Well, as long as those people didn't short and just bought stock they can only lose at most 100%. Only big hot shot hedge fund managers know how to lose 10,000% of their initial investment.
Whether or not they are ‘regular investors’, whatever that means, they are in large part people without tons of money.
I will shed exactly zero tears for shitty hedge funds blowing up. I’m also happy for those regular people who will end up cashing out and truly making a lot of money. Good for them! There are going to be a lot of people just like them who lose it all though, and we should be aware of that.
i personally think that shorting period should be illegal, period. the purpose of the stock market (is? was?) to invest in companies for growth, not to generate profit off their doom.
I sincerely doubt the average person buying GME stock is doing it with the intention of losing money.
Probably not. This was just a trending message I noticed on WSB.
Also, GME surged to $490 in pre-market trading :0
Soooo I just gave my self a tutorial on things WSB.I've been following this in /WSB since it started. Man what an adventure. I wish I had money to gamble at the start like they did.
I'm so happy they are doing this and taking matters into their own hands.
reading WSB2 and WSBNEW now is full on entertainment. These guys re going scorched Earth on these shorters and I don't think they are going to cave.
Soooo I just gave my self a tutorial on things WSB.
Holy smokes! All in the name of sticking it to the man? Fuck shorters for sure.. but man, is this really something with viral interwebs origins? Really?
And the hedge funds will likely short at the top again and remake much of their loses. But as soon as the real selling starts, it is going to rapidly collapse and anyone that has bought in the last week will be caught holding the bag.The regular people who have been buying shares of GameStop for the last week or so.
I mean how do you think this all ends? Eventually there’s going to be a large movement to get out of the stock because everyone agrees it has little value. When that movement happens the price is going to crater and everyone is going to try to sell, but who would they be selling to and who is going to buy? Nobody.
So yes, people who cash out now will make a lot of money, and good for them! There will be a lot of regular people who do not do this though, and they are going to lose a lot of money.
A company doesn't fail just because their stock price goes down.As others have mentioned, I really don't agree with being able to short companies...it seems odd that they are allowed to bet on the failure of a company. And what happens is that once a large hedge fund shorts some stock that company is screwed and may in fact fail (or price collapses), whereas they wouldn't have if they had not been shorted. The mere act of shorting causes others to start selling, fulfilling the short. Again, it seems odd that this is allowed.
Whether or not they are ‘regular investors’, whatever that means, they are in large part people without tons of money.
I will shed exactly zero tears for shitty hedge funds blowing up. I’m also happy for those regular people who will end up cashing out and truly making a lot of money. Good for them! There are going to be a lot of people just like them who lose it all though, and we should be aware of that.
The good news is that since sympathy is free you can do both!
Regardless, I bet you a bunch of them are the same people. Sometimes the person putting $10k on the roulette table is a high roller with money to burn. Other times the person putting $10k on red is a desperate person who sees no way out.
They got used to being the winners. Fucking owner class stopped the trade and now SEC is looking at WSB. Where were they all these years of hedge funds breaking laws?
the general news reporting on this is pretty bad, too. It has so far been "Ponzi scheme" from WSB (CNET), or NPR this morning just looks at the organized internet community being able to manipulate the market like this, "on a whim," --perhaps we need to regulate this!
I would hope that these reporters start doing more digging into the purpose of this, the specificity of the target, and wonder why an un-incorporated online community is somehow breaking the law while a handful of thieving hedge fund bastards have been doing this shit for decades and it is somehow "tolerable."
If anything, we need to take a hard look at what allows these organized funds direct access to incredibly damaging tools, that are generally only ever exploited to harm "regular people," that likewise denies access to large groups of plebs that simply combine their shared wealth and their strategy to essentially do the same thing, but against that small handful of thieving bastards. Why is an organized hedge fund "People too, my friend!" ...but the actual people aren't? It is no kind of justice.
It exposes that there is no magic anointing of these stockbrokers going on that gives them any real status as "Should be allowed to use these tools, above other people." The fact that these kinds of checks have been removed over the last couple of decades from this kind of thievery is what needs to be addressed.
I get the feeling that all of the sourcing on the reporting for this story is only coming from journalists' Wallstreet contacts--you know, because they are "in the street, they know what's up,"--which is understandable, but it also biases the crap out of the story.
They are being hurt for the first time, and of course they are going to cry that "the retirement funds of regular people!" are under assault. "Oh noes! Your 401k!" when that couldn't be further from the truth. It's rather disgusting.
I didn’t bring up regular investors, but I did bring up regular people, which I already defined as people without a lot of money.well, didn't you bring up "regular investors" in this discussion? perhaps you can tell us what you mean by that?
I think lots of people are downloading robin hood and exactly throwing money blindly into the wind. Right now it’s the #1 finance app on iTunes.Right, it's that thinking that gave us Trump. That's pretty much why a lot of people voted for fascism. Yeah, they voted against themselves, and lost, and some people will gamble here and lose, too.
My sympathy quotient over the last several years has basically run dry. At least with one person gambling their money on this bet and losing, it really only effects them and their family.
I do find it hard, though, to imagine a scenario of someone seeing what was going on with GME last two weeks, out of the blue, and just going all-in thinking this was somehow normal, without at least cursory attempts to investigate the activity. Just tossing money blindly into the wind like that...I mean, who the hell gave them access to a brokerage account, anyway? Plenty of stories like that every single day, for decades. Not sure why this deserves specific sympathy.
Can someone please come and put me out of my misery? Pretty please?
This is just insane.
this is what happens when you let bastards short more than available stock. And pissed off a bunch of vengeful YOLO day trader. It just snowballs from there.
AND the SEC lets those bastards short more than available stock. That's the real problem. So instead of going after the assholes, the SEC is now clamping down on the YOLO daytraders because HOW DARE THEY try to take millions away from the billionaires.
Yes, it is funny how when regular people do the shit large funds have done forever all of a sudden people are shocked and outraged.AND the SEC lets those bastards short more than available stock. That's the real problem. So instead of going after the assholes, the SEC is now clamping down on the YOLO daytraders because HOW DARE THEY try to take millions away from the billionaires.