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


Disagree.  The Reddit investors got in early.  The short investors came in later and drove the price up even further.  There will be a selloff but by that time, the Reddit investors already made a ton of $$.

It's a false and artificial value on a stock (or group of stocks).  A very few of the "math/financial wizards" might profit off of it, but in the long run many people are going to suffer a big loss.  They might be "math/financial wizards" but they are amateurs when it comes to investing.  This isn't investing it's gambling.  A large number of people are going to take a huge hit because of this.

Go ahead and buy up shares of penny stocks.  Take a home equity loan out on your home to put more money into it.  Fall into the trap of "easy money" while you "screw the wall street billionaires".  Let's see who wins in the long run.

This nonsense is just setting up for a huge crash.

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