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Topic	Stock Topic 20
red sox 777 02/04/21 12:05:35 PM #28:	Jakyl25 posted... So in the end why didnt the GME thing work? It cant just be because of the fucking with retail traders. Did the hedge funds just have diamonder hands and held out longer? Assuming the numbers from S3 are accurate, they bought north of 40 million shares on Thursday and Friday last week. The average price they paid would probably have been around $300 average, for losses probably in the 11 billion range. So they did get squeezed, just not infiniti squeezed. Enough people were willing to sell around $300 for them to escape. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:950271741] in Stock Topi... [t:79277198]...</cite> <quote>Jakyl25 posted... </cite> <quote>So in the end why didnt the GME thing work? It cant just be because of the fucking with retail traders. Did the hedge funds just have diamonder hands and held out longer?</quote> Assuming the numbers from S3 are accurate, they bought north of 40 million shares on Thursday and Friday last week. The average price they paid would probably have been around $300 average, for losses probably in the 11 billion range. So they did get squeezed, just not infiniti squeezed. Enough people were willing to sell around $300 for them to escape. --- 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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