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posted 3 years ago by dovfer 3 years ago by dovfer +220 / -0

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▲ 8 ▼

– deleted 8 points 3 years ago +8 / -0

▲ 32 ▼

– theDyingOfTheLight 32 points 3 years ago +32 / -0

A hedgefund had a bunch of shorts on game stop.

Reddit wallstreetbets got together and all decided to buy the stock.

There are 50m stocks still shorted.

If everyone on wallstreetbets holds then they can never buy a stock to sell it to cover their short.

GME hits 5k just as a LOL to fuck over a hedge fund.

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▲ 3 ▼

– merf 3 points 3 years ago +3 / -0

If GME begins to issue additional shares for sale, wouldn't this little game end rather quickly?

It would be the appropriate corporate action, non?

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▲ 10 ▼

– Stekky75 10 points 3 years ago +10 / -0

Fucking over your stockholders is the appropriate action?

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▲ 5 ▼

– Awokcanuck 5 points 3 years ago +5 / -0

Fucking over the shorts is fine by most honest investors.

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▲ -2 ▼

– merf -2 points 3 years ago +1 / -3

Well, bond holders and debt holders and wage earners are higher on the ladder, so yes you do fuck over the stock holders first.

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... continue reading thread?

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