The institutions can game all the way up though. The mistake the retail guys made in this instance was not accounting for the other institutional vultures Who had no prior interest in it, but would opportunistically pile in.

It’s becoming clear that a better designed attack was necessary. Unless government steps in, this attack will enrich market makers and a lot of hedge funds, while cleaning out retails who may not have fully understood the dynamics of this attack.

In my view though, that’s the market. It’s a learning process. Retailers will gain more understanding and the next attack will be better designed.