Yellen Gets Ethics Waiver to Lead Meeting on GameStop Insanity After Taking $810K From Citadel
Thay guy got booted from wsbs like 2 years ago
Shes like 80 years oldYellen Gets Ethics Waiver to Lead Meeting on GameStop Insanity After Taking $810K From Citadel
She barely knows what day of the week it is tbqh
WSB idiots still saying hold the line
god I’m such a pussy, should have bought April 21 puts instead of Jan 22 puts. Would have been able to buy like twice as much for the same money and they’d have more than enough time.
these people sound like q s
https://www.reddit.com/r/wallstreetb...and_are_still/
Well they do admit they're re s
I do feel for those guys. Especially those who fomo'd their entire portfolios into the hype train.
But I repurchased at 103 and I'm not selling. Worst case, it turns out to be a long hold but I can be patient and it's literally money that I got from the stock itself.
i feel bad that they got conned by the "take on the billionaires" bull they were being fed... but thats also on them for not having the right about of skepticism
went back to look into this, because this claim always stuck out as the one actual allegation of legitimate wrongdoing... but turns out the reporter just had bad info. blames the "confusing web" of robinhood policies
As GameStop stock crumbles, newbie traders reckon with heavy losses
The Reddit forum that helped kick off the frenzy has given way to anxiety, financial bloodshed and infighting
the online horde that had raced to invest in the “meme stock” scrambled to reckon with the financial bloodshed,
wavering between a desire to sell and settle for heavy losses or
stick with their online peers who had admonished them to “hold the line.”
But others expressed deep turmoil, posting screenshots from their online banks and brokerages to the forum that, in some cases, showed
hundreds of thousands of dollars vanishing in a matter of hours.
https://www.washingtonpost.com/technology/2021/02/02/gamestop-stock-plunge-losers
The hedge funds are still thriving, Wall St is richer than ever, and the little guys are taking it up the pooper while putting a shotgun in their mouths. It was never going to end any other way.
The little guys decided to pay 10x more for a stock than it was worth. That’s not on Wall Street/hedge funds, it’s a case of play stupid games, win stupid prizes.
Pawns in a battle between billionaires.
the entire media frenzy in those first couple of days was irresponsible
Made a killing in GameStop?
Now comes the tax bomb
POINTS
- GameStop’s stock price grew more than 1,700% since the start of the year through Wednesday’s close, to almost $348 a share.
- The federal government and most states tax investment returns.
- The wealthiest Americans may forfeit almost a quarter of their earnings to federal capital gains taxes, and more than 40% in some cases. Some low earners may pay nothing at all.
For example, the wealthiest Americans pay a 23.8% top tax rate on these stock returns (a 20% capital gains tax plus a 3.8% Medicare surtax on investment income). However, they pay a 37% top rate on wages.
Low and middle earners may pay a smaller share — 15% or possibly nothing at all, depending on their annual taxable income.
the bite would be larger for those who sell stock after just a brief ownership.
They would pay short-term capital gains rates, which apply for investors who sell a stock after a year or less.
They are the same as one’s personal income tax rates.
Uncle Sam would take 40.8% of the wealthiest investors’ GameStop earnings in this case, instead of 23.8%.
(This includes a 37% top income tax rate and a 3.8% Medicare surtax.)
Most states tax capital gains as ordinary income — meaning long-term investors don’t get a favorable tax rate.
https://www.cnbc.com/2021/01/28/made...-tax-bomb.html
Bend over. I'll give you a short squeeze.
nice self ownage there
Looks like they're trying the pump part deux
Hopefully the proper squeeze this time. I'm ready for some tendies.
A long hold that you get a nickel or worse on the dollar is worst case, tbh.
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