Huge Losses
While millions of investors buying GameStop surely caused a price jump, it was the hedge fund shorters that caused the stock’s meteoric rise. Short sellers were forced to bid on shares to buy them back and return to the lender, which caused prices to skyrocket up to $347.51 a share by Wednesday. The same day hedge funds Citron Research and Melvin Capital said they suffered undisclosed losses that could total in billions.
If your investment is down 25%, you need a 33% return to breakeven.
If your investment is down 50%, you need a 100% return to breakeven.
If your investment is down 75%, you need a 400% return to breakeven.
If your investment is down 100%, you are Citron Research.
— Chris Bakke (@ChrisJBakke) January 25, 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.