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Joined: Sep 2013
Posts: 17,865
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 17,865 |
Is CNN publicly traded?  AT&T
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Joined: Jan 2015
Posts: 2,686
Campfire Regular
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Campfire Regular
Joined: Jan 2015
Posts: 2,686 |
I keep reading that the hedge fund managers buy stocks that they are predicting will drop, then buy them back at a lower price when they do.
That's a lie.
The hedge fund managers band together and cause a stock to drop by short selling it. They kill its price then buy it back at a cheaper price and pocket the difference.
They don't predict schitt. They cause the price to drop. Obviously hedge fund managers don't BUY stocks they are predicting will drop. I doubt that short sales have enough volume to cause a stock to drop; short sellers expect actual sellers to drive the stock down, whereupon the short sellers buy the stock to cover their position, pocketing a tidy little profit in the process. The short sellers primarily influence the direction the stock moves if other investors see a short position in the stock and act on that information. This time their gambit didn't work because actual buyers overwhelmed actual sellers and drove the price up, thus squeezing the short sellers. Hooray for the little guys!
The biggest problem our country has is not systemic racism, it's systemic stupidity.
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Joined: Dec 2013
Posts: 13,051
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,051 |
When will the big boys in the big boy club set a trap for the Reddit gang. They have to be plotting revenge. The only question is how they'll do it. I hope they get caught in their own trap again. There has to be some move to push the little guy out of cheap internet trading.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Dec 2002
Posts: 25,861
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 25,861 |
I keep reading that the hedge fund managers buy stocks that they are predicting will drop, then buy them back at a lower price when they do.
That's a lie.
The hedge fund managers band together and cause a stock to drop by short selling it. They kill its price then buy it back at a cheaper price and pocket the difference.
They don't predict schitt. They cause the price to drop. Obviously hedge fund managers don't BUY stocks they are predicting will drop. I doubt that short sales have enough volume to cause a stock to drop; short sellers expect actual sellers to drive the stock down, whereupon the short sellers buy the stock to cover their position, pocketing a tidy little profit in the process. The short sellers primarily influence the direction the stock moves if other investors see a short position in the stock and act on that information. This time their gambit didn't work because actual buyers overwhelmed actual sellers and drove the price up, thus squeezing the short sellers. Hooray for the little guys! I know little about the market. Most of that, I learned in the last ten days. But I would suspect the reason the hedge fund managers targeted GME is that it is a very small corporation and the stock values are easily manipulated. Exactly why the managers got bit in the butt so badly.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Nov 2015
Posts: 4,859
Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
Read the material linked above. I think that was sarcasm on Elkslayer's part. Correct you are. See the hostess as you leave to get your door prize 
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
$GME at $116.31.......rut row Shaggy.
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Joined: Dec 2008
Posts: 3,395
Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 3,395 |
Read the material linked above. I think that was sarcasm on Elkslayer's part. Correct you are. See the hostess as you leave to get your door prize Shares of GameStop?
Molɔ̀ːn Labé Skýla
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
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Joined: Dec 2014
Posts: 9,112
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2014
Posts: 9,112 |
You guys talk like the game is rigged. Nonsense. Oh, by the way, Janet Yellen received 7.2 million dollars in speaking fees according to Forbes which ain't exactly a conservative source.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
You mean she sold $7.2M in favors. Good girl.....
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
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