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A comment on Robinhood, Trading 212 and others go down amid AMC and GameStop stock frenzy. Parent comment

Re:Robinhood, Trading 212 and others go down amid AMC and Ga... by TameAntelope on Wednesday January 27, 2021 @10:59AM (#25929826)
WSB certainly has the narrative locked up, but that doesn't actually mean anything when it comes to who is walking away with fatter wallets.

There is zero percent chance that this is actually playing out the way WSB is claiming it's playing out.

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Re:Robinhood, Trading 212 and others go down amid AMC and Ga... by allie1 on Wednesday January 27, 2021 @11:11AM (#25929976)
>There is zero percent chance that this is actually playing out the way WSB is claiming it's playing out.

What makes you say that? Any idea of what is happening?

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Re:Robinhood, Trading 212 and others go down amid AMC and Ga... by TameAntelope on Wednesday January 27, 2021 @11:24AM (#25930154)
Basically, because they're not wrong on the facts, and they're far from the first to realize that.

There's a decent not-meme-based story around GameStop's turnaround, and a number of actual investment firms saw it weeks before they did. Investment firms are betting against each other, as per usual.

Also, now that GameStop has all this extra value, they can actually improve, so the not-meme-based story becomes even more compelling.

[ Parent | on HN ]