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The article is behind a paywall.

by denismenace 4y ago

deleted 4y ago
[deleted]
bookofjoe 4y ago
Here you go: https://archive.ph/yGXvO https://archive.ph/yGXvO
Melting_Harps 4y ago
> The article is behind a paywall. Spare yourself the time, it's the typical 'rich kid uses rich family/friends money' story that's not exclusive to stocks or Startup World; instead what's worth noting is that their is still enough excess capital in the Market (retail) to be thrown at meme stocks without the stimulus' that were supposed to be the cause for people not 'wanting to work' anymore. I never believed that narrative, but this further proves that low wages coupled with low employee participation and large pools of under utilized capital will continue to seek yield in the most obscene ways to years to come with lots of forth in the Markets--just so it's clear, this is less 'capitalism is broken' and more we are experiencing the harsh realities and backlash of massive QE since 2008. These things have always had a boiling point, and this kid seems to have gotten the nod to sell and take profits and hired a media publicist to self-aggrandize himself and maybe mark a sell-off, but just like GME they are doubling down trying to take down the 'hedgies' again. These always were rigged markets, hence members of congress being able to invest on insider information, but what comes of this is always the real interesting aspect. What I always wondered was how exactly does paying large short terms capital gains tax, assuming it's not at a loss, and paying fees to these trading platforms translate into taking down the system? It was hard to watch during GME, but now it's descended into full-on debauchery you'd expect from a low-budget Wolf of Wallstreet now (Melon Kunis) reboot. I guess that's to be expected of a place that worships 'Pharma Bro' but overall it just goes to show that greed, just like stupidity, are ultimately scary in large numbers.
- Melting_Harps 4y ago
  As predicted, the exit liquidity was reached and the dump was executed [0]. When will these guys learn? 0: https://www.reddit.com/r/wallstreetbets/comments/wrtqyw/ryan_cohen_sells_entire_bbby_stake_on_16th_and/ https://www.reddit.com/r/wallstreetbets/comments/wrtqyw/ryan...

The article is behind a paywall.

deleted 4y ago

[deleted]

bookofjoe 4y ago

Here you go: https://archive.ph/yGXvO https://archive.ph/yGXvO

Melting_Harps 4y ago

> The article is behind a paywall. Spare yourself the time, it's the typical 'rich kid uses rich family/friends money' story that's not exclusive to stocks or Startup World; instead what's worth noting is that their is still enough excess capital in the Market (retail) to be thrown at meme stocks without the stimulus' that were supposed to be the cause for people not 'wanting to work' anymore. I never believed that narrative, but this further proves that low wages coupled with low employee participation and large pools of under utilized capital will continue to seek yield in the most obscene ways to years to come with lots of forth in the Markets--just so it's clear, this is less 'capitalism is broken' and more we are experiencing the harsh realities and backlash of massive QE since 2008. These things have always had a boiling point, and this kid seems to have gotten the nod to sell and take profits and hired a media publicist to self-aggrandize himself and maybe mark a sell-off, but just like GME they are doubling down trying to take down the 'hedgies' again. These always were rigged markets, hence members of congress being able to invest on insider information, but what comes of this is always the real interesting aspect. What I always wondered was how exactly does paying large short terms capital gains tax, assuming it's not at a loss, and paying fees to these trading platforms translate into taking down the system? It was hard to watch during GME, but now it's descended into full-on debauchery you'd expect from a low-budget Wolf of Wallstreet now (Melon Kunis) reboot. I guess that's to be expected of a place that worships 'Pharma Bro' but overall it just goes to show that greed, just like stupidity, are ultimately scary in large numbers.

Melting_Harps 4y ago
As predicted, the exit liquidity was reached and the dump was executed [0]. When will these guys learn? 0: https://www.reddit.com/r/wallstreetbets/comments/wrtqyw/ryan_cohen_sells_entire_bbby_stake_on_16th_and/ https://www.reddit.com/r/wallstreetbets/comments/wrtqyw/ryan...