LogFAQs > #949997844

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Topic	Explain the Gamestop situation like I'm ten and barely understand stocks
AllegraD 01/27/21 9:19:00 PM #10:	Have you ever seen Casino Royale? The rich bad guy plots to blow up the airplane company's newest protoype and cause the stock to crash. The rich bad guy shorts 1 million shares because he plans to just repay the shares after the bomb and after the company's stock crashes. James Bond saves the prototype plane and the rich bad guy's stock short plan actually turns out to fail, and costs him like $500 million dollars of other people's money (druglords, crime bosses, people like that) ^ there. That's a fitting explanation. Except, it's Gamestop instead of an airplane company. And instead of James Bond it is the Internet. --- Ohhh boy! <cite>AllegraD posted [p:949997844] in Explain th... [t:79263851]...</cite> <quote>Have you ever seen Casino Royale? The rich bad guy plots to blow up the airplane company's newest protoype and cause the stock to crash. The rich bad guy shorts 1 million shares because he plans to just repay the shares after the bomb and after the company's stock crashes. James Bond saves the prototype plane and the rich bad guy's stock short plan actually turns out to fail, and costs him like $500 million dollars of other people's money (druglords, crime bosses, people like that) ^ there. That's a fitting explanation. Except, it's Gamestop instead of an airplane company. And instead of James Bond it is the Internet. --- Ohhh boy!</quote> ... Copied to Clipboard!
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