Stock market is a place where wealth is transferred from dumb money to smart money

Nope. They bought stocks when price is low thanks to hedge fund idiots.

However, they refuse to sell back and are holding onto them while the value of stocks went up, causing said millionaires to shit bricks.

2.9m denegrates (thats what they call themselves) x $600 =

USD1.7 BN....

thats some firepower....

getting hurt USD2.8 BN is quite a lot....

you don't understand their anger and disgust at the system.....

John Authers FT has a good article on GME and Redditor's anger.....

"Instead of greed, this latest bout of speculation, and especially the extraordinary excitement at GameStop, has a different emotional driver: anger. The people investing today are driven by righteous anger, about generational injustice, about what they see as the corruption and unfairness of the way banks were bailed out in 2008 without having to pay legal penalties later, and about lacerating poverty and inequality. This makes it unlike any of the speculative rallies and crashes that have preceded it. "

"One respondent warned that the people squeezing the shorts aren’t “a herd of impressionable youngsters with Robinhood accounts. No. They are an experienced & ruthless army of insomniacs followed by a silent legion of rapidly learning new traders. This is a new paradigm that won’t go away.”

Another told me I was a “dumb boomer” amid a screed of unprintable epithets. (Point of information: I’m just too young to be a boomer. I’m in Generation X, but it’s the intergenerational antagonism that’s noteworthy.) Another said that the short squeeze was just a way for millennials to recoup the money they had been forced to pay to bankers during the TARP rescue 12 years ago, and to put coronavirus relief checks to work:"

you are talking about the end game....i agree.....however its like saying, we are all going to die one day.....
however with a Short Interest of 120%, there is still some way to go in the process......

History is being written. Finance Classes will have to add a chapter on this situation today...

never start a war with people who have literally nothing more to lose.

if their government didn't step in, it will rope more banks/institution into the whole mess, which will be a real sight to behold.

never start a war with people who have literally nothing more to lose.

if their government didn't step in, it will rope more banks/institution into the whole mess, which will be a real sight to behold.

maybe tis is a flashpoint trigger for financial meltdown. cos institution see that they can be easily defeated by bunch of retailers grouping together. then everyone scare and pull money out or watever the shit.

lol so the fight go on? if like tat tonite i switch my fund to GME and AMC 

lol, judging by the fact that some of these hedge fund have filed for bankruptcy over this, I say no, many of them didn't put safety handbrake in place for event like this.

Which hedge fund?

i tot Melvin already closed position? still got fight ka?

well, i mean, they got bailed out government money. SO technically it was american tax payers who pay up, not the rich.

and what did Melvin do? they double down on their short position on GME. They really deserve the losses haha.

That fund strategy is very profitable, higher than industry standards.
Manatau got whacked by Reddit degenerates with unemployment paychecks

i dont understand why cant the hedge fund just buy from retailers?

retailers wont sell, all holding, and the longer they hold the more those hedge fund lose, cos those hedge funds need to buy back by tomorrow to return those 'borrowed' stocks from stock dealers

now all retailers hold see hedge funds burn

at a much higher price....sure.....say 1,000 ?

and the hedge fund goes belly up....and the stockbroker to the hedge fund also goes belly up

i watch all live data during the surge of GME and AMC, we live in era where retailer make hedge fund bankrupt, what a day to live in guys,
saw few of worthless counter going to surge too.

so big institution short till kao kao = legit?
retailers gang bang those institution = illegal?

topkek wallstreet

only a techie understands the Demo Day.....i respect the potential, and i think it will be a multi-bagger.....

but NOT in the next few weeks....

GME is different....

- short interest is > 100%
- interest globally has been awakened (global headline Bloomberg). Family Funds will find Reddit/WSB, do their own DD, and pour in their $$
- the momentum will increase on the buy-side for GME in the following days.....

PLTR will be flattish for a while...probably drop back to mid / low 30s to consolidate for a while for a month or two or more......