I guess the answer is both would have been hit harder. Hedge funds the worst but

Feb 15, 2021
11:17:02am

N8Dawg Contributor

normal Joe blow spending his life savings as the hype reached an insane peak... only to have it come crashing down would also have been higher.

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N8Dawg

Previous username: Swasticle
Bio page: N8Dawg
Joined: Jun 12, 2015
Last login: Jun 11, 2024
Total posts: 1,614 (1 FO)

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Messages

Author

Time

GME: why you don’t borrow money to gamble story in WSJ

Big Daddy D

2/15/21 9:51am

What a dumb idiot and I don’t feel bad for him at all.

JohnnyC

2/15/21 9:53am

If rh didn't shut down trading he might be rich

Deleted

2/15/21 9:55am

Class action lawsuit

idcougarfan

2/15/21 9:56am

Probably more likely a lot more people would be in his same position.

N8Dawg

2/15/21 9:58am

By people you mean hedge funds. That’s who was protected in the shut down.

Probable Sacko

2/15/21 10:00am

No way enough people hold onto the stock to have the price keep going up. The

N8Dawg

2/15/21 10:54am

Yes, cashing out happens when the stock can only be sold to shorts and not purchased by anyone using online brokerages.

Probable Sacko

2/15/21 11:02am

I guess the answer is both would have been hit harder. Hedge funds the worst but

N8Dawg

2/15/21 11:17am

So very true.

Eddie

2/15/21 1:35pm

Oh you’re one of those guys. How much did you lose?

Big Daddy D

2/15/21 9:59am

It is very obvious that the price tanked at the exact same time that RH shut

crazY

2/15/21 10:04am

Lol of course it did. I said it hastened the turn towards more realistic

Big Daddy D

2/15/21 10:49am

RE: Lol of course it did. I said it hastened the turn towards more realistic

crazY

2/15/21 10:58am

Kind of like people who took out huge student loans on degrees devoid of any earning potential.

Hank Rearden

2/15/21 9:56am

RE: Kind of like people who took out huge student loans on degrees devoid of any earning potential.

JollyGreenGiant

2/15/21 9:57am

Diamond hands

coucou

2/15/21 10:01am

People like him shouldn't be allowed to declare bankruptcy.

dYrtbYkerYder

2/15/21 10:01am

People like him are exactly why we need bankruptcy. You could just as easily

kosmokramer

2/15/21 10:25am

YOLO! Your life might stink because of your decisions, but YOLO nevertheless.

dYrtbYkerYder

2/15/21 10:02am

YOLO = a gambling attitude. Dude took his shot, and it was a fail.

Eddie

2/15/21 10:08am

That's really not that big of a deal or risk. People make worse decisions when

byubyu

2/15/21 10:07am

This guy says that will be the reason of the next market crash

Zak

2/15/21 10:11am

Approaching stocks like this is akin to getting a loan and walking into a casino

lilpenny

2/15/21 10:28am

dude bought at the top like a dope.

Mayor of Cougartown

2/15/21 10:37am

FYI he didn’t buy SPY. He did not dollar cost average. He borrowed money and bet

Big Daddy D

2/15/21 12:26pm

I am of the opinion this will happen to more stocks than just GME and the bubble

crack

2/15/21 10:43am

It’s crazy we don’t offer real life education in HS.

Probable Sacko

2/15/21 11:30am

Graduates from pleasant grove and there was financial literacy class. I took it

Powerbait DPM

2/15/21 11:47am

They should include a paper trading account in the class.

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