LogFAQs > #949963034

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Topic	You guys see what's going on with GameStop's stock?
Aecioo 01/26/21 11:12:00 PM #47:	foolm0r0n posted... The key is this: When you buy 1 stock at $100 and it goes to $0, you've lost $100 Buy when you short sell 1 stock at $100 and it rises up to $100000, then you've lost $999900 Yeah this is really the heart of it. People who short stocks are vultures profiting on the failure of businesses (sorry to anyone here who shorts). Large hedge funds bet on gamestop stock being overvalued and tried to make money on the business going under, and wsb said "fuck you, we are driving up the price so we get rich and you lose money" Also now that you kind of know whats happening you can rewatch Casino Royale and understand the plot! --- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:949963034] in You guys s... [t:79253781]...</cite> <quote>foolm0r0n posted... </cite> <quote>The key is this: When you buy 1 stock at $100 and it goes to $0, you've lost $100 Buy when you short sell 1 stock at $100 and it rises up to $100000, then you've lost $999900</quote> Yeah this is really the heart of it. People who short stocks are vultures profiting on the failure of businesses (sorry to anyone here who shorts). Large hedge funds bet on gamestop stock being overvalued and tried to make money on the business going under, and wsb said "fuck you, we are driving up the price so we get rich and you lose money" Also now that you kind of know whats happening you can rewatch Casino Royale and understand the plot! --- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ</quote> ... Copied to Clipboard!
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