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FormerStudentIntern
I heard that on the news.
posted by
BC-A
on January 31, 2021 at 10:06 PM
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The big boys got stuck with owing more than they had bet it would be worth because it went up. They'd bet on it being low at a certain point and purchased it for the future at a low price. Now they are mad because they still had to buy the stock but they had to pay the newer high price. At least that's the simple way I think it went.
posted by
Sea_Gypsy
on January 30, 2021 at 1:07 PM
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there are options where you bet on stocks going up or falling. if you are wrong you lose money and vice versa if you win. A brother in law was working my stocks for me this way and I made a nice profit...then I found out he was insider trading. ( he knew someone who had knowledge of the stocks that were doing well and those that weren't.) As soon as I found out I took the ability for My brother in law to trade for me, away from him.
posted by
Kabu
on January 30, 2021 at 11:39 AM
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I know Hedge funds were involved with GameStop but there were a few other stocks too.
posted by
Goldiec
on January 30, 2021 at 7:36 AM
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FSI, I heard about what happened with GameStop on the stock market. I'm not sure of how it all works but I know it caused a lot of funds to lose money.
posted by
Goldiec
on January 30, 2021 at 7:34 AM
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Yes one can soon lose money on penny stocks. Over years the stock market does seem to rise, but it is a job to beat it.
posted by
C_C_T
on January 30, 2021 at 7:26 AM
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GameStop's stocks jumped then plummeted accordingly.
They spiked in just three days, but stocks can drop just as easily due to many factors. Shopping trends, technology, corporate shutdowns, and consumer necessity are key reasons for stocks to fluctuate. Bizrate is a great place to start if you want to purchase stock. Penny stocks are a safe bet if you want to start out small. Amazon and Netflix are good stock purchases right now. As for GameStop, with the COVID still lurking, gamers are at home more playing with their game systems. The company keeps up with the latest technology, making them one of the favorite stores for gamers. All three of my daughters and their spouses have the latest Playstations and a gazillion games.
GameStop stock plummets after platforms halt trading - CBS News
Best Stocks To Buy And Watch Now: 5 Top Stocks For January | Investor's Business Daily
posted by
Sherri_G
on January 30, 2021 at 7:14 AM
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