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a few grand
You are seriously underestimating the degree to which the stock price has risen and the amount of money that some of these people have earned. Many of them who got in early have literally made millions.
Yup, it’s a short squeeze - the short sellers are scrambling to try and cover their positions which is forcing the price ever higher. And with the short positions far exceeding the amount of actual stock in circulation the squeeze isn’t going to end any time soon. Heard of one guy off Reddit who is up 15 mil on a 50k punt!
Those who "made millions" would've had to put in a small fortune to start. The redditors dropping in a few hundred bucks have turned a nice profit but this wasn't done from a few early investors it was done en masse.
Yes, people made money...and again, great for them (as long as they liquidate it and actually get their returns). You would have to understand that in order to "make millions" you have to have worth that exists in a form other than valued gains.
Those same stocks could be worthless in a month. Literally worthless.
What makes you HIGH as fuck is the one simple fact.
The GME buy in was contained to Reddit for a day. Word got out. I never go to Reddit but I heard the call, Buy GME. Reddit investors are only a small part of the investors involved. Reddit want's to take full credit. Fine. That will bite them in the ass. Everyone wants to say this is a Reddit only thing. Everyone wants to say this is a Robbinhood thing.
Lot's of people everywhere started buying. The idea of Doxxing WSB Reddit investors is ludicrous, the idea here is really. .they just want to find out who told everyone.
It's not about Money it about Sending a message. Message received.
Definitely a glow Jew.
"reddit" as used by you and the media is trying to scapegoat 1 party. "reddit" in this case was started on /r/wallstreetbets but spread out to all the commie subs and it's not like redditors limit themselves to JUST reddit .
"lots of people" yep, which is why the stock jumped...lots of investments into it. I've never said anything opposing.
"doxing" the source, gee...you think billion dollar hedge funds aren't going to try and protect itself (and then strengthen the position of it ever happening again ?...fuck are you naïve if you don't understand that).
It's about money, it's always about money. money IS the issue you ignorant fuck. You don't have to tell me you're a jew. I know it "definitely"
Those who "made millions" would've had to put in a small fortune to start. The redditors dropping in a few hundred bucks
If you're only willing to put a few hundred bucks towards a trade then it isn't worth the hassle of even opening a trading account. If that's all they put into it, then they must have been buying options. I can't find a historical chart of options prices right now, but a few hundred bucks of options could easily be worth six figures right now depending on when they bought it.
In reality, most of the people on that sub are working with at least a few thousand dollars. Many of them are people who originally said "i'm going to put a few thousand dollars to play with in this account for fun and if I lose it all then I won't mind. If I earn anything I'll just roll those earnings into my next trade" and have, over time, increased their accounts to much more than they originally put in.
I'm not going to argue on new accounts opening to specifically buy (via day trading) and who simply shifted risk by liquidating assets into buying into this stock...
what I will say is that I completely agree with you that it isn't some "little guy beating the giant" story (which it's being shaped into trying to be) and it's simply rich people manipulating the short in order to become those in which they pretend to hate. Again, I competely agree with that.
If these "moral superiors" have any credibility they'd dump the stock and give 100% to charities...but we all know they won't. They'll have more money now to pretend to hate the system they participate in.
Many of them who got in early have literally made millions.
...on paper. Now watch what happens when they try to turn it into hard cash.
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