That is probably true. Nevertheless this is America where everyone is suing their mother. So as a HF lawyer I could make an argument that a famous person can move (aka manipulate) the market just by disclosing positions. And that is true in the case of RK. Now if he actually traded (maybe not) against those statements and movements, that could count as market manipulation.
4th largest shareholder of GME: Roaring Kitty
- Thread starter Pekelo
- Start date
That is probably true. Nevertheless this is America where everyone is suing their mother. So as a HF lawyer I could make an argument that a famous person can move (aka manipulate) the market just by disclosing positions. And that is true in the case of RK. Now if he actually traded (maybe not) against those statements and movements, that could count as market manipulation.
Sir, you are an imbecile and after this response I will put you on Ignore.
Let's see:
1. Industrial usage.
2. It is shiny and pretty. Indians and rappers LOVE it.
3. You can use a gold bar as a door stop or letter weight.
4. I could hit you on the head with a gold hammer, just to make you smarter.
5. It has the unique metal property of easy to shape but non-rusting.
6. etc. etc.
For fuck's sake, get a middle school education at least.
Let's see:
1. Industrial usage.
2. It is shiny and pretty. Indians and rappers LOVE it.
3. You can use a gold bar as a door stop or letter weight.
4. I could hit you on the head with a gold hammer, just to make you smarter.
5. It has the unique metal property of easy to shape but non-rusting.
6. etc. etc.
For fuck's sake, get a middle school education at least.
Anyhow, let's get back to our memeboy, GME:
"The intrinsic value of one GME stock under the base case scenario is 9.57 USD. Compared to the current market price of 28.7 USD, GameStop Corp is overvalued by 67%."
https://www.alphaspread.com/security/nyse/gme/summary
On 4.9B revenue, the net income was miniscule, 25 mm.
"The intrinsic value of one GME stock under the base case scenario is 9.57 USD. Compared to the current market price of 28.7 USD, GameStop Corp is overvalued by 67%."
https://www.alphaspread.com/security/nyse/gme/summary
On 4.9B revenue, the net income was miniscule, 25 mm.
Assuming that's really what he did.
It's another fucking brainwashed cult, just like Bitcoin fanatics.
Wait...how much are you paying for the contracts though lol.
The only VALUE comes from it's scarcity otherwise it's no different than copper.
For the required overnight holding through the period, ~$390,000. I told him before...You need a lot of money to make a lot of money in the futures biz.
That's ridiculous. Futures suck.
Is forex any better? What's the equivalent position? A 1 lot AUDCAD overnight swap fee for a long is $128 for 30 days.
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I think it helps having a wife who was earning $1.50 million a year at GSCO before the GME saga?