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Old 28-01-2021, 09:05 AM #10
user104658 user104658 is offline
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Join Date: Jul 2013
Posts: 36,685
user104658 user104658 is offline
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Join Date: Jul 2013
Posts: 36,685
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Quote:
Originally Posted by Cherie View Post
My son put some money in this, might go belly up but he is enjoying the battle
It WILL go belly up, the gamble is in cashing out when the stock peaks to make maximum profit before it crashes.

The overall aim of the... Erm... "movement" is to destroy the hedge fund that was trying to make the stock worthless in the first place, and isn't actually about making money (they are willing to lose the investment for the cause).

The overall aim I guess is to make these unethical traders wary of playing such brazen games with stock shorting.
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