Are we really supposed to believe that reddit is responsible for the circus-like behavior of GME stock?
(www.institutionalinvestor.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (20)
sorted by:
It's not a pump and dump, though. Melvin is contractually tied to their shorts which expire friday. They're going to be forced to buy stock at whatever price to cover their position, and the WSB cats are gonna hold their feet to the fire. It's going to cause a recession.
At worst some holding company will get bailed out because they are too big to fail. Well, worst for them. The reddit crowd will get fucked in some fashion I'm sure, as the little guy always does.
Yeah it's for sure gonna have to be a bailout....perhaps hastening this looming hyperinflation situation we're staring down the barrel of thanks to young J pow.