![]() ![]() Obviously a lot of the comments on WSB are of satirical nature, but a couple of them really are concerning. Eventually, retail investors will get bored of waiting for the "short squeeze", and start pulling out, and the truly "little people" are going to get screwed. Pretty sad to see and I'm wondering when the blow-out is gonna happen. Unfortunately it has been a bit of a hEdgE fUnD bAd, and then they buy 2 shares of GME with their tuition loan money, screaming $GME to $1,000 APES STRONG TOGETHER HOLD THE LINE HOORAH HOORAH, and people getting in at crazy cost bases like $370 and such. Consumer protections are to protect them from other companies, not themselves. If you think it's "gambling" and "irresponsible" for the retail traders to do this, they literally have the right to put their life savings on a million-to-one parlay on basketball games and nothing is stopping them. ![]() My parents both lost their jobs in '08, let the greedy and careless funds fail. and now the greedy ones that over-shorted are getting fucked instead. HFT's and other hedge funds squeeze each other all the time, create flash crashes that create real consequences to pensions, 401k's, etc. "Retail investors aren't sophisticated enough", yeah probably not sophisticated enough to overshort or get greedy enough to risk billions of their clients money. They had every opportunity to take the loss and close their position at that point as well. ![]() Obviously didn't use any thoughts of risk management to think "It's already $4/share, maybe let's take our gains". They beat down the stock of the company and over-shorted. I'm a big fan of the squeeze on the short funds. But if a bunch of retail investors decide to Short squeeze someone then suddenly the brokers/market makers fuck them over. It's fine for Ackman to put shorts on something and then go on CNBC and shit on a company and try to kill it, or for a different hedge fund ( Icahn) to short squeeze him and do the same thing. Obviously people can say that it's illegal to have a coordinated pump in order to cause a short squeeze, and the SEC agrees with you, but the outrage is here because people feel (correctly) that those rules are bullshit. not fuck over a retail investor who has to buy the top of a P&D but fuck over the institutional investors who have short positions and have to cover at the top of a buying frenzy. It's to cause another gamma squeeze/short squeeze to the short sellers, then sell when they have to buy to cover. Most likely they're wrong, and these are new shorts, but either way the goal is still not to P&D. A lot of people believe that the original shorts are still yet to be unwound because of the large short positions as a percentage of the float. Now, it's mostly ignorance I think, though I could be the one ignorant. In both of those the only people who lost were people who had short positions and had to cover their shorts, or who market makers who had to delta hedge against the calls they sold. It started as a Value play and then after that a gamma squeeze. ![]()
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