2 ms·
to me it looks like a virtual "Occupy WallStreet". To scare and make squeal the fat hedge funds shorts. Kind of fun. It wouldn't last for long, though the short
by trhway 6y ago
to me it looks like a virtual "Occupy WallStreet". To scare and make squeal the fat hedge funds shorts. Kind of fun. It wouldn't last for long, though the shorts will probably be looking over their shoulders for years to come. The movement's rank-and-file will probably get hurt while the leaders will probably do fine. "Investing" is just not an applicable term here - i mean you aren't investing buying a ticket for rollercoaster ride, you're buying fun and amusement. Or a chance to make your voice and discontent heard. At least that is what seems to be sold to the rank-and-file.
Old school view here would probably see classic "pump-and-dump" by the few "leaders" who incited that frenzy. SEC though seems to lag far behind in understanding and dealing with the power of social media.
(Anyway, thanks for the surprisingly nice AMC ride, i happened to have a bit in a gamble that they would survive the lockdown. )