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You're assuming that people on r/wallstreetbets are exactly the same as people on wall street who literally only care about money. The redditors buying don't wa
by deathgrips 6y ago
You're assuming that people on r/wallstreetbets are exactly the same as people on wall street who literally only care about money. The redditors buying don't want to make money, they just want to kill the hedge fund. By wasting a few hundred dollars they are making a larger dent in wall street than congress has made for the last few decades.
- mitfahrener 6y agoLol. What are idiotic statement.
- deathgrips 6y agoWhat an idiotic statement.
- lexapro 6y agoThere might even be some overlap, wall street using wallstreetbets to manipulate.
- gerikson 6y agoThat's the future defense against this kind of short squeeze. Funds will engage these subs (or hire people) and deflect interest from the stocks they're shorting and maybe steer it towards competitor's.
- splistud 6y agoI doubt any defense will be needed. Capital for this kind of risk will never be available again.