What goes up must come down

[sekker]

GameStop stock.

Hope no one was caught up in this short squeeze bubble and lost their retirement!

[Michael]

I joined wallstreetbets subReddit last week when the news was big. Watched it go up, up up and saw all those folks buying, buying, buying!!! I thought it would collapse on Friday, the last trading day in Jan, but Mon was the bad day, it seems. It continues to go down; I just looked at the Reddit site and there's a boatload of people yelling to stay in because it's going to turn around. Maybe...

[C(-)ris]

Michael wrote:
I joined wallstreetbets subReddit last week when the news was big. Watched it go up, up up and saw all those folks buying, buying, buying!!! I thought it would collapse on Friday, the last trading day in Jan, but Mon was the bad day, it seems. It continues to go down; I just looked at the Reddit site and there's a boatload of people yelling to stay in because it's going to turn around. Maybe...

I GUARANTEE you that those that started yelling stay in are the ones selling or sold.

[cbelt3]

The subreddit is now getting an SEC enema. The hedgies that over-shorted the stock have gotten no scrutiny at all. The fix is totally in and this is another case of what happens in the rigged game that is the stock market.

[freeradical]

cbelt3 wrote:
The subreddit is now getting an SEC enema. The hedgies that over-shorted the stock have gotten no scrutiny at all. The fix is totally in and this is another case of what happens in the rigged game that is the stock market.

The stock market is not rigged if you're an investor, and not a speculator.

[Paul F.]

freeradical wrote:

The stock market is not rigged if you're an investor, and not a speculator.

Dude... don't even bother trying to start that fight. You'll just end up getting shouted down, and end up tired.
The people that think it's "all rigged" aren't going to change their minds.

[Sarcany]

freeradical wrote:
[quote=cbelt3]
The subreddit is now getting an SEC enema. The hedgies that over-shorted the stock have gotten no scrutiny at all. The fix is totally in and this is another case of what happens in the rigged game that is the stock market.

The stock market is not rigged if you're an investor, and not a speculator.
You're kidding me, right? It's totally rigged. It's just rigged in the investor's favor.

Every change to tax laws, every recent "economic stimulus" and the entire policy of the Fed in recent years is geared towards propping up the stock market at the expense of the rest of the economy.

In a free market, the Dow would be half what it is, at best.

[sekker]

Rigged or no, I firmly hope no one here lost a dime.

I have never knowingly owned this stock, so I was watching strictly as an observer.

[NewtonMP2100]

........spinning wheels.....gotta' go round......

[rjmacs]

sekker wrote:
Rigged or no, I firmly hope no one here lost a dime.

I have never knowingly owned this stock, so I was watching strictly as an observer.

Me too, but if any investment was ever tagged with a "DON'T DO THIS UNLESS YOU ARE READY TO LOSE MONEY," this was it. You can't stop a gambling addict from going to the casino, and casinos are designed to siphon money from gambling addicts.