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The real squeeze is when the rest of wall street saw blood in the water, after Monday. This was not in the hands of WSB after that point. Big names got involved
by overcast 6y ago
The real squeeze is when the rest of wall street saw blood in the water, after Monday. This was not in the hands of WSB after that point. Big names got involved, and destroyed those funds.
- anupamchugh 6y agoExactly, everyone jumped in when they realised the WSB memes actually made sense
- Finnucane 6y agoOr if not quite 'sense', could be used to advantage. Like now the company that processes Robinhood's trades ends up owning a chunk of the hedge fund wsb targeted.
- cblconfederate 6y agoActually, they jumped after it made sense. There is a cohort of twitter people who are jumping on anything that is making the news to appear to be edgy.
- amrx101 6y agoEspecially Elon Musk. He had gears to grind with short sellers and he did.
- anupamchugh 6y agoTrue... he actually got involved to give the short sellers a taste of their own medicine.. prior to this TSLA was the favourite stock of short sellers... Musk calls short selling as scam. Though shorting ensures market equilibrium and was brought into the system to prevent such short squeezes.. It’s just some big guys were taking too much leverage and are now facing repercussions.
- admax88q 6y agoShorting was brought into thr market to prevent short squeezes? That doesnt make sense.
- Freestyler_3 6y agoAs the OP says, the squeeze was already set up. Big names were already getting involved. The post was just a call to ride the wave. And a prediction to how high the wave possibly could go.