10/9/2023 0 Comments Make a reddit video playerEconomist John Maynard Keynes once said, “the markets can remain irrational longer than you can remain solvent.” ![]() Who is right about the value of GameStop? So far, GameStop shares have surged so much (they started the year at $17 and are at around $270 as of midday Wednesday) that it’s put these hedge funds into extreme financial distress as the losses mount. An investor in that situation can also decide to cut their losses, and simply buy the stock for $15 and return it, closing out their position realizing a $5 loss in the process. If it went from $10 to $15, say, the broker you borrowed from might want to make sure you’re able to pay it back and ask for collateral, a “margin call.” That’s what’s happened with GameStop. ![]() ![]() But what if it goes up? That’s what happened here.
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