on Tuesday morning, billionaire investor Mark Cuban expressed gratitude to the members of the WallStreetBets Reddit forum.In the past week, amateur traders on WallStreetBets have driven up the value of several stocks, including GameStop and AMC Theaters, that some hedge funds bet heavily against. The resulting short-squeeze caused trading restrictions on the popular trading app Robinhood and uproar on social media.
"If you can afford to hold the stock, you hold," he said."I don't own it, but that's what I would do. Why ? Because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work." "When you load back up," he continued,"[find] a broker with TRILLIONS OF DOLLARS in assets on their balance sheet."and Cuban's comments come against a backdrop of market uncertainty.
since last week, but trading restrictions are still in effect, although they have been slowly loosened on GameStop.against Robinhood. Cuban, when asked about the odds of success of the suits, was not particularly optimistic about their ability to make change.
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CUBAN SAID TO BUY AGAIN. MEDIA WANTS US TO THINK IT'S OVER. THEY'RE FUCKING US ALL.
Baby it ain’t over until it’s over
THEY LEAVE OUT THAT HE SAID HE'D HOLD AND BUY AGAIN.
mcuban said it best Mistakes will be made until we know why the market moves You said it best Supply and demand
It's just speculators who are sucking naive wannabes into flash mobs.GME was an easy mark because 110% of shares outstanding were shorted - perfect for a short squeeze. But most did not cash out anywhere near the top so the big gains are only for the few who were in early.
Nice to see the big boys on our side. 🚀🚀🚀
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