The Mudcat Café TM
Thread #169270 Message #4091046
Posted By: robomatic
01-Feb-21 - 09:37 PM
Thread Name: BS: G A M E S T O P and market plays
Subject: BS: G A M E S T O P and market plays
I enjoyed the story about what was basically an investment flashmob enlisted to buy a going nowhere stock that some hedgefund investors had decided to short into oblivion. Apparently the flashmob made some fast gains but the overall effect of this tactic is raising questions for all sorts of folk.
Alexandria Ocasio-Cortez has weighed in. So has Ted Cruz. So has Elizabeth Warren.
It led me to wonder what other investments such as concepts we have invested in or expect to slide hence we are shorting such things as fair-mindedness or curiosity.