M Kfivethousand
2021-08-21 02:49:08 UTC
https://apple.news/A_qStsMpxSiaA8WumsM0kTw
This article does a good job
Basically think of this as hedge funds against single investors
Hedge funds shorted stocks of a lot of companies, sometimes to the tune of putin type 140 percent of actual stocks that exist
There is no requirement for them to disclose they hold excessive shorts
The contract is to borrow the stock,, not actually purchase so if it is called, they have to give it up at the market price
The wallstreet bets crowd contains people who are real investors, people who are nostalgic for companies they patronized when they were kids, kids whose parents lost their homes in 2008 due to mortgage bubble
And kids who want to pay off student loans
They look for companies that are undervalued
Gamestop is an example
They were expected to go bankrupt because they were selling games on
disks
They were expected to go the way of video stores
So a guy bought it and they developed a new game console and the nostalgic kids started buying stock
It became a meme stock on wallstreetbets
These guys have a lot of weird slang,one of which is they call themselves autists and retards because people say they are not doing proper analysis
But they are
Because it became a meme, people started buying like crazy which drove up the stock which meant the people holding short contracts had to fork over stock or cash or both to cover the new price
One company, melvin capital almost went bankrupt
GAMESTOP CLOSED AT 159.30
much improved from a year ago and stable
mk5000
The most valuable investment we can make is in our children's education. When we make education a priority, we give our children opportunity. Opportunity to learn at higher levels than their parents were able to learn; to earn at higher levels than we were able to earn.
Martin O'Malley
This article does a good job
Basically think of this as hedge funds against single investors
Hedge funds shorted stocks of a lot of companies, sometimes to the tune of putin type 140 percent of actual stocks that exist
There is no requirement for them to disclose they hold excessive shorts
The contract is to borrow the stock,, not actually purchase so if it is called, they have to give it up at the market price
The wallstreet bets crowd contains people who are real investors, people who are nostalgic for companies they patronized when they were kids, kids whose parents lost their homes in 2008 due to mortgage bubble
And kids who want to pay off student loans
They look for companies that are undervalued
Gamestop is an example
They were expected to go bankrupt because they were selling games on
disks
They were expected to go the way of video stores
So a guy bought it and they developed a new game console and the nostalgic kids started buying stock
It became a meme stock on wallstreetbets
These guys have a lot of weird slang,one of which is they call themselves autists and retards because people say they are not doing proper analysis
But they are
Because it became a meme, people started buying like crazy which drove up the stock which meant the people holding short contracts had to fork over stock or cash or both to cover the new price
One company, melvin capital almost went bankrupt
GAMESTOP CLOSED AT 159.30
much improved from a year ago and stable
mk5000
The most valuable investment we can make is in our children's education. When we make education a priority, we give our children opportunity. Opportunity to learn at higher levels than their parents were able to learn; to earn at higher levels than we were able to earn.
Martin O'Malley