correct me if I'm wrong, but if a hedge fund is operating as their name suggests...shouldn't they be hedging against their short position? It's hard to feel bad for multi-billion dollar funds put all their eggs in one basket without taking normal risk measures. If I was one of their clients I would be livid and never invest with them again
I never said anywhere the I felt bad for hedge funds. They know the game they're playing and actually most of them lose money shorting stocks. There are some that do well over short periods of time, like Bill Ackman, but those guys play dirty as well. They'll buy puts and bet huge against a company and then try to expose as much dirt as they possibly can to drive the stock price down. Some of the companies deserve it, but others don't. What happened to just buying companies with good fundamentals that had strong balance sheets and were well managed? Now it's turned into a video game of sorts where people can go on a message board and in real-time get 2 million people to go buy a stock to drive the price up....just doesn't seem right. I'm all for making $$ in the stock market, but these guys are just playing games. I apologize to any of you guys who made a killing off of GME...great job if you did, I just think the whole thing is out of control.
I have no idea how this will play out. I could see this backfiring and reinvigorating WSB investors. At the back of all of this is that if these folks just maintain, the price will go up with some of these shorts expiring on Friday.
No idea how you regulate this (within the scope of the first amendment) without heavily regulating the ability of these hedge funds to enter into such staggering short positions on companies. And not for nothing, but how on earth do you prove market manipulation for a single anonymous poster on a message board full of a couple million anonymous posters?
Diamond hands!
www.bonfire.com
Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.
Its going to be armageddon tomorrow morning. The horde is mad they banned WSB and their discord.
The single advantage the little guy has in this situation is the general unpopularity of Wall Street. Regulating retail investors in favor of the big institutional players will have a steep political cost. People already perceive the game to be rigged.
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