The brand is irrelevant. It’s just math and vengeance and in the end...a lot of retail folks are going to be left holding the bag as prices drop down to earth.
The hedge funds have retreated, yet WSB is doubling down on the frenzy.
The posts over there are just insane. QAnon levels of delusion against an enemy that has already retreated.
Wall Street is just a straw man now, and WSB is using it to cannibalize WSB.
If you were a hedge fund on the sideline last week, wouldn’t you be quietly shorting GME @ 300? The outstanding shorts aren’t necessarily held by the same firms.
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The hedge funds have retreated, yet WSB is doubling down on the frenzy.
The posts over there are just insane. QAnon levels of delusion against an enemy that has already retreated.
Wall Street is just a straw man now, and WSB is using it to cannibalize WSB.
Have the hedge funds retreated? Last I heard there were still >100% short positions in GME.
If you were a hedge fund on the sideline last week, wouldn’t you be quietly shorting GME @ 300? The outstanding shorts aren’t necessarily held by the same firms.
They could game it all the way up, and collect all the way down. Lots of shorts could make enormous amounts of money right now.