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I never said "deserved long term return." I'm saying that a hedge funds made bets, deals, ultimately with these WSB crazies. That position represents risks that
by dalbasal 6y ago
I never said "deserved long term return." I'm saying that a hedge funds made bets, deals, ultimately with these WSB crazies. That position represents risks that they are being shielded from.
Most of these people aren't holding any stocks. They're buying derivatives, so they technically have no stocks to dump. They will likely bet like crazy on the downward part too.
- cma 6y agoBut if Robinhood has some preexisting deal where they have to loan out X% of long shares to shorters, why should they have to take on the risk of defunct shorters if it is within their rights to just stop allowing trades in the symbol, without any goal of overall price manipulation?
- deleted 6y ago[deleted]