/biz/ - Business & Finance

Check the 2019 charts. Don't be a retard that thinks he has to rush now to buy the bottom.

Chances are you're catching a falling knife. Stay patient

You guys aren’t going to make money off of GME.

You inflated the price of a tanking stock, and it will crash even harder than before once you try to extract the value to use it (sell).

You screwed over a few investors, sort of; as in you screwed over the pension funds that had invested in those hedges. So some working class joes just lost a significant portion of their retirement, which is probably a good thing... no, it’s not.

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When someone “shorts” the market, like the hedgefund did, they are buying a “stock option”, which is a form of insurance sold by insurance firms. In a short, if the stock goes down, then the insurance company pays out to the owner of the short; and if the stock goes up, then the owner of the short pays the insurance company.

GameStop makes no money in this.
Investors in GameStop make no money in this.
A few people who were holding GameStop are now able to sell at a good price, so you saved those investors some money; but if you’re buying right now then you’re buying high, and you will lose your money.

The insurance company is the only one making bank on this. No one else really. Even the previous investors who are using this as a moment to sell aren’t likely making much on their investment.

The market is closed for MLK day. And yet society had moved beyond MLK. He wanted people to be judged by the content of their character. But our progressive betters want us to judge eachother by their race, gender, and sexual orientation as well as award positions, honors, and wealth based on them.

So why do we still celebrate the man when his message is dead? Only because he was black.

America in 2020.

>>16864585
There is none..because that would be gay