. It shows how rigged the system is. Apparently the little guy can't exploit a bad trade by the rich, it can only go the other way around. So now Robinhood is on the other side of this, and I hope they go under from it.
  - zwieback 6y ago
    I have sympathy for the anger against Wall Street but correct me if I'm wrong: the short seller hedge funds are already out and now it's a bunch of little guys left holding the shares until the bubble bursts?
    - Miner49er 6y ago
      Nah, there's still ~250% of the float shorted, apparently. The shorts have doubled down. The (maybe a bit of a conspiracy) theory is they shorted more knowing that Robinhood and other brokers would limit buying today.
  - Cd00d 6y ago
    I see. Thank you for the follow-up. Honestly I think your money would go further contributing to a politician that would try to advance reform, but I acknowledge that's not a universal strategy.

Cd00d 6y ago

I'm sorry I still don't understand and I hope you will clarify. You bought at $400 and expect that to be a good investment? How will the longs that bought above arbitrary number $20 benefit in the long term?

Miner49er 6y ago
No, at this point it's not about a good investment. It's a "fuck you" to Wall Street. They exploit the working class, get rich, fuck up our economy, and then steal even more from us to save their own asses. People are tired of it. Gamestop is a form of protest. Robinhood did the worst thing they could by messing with it. They sided with Wall Street against the little guy. It shows how rigged the system is. Apparently the little guy can't exploit a bad trade by the rich, it can only go the other way around. So now Robinhood is on the other side of this, and I hope they go under from it.
- zwieback 6y ago
  I have sympathy for the anger against Wall Street but correct me if I'm wrong: the short seller hedge funds are already out and now it's a bunch of little guys left holding the shares until the bubble bursts?
  - Miner49er 6y ago
    Nah, there's still ~250% of the float shorted, apparently. The shorts have doubled down. The (maybe a bit of a conspiracy) theory is they shorted more knowing that Robinhood and other brokers would limit buying today.
- Cd00d 6y ago
  I see. Thank you for the follow-up. Honestly I think your money would go further contributing to a politician that would try to advance reform, but I acknowledge that's not a universal strategy.