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Are we still punishing short-sellers now? Because most of the major HFs and shorts closed their positions or hedged several weeks ago now and GME is still bein
by jboog 6y ago
Are we still punishing short-sellers now?
Because most of the major HFs and shorts closed their positions or hedged several weeks ago now and GME is still being pumped all over WSB
And that's not even getting into the fact that 99% of WSB posters had no idea what a "short squeeze" was about 60 days ago. There were some sophisticated people who understood what was going on there and hundreds of thousands of easily manipulated people who thought it sounded like a way to make a quick buck.
And I'm not begrudging the people who made money on this. Good for them! I'm just annoyed by the ex post rationalization that there were all somehow masters of complex financial instruments because they bought a meme stock.