(01-27-2021, 06:46 PM)HURRICANE!!! Wrote:

(01-27-2021, 06:01 PM)Jags Wrote: That’s a good explanation.  I understand what you’re saying except one thing.  Are these Reddit people artificially inflating it because it’s been shorted? Make money and screw some investor over? Is this something that’s mutually exclusive or no? one doesn’t need to happen for the other to happen, right?

That was a great explanation, comparable to the one I heard on CNBC today.

Yes, the investors on Reddit conspired to target companies that have been extensively shorted, knowing those that are taking the hit will need to buy more stock (as it is going up) to hedge their losses. As such they actually created a big time demand coming from the ones that got screwed the most.

The people that came up with this are math/finance wizards so I personally think it's ignorant to call the Reddit group of investors amateurs and such.