How is shorting a stock "intentionally devaluing" a company?

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Feb 1, 2021
8:58:50am

cougarmeister All-American

How is shorting a stock "intentionally devaluing" a company?

GME's business model is selling physical discs (which are an old, dying technology) from retail stores in malls (which have been dying for years). Seems like the company didn't have much of a future no matter what the hedge funds do.

I haven't read much about GME specifically, help me understand if I'm missing something?

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cougarmeister

Bio page: cougarmeister
Joined: Oct 8, 2007
Last login: Jun 30, 2024
Total posts: 19,974 (2,354 FO)

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Messages

Author

Time

I’m gonna come out and say it... y’all are just as bad as the looters last year

Revolution

2/1/21 8:46am

RE: I’m gonna come out and say it... y’all are just as bad as the looters last year

letthewookieewin

2/1/21 8:47am

RE: I’m gonna come out and say it... y’all are just as bad as the looters last year

byuluvr

2/1/21 8:47am

Congrats on one of the worst takes ever on CB. Comparing retail investors to the looters.

byuluvr

2/1/21 8:48am

RE: I’m gonna come out and say it... y’all are just as bad as the

WP17

2/1/21 8:49am

Board name doesn't check out

BYUFootballisBack

2/1/21 8:49am

Hedge funds have manipulated billions of dollars from us and you're going to

The Old Y

2/1/21 8:49am

Ahh... vigilante justice.

Revolution

2/1/21 8:55am

Nah. Just getting some of my money back. Sorry you missed the dip! GME 🚀🚀🚀🚀

The Old Y

2/1/21 8:56am

Vigilante justice is illegal. Buying a stock is legal.

2/1/21 8:57am

Just because it’s (currently) legal doesn’t mean it’s right.

Revolution

2/1/21 9:04am

Just because it doesn't feel right to you doesn't make it wrong.

fldnstrm

2/1/21 9:06am

We like the Stock!

The Old Y

2/1/21 9:08am

Very naive

WDaddy

2/1/21 9:14am

I’m afraid you’re naive that this isn’t going to have drastic repercussions.

Revolution

2/1/21 9:38am

Drastic repercussions...such as?

WDaddy

2/1/21 10:04am

Drastic Repercussion: Hedges stop over-shorting companies, market goes up

The Old Y

2/1/21 10:08am

Like how it’s currently legal for hedge funds to short a stock and essentially drive a company into the ground?

2/1/21 9:16am

Currently? You anticipate stock purchasing becoming illegal?

Loafer

2/1/21 9:31am

Vigilante justice would require them not following the legal means of...

Eddie

2/1/21 9:25am

Is it right for hedge funds to intentionally devalue a company to the point of

Star-Lord

2/1/21 8:49am

How is shorting a stock "intentionally devaluing" a company?

2/1/21 8:58am

If you haven’t read much on it and admit as such, maybe you shouldn’t then

Star-Lord

2/1/21 9:00am

Are you saying cougarmeister and revolution are the same person?

dratax

2/1/21 9:30am

You’re right. I didn’t catch that it was a different poster.

Star-Lord

2/1/21 9:34am

When you promise to give out more shares of stock than actually exist dont you

2/1/21 9:02am

Apologies to cougarmeister for the confusion I had in my post above.

Star-Lord

2/1/21 10:14am

That being said, Gamestop is one of the worst places in america to work.

rtNelson

2/1/21 9:19am

Hard to decide which or your current takes is worse this one today or this...

Grit for Brains

2/1/21 8:50am

Looting is illegal. Trading on the stock market isn't.

WDaddy

2/1/21 8:51am

don't worry, hedge funds are insured.

Cougarclaw

2/1/21 8:51am

If we're being strictly honest, what's been going on with GME probably isn't the

shoganai

2/1/21 8:53am

RE: If we're being strictly honest, what's been going on with GME probably isn't

WDaddy

2/1/21 8:56am

Agreed, ꓘomrad. The government needs to step in and do more.

HuskerFan2

2/1/21 8:54am

I'm with you..I hate when billionaires lose.

ordinary tri guy

2/1/21 8:56am

RE: I’m gonna come out and say it... y’all are just as bad as the

Roko's Basilisk

2/1/21 8:59am

Boardname does not check out.

byubyu

2/1/21 9:01am

Excuse me while I open the champagne, light a cigar, and cry about the injustice

vagabonder

2/1/21 9:02am

RE: I’m gonna come out and say it... y’all are just as bad as the

CougarTailDevourer

2/1/21 9:03am

True. Few on here see this as amoral. Many are entrenched that they deserve to

Revolution

2/1/21 9:09am

Did you have this same energy in 2008?

Bluedarts

2/2/21 12:21am

Few? Actually, just one. You. Because you're wrong about this.

The Old Y

2/2/21 7:57am

If you want to compare them to riverboat gamblers, sure. I can see that.

Eddie

2/1/21 9:21am

I hope this was sarcasm.

Fargo

2/1/21 9:57am

What's not right is they way hedge funds game the system that they profit from.

TailgateU

2/1/21 10:49am

It's gambling, it isn't theft. If someone wins the lottery are they an immoral

califcougar

2/1/21 10:51am

RE: I’m gonna come out and say it... y’all are just as bad as the

Bluedarts

2/2/21 12:18am

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