News for hackers. Stuff that matters.

A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by delaaxe on Wednesday January 27, 2021 @06:46PM (#25935793)
No, the short float is still hight. Old short have covered but new ones have replaced them
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by bilbo0s on Thursday January 28, 2021 @03:02AM (#25939393)
Wait?

Wouldn't new ones be shorts against the inflated prices?

It could easily be other retail investors shorting the reddit pump and dump.

I suppose as long as no one innocent is hurt, it doesn't really matter if some redditors and hedge funds are cleaned out. But it seems more and more likely that the only thing that will have been done here in the end is to enrich the market makers.

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by delaaxe on Thursday January 28, 2021 @06:00AM (#25940468)
This is being framed as retailers vs. institutional but in reality there's both on each side.
[ Parent | on HN ]