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Message Subject
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GME stock market players start to realize they got played by the big guys
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Anonymous Coward |
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have the hedge funds been chastised enough? what is the plan, have them make such huge profits they can't afford to pay all the tax then get them for tax evasion?? This hedge fund made $700M on GameStopRichard Mashaal and Brian Gonick started buying GameStop Corp. shares in September. They aren't Reddit day traders or Discord users. They are hedge-fund managers in New York. And when the stock surged from less than $10 a share to above $400 and the dust had settled, they were sitting on a profit of nearly $700 million, one of the great fortunes of the January market mania. The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals -- and few have made more money than Senvest Management LLC, Messrs. Mashaal's and Gonick's firm. [ link to www.foxbusiness.com (secure)]
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