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Gamestop Shares

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    Posted: 31/January/2021 at 10:57
https://www.theguardian.com/commentisfree/2021/jan/31/market-is-rigged-in-favour-of-rich-as-gamestop-fiasco-reveals



This story the past week will make a Wolf Of Wall Street style movie in years to come. The short story is rich billionaire hedge fund guys borrowed shares in Gamestop expecting to make a quick bit of cash. Members WSB on Reddit noticed this so started buying in Gamestop to make it harder for the rich guys to get hold of the shares to give back what they borrowed. If the little people don't sell their shares the rich people panic because they pay interest and they have already been bailed out in the billions this week.

I bought a share on Friday and it cost me around £244. It went around the same price most of the day with hedge fund guys trying to keep the price level to bore people into selling shares they can buy. Then the price dropped loads but people didn't panic buy they just bought more at the lower price and it ended the day around the same amount it started. This isn't about money. Buying shares is risky and the share might be worth nothing but reading the link above when the market opens half 2 tomorrow UK time they expect next week for a share to reach a grand.
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