It's past clever trading at this point.
While it's likely that some of the wsb crowd plays it yolo style and doesn't care (it's for the lulz), I don't think the people who invest because they saw it on mainstream media will see it that way.
It’s not like this is some random event that could happen to any position. There seem to be a number of factors in play, but it’s not random, and it’s not because a meme got popular.
GP is not dismissing it. They're saying that a stock play turning into a meme is becoming a serious additional risk factor.
not at this price. There's a rationale for doing so at sub $10 a share.
Buy things, hold things, sell things.
A more-sophisticated investor than I could also hedge against undesirable long-tail events.
To me, with a long-term/value perspective, these transients are a bummer because they distract from efficient price discovery. But, with a long-term perspective, these transients are mostly irrelevant. If a quality company's price drops precipitously, it is then on sale and worth buying. If it becomes quickly inflated, I can either hold with a smile or, if it is just too insane, sell with the expectation of buying in again later. The only real risk is of a meme-driven fluctuation shorting an otherwise-okay company into bankruptcy.
Hide your position better. Put out fewer signals. Lobby to make trades secret.
Don't take short positions. They add nothing of value to anyone. They are just fancy gambling.
The most interesting technical thing about this fracas is the fact that WSB has managed to play the options-sellers off against the shorts to set this off. The kids have temporarily played the adults off against one another and caused an explosion.
In the end, the savvy and the lucky will have more capital than in the beginning, and the un-trained and unlucky are going to be very sad. In the meantime, food-fights are fun while the food is flying.