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Interesting what’s happening in the US, led by r/wallstreetsbets they have basically taken down a hedge fund.
Explained better here than I could
Could this be a new type of democracy?
They are using the hedge funds weapon against themThis isn't really new.
It's the same shtick that hedge funds were doing in the 80's - assessing data to find weaknesses in firms, and targetting them to exploit that position.
Only difference is who got the data and how
Also this isn't a perfect weapon against all stocks. Lots of IPOs now are releasing shares that don't even have voting rights, so as to ensure controls never leave the original owners
They are using the hedge funds weapon against them
Yep and that’s the reason why they want to target silver next apparently ... they won’t be able to force a trading haltand? its not new
the hedge funds stole the same sh*t from the reserve banks (as we saw when currencies have been targeted)
this is nothing new, and just like every other time, people will learn to work defences around it (ie trading halts)
Yep and that’s the reason why they want to target silver next apparently ... they won’t be able to force a trading halt
What’s not true?David vs Goliath, pity it’s not true though.
Yes a bunch of small investors saw the short and that the hedge funds were over exposed. But their small trades aren’t shifting the market at least initially, since then a lot have jumped onboard though. The early trades were small amounts in the order of $600 trades, some guys were only buying single shares.
Truth is the institutional investors also saw the short and decided to put the squeeze on. The reddit investors got lucky.
But the little guy taking on hedge funds makes for a better story, and the hedge funds have jump on it as a Hail Mary hoping regulators will step in and save them.
I had a chuckle when this was kicking off a few days back. The power of thousands of retail investors piling in for the chance at some profit and the big player shorters getting hammered
Short selling is okay with me, but there are large risks, esp. when you have to buy back in a rising market.
Look at all the Tesla shorters that got caught with their pants down recently.
Just another form of gambling as it is happening right now
Lol he sounds like he belongs on r/wallstreetbetsI had a mate who lost everything on a single short, and even had to get his folks to sell their home to pay his debts
shorts have a place, but those who use them as a punt rarely appreciate the risk