RE:RE:Sorry GME Reddit gamblersShamrock58 wrote: First off I am not a "reddit trader" but I did follow what went on. While the wild speculation that enticed a lot of retail buyers that would not have played the stock market was partly to blame for the huge losses they have, you missed in your rant that they got screwed out of thousands by security laws being broken by Robin Hood. The "blame does not fall entirely on their shoulders.
Robinhood prevented users from buying (not selling), so in theory they reduced their loss as buying GME above $15 is pure speculation. The stock is at $50... anyone that would have bought when it was $300 and restricted would have lost 80% of their money.
No retail buyer should have ever touched this stock once it was over $15-20, from there it was pure trading... Pure trading means that in the end, money just changes hands, there's no real net gain. So for every winner, there's a loser. Anyone that's not a pro trader had very little chances of profiting once this got launched in a pure pump and dump fashion.