The GameStop example is the stupidest thing I’ve seen in a while.
Instos are not going to get burnt, they’re the ones that are going to make a lot of money out of this, where they were previously shorting the stock at $50-60 potentially buying it back at $30-40 now these ‘not so intelligent’ short squeezers have given them the opportunity to short the stock at $300+ a share, they will make a killing, who is going to lose big? The ‘not so intelligent’ squeezers who though buying the stock at $250-$300-$350 was a smart idea.
The share price will be back under $100 in no time at all, the only ones left bleeding are the ones who bought on the way up..
Imagine how smart a insto would be to think up an idea about how to make a share price shoot up, convince small minded people with ‘victim’ syndrome that they’re going to ‘stick it to the man’ and then go laughing to the bank at their expense.
Surely im not the only one that can see this?! Them hedge funds are licking their lips not crying..
The GameStop example is the stupidest thing I’ve seen in a...
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Last
$1.24 |
Change
0.080(6.93%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.25 | $1.19 | $11.90M | 9.739M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 85730 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 190526 | 40 |
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| Last trade - 15.31pm 29/04/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.080 ( 6.41 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.25 | $1.18 | 1600628 | ||
| Last updated 15.52pm 29/04/2024 ? | |||||
| ZIP (ASX) Chart |