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They already have. They closed their position and got a cash infusion from other investment firms. They will move on and be fine. Meanwhile aside from a handful
by tootie 6y ago
They already have. They closed their position and got a cash infusion from other investment firms. They will move on and be fine. Meanwhile aside from a handful of savvy players, WSB is going to leave a wake of people losing their nest eggs.
- Rapzid 6y agoAh, interesting. I guess it just got to be too much for them. I just see a wake of losers all around from. Melvin's Hedge Fund? There are people and their portfolios behind that taking a hit. Few people got in early and are seeing multiples in returns. Now they are on WSB "Now is the time to rebuy, GME to 1000$, GME to the moon!!!" because they needs loads of suckers to throw in late to keep propping the price up. But the later comers are going to lose their shirts. The whole "Robin Hood" narrative is weird. Let's call a spade a spade; a few people are going to get rich at the expense of a lot of individuals over these shenanigans.
- tootie 6y agoI was thinking the same, but GME is up 114% today. Anyone who bought on the hype chain yesterday just made a killing.
- Rapzid 6y agoIf they sold. But if everybody were selling it wouldn't go up. It's when it goes down that people lose their shirt. Too hot to make big money off ATM IMHO. 114% is nothing considering the risk.
- pwinnski 6y agoThey claim to have closed their position, but haven't had to demonstrate that. On the one hand, closing their position would have been the smart thing to do. On the other hand, claiming to have closed your position (but not having done it) would have been a smart thing to do, and cheaper if people believed it. r/WSB does not seem to believe it. I believe we should know for sure one way or the other by Saturday, but I could be wrong about that.