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> Most people are buying small amounts just to f##k with the hedge funds, and they are outspoken about it. I think the funniest part about this is that it is r
by henrikschroder 6y ago
> Most people are buying small amounts just to f##k with the hedge funds, and they are outspoken about it.
I think the funniest part about this is that it is rationally irrational.
It's irrational from a market perspective, Gamestop really isn't fundamentally worth this much, everyone who invests ought to lose the money. Short sellers ought to make bank on it.
And then comes WSB and offers a different reason: Buy a couple of shares and hold just to punish the short sellers. It's irrational in the market sense, but it's completely rational from an internet mob sense. They're not out to make money, which is the normal rational decision-making process that all the big players are accustomed to. This mob is out for blood, and they're doing it for shits and giggles. Of course the big market players are upset, because the mob has money and are wielding it "wrong"!
- imtringued 6y agoYes, GME is the laughing stock. In a very literal sense.