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Krulo

@krulo2008

Accounting student | Exploring AI

เข้าร่วม Eylül 2023
16 กำลังติดตาม8 ผู้ติดตาม
Krulo
Krulo@krulo2008·
Quantum will be able to do some crazy stuff, i’m curious what kind of future it will be Kind of scary…
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Krulo
Krulo@krulo2008·
@_toj27 Alright then, but any Quantum companies that you would recommend?
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Toj
Toj@_toj27·
@krulo2008 I see you're an accounting student so a recommendation for you would be to take your time to understand an investment before chucking money at it
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Krulo
Krulo@krulo2008·
I’m thinking to buy some Quantum stocks, because that’s definitely the future (unless it’s a bubble) 📈📉 Any recommendations?
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Krulo
Krulo@krulo2008·
@grewbrew What is the reason for choosing exactly this company
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Krulo
Krulo@krulo2008·
@keokanden Why ? If they do don’t even do anything with Quantum
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Krulo
Krulo@krulo2008·
The movie is so good 🍿 🎥
Jeremy@Jeremybtc

A financial analyst turned $53,000 into $48 MILLION posting stock tips on Reddit from his basement. He nearly broke Wall Street doing it. > In September 2019, Keith Gill was a 34 year old financial analyst at MassMutual earning a regular salary. > Under the username DeepFuckingValue on Reddit and Roaring Kitty on YouTube, he posted a screenshot of a $53,000 bet on GameStop. > A dying video game retailer that Wall Street had been shorting into the ground. > Gill had spotted something. Hedge funds had borrowed and sold 140% of GameStop’s available shares. > Mathematically impossible to cover without buying every share back at any price. > For over a year, he was ignored. His posts were downvoted and mocked. > Then in January 2021, Reddit’s WallStreetBets forum discovered his position and started buying. > GameStop went from $4 to $483 in three weeks. The short sellers were trapped. Every dollar the stock went up cost them more money. > Melvin Capital lost 53% of its fund in one month and had to be bailed out with $2.75 BILLION. It shut down completely in 2022. > Total hedge fund losses exceeded $20 BILLION. > Roaring Kitty was streaming the entire thing live on YouTube from his basement, wearing a red bandana, drinking from a cat mug. > By January 27 his $53,000 was worth $48 MILLION. > Then Robinhood froze the buy button. The sell button still worked. The stock crashed within hours. > Robinhood’s biggest customer was Citadel. Citadel had just bailed out Melvin Capital the same week. > Congress called emergency hearings and subpoenaed Gill to testify. His entire opening line was five words. “I like the stock.” > Hollywood made a movie about him called Dumb Money. Netflix made a documentary called Eat the Rich. > He disappeared from the internet for three years. > He returned in May 2024 with a single meme posted on X. GameStop pumped 50% on the news he was back. > Days later he revealed he had quietly built a 5 million share GameStop position worth $180 MILLION during his silence. > His net worth peaked at $289 MILLION. > A guy in a basement saw what every hedge fund analyst on Wall Street had missed. > He posted it for free on Reddit. The system that called him an idiot ended up rewriting its own rules to stop him.

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