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Thursday, January 28, 2021 9:14:24 PM
Agreed. They should not be taking sides in the market. These traders have found a vulnerable trading position and reasonably traded against that position, while letting everyone know that they’ve Finns this incredibly stupid, vulnerability. The trade is really about stupid hedge funds not GME, IMHO.
When more shares are shorted than shares available, by a lot, and when analysts investors and a large investor all grab up the shares and hold as longs, really actually not buying the shares usually, but calls, it creates an incredible trade.
The hedge funds are sophisticated and should have seen the inherent vulnerability of shorting 150% of outstanding shares.
When more shares are shorted than shares available, by a lot, and when analysts investors and a large investor all grab up the shares and hold as longs, really actually not buying the shares usually, but calls, it creates an incredible trade.
The hedge funds are sophisticated and should have seen the inherent vulnerability of shorting 150% of outstanding shares.
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