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Topic	You guys see what's going on with GameStop's stock?
red sox 777 01/27/21 8:28:19 PM #117:	LordoftheMorons posted... Nobody's done well until they've cashed out Presumably everybody here acknowledges that a share of GME is not actually worth $350. It'll equilibrate around $20 or whatever it was before. As people sell off their stocks, the price will go way down, and any money that some people are making is going to be at the expense of others who bought/sold at worse times (and nowhere near all of those losses will be from the hedge funds). The hedge funds are short around 140% of the float. They have to buy back those shares. That's WHY the stock is up so much. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:949996103] in You guys s... [t:79253781]...</cite> <quote>LordoftheMorons posted... </cite> <quote>Nobody's done well until they've cashed out Presumably everybody here acknowledges that a share of GME is not actually worth $350. It'll equilibrate around $20 or whatever it was before. As people sell off their stocks, the price will go way down, and any money that some people are making is going to be at the expense of others who bought/sold at worse times (and nowhere near all of those losses will be from the hedge funds).</quote> The hedge funds are short around 140% of the float. They have to buy back those shares. That's WHY the stock is up so much. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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