Not going to miss out on that : Houston investors cash in on GameStop stock By Marcy de Luna, Staff writer
Saif Maknojia, the owner of a Houston rooftop company, bought 100 shares of the videogame retailer GameStop Tuesday. He sold it Friday and tripled his money.
Popular Searches
His investment strategy, however, had nothing to do with profit, loss or sales. It was all about putting it to the man.
“For a while now, big hedge funds and banks have been shorting companies that are going under,” said Maknojia, 24, owner of Origin Roofing & Metal. “Profiting off of people’s losses, especially during the pandemic, it is upsetting when you see these companies going out of business. You want to get back at them.”