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Unquestionably. People are buying GME because they think it’s hurting hedge fund bros; that doesn’t mean that it is. I would be deeply surprised if retail inve
by amscanne 6y ago
Unquestionably. People are buying GME because they think it’s hurting hedge fund bros; that doesn’t mean that it is.
I would be deeply surprised if retail investors were not left holding a larger proverbial bag than Wall Street as a whole.
Still, I think it’s a risky game when you have so many people willing to be irrational involved.
- njanirudh 6y agoThis is not just about money. This saga shows how wide spread and bad those guys manipulate the market and they're are absolutely no rules to stop them. In the end we may not destroy wallstreet but hopefully change the rules of the game to be fair for everyday small investor.
- justaguyOOL 6y agoGME is short around 140% of it's float. Retail investors are buyers usually. So whether the shorts are hedgies or banks, they're not retail as a group. Everyone knows that GME will eventually crash, but the question is when. If retail is smart and coordinated about it, they can definitely cash in massively when shorts cover. They would need to keep buying which looks increasingly made difficult and monitor % short of float. Will they succeed, idk.