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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 C

by 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.

by jw1224 5y ago

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.