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Showing Original Post only (View all)"The Squeeze of a Lifetime" or The GameStop stock frenzy, explained. Vox [View all]
If I understand this right, Independent daytraders from a Reddit group ganged up to out smart "Old House Fund Managers" who were betting that GameStop would lose market value (by buying call options). The Independent Reddit Traders were buying shares and forcing the price up (buying stock and put options). In the end, Independent Reddit traders wound up bankrupting some "Old House"Fund managers who were betting the GameStop stocks would go down. Do I understand this correctly?
https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron
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"The Squeeze of a Lifetime" or The GameStop stock frenzy, explained. Vox [View all]
sagesnow
Jan 2021
OP
As much as I like to see hedge fund guys get burned, this could go south in a bad way
Fiendish Thingy
Jan 2021
#2
The irony of it all is that the people that began it are masquerading like they are "Robin Hood"
TheRealNorth
Jan 2021
#7
I believe that so many of the Independent Redditt traders bought so many put options that
sagesnow
Jan 2021
#12
Yep. The hedge fund guys got out-hustled by a subreddit thread, and now they're all butthurt.
Volaris
Jan 2021
#10
That's it - Wall Street and investment banks have been fucking this country for decades . . . .
hatrack
Jan 2021
#18
This is the overall problem with the stock market and the way companies are managed
Buckeyeblue
Jan 2021
#19