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TopicPolitics Containment Topic 362: Now With Diet Coke Button
MoogleKupo141
01/28/21 5:29:29 PM
#388:


TheRock1525 posted...
Can someone explain the whole Robinhood thing to a stock market illiterate person like me? Why are people wanting to buy Gamestop stocks?


basically hedgefund guys borrow a stock from someone else and sell it on the assumption that the price will go down. the plan is to then buy the stock back at a lower price and return it to the owner, pocketing the difference.

but if redditors drive the price of the stock up, these guys still have to buy it back at what has now become a much higher price. the hedge fund guys over extended hard with GameStop stock and the internet people are taking advantage of it
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For your Azuarc .
At least Kupo has class and doesn't MESSAGE the people -Dr Pizza
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