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This makes no sense. The hedge funds that cover their shorts are the ones taking the fall; entering a short at $20 and exiting at $300 is the fall.
by daniel-thompson 6y ago
This makes no sense. The hedge funds that cover their shorts are the ones taking the fall; entering a short at $20 and exiting at $300 is the fall.
- throw_nbvc1234 6y agoAren't there going to be multiple falls here. The one you mentioned and when the stock falls back to its "real" value?
- bostonsre 6y agoGamestop isn't going to stay at $300. You seriously don't think its going to crash back down to reality? The only ones still in the stock during the fall will be retail investors. So yes, the hedgefunds were hurt, but there will be a lot of pain for the retail investors that jumped on the bandwagon too late and don't get out soon enough.
- maest 6y agoTrading stocks is not a zero-sum game, at least not in the way implied here.