News for hackers. Stuff that matters.

A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by na85 on Wednesday January 27, 2021 @07:17PM (#25936206)
It didn't start as a pump and dump. It started last year with a guy who invested progressively more because he felt it was undervalued based on fundamentals.

Whether or not Elon's tweet brought in a bunch of people who want it to be a pump and dump is another story.

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by shrimpx on Wednesday January 27, 2021 @09:36PM (#25937419)
The scheme was already well underway when Elon tweeted.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by na85 on Wednesday January 27, 2021 @09:49PM (#25937524)
I mean it's a bunch of people memeing on a stock. To call it a scheme isn't really accurate.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by shrimpx on Thursday January 28, 2021 @01:34AM (#25938905)
True. But it’s more than memeing a stock. They’re doing it knowing that these hedge funds will have to gobble up stock to close their shorts.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by wolverine876 on Wednesday January 27, 2021 @08:26PM (#25936881)
What was Elon's tweet? I don't really follow these things, sorry.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by dorkwood on Wednesday January 27, 2021 @08:45PM (#25937034)
He tweeted "Gamestonk!!"
[ Parent | on HN ]