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Los del Financial Times ya han pasado directamente al insulto:
www.ft.com
The idiot in all this is not Roaring Kitty, whose previous escapades took him all the way to a congressional hearing on how the surge of GameStop buying interest borked a crucial part of the markets’ plumbing. (Partly as a result of this, three years later, the trade-processing cycle on US securities is about to be slashed down to one day. Kudos to the guy — he has helped spur a change that ended up costing institutional investors all over the world millions of dollars in modernising their operations.).
Nor are the idiots his legions of fans who leapt on the prodigal son’s bandwagon, although they are playing with fire. “This is gambling. It’s rat poison,” said Cole Smead of Smead Capital Management, a value-oriented US fund manager. True to form, most, but not all of those gains in the stock, have evaporated within just a few days.
It is not even the preening Andrew Tate — a man most famous for Romanian charges of people trafficking and for converting a generation of very online teenage boys to the joys of toxic masculinity. Tate tweeted that he had sold his $500,000 holding in bitcoin to buy GameStop shares, and that he would hold on to them until his last breath as an act of defiance against the establishment. Rarely, if ever, have I been so keen to see the price of bitcoin rise. “Buy GameStop and f*** the matrix,” his X bio now reads. “Women have no interest in the GameStop saga because women don’t want to f*** the system,” he asserts. I just don’t think that’s the reason, Andrew.
Nope, the true fools here are the professionals. One of the many facets of the previous GameStop saga that made it so entertaining was the fact that the online army of often uninformed retail investors managed to push the company’s shares so high, and so fast, that hedge funds betting against them lost their shirts. Chief among them, Melvin Capital — run by someone previously described to me as a genius — ended up shutting its funds. It was an epic fail.
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New GameStop saga reveals true fools in markets
Return of the Roaring Kitty to the internet sparks a revival of meme-stock madness