but also okay isn't it a straightforwardly good idea to *short* gamestop rn or am i missing something? i don't know anything about how this works
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how the crap do you guys all know so much about the stock market did i miss this class in college or what
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the main thing i know about stonks is that when elon tweets about a meme stock it goes up
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apparently this is a pretty good thing to know about stonks lmao
(elon tweeted about clubhouse)
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this is what happens when i try to think about stocks without properly internalizing that markets close over the weekend hmm
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i am a double idiot that’s not even clubhouse, clubhouse hasn’t IPO’d yet 😅
some kinda... chinese company based in las vegas?
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it offends me that making money this way involves keeping up with news about tech companies
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Replying to
Only if you are sitting on a large pile of cash, because although it's guaranteed to go down eventually it will likely go up *by an unknown amount* first and you need to be able to keep feeding cash in to cover that.
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A stock price can't go to less than zero (oil futures are a different story). That limits the potential loss of a long position and if the company stays in business you can wait for later. Losses from a short can be arbitrarily large and you can be forced to exit at a bad time.
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