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Old 28-01-2021, 11:58 AM #14
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Cherie Cherie is offline
This Witch doesn't burn
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Join Date: Oct 2011
Posts: 61,612

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Quote:
Originally Posted by Toy Soldier View Post
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.
Depends when he cashes out, if he did it now he would be up, it’s more the principle for him and he knows he could lose it, I think because it is GameStop which is close to his heart as as a gamer as well that got him ‘invested’
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