Aren't they basically doing what DiCaprio was doing in Wolf of Wall Street? Except I doubt any of them have Margot Robbie waiting at home. More like the guy Jonah Hill played.
The strategy is pretty brilliant. Buying shares and options of the most heavily shorted stocks. Works if enough people all do it together. Melvin Capital required a $3b bailout to cover their losses.
Aren't they basically doing what DiCaprio was doing in Wolf of Wall Street? Except I doubt any of them have Margot Robbie waiting at home. More like the guy Jonah Hill played.
The strategy is pretty brilliant. Buying shares and options of the most heavily shorted stocks. Works if enough people all do it together. Melvin Capital required a $3b bailout to cover their losses.
https://www.zerohedge.com/markets/gamespot-chaos-stock-hits-365-then-dips-after-report-melvin-citron-cover-shorts