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GME
- Thread starter bronzeharbor
- Start date
It's totally fueled by spite, but locked in because the hedge funds FUUUCKED themselves. Ignore the noise with the other stocks that are shorted for <100% - those are nooses that the hedge funds can wiggle their way out of. $GME on the other hand is a complete fuck, as long as wall street doesn't get to continue playing the games they played today.
Interactive Brokers CEO admitted as much in an interview today - 15B in wealth transfer on $GME, and he was actually worried about "counterparty risk" - i.e. protecting the dumb fuck hedge funds that got themmselves into the mess. looking at the chart on $GME for today, the steady decline of the stock due to sell-only flagging for those handful of equities - and the short covering only started once the trading price had dropped to the low $100 from almost $500 a few hours earlier. just.. disgusting.
I'd say it is all about making money. Everyone of these dudes in it are there to make money.
The hedge funds became gamblers. They took a position.
That is why bookies want even money. They want to make the vig. As soon as they take a position they are a gamblers.
Thing is hedge funds never had to deal with this many people gaming them at once.
The hedge funds became gamblers. They took a position.
That is why bookies want even money. They want to make the vig. As soon as they take a position they are a gamblers.
Thing is hedge funds never had to deal with this many people gaming them at once.
There is absolutely no good reason to be pumping/ investing in Dogecoin.
It can't be on principle, and definitely not about "sticking it to the man"
It can't be on fundamental value, because it has none, and there are no blockchain projects underway like those associated with some of the other altcoins.
Dogecoin is the quintessential pump and dump case.
It can't be on principle, and definitely not about "sticking it to the man"
It can't be on fundamental value, because it has none, and there are no blockchain projects underway like those associated with some of the other altcoins.
Dogecoin is the quintessential pump and dump case.
