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> The reddit traders are only making a killing if they're selling these inflated positions. At some point somebody will be left holding the bag, odds are it wil
by recny 6y ago
> The reddit traders are only making a killing if they're selling these inflated positions. At some point somebody will be left holding the bag, odds are it will be a bunch of people from wallstreetbets and other retail investors that are late to the party.
This isn't your typical pump and dump. The plan is to bleed Melvin of every last cent, and transfer it to WSB. Melvin is forced to buy, no matter the price.
While some individual redditors might lose money, as a group they'll make a huge profit.