This technically started sometime in the last 3 months. According to reports Gamestop was between 4-to-6 dollars give or take. It was given an undervaluation it should have been 15-17 dollars. The person who stated this some weeks ago mentioned due to Xbox Series X and Playstation 5 consoles as well as games including games still being released in previous Xbox and Playstation systems along with cross-console releases i.e. one for X/PS4 and one for XSX/PS5. They mentioned people rush to buy these and should increase stock prices.
So in essence had Gamestop's stock risen this might have not caused much of an issue. But because they were short selling, betting on it's demise. People just fucked with the system.
Tim Pool has a few videos on this basically mentioned "Unsophisticated trading". Even though some people at the top were gaming the system. They've gone full circle to hide this and stop this and now lawsuits and whatnot are coming through.
Non of what the redditors did is illegal in fact it's perfectly legal. Accordingly something like 5,000 U.S. firms are in trouble for this accounting for 70.875 billion dollars. The Gamestop stock caused a 1 billion dollar loss.
And accordingly it's not just Gamestop but AMC Entertainment; Bed, Bath and Beyond; as well as a few others.
ON top of that Robinhood, TD America, Capital, and many other brokerage firms are being class action lawsuit. Obviously they'll take the law suits as they just pay millions or a few tens of millions. Rather than allow this to continue.
Because all the firms are colluding together and shutdown other market players like Nokia, Blackberry, etc.etc. They will probably be investigated by the SEC and other governement agencies. Now currently they are investigating the situation with this but not to help people but hurt them.
I spoke to my father about this and he mentions the same thing HP.Cobra stated. It affects the mom and pop traders as well as even the big guys. Since we rely so much on market speculation the big guys roll capital to other companies. So in essence it's like a domino effect.
But guess what that's the system and that's how it works. If it collapses things then that's the fault of market speculation. Gottfried Feder already warned this along with Hitler and company. Market speculation, currency speculation, and international speculation are the 3 biggest scourges.
I know some might state "But Hitler allowed 9 Boroughs market to continue". Yes because for some strange reason which we don't have information on and really an affront towards National Socialism. They allowed it to exist as for some reason it was deemed reasonable by the NSDAP.
Anyways this isn't gonna stop whom or what is stopping these guys from doing it again. And it'll repeat itself hell with the viralness of the Internet what's stopping other markets from being targeted.
Funniest part....everything they are doing is 100% legal. And what is stopping from people cutting a bit of stimulus check for 1,400 dollars to invest. Got nothing to lose even though your playing with fire.
So I agree a bit with HP.Cobra but on the other hand that's the name of the game. And our rituals particularly our 2017 RNTR(Reverse New Testament Ritual) is probably hammering away along with the astrological crash we are experiencing AND on top of that the whole covid restrictions.
Lockdown + Internet + Boredom = lets have a lulz
So in essence had Gamestop's stock risen this might have not caused much of an issue. But because they were short selling, betting on it's demise. People just fucked with the system.
Tim Pool has a few videos on this basically mentioned "Unsophisticated trading". Even though some people at the top were gaming the system. They've gone full circle to hide this and stop this and now lawsuits and whatnot are coming through.
Non of what the redditors did is illegal in fact it's perfectly legal. Accordingly something like 5,000 U.S. firms are in trouble for this accounting for 70.875 billion dollars. The Gamestop stock caused a 1 billion dollar loss.
And accordingly it's not just Gamestop but AMC Entertainment; Bed, Bath and Beyond; as well as a few others.
ON top of that Robinhood, TD America, Capital, and many other brokerage firms are being class action lawsuit. Obviously they'll take the law suits as they just pay millions or a few tens of millions. Rather than allow this to continue.
Because all the firms are colluding together and shutdown other market players like Nokia, Blackberry, etc.etc. They will probably be investigated by the SEC and other governement agencies. Now currently they are investigating the situation with this but not to help people but hurt them.
I spoke to my father about this and he mentions the same thing HP.Cobra stated. It affects the mom and pop traders as well as even the big guys. Since we rely so much on market speculation the big guys roll capital to other companies. So in essence it's like a domino effect.
But guess what that's the system and that's how it works. If it collapses things then that's the fault of market speculation. Gottfried Feder already warned this along with Hitler and company. Market speculation, currency speculation, and international speculation are the 3 biggest scourges.
I know some might state "But Hitler allowed 9 Boroughs market to continue". Yes because for some strange reason which we don't have information on and really an affront towards National Socialism. They allowed it to exist as for some reason it was deemed reasonable by the NSDAP.
Anyways this isn't gonna stop whom or what is stopping these guys from doing it again. And it'll repeat itself hell with the viralness of the Internet what's stopping other markets from being targeted.
Funniest part....everything they are doing is 100% legal. And what is stopping from people cutting a bit of stimulus check for 1,400 dollars to invest. Got nothing to lose even though your playing with fire.
So I agree a bit with HP.Cobra but on the other hand that's the name of the game. And our rituals particularly our 2017 RNTR(Reverse New Testament Ritual) is probably hammering away along with the astrological crash we are experiencing AND on top of that the whole covid restrictions.
Lockdown + Internet + Boredom = lets have a lulz
