Re:The Battle of GameStop
by garmaine on Wednesday January 27, 2021 @04:00AM
(#25925848)
This isn't getting rich through a greater fool theory. This isn't a pump-and-dump; it's a short squeeze. The only fool here is Melvin Capital which entered into some pretty foolish short positions and are suffering the price.
The only story here is that it is retail investors who are profiting off it rather than some other insider hedge fund.
The only story here is that it is retail investors who are profiting off it rather than some other insider hedge fund.