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by kevinmchugh 1931 days ago
I understand opposition to hedge funds, but it's not the case that they were all short GameStop. Some were long and made a lot of money by selling into the WSB fervor. Others were not especially interested but must have seen the price grow by 20x and seen a great opportunity to short it.

I have a high school friend who posted that they didn't care if they lost their entire investment, this was about sending a message. I'm not sure what that message was.
1 comments
rtkwe 1931 days ago
> Others were not especially interested but must have seen the price grow by 20x and seen a great opportunity to short it.

Near the peak I don't think there were shares available to short though, at least not publicly offered who knows what was available through Bloomberg chat.

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fredophile 1931 days ago
There might not have been shares available to short but a hedge fund could still sell a lot of options. If you sold call options anywhere near the peak you could have easily closed your position by now and taken pretty much the entire sale price as pure profit.
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