TSX:REI.UN - Post by User
Comment by
Shirtlessnomoreon Jan 29, 2021 4:50pm
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Post# 32425910
RE:RE:market is crashing again
RE:RE:market is crashing againI dont think the market activity has anything to do with hedge funds selling, I think it has everything to do with retail selling to get on board this train that will see alot of retailers get screwed, it would not surprise me if those who started this pump have already dumped, in fact most likely a couple rinse and repeats, retail cant keep the price up, too much greed with retailers, the days high was lower today then yesterday, that trend will likely continue. All Jmo, There is a major flaw in this movement GREED, billions will be lost by hedge funds and retail while dragging the market down in the interim BUT there are some damn good deals because of it, that's been my focus.
Tommy123 wrote: thenewsnake wrote:
tommy123 called it. bullsH!t man
Yup. It's all this nonsense about GME et al. I have a feeling that hedge funds might panic next week when this movement starts getting more organized, as they'll have a lot of losses to cover.
I've heard talk of giving every GME shareholder $1,000 for each share to go away from the US Treasury, and freezing trading on any stock that trends on Reddit. I am actually really worried about this completely destabiilizing the market, and I think most people should be.
That being said, I guess we're overdue for a 20% correction, so this shouldn't be unexpected (though the circumstances are).