Nobody on reddit (that I’m aware of) was ever claiming it’s a good buy. Just that they need a all chip in and donate a little to save the company from disaster.
Sort of a go-fund-me campaign to save the sick company sort of thing.
Well, I suspect the actual primary motivation was the hatred of the hedge-fund who was trying to kill game-stop.
I’m not condemning everyone on Reddit, but are you saying that nobody said all that, only to then turn around and sell when the stock was high? I mean, good on them for gaming the system to stick it to the hedge funds, but I would bet some people’s trading behavior did not quite live up to their words.
As I understand it, the HFs have to borrow in order to short. Now they have to pay back at inflated prices, which hurts and may kill them. No tears shed here. But who are they paying back to? The Banks? So it’s just a different set of assholes getting richer?
If we’re talking punishment, that’s like punishing a cannibal by feeding him to another cannibal.
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