Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Bill and Melinda Gates’ divorce was a predictable market phenomenon and up for GameStop – let us explain

Bill and Melinda Gates’ divorce was a predictable market phenomenon and up for GameStop – let us explain

The end of Bill and Melinda Gates’ marriage is just the first in a billionaire’s divorce, and it’s all a bullshit for GameStop GME shares.

It’s just another Tuesday on social media for retail investors.

The news that Bill and Melinda Gates are divorcing surprised the whole world, but by Monday night, Reddit r / GME board members found a nearly 2-month post by Jobom3 linking a jump in GameStop’s stock to likely billionaire hedge funders and their wealthy investors to increase their short positions as part of a plan to prepare for their upcoming divorces.

On the morning of March 1

1, a Reddit post said more than 1 million GameStop shares had been put up for pre-sale, a signal that pro-GameStop “editors” interpreted as a signal for a new battle in the ongoing hedge fund conflict trying to forget GameStop in oblivion, and Joe’s regular investors want to prove that the video game dealer is fundamentally undervalued and should not be killed by wealthy Wall Street dealers who play a rigged game.

“Another 1 million shares borrowed from the ETF in the pre-sale period …,” the Reddit headline said this morning, displaying a screenshot showing the availability of GameStop shares from the ETFs on display.

Minutes later, Jobom3 prepared this theory: “I think they’re just buying time to secure their personal assets,” the commentary said. “Moving them offshore or divorcing their wives and putting the money in their name. Tricks like this. At least that’s what I would do. “

Although the comment did not receive much attention on March 11, it exploded late Monday after news of the Gates split fell and users asked to give Jobom3 credit for the bomb coming.

“WHAT ELSE DOES THE PROPHET KNOW,” a user replied late Monday night.

“Bill Gates and Melinda Gates are just the beginning ???” asked another.

“My man got all the endless stones,” added another.

These comments quickly became a clear case of the value of GameStop, with users uniting around the theory that the release of Bill Gates is a huge piece of data in support of Jobom3’s claim that at least some wealthy GameStop short sellers are struggling with the short press. as a cover to protect their assets from the possibility of a market implosion that would lead to an army of greedy future ex-spouses.

Unstable markets in the past have been poor indicators for hedge fund managers, and the vision of two of the world’s richest men, Gates and Jeff Bezos, announcing the end of long marriages in less than two years can be interpreted by those who wish to a trend that is still erupting.

But while linking the oncoming joy of white-shoe divorce lawyers to the performance of GameStop may seem difficult, it was easier than it may seem to GameStop’s Reddit Army.

“Maybe not directly to GME,” one user muses. “But [Bill Gates] there is probably money tied to hedge funds and other investments that decreases when they are all liquidated and the market collapses. “

Gates invests most of his family fortune through Cascade Investment LLC, one of the largest family offices in the world with assets of more than $ 50 billion and, according to regulatory declarations, invests primarily in high-capitalized stocks such as Deere & Co. DE,
+ 1.55%,,
Berkshire Hathaway BRK.B,
+ 0.39%
and the Canadian National Railway CNI,

While it’s hard to see any exposure to GameStop, direct or indirect, in Gates’ portfolio, stocks have an interesting day.

After falling more than 5%, GameStop bounced back in afternoon trading and fell just over 1%, entering the closing bell.

Source link