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Sadly, those piling on are much more likely to have their shirts lost than the short sellers who will take a loss and move on. When it crashes, it will be the R
by jariel 6y ago
Sadly, those piling on are much more likely to have their shirts lost than the short sellers who will take a loss and move on. When it crashes, it will be the RobinHooders left holding the bag and many of them stand to lose a lot to make a point, possibly much more than they thought.
I'm not happy that Musk is getting in on this, egging on crowds to take risks that might have material risks on their lives. He stands to lose nothing.
Finally - nobody seems to be talking about 'Game Stop'. Their CEO/CFO in reality must be soiling their pants under this kind of stress, nobody wants to be the pinata.
If the kids want to be smart, they can act conscientiously and organize a fund to structure initiatives they deem worthy. But then they have to face the reality that 85% of most of business is fairly 'reality driven'.
Weirdly - the most rational thing for executives to do, at this very moment - is to sell all of their shares to the mob. 'Now you own it'.