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While we are all panicking, the suits are winning, but it’s far from over. WE MUST LOOK FAILURE IN THE EYE AND SAY F-CK YOU AND BUY MORE GME AND AMC. Or, as one WSB poster put it - a bit more aggressively: “My fellow autists, these past 2 days have been our toughest battles we have faced, these days of bleeding WERE EXPECTED, the time is now to rise up from the ashes and hold your shares like your life depends on it. I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again.” I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB. That is when you get to make it all work. Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. I dont own it, but thats what i would do. Referring mainly to GameStop, the Shark Tank star said: “If you can afford to hold the stock, you hold. Keep the most natural buyers out of the market and the price keeps on FALLING.” And they keep on lowering it till they find buyers. No RH buyers, means sellers lower their price to find buyers. When RH shut it down, then cut it back, let’s put aside why, they cut of the greatest source of demand. The phenomenon is already the subject of two separate Hollywood projects.īillionaire entrepreneur and Dallas Mavericks owner Mark Cuban popped up on Reddit’s WallStreetBets (WSB) chat room Tuesday for an “Ask Me Anything” session where he said the stocks were falling because “the source of demand has been crippled. AMC surged past $20 and GameStop gained 1,600% before popular online platforms like Robinhood restricted trading in the most volatile stocks.
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The price hikes were painful for big Wall investors with large short positions – meaning they had bet the stocks would fall, not rise. In what’s been called a populist revolution on Wall Street, retail traders (meaning individuals) gathered on Reddit chat rooms to spark a collective buying spree of AMC, GameStop and a handful of other stocks, mostly businesses under pressure. Robinhood Plans Super Bowl Ad In Bid To Repair Brand Damaged By Actions During GameStop-AMC Saga