Originally Posted by
Zan15
That is what is unique about this, most of the people I see in that forum have nothing left to lose. But that is what it takes to run this kind of scheme, desperation
They are betting whatever is left.
People taking the 600 dollar stimulus and betting it on GME instead of paying the rent/food/power bill.
The reality is that this stock will go back down to its expected range. You have one half of the owners making a shit ton of money and you will have the other half losing their shirts when it tanks. It will all even out in the end.
Its just changing hands from one group of individuals to the next.
Once the cork pops the money will plow back in to short the stock back down to the single digits/teens.
Making back a lot of what was lost.
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and they are required to disclose that during their TV appearance and they do, at least on all the channels i watch.
Even Cramer has to publicly list all his stock ownership and even the ones in the charity he is part of, just so he does not go and get fined by the SEC
And it does not matter if they have no investment yet.
They cannot get together and plan future moves into a security/stock/etc as a group. That is collusion and manipulation violations. There are more specific terms but those are the easiest ones to understand.