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  1. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    borrowing rates dropped to 8.9%, it’s not squeezing again, it’s over, throwing good money after bad now.
  2. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    it’s a crap stock no doubt, but it was trading at $25 before it was shorted, and the nature of that forum is that they take risky bets, and they bet on the price rising and got lucky, that’s the original guys that bought in a while ago not the recent ones
  3. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    You missed a 4th, guys that bought 12-18mths ago because they saw a company trading at $3 and with a change of management thought there might be some long term value, took a punt, got lucky with the later pile on, and have since cashed out.
  4. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    the short interest is much the same, but they would’ve closed out earlier positions and re shorted at the high, the price spike was triggered by hedge funds closing out earlier short positions, then Elon musk tweets about it and a pile on drove it higher. The original redditers weren’t onto it...
  5. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    The redditers are not manipulating the market, this stock has been shorted over the last two months and the bulk of the purchases have been made over that time, they’re simply topping up their position, taking a long position isn’t market manipulation. The hedge funds have done this to...
  6. Chameleon75

    Reddit, u/wallstreetbets & GameStop: market manipulation is OK if you’re rich

    David vs Goliath, pity it’s not true though. Yes a bunch of small investors saw the short and that the hedge funds were over exposed. But their small trades aren’t shifting the market at least initially, since then a lot have jumped onboard though. The early trades were small amounts in the...
  7. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    having governments or corporations decide what is appropriate discourse is very dangerous. Censorship and having an “official” truth is not the way to go. Imagine back when the case for the Iraq war was being made, those claiming the wmd intelligence was bullshit would’ve found their posts...
  8. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    I think it was quite clear what you were implying.
  9. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    she’s asking people to keep receipts. Using past statements from people against them is politics 101. Somehow you’ve jumped to purges, talk about jumping the shark.
  10. Chameleon75

    Putin to step down in 2021 - Parkinson’s disease.

    thought he was out of favour
  11. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    Asking Twitter for help, put a fork in him.
  12. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    there’s very fine people on both sides
  13. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    there’s animosity between the bush’s and trump, they backed Clinton last time round.
  14. Chameleon75

    US Election 2020: President Elect Biden and VP Elect Harris

    stats put up on the abc coverage were that out of republican voters 79% voted for trump, 21% against Biden, out of democrat voters 49% voted for Biden, 51% against trump. That’s reflected in the down ballot voting. If the Democrats don’t start to address the conditions ordinary people live in...