Exactly this. I knew nothing about this until literally yesterday. The people buying this stock now are driving up the price intentionally and primarily to stick to the hedge fund managers that like the evil brothers in Trading Places, consider the damage they do to the "little people" as incidental. They're on a mission.
This will be SO fucking awesome if wall street becomes scared of and the whole idea of "shorting" or betting against companys succeding goes away.... where people and institutions bet on success vs failure.
This will take a LOT of tools out of the hands of sorry pedo fucks like soros.
When you short a stock you "borrow" shares, then immediately sell them, on the condition you will buy back the shares at the agreed date. It's not as nefarious as you think.. and it certainly did not "nearly destroy Tesla". It's just betting against a stock price basically.
I understand what borrowing a stock is. However these criminal fucks manipulate markets in order to hedge their bets, and profit everytime.
In other words borrowing stock is supposed to be a gamble, but the way its used by these loathsome dirt bags is anything but gambling.
That is what makes this so sweet, after so many businesses, pension funds, and 401ks for a quick buck using this tactic, these firms are getting fucked. There will be investor fags from here on out watching to see shit heads when they try to short another stock, and the process will repeat.
Wall Street was a "heads i win, tails you lose" operation where profits where kept and loses were socialized.
In terms of investing, it's really hard to actually make up for losses. As you make money as a percent of the total money invested. If your pool of cash dries up, it's really hard to get back in.
It's not though. It's costing them billions. And it's not just game stop, investor-fags are attacking every one of wall streets short sell targets.
More importantly it is showing America a giant glaring hole used to destroy businesses. Shit, these fuckers almost destroyed tesla doing this.
Exactly this. I knew nothing about this until literally yesterday. The people buying this stock now are driving up the price intentionally and primarily to stick to the hedge fund managers that like the evil brothers in Trading Places, consider the damage they do to the "little people" as incidental. They're on a mission.
This will be SO fucking awesome if wall street becomes scared of and the whole idea of "shorting" or betting against companys succeding goes away.... where people and institutions bet on success vs failure.
This will take a LOT of tools out of the hands of sorry pedo fucks like soros.
When you short a stock you "borrow" shares, then immediately sell them, on the condition you will buy back the shares at the agreed date. It's not as nefarious as you think.. and it certainly did not "nearly destroy Tesla". It's just betting against a stock price basically.
I understand what borrowing a stock is. However these criminal fucks manipulate markets in order to hedge their bets, and profit everytime.
In other words borrowing stock is supposed to be a gamble, but the way its used by these loathsome dirt bags is anything but gambling.
That is what makes this so sweet, after so many businesses, pension funds, and 401ks for a quick buck using this tactic, these firms are getting fucked. There will be investor fags from here on out watching to see shit heads when they try to short another stock, and the process will repeat.
Hell it's starting with AMC to right now.
These criminal fucks have after hour access you and I dont. They trade whenever. We trade between the bells.
Wall Street was a "heads i win, tails you lose" operation where profits where kept and loses were socialized.
In terms of investing, it's really hard to actually make up for losses. As you make money as a percent of the total money invested. If your pool of cash dries up, it's really hard to get back in.
The Big Short in a succinct summary!! :)