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Nobody would be complaining if they lost a ton of money on a stupid trade. In fact they would be posting loss porn on the front page of the subreddit and laugh
by elindbe3 6y ago
Nobody would be complaining if they lost a ton of money on a stupid trade. In fact they would be posting loss porn on the front page of the subreddit and laughing about it. In fact, some WSBers did short GME and lost a bunch of money.
But when the hedge funders get caught then for some reason it's bad and Reddit or Robinhood or the government needs to step in and fix the situation. Instead, we should all be laughing over Melvin Capital's loss porn.
- sharker8 6y agoHow do you know there isn't a russian doll scenario of sock puppets all the way down, and some other hedge fund isn't going to profit in a few months from all of this on a trade we never heard about? After all, the hedge fund industry as a whole does better, not worse, when there is lots of churn, even when that churn means places with names like Melvin every now and then go under. I admit this scenario is not likely, but still, the should statements can be misleading, and I don't recommend them.