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Originally Posted by Razor Ramon HG
Nothing really specific, just a few managers and analysts on CNBC.
You get the overall vibe from the narrative the media is playing that the institutions are lining their pockets. Everyone is blaming WSB, but no one is blaming shorts for cornering themselves shorting something over 100%. If anyone, WSB is smart for recognizing the opportunity. But you know, they're small guys, fuck em!
Chamath was on CNBC an hour ago and he really went to bat for retail traders.
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Quote:
Originally Posted by Alpine
This is basically an attack against free speech and the middle/lower class. Don't we dare get together and talk about anything that they don't want us to talk about.
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No one should have a problem with investors at any level being greedy and trying to make a profit. But we have to call this situation what it is... this is predatory market behavior and I wouldn't be surprised if regulators stepped in at a certain point to put more restrictions. If a bunch of institutional investors or market dealers deployed a similar type of strategy (collude to coordinate focused attack on specific names -> spread misinformation on platforms -> accelerate via options aka gamma squeeze), regulators would have a field day with them lol.
Still not sure why wsb community feels like hedge funds are their enemy or they won a fought against Goliath as David. Hedge funds suffering massive losses and closing shop is nothing new in the industry and no one in the industry feels bad for any of them, Melvin included. By design, they are supposed to swing for the fences, usually with leverage, on a specific investment strategy while hedging out other market factors, hence the name hedge fund. Some win big, and some lose a lot.