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The way these hedge fund honchos are behaving right now will spell their own doom. If there is one thing most Americans hate more than AOC and Matt Gaetz, it’s the Wall Street class complaining about losing.
The way these hedge fund honchos are behaving right now will spell their own doom. If there is one thing most Americans hate more than AOC and Matt Gaetz, it’s the Wall Street class complaining about losing.
LOL.
Maybe sticking it to hedge fund managers could be what brings the left and right together on one issue
You guys all seem to be painfully unaware that when Gamestops stock drops back to reality, the reality of a company that loses about 500mil a year with no relief in sight, then do you know what shows up?
Class action lawsuits.
Because there is now 21+ billion in market capitalization which is going to turn into less than half a billion by this time next year. People get mad when 20 billion dollars of investment goes *poof*. Remember Enron? It was a fraction of that.
Gee, you want to be involved in trading that? Welcome to the lawsuit.
P.S. I don't give a flying fudge about hedge fund managers, there are some people that are going to get REALLY hurt by this and I'm explaining why some brokerages may not want to embroil themselves in what is an obvious pit of litigation.
Yup.
I mean Melvin reportedly lost around $4 billion which is definitely not chump change but it will pale to what others lose. Lot of money will change hands on Gamestop, that's for sure. Ah well, fools and money as they say.
Well Janet Yellen, Joe Biden’s pick for Treasury secretary, collected fees from Citadel, which has invested billions of dollars in the primary hedge fund now suffering as a result of the GameStop stock surge. We can all play the your side vs my side, fact is they are everywhere.
It’s amazing to see everyone mostly agreeing on something. Maybe Americans have more in common than they think.
I don't think anyone particularly cares that Hedge Funds lost money. You'll see more diverging opinions on the smaller investors who borrowed against their 401k or took money out of a HELOC and bought 1,000 shares at $200 and then didn't get out in time and now it's worth maybe $60 if we want to be overly optimistic. That's really money that unlike a hedge fund they probably cannot afford to lose and now they've lost $140,000. That's a huge set your retirement back by 10 years type of money for a lot of people, and there will be people that lose that much and more who are just ordinary Joe type people that don't have solid six figure jobs or a comfortable nest egg of a 10-20 million to fall back upon. Bitcoin but worse.
Hedge Funds are in the business of arbitrage. It's amusing because it was Reddit that short squeezed Gamestop rather than another hedge fund. The VW squeeze was orchestrated by Porsche. They just bought back a huge percentage of the stock. Hedge fund lost, a bunch of idiots trying to get rich quick lost, Porsche/VW won.
Last edited by Malloric; 01-28-2021 at 05:25 PM..
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