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Who should I believe? The career hedge fund trader? Or randos spouting conspiracy theories? I can't decide.

toomuchtodo 5y ago
Don’t believe me! Why would you ever trust some rando on the Internet, whether retail or someone who says they’re a career hedge fund trader?
- sicromoft 5y ago
  Oh, you have your own interests at heart. Thanks for clarifying. I'll definitely trust the conspiracy theories now.
  - sicromoft 5y ago
    Rather than replying back, this person edited their inane comment, so my comment above is now totally out of context. This is the kind of person we're dealing with.
jw1224 5y ago
There are plenty of career hedge fund traders actively supporting this “conspiracy theory”. One of the most well-known contributors at Superstonk is a former Citadel employee — he’s even spoken publicly about these events in an interview with CNBC. I think that makes him less of a “rando” than an otherwise-anonymous career hedge fund trader, who just happens to support your viewpoint. There are experts on both sides. Nobody knows what’s going to happen. We’ll see!
- gruez 5y ago
  >There are plenty of career hedge fund traders actively supporting this “conspiracy theory”. >One of the most well-known contributors at Superstonk is a former Citadel employee Source for both of these?
  - jw1224 5y ago
    Former Citadel employee, /u/dlauer — https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers_interview_on_cnbc_june_17_2021/ https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers... And here’s Dave’s interview with Superstonk: https://youtu.be/AYct0XX0uTU https://youtu.be/AYct0XX0uTU — As for “plenty” of career hedge fund traders: I’ll accept “plenty” is a bit of a meaningless word here. Given the anonymous nature of Redditors, I’ll struggle to give you any meaningful identities. Anecdotally, however, I’ve come across quite a few who claim to be professionals, and were accompanied by some kind of reasonable evidence to back it up. /r/DDintoGME has often brought attention to these people. There have been several professional traders providing regular updates from their corporate Bloomberg Terminals [1]. Michael Burry, famed investor from “The Big Short”, held a long position on GME [2]. I think he sold it last year, but his tweets have been very bullish about the prospect of a market crash and accompanying MOASS resulting from Wall St being overleveraged. Take this one with a pinch of salt. Perhaps, most tellingly, there are plenty of major hedge funds — including Blackrock and Vanguard (both of which are full of career traders!) — who seem to think it’s worth holding [3]. [1] https://reddit.com/r/Superstonk/comments/nzyh7f/14062021_gme_bloomberg_terminal_information/ https://reddit.com/r/Superstonk/comments/nzyh7f/14062021_gme... [2] https://www.reddit.com/r/investing/comments/cthume/dr_michael_burry_and_the_big_gamestop_short/ https://www.reddit.com/r/investing/comments/cthume/dr_michae... [3] https://www.streetinsider.com/holdings.php?q=GME https://www.streetinsider.com/holdings.php?q=GME
    - qeternity 5y ago
      My personal and professional online identities are linked. I'm not anonymous. Anyone could figure out who I am with 30 seconds of googling. I've not argued for/against GME. I've just argued against the conspiracy theories. I have zero insight into their core business, and if I don't have edge, I don't trade. But I know a thing or two about how markets work, and all of the conspiracy nuts who have jumped onto the GME story just don't really get it. That's what I take issue with.

Don’t believe me! Why would you ever trust some rando on the Internet, whether retail or someone who says they’re a career hedge fund trader?

sicromoft 5y ago
Oh, you have your own interests at heart. Thanks for clarifying. I'll definitely trust the conspiracy theories now.
- sicromoft 5y ago
  Rather than replying back, this person edited their inane comment, so my comment above is now totally out of context. This is the kind of person we're dealing with.

jw1224 5y ago

There are plenty of career hedge fund traders actively supporting this “conspiracy theory”. One of the most well-known contributors at Superstonk is a former Citadel employee — he’s even spoken publicly about these events in an interview with CNBC. I think that makes him less of a “rando” than an otherwise-anonymous career hedge fund trader, who just happens to support your viewpoint. There are experts on both sides. Nobody knows what’s going to happen. We’ll see!

gruez 5y ago
>There are plenty of career hedge fund traders actively supporting this “conspiracy theory”. >One of the most well-known contributors at Superstonk is a former Citadel employee Source for both of these?
- jw1224 5y ago
  Former Citadel employee, /u/dlauer — https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers_interview_on_cnbc_june_17_2021/ https://www.reddit.com/r/Superstonk/comments/o28tm9/udlauers... And here’s Dave’s interview with Superstonk: https://youtu.be/AYct0XX0uTU https://youtu.be/AYct0XX0uTU — As for “plenty” of career hedge fund traders: I’ll accept “plenty” is a bit of a meaningless word here. Given the anonymous nature of Redditors, I’ll struggle to give you any meaningful identities. Anecdotally, however, I’ve come across quite a few who claim to be professionals, and were accompanied by some kind of reasonable evidence to back it up. /r/DDintoGME has often brought attention to these people. There have been several professional traders providing regular updates from their corporate Bloomberg Terminals [1]. Michael Burry, famed investor from “The Big Short”, held a long position on GME [2]. I think he sold it last year, but his tweets have been very bullish about the prospect of a market crash and accompanying MOASS resulting from Wall St being overleveraged. Take this one with a pinch of salt. Perhaps, most tellingly, there are plenty of major hedge funds — including Blackrock and Vanguard (both of which are full of career traders!) — who seem to think it’s worth holding [3]. [1] https://reddit.com/r/Superstonk/comments/nzyh7f/14062021_gme_bloomberg_terminal_information/ https://reddit.com/r/Superstonk/comments/nzyh7f/14062021_gme... [2] https://www.reddit.com/r/investing/comments/cthume/dr_michael_burry_and_the_big_gamestop_short/ https://www.reddit.com/r/investing/comments/cthume/dr_michae... [3] https://www.streetinsider.com/holdings.php?q=GME https://www.streetinsider.com/holdings.php?q=GME
  - qeternity 5y ago
    My personal and professional online identities are linked. I'm not anonymous. Anyone could figure out who I am with 30 seconds of googling. I've not argued for/against GME. I've just argued against the conspiracy theories. I have zero insight into their core business, and if I don't have edge, I don't trade. But I know a thing or two about how markets work, and all of the conspiracy nuts who have jumped onto the GME story just don't really get it. That's what I take issue with.