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Every Thing Else Board
Investment people.. Have you been following the GME kerfuffle?
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<blockquote data-quote="Buck Randall" data-source="post: 1662055" data-attributes="member: 38590"><p>Gamestop is a video game store. It's a failing business because video games have gone to a mostly online download model, and nobody needs to go to a store to buy a physical copy any more. They've closed a lot of stores recently and bankruptcy seems like an eventual certainty. Brokers were trying to short it because it seemed like the stock could only go down.</p><p></p><p>Some little guys noticed that the big brokers were overleveraged and used the power of social media to get enough small buyers on their side to tip the balance in their favor. It's a perfectly legal form of market manipulation, because there's nothing secretive about it. For now.</p></blockquote><p></p>
[QUOTE="Buck Randall, post: 1662055, member: 38590"] Gamestop is a video game store. It's a failing business because video games have gone to a mostly online download model, and nobody needs to go to a store to buy a physical copy any more. They've closed a lot of stores recently and bankruptcy seems like an eventual certainty. Brokers were trying to short it because it seemed like the stock could only go down. Some little guys noticed that the big brokers were overleveraged and used the power of social media to get enough small buyers on their side to tip the balance in their favor. It's a perfectly legal form of market manipulation, because there's nothing secretive about it. For now. [/QUOTE]
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Investment people.. Have you been following the GME kerfuffle?
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