Organized Small Investors Plan to Crush Hedge Funds by Buying GameStop Stock

WOW. Here we have a group of pretty much anonymous to each other investors betting against the market and winning. Winning so much that the short-seller affected had to get a bailout or take the 3 billion dollar loss.

According to Epoch Times,

Around mid-January, the price started to go up rapidly to more than $30 on Jan. 13 and over $40 on Jan. 21. By the next day, Melvin was down nearly 30 percent, and needed Citadel and Point72 Asset Management to shore it up with a nearly $3 billion investment, The Wall Street Journal reported on Jan. 25. By that time, GameStop was up to more than $75.

Now we are hearing the the brokerage industry is curtailing the buying of stock by these small investors. See this notice from Schwab,

Limits on certain transactions

In the interest of helping to reduce risk due to recent market volatility, we’ve put in place restrictions on certain securities. These restrictions may include increasing margin requirements or limiting certain types of transactions.

Once again the small investor is precluded from harvesting the returns as the big boys and big tech step in to thwart their actions.

Looks more and more like it is time to return to real money.