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| Don Surber: The GameStop uprising goes global |
| 2021-01-30 |
| Here comes the Sun do-da, do, do. The Justin Sun, that is. He is a purported tech billionaire in Xining, Red China. He tweeted his plan to buy more GameStop stock as small investors continue their attempt to shortchange the hedge funds that shorted the stock. His tweet said, "$1 Mil doesn’t seem enough, I’ll be buying $10 Mil $GME [GameStop stock] instead tonight from Asia when market opens! It’s time to unite & squeeze out those greedy hedge funds! Wallstreetbets, 4 billion Asian community & 20 mil $TRX community supports u! Let’s do this!" Now we have to be cautious here. Never trust Red China and you don't get to be a billionaire in Red China without kissing Chairman Xi's ring. Sun may buy the stock. He may not. This may be Red China trying some stock manipulation. But Sun may just be trying to ruin the hedge funders, in which he arrived Justin time. I do not care that these vultures are American. The narrative is that someone on a Reddit's Wallstreetbets subreddit (chat room) told people he was buying GameStop stock in September. The price of the stock had doubled since that January, even though the company is a bricks-and-mortar merchant of video games that people now get online. Its move to online retail is on. Given its brand name, that may help. More at the link |
| Posted by:badanov |
| #1 S/b pretty easy for the ChiComs to compromise and f--- up our financial titans through market manipulation. Pushing on an open door. Yet more evidence of how globalism is this country's greatest enemy |
| Posted by: Blossom Bumble7174 2021-01-30 06:15 |