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The Something Awful Forums > Discussion > Video Games > Stonks: Shortin' The Hedgefund
 
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Pierson
Oct 31, 2004



College Slice

sigher posted:

I've heard that some have dumped their whole life savings into this and come out millionaires. I know gently caress-all about stocks and the market, but that owns for anyone that came out on top. Is there any downside for them?
The stock is massively overvalued at this point so the big risk for wallstreetbets/retail investors (i.e. us schlubs) is that eventually it will have been pumped as much as it can be and then this circus will end. At that point the stock will almost certainly plummet since Gamestop isn't actually in a great place and if you bought at the wrong time or waited too long to sell you will lose it all.

The good news is since you just bought it normally and didn't sell at the right time all you can lose is your initial investment! Good job you didn't short it when it was cheap and lose billions! Hahahahahahahaaaaaaa!

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The Something Awful Forums > Discussion > Video Games > Stonks: Shortin' The Hedgefund