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by quickthrowman 1952 days ago
> What happens when they do this to a different company like say Amazon? Anything good/bad?

What do you mean? AMZN has 3 million of 500 million shares sold short, less than 1% short interest. It would take one day for shorts to cover at average volume. Shares are also $3,277 as of Friday’s close, a lot of WSB people can barely afford one or two shares.

They cannot do this to a company like Amazon because the short interest isn’t there and the share price is too high. A weekly at the money call is $3,250 right now. WSB doesn't have enough capital to buy the shares or options.

1 comments

They can’t do this particular thing to Amazon. But that doesn’t mean they can’t do something else. What if Amazon’s supply chain is found to be dependence to heavily on some other publicly traded company that can be manipulated more easily? What if they find some pattern in how hedge funds trade Amazon that is exploitable? It’s like saying that we found and fixed a bug so the attacker who exploited that particular bug can never find another one.