Squeezing Wall Street
The group believed they could profit by pulling off a “short squeeze” on Wall Street’s elite investors. GameStop’s flailing brick and mortar business model led hedge funds to believe they could capitalize by “short selling” the stock and turning a profit from the falling share price. When shorting a stock, an investor borrows the stock from a lender, and sells it to a buyer. If the price falls as predicted, the stock is purchased back from the buyer at a profit… Unless the stock rises, which can create financial ruin.
The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf
— John M. Cunningham (@jmcunning) January 28, 2021
Finally the little people took on the big hedge scammers.
I am making a good salary from home $1200-$2500/week , which is amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone, Here is what I do…-> bit.ly/2NRkLAH
Hope some of those elites yelled. Piglosi, etc go down with the market.
Scrap Robinhood & all within Wall St realm, Chap 7 ALL.
Rigged market to elites
WRONG.
Make fair & =.
No more investor games
TOO Much at stake & make Elites LOSE More
Purge Wall St then
Force new changes.
Or we Investors LOSE
Congress will jump into action to help Wall Street. The more they help the more they get campaign money or money for giving worthless speeches.