Thu. Apr 22nd, 2021

Zach from yougeek.net here and here’s the Latest ON THIS WAR ON WALL STREET WITH THE FIGHT OVER GAMESTOP, > >, THE FINANCIAL WORLD IS IN A FRENZY, > > LOOK AT  GAMEStop > > GAMESTOP IS SOMETHING. We MUST TALK ABOUT > >, SHARES OF STRUGGLING VIDEO GAME RETAILER GAME, STOP WHICH IS CLOSE MORE THAN 800 LOCATIONS. In THE LAST TWO YEARS, DEFYING GRAVITY UP 1,700 % THIS YEAR GAME STOP MORE THAN DOUBLING. Yet AGAIN. Yesterday, THANKS TO A GROWING GROUP OF YOUNG MOSTLY-MALE AMATEUR DAY, TRADERS TAKING ON SOME OF WALL STREET’S MOST POWERFUL HEDGE FUNDS, > >, OUR TEAM IS, OF COURSE OUR ECONOMIC TEAM IS INCLUDIN SECRETARY, YELLIN AND ORE MONITORING THE SITUATION. > > THE YOUNG SPECULATORS, INSPIRED BY A COMMUNITY ON REDDIT CALLED WALLSTREETBETS, FOLLOWED BY OVER 4 MILLION READERS POSTS TO WALL STREET BETS RECENTLY EXPOSED A SERIOUS EXPLOITABLE VULNERABILITY IN GAME. Stop STOCK A NUMBER OF INFLUENTIAL WALL. Street INVESTORS WERE HEAVILY SHORTING IT, WHICH MEANT THEY WERE BETTING. The STOCK WOULD RASH, > >, YOU BORROW SHARES OF THE STOCK AND YOU SELL IT, AND IF THE PRICE GOES DOWN, THEN YOU CAN BUY IT BACK AT THAT LOWER PRICE AND POCKET THAT DIFFERENCE. But IF YOU’RE WRONG AND THE SHARES GO UP, THEN YOU’RG TO HAVE TO BUY BACK THE STOCK AT THAT HIGHER PRICE AND THAT DIFFERENCELOSS FOR YOU, THAT’S PAINFUL, > >, AS IT TURNS OUT THE WALL, STREET TITANS WERE WRONG.

Jp HURTADO AND OTHERS STARTED BUYING SENDING GAMESTOP SOARING > >. When PEOPLE SEE SOMETHING GOING UP, THEY’RE GOING TO HAVE A FEAR OF MISSING OUT MORE AND MORE PEOPLE KEEP HOPPING IN THE PRICE KEEPS GOING UP. > > JP A STUDENT AT THE UNIVERSITY OF ILLINOIS AT CHICAGO WHO NEVER TRADED A SINGLE STOCK UNTIL A YEAR AGO, BOUGHT ABOUT 8,000 DOLLARS OF GAMESTOP USING THE APP ROBINHOOD AND SAYS BY THE CLOSE OF WEDNESDAY. It WAS WORTH 82,000 DOLLARS WITH AMATEURS LIKE HIM, PROFITING HEDGE FUND T HAVE LOST AN ESTIMATED $ 5 BILLION > >. This IS UNCHARTED TERRITORY AND IT’S A VERY INTERESTING QUESTION AS TO WHAT HAPPENS NEXT. Certainly, THERE’S NO MECHANIS TO MAKE IT STOP IMMEDIATELY.

And IT APPEARS THE BUBBLE HAS BURST IN THIS DANGEROUS GAME OF CHICKEN AMC AND OTHER VOLATILE STOCKS PLUMMETED. After ROBINHOOD AND T.D AMERITRADE ANNOUNCED THEY WERE BLOCKING INVESTORS FROM BUYING ARES. That BEING SAID, THEY ARE ALL STILL OVER-PERFORMING…

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