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lol... don't understand the hatred behind some of these retail investors in wsb... its as if Melvin fund directly blew up some of these guys' accounts a few times in the past or something. Last thing you want to do as an investor is letting your emotions drive investment decisions. Short selling has many applications in the marketplace and its not meant as a tool to drive good business to the ground. Try shorting a good business like apple and see what happens. Of course there are shady hedge funds out there, but in any industries there will be bad actors. Its kind of ignorant to paint the whole hedge fund industry with a single brush.
Good luck to some of these wsb investors with large positions in GME. I'm sure they know that paper profit means nothing until they sell? When sentiment breaks (ie. no one in retail left to buy) good luck trying to find buyers at insane prices and everyone is heading for the exit. That's how prices gap down/up on thinning liquidity. This stock has nothing to do with the company anymore. Its become a battleground for retail and certain institutional investors to stick it to the other players caught in a squeeze. Execs at GME and BB have already come out saying the price increases are not justified but they sure appreciate being able to sell their insider shares at ridiculous prices. I guess its okay for these corporate millionaires to get a windfall but not hedge funds? lol... enjoy the game of musical chairs
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