Oh look Ben Shapiro is shilling for hedge funds
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It's the whole blocking buys and forcing sells that really got me.
I actually sold off most of my Gamestop during the rise because I wasn't aware of what was going on, but I considered it to be probably overvalued. I'm not unhappy with the result even though I could have made substantially more.
But after the fuckery that's gone on in the past 2 days, I went ahead and put in an order for more GME because these guys can all go to hell.
Doubling down against the Internet? That's got to be the stupidest thing I've ever heard. It's criminal negligence.
Me too. Say what you like about 2008 and the bullshit bailouts, but this is worse in a way. They overplayed their hand and got bailed out. This time, they're just skipping the middleman and ripping the money right out of everyone's pockets. Worst of all, they're manipulating the market and lowering investor confidence just to save their own asses.
Melvin made a quite frankly ridiculous error that even a 12 year old would have seen as a problem, but the brokers do everything to cover for them. Nobody who decides to take a 140% short position should even be in the market, they deserve to go bankrupt - not because of some crusade against the sector, but because they're fucking morons who made a piss-poor decision that would have got me fired and sued for incompetence if I did it.
Doubling down against the internet worked to stop President Trump though.