QUOTE(J1g54w @ Jan 28 2021, 02:47 PM)
messing with the market unnaturally lol... while wall street does it since forever and nobody bats an eye. you know they shorted inexistent stock? they shorted 150% of the available stock, that's why it's negative float. how is that even fair or legal? but of course they call this "free market"
so it's "free market" when the rich do it, but "messing with market unnaturally" when normal people do it?
did some digging on Melvin hedgefund.
apparently they are very good at what they're doing, and many competitors copied their strategy,
short selling what they sold.
so this isnt just one hedge fund got burnt, it's a market leader at its segment that burnt badly.
they were very greedy because GME from $40 pushed down to $4.
yet these fuckers piled up more shorts which made them vulnerable
padan mukak greedy wolves get stampede by reddit sheeps
This post has been edited by AllnGap: Jan 28 2021, 03:07 PM