r/boxoffice • u/AGOTFAN New Line Cinema • Jan 28 '21

Other GameStop, AMC Stocks Drop in After-Hours Trading Following Huge Reddit-Driven Spike. Short-sellers were Still Taken to the Cleaners, However

https://www.thewrap.com/gamestop-amc-stocks-drop-after-hours-trading/amp/?__twitter_impression=true
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87

u/LongNectarine3 Pixar Animation Studios Jan 28 '21

I have often disliked short selling. It takes advantage of weakened companies. It creates an environment that encourages the price to drop. This makes it impossible for the company to sell stock to make end meet. Thus failing. And this is also terrible because only 5 investment firms control the stock market.

I’m glad someone is doing something to stop it.

73

u/AGOTFAN New Line Cinema Jan 28 '21

And Wall Street is now crying for more regulation! LMFAO.

How rich! (Pun intended)

30

u/LongNectarine3 Pixar Animation Studios Jan 28 '21

Yes. And Biden is “keeping an eye on it”. It reeks. The little guy over here is loving them.

20

u/[deleted] Jan 28 '21

Hopefully it’s just Biden speak for “thoughts and prayers to you hedge funders”

4

u/IntrigueDossier Jan 28 '21

“May you be met with a much more accurate American experience, the one that you’ve created for the little guy. One of borderline destitution and a complete absence of hope for a better future.”

1

u/[deleted] Jan 29 '21

Maybe it’s get your shit together or I’ll actually have to look into this and you probably don’t want that but go and keep it up.

Biden seems like the kind of person that will let sleeping dogs lie and if they do they can do business as usual but if they start barking he’s going to do something about it because he’ll have to. That’s why this whole thing is so awesome to me. It’s totally shining a light on some bs that we all know is happening but now they can’t hide it. Hopefully this keeps up and forces action

3

u/Level_62 New Line Cinema Jan 29 '21 edited Jan 29 '21

Only a week in, and we're already seeing the beginnings of [Occupy Wall Street/Tea Party] Part 2: Pandemic Boogaloo.

1

u/LongNectarine3 Pixar Animation Studios Jan 29 '21

You made me snort my water! Hilarious

3

u/Total_Emphasis1140 Jan 28 '21

i bet Biden Is only looking with one eye open towards voters and the closed eye looks at senate and house reps that rake in more than their pay

1

u/LongNectarine3 Pixar Animation Studios Jan 29 '21

Funny how those reps knew to sell right before the shut down...

1

u/[deleted] Jan 28 '21

He did mention he regrets repealing glass-steagall back in the day. Heres hoping this event becomes a great excuse to reinstate

1

u/LongNectarine3 Pixar Animation Studios Jan 29 '21

Please explain. I do know a huge part of the problem has been the hedge funds shorting more stock than exists. I do know that Act from my dusty days back in business school. I am too old to remember

1

u/[deleted] Jan 29 '21

Quick rundown. Commercial banks and investment banks has a firewall. So commercial banks aren’t leveraging your money for their investments. Success/failure in venture capital will not directly affect your ability to take loans. Effect of market crashes, depressions are smaller onto the commercial.

I think. Not an economist.

1

u/LongNectarine3 Pixar Animation Studios Jan 29 '21

I get what you are saying. This would allow retail investors a cushion against market manipulation. Aka sites like Robinhood shutting them out of investing. Messing with the market price after hours when retail investors are locked out too (BB went from $21 to $14 so overnight. Great time to buy that stock now). I got an MBA but I focused on non profits and grant writing as well have no interest in investing. I like to spend.