The GME Story: Hedge Funds vs Little Guys

[B1GTide]

View attachment 14672

Awesome!!!!!

 

[jabcmb]

Great article (as usual) by Matt Taibbi on GME for those interested. Can’t link because you never know what he’s going to say. Go to taibbi.substack.com, the article is from today and has Wall Street in the title. It’s worth the hassle.

 

[CharminTide]

Great article (as usual) by Matt Taibbi on GME for those interested. Can’t link because you never know what he’s going to say. Go to taibbi.substack.com, the article is from today and has Wall Street in the title. It’s worth the hassle.

Good read.

"This is where society will ultimately come down, of course, uniting to denounce $GME as financial Trumpism, even though it actually comes closer to being an updated and superior version of Occupy Wall Street. It’s likely not any evil manipulation scheme, but ordinary people acting — out of self-interest, but also out of sheer enthusiasm for one of the best reasons to do just about anything, because you can — on a few simple, powerful observations.

They’ve seen first that our markets are basically fake, set up to artificially accelerate the wealth divide, and not in their favor. Secondly they see that the stock market, like the ballot box, remains one of the only places where sheer numbers still matter more than capital or connections. And they’re piling on, and it’s delicious, not so much because they’re right, but because the people running for cover are so wrong, and still can’t admit it.

Buy the ticket, take the ride, nitwits. If you earned anything, it’s this."

 

[tide power fan]

Changing rules in the middle of the game sounds like something stinks

 

[CharminTide]

SEC reviewing volatility amid GameStop frenzy, vows to protect retail investors

The SEC said it will work to protect investors by reviewing the recent volatility that has fueled a meteoric rise in stocks like GameStop and AMC Entertainment.

www.cnbc.com

 

[92tide]

a nice story that came from this

San Antonio 5th grader cashes in his 2-year-old GameStop stocks

When Jaydyn Carr unwrapped his GameStop shares his mom gifted him for Kwanzaa two years...

www.mysanantonio.com

For Kwanzaa 2019, she wanted to give her son a gift reflective of Ujamaa, one of the seven principles of the festival which focuses on cooperative economics. Nina bought Jaydyn 10 GameStop shares for $6 each and printed off a certificate she found online to give him something to unwrap. The smile he flashed in the 2019 holiday photo is even bigger now, after selling for a little under $3,200 Wednesday morning.

 

[crimsonaudio]