The Mudcat Café TM
Thread #169270 Message #4091057
Posted By: robomatic
02-Feb-21 - 01:26 AM
Thread Name: BS: G A M E S T O P and market plays
Subject: RE: BS: G A M E S T O P and market plays
SRS: No, never thought of that. What would the effect here be if someone searched and found it. It will surely come up within the thread. I am no financial maven but what caught my attention with the Reddit Gamestop story was the apparent collaboration of daytrading 'amateurs' to actually affect an organization with much more experience and money and power.
I think in the Gamestop case it is the influence of technology far more than federal regulations, but I may be wrong as look at how some congresspeople are weighing in.
There are many details of this story that I expect to emerge and I thought people here in the BS portion of Mudcat would find it interesting.
As of this evening the price of Gamestop has come down significantly.