>It would be hard to see how anyone was hurts by GME speculation or organized buying.
That's because the they still in the pump part of the pump and dump scheme.
People buy Tesla because they think its worth even more. Everyone who has thought about it for more than a second understands GME is not worth 22 Billion dollars.
So the people who are buying now are going to collectively lose a ton of money when it inevitably crashes back down to 8 bucks a share.
The people knowing engaging in the short squeeze are taking that risk, so that is on them. But I feel sorry for people who foolishly chase the gains or the wifes/husbands of fools who are buying in now.
The whole ideas is that the hedge funds are these "bag holders." And to a huge degree they were, which is hilarious. But a huge amount of the bag holding is going to be done by retail investors.
> The whole ideas is that the hedge funds are these "bag holders." And to a huge degree they were. But a huge amount of the bag holding is going to be done by retail investors.
Yup, people are buying into a misconception here that because of high short interest there must be more to squeeze and the shorts will be the bag holders, while completely ignoring that the further this goes from the actual value of GME the more attractive it is to short, so who is short may change, but short interest won't go down much. The mob for some reason sees the short interest not going down as "they'll have to buy it at a higher price!" Once the smart longs start taking their profits the whole idea will fall apart, some shorts are going to make much more than people who bought early in the run and held thinking it would keep running up.
This is a lot of the problem. Certain people are too big to fail, they can keep the profits, but they don't suffer. How many people who had barely heard of the stock market lost their homes after 2008? How many speculators lost their homes?
How many people who have barely heard of the stock market have made massive gains over the last 10 years? How many speculators?
The government borrowed trillions, that all ended up in the pocket of people with shares, not in the hands of people who struggle to make rent.
That's because the they still in the pump part of the pump and dump scheme.
People buy Tesla because they think its worth even more. Everyone who has thought about it for more than a second understands GME is not worth 22 Billion dollars.
So the people who are buying now are going to collectively lose a ton of money when it inevitably crashes back down to 8 bucks a share.
The people knowing engaging in the short squeeze are taking that risk, so that is on them. But I feel sorry for people who foolishly chase the gains or the wifes/husbands of fools who are buying in now.
The whole ideas is that the hedge funds are these "bag holders." And to a huge degree they were, which is hilarious. But a huge amount of the bag holding is going to be done by retail investors.