He was pushing it as an actual value investment. Not even close to the same thing as "getting people to inflate stocks he owned".
He was pushing it as an actual value investment. Not even close to the same thing as "getting people to inflate stocks he owned".
I have been following this whole thing on reddit long before it ever hit the news. For anyone interested this is what happened;
He didn’t even do that though. He legit thought GME was undervalued and invested in 2019. It was others who realized that it was massively overshorted much later on.
“or people like Gill who act like they’re just out to even the playing field but are actually getting people to inflate stocks he’s personally invested in so he can make a shit ton of money?”
I mean, clearly he is right. The lack of backwards compatibility massively hampered the PS4. It only sold....
Man, CDPR is just intent on destroying every last bit of their reputation, huh.
I always thought it was kinda weird how the rest of the Avengers just went along with Tony’s request. Like, why isn’t Ant Man saying “hold up, I lost 5 years with my daughter. Why is she less important than Tony’s?”
I mean, who knows if she is actually dead. It is Marvel here lol.
Its 100% true. Its not even the first time Reddit has tried to do this to him.
Umm...no it wouldnt. But more to the point, dude (Andrew Left/Citron) literally went on social media and bragged about how he was shorting the shit out of GME. When people disagreed with his valuation he basically pulled the “I’m smarter than you card” and they said “oh yeah, remember that stock you are shorting?…
This all started because Andrew Left pissed off WSB while bragging about how much he shorted GME.
This is the first time a fund (Citron) has bragged about how much they shorted a stock and then called Reddit stupid. lol.
And then called everyone else who thought GME had some value stupid.
They fucked up by:
Its absolutley not a pump and dump it’s a short squeeze.
-Melvin capital gets crushed by GME stock.
The big takeaway is that WSB has essentially shown it’s a hedge fund as well.
I love how identifying a short squeeze is “gaming the system”. lol.
There are circuit breakers that trip in those instance (and they have like a dozen times or so in the case of GME) and halt trading for a time. that is NOT the same thing as trading platforms straight up banning people from trying to buy a stock.
Nope, that's exactly what it is. You aren't missing anything.