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> Does it feel good to get one up on a hedge fund idiot that was trying to manipulate GameStop the other way? Yes - but this is, at best, financial vigilantism.
by ordinaryradical 6y ago
> Does it feel good to get one up on a hedge fund idiot that was trying to manipulate GameStop the other way? Yes - but this is, at best, financial vigilantism.
Hedge funds do this to each other every day. Why is it suddenly wrong when it’s retail investors on the other side of the trade?
I truly do not understand the naïveté of arguments like these. Only the wealthy should be allowed to game the price of assets and rip each other off?
- Tinyyy 6y ago> Hedge funds do this to each other every day. Do you have a source for this?
- ordinaryradical 6y agoStart with Matt Levine or Michael Lewis if you want to see how games are played. For eg, here’s an insane one from last fall on negative oil futures: https://www.bloomberg.com/opinion/articles/2020-08-04/some-people-made-money-on-negative-oil-prices https://www.bloomberg.com/opinion/articles/2020-08-04/some-p...
- Person5478 6y agoIf it were not so shorting wouldn't be considered high risk...
- sigstoat 6y agoshort positions are inherently higher risk than long positions because your upside is finite, and the downside is unbounded. (this is why you might want to... hedge your shorts.)
- adrr 6y agoIf you remove the short squeeze part. It is still a pump and dump. Someone is going to be holding the bag when the stock comes back down. That is going to be retail investors.