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SVTPerformance's Chain of Restaurants
Road Side Pub
Gamestop
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<blockquote data-quote="FJohnny" data-source="post: 16568578" data-attributes="member: 191643"><p>It's good to ask questions instead of jumping on the bandwagon.</p><p></p><p>This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys.</p><p></p><p>In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys.</p><p></p><p>Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up.</p><p></p><p>Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too.</p><p></p><p>We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine.</p><p></p><p>Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%.</p><p></p><p>There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first.</p><p></p><p>Good luck.</p></blockquote><p></p>
[QUOTE="FJohnny, post: 16568578, member: 191643"] It's good to ask questions instead of jumping on the bandwagon. This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys. In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys. Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up. Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too. We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine. Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%. There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first. Good luck. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Gamestop
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