Are we really supposed to believe that reddit is responsible for the circus-like behavior of GME stock?
(www.institutionalinvestor.com)
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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.
Who's going to be in trouble except this one hedge fund and why? None of the other assets in the hedge are in danger and can be sold with the bankrupt corp.
George Soros and his ilk do this sort of thing to retirement funds every day and the world doesn't end.
They already had to liquidate all their alibaba holdings.
Oh well, someone else bought them at market price, there's millions of trades per day. I don't see any reason this one event is the doomsday some people are saying it's going to be, unless it's going to be used as a false flag used to pull the rug out on the stock market. I don't know of any logical reason it should have that effect unless the big banks plan on dumping things and blaming the Robin Hood'ers.