Sunday, January 31, 2021

"GameStop Short Squeeze Explained - Jeff Carlson: Why Govt Shouldn’t Step In - Epoch Times"

"Insider Intel: I work for a bank whose name I won’t disclose. You fools. You have no idea what you’re doing."
The sanctimonius hypocrisy is astounding, 
considering this is what THEY do every day, all day long!
"Stipendium peccati mors est..."
"GameStop Short Squeeze Explained - Jeff Carlson:
 Why Govt Shouldn’t Step In - Epoch Times"
by Jan Jekielek

"Recently, small investors organized online to buy large amounts of GameStop stock and caused billions in losses to Wall Street hedge funds looking to short that stock and benefit from its declining price. GameStop had been sinking for years. But in January of this year, prices soared to over $300 a share. On January 28, the online stock trading platform, Robinhood, suspended all GameStop buying activities, crashing the price. Investors accused Robinhood of manipulating the market in favor of hedge funds, and a class-action lawsuit was filed. But this is just the surface. To understand what’s really going on, we sit down with Epoch Times contributor Jeff Carlson. He’s worked for 20 years as an analyst and portfolio manager in the high yield bond market. At the center of the Gamestop controversy is one key question: who gets to decide the value of a company?"
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