Merely suggested. Some allusions to watch the water and Maxine Waters at the first GameStop hearing about Robinhood not allowing people to buy GME in late January.
The unraveling of Wall Street and lack of accountability is at hand and it’s not because of the SEC. Basically, too many people own GME and some hedge funds over leveraged themselves by borrowing shares, selling those shares, and hoping that they could buy them cheaper to return or that the company would go bankrupt and that they would never have to buy back the shares they borrowed then sold.
Supposedly it’s happened to a few companies, but since GameStop has been somewhat of a joke retailer with pitiful offers for used games in an environment that is going increasingly digital, it wasn’t far fetched for the company to go under, but some individual investors doing their due diligence saw a turnaround for the company and began investing when it was $2 a share. It’s been hovering around $150 for 2 weeks. Management has been updated with a vision to improve. Some people suspect that previous management was tanking on purpose for some kickbacks.
Is it related to Q? Nothing definitive.
Will it transfer wealth from greedy, manipulative, corrupt assholes to normal people who want to pay off a house and maybe upgrade their car? Yeah. And it should also lead to more oversight/transparency of the market so that bad actors can’t artificially pick winners and losers.
If it’s not related or part of the plan, I don’t see how it hurts Q.
Merely suggested. Some allusions to watch the water and Maxine Waters at the first GameStop hearing about Robinhood not allowing people to buy GME in late January.
The unraveling of Wall Street and lack of accountability is at hand and it’s not because of the SEC. Basically, too many people own GME and some hedge funds over leveraged themselves by borrowing shares, selling those shares, and hoping that they could buy them cheaper to return or that the company would go bankrupt and that they would never have to buy back the shares they borrowed then sold.
Supposedly it’s happened to a few companies, but since GameStop has been somewhat of a joke retailer with pitiful offers for used games in an environment that is going increasingly digital, it wasn’t far fetched for the company to go under, but some individual investors doing their due diligence saw a turnaround for the company and began investing when it was $2 a share. It’s been hovering around $150 for 2 weeks. Management has been updated with a vision to improve. Some people suspect that previous management was tanking on purpose for some kickbacks.
Is it related to Q? Nothing definitive. Will it transfer wealth from greedy, manipulative, corrupt assholes to normal people who want to pay off a house and maybe upgrade their car? Yeah. And it should also lead to more oversight/transparency of the market so that bad actors can’t artificially pick winners and losers.
If it’s not related or part of the plan, I don’t see how it hurts Q.