I can just imagine hedge funds in the years or Robinhood saying okay open it back up again, let these people buy again so we can crush them next week.

They are literally advertising it on RH as soon as you log on that you can purchase as many AMC and GME once again today.

It’s a colossal fleecing honestly. They are literally transferring over ownership of insolvent/dying companies to retails investors. Blackrock and Fidelity alone own 25% of GME.

They are either selling these shares slowly or lending them out for fat premiums or writing options with massive premiums and making a killing or a combination of all 3. When the next 13fs get released I guarantee that they’ve sold shares into the spikes.

What’s sad is people really think this is a David vs Goliath when fact is the biggest benefactors are the biggest funds that manage trillions while both retail and a few short hedge funds got victimized.

This post was edited by ofthevoid on Feb 5 2021 06:25pm

Jesus I realized what I typed. I shouldn't write on my phone. I ment "hedge funds in the ears of"

But you got what I ment. It is. People think they're part of something, sucked into this horrible trend near the top betting down payments or credit card payments.

If you play with cheaters, make sure you know what you're doing.

Because if you're wrong, you'll be crushed like the ant you are.

The amount of disinformation from news and reddit about the positions of hedge funder's is ridiculous right now.

Ok buddy

People posting “TODAY HEDGES ARE FORCED TO COVER” Lel. I feel so bad for these kids who put everything they own into GME and are now fucked. But then again, only trade what you’re willing to lose as risk I guess so it’s a hard lesson but I hope they’ve learned.

Pretty sure they knew the risks. They just like the stock.

still holding

Yeah, back in January we knew the short position was wildly out of proportion.

Now it's down to like 60% last I checked which is pretty reasonable with GME where it is.

Holy shit, its back up to $90 again LOL