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

Re:GameStop Is Rage Against the Financial Machine by ameister14 on Wednesday January 27, 2021 @07:30PM (#25936385)
>The expectation is that investment is done to derive ownership of something with actual value.

Since this started with a hedge fund shorting 140% of a company, I tend to disagree.

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by throw0101a on Wednesday January 27, 2021 @07:41PM (#25936484)
This!

I don't know why the story is with Reddit/WSB.

What kind of incompetent fools are these "professionals" that their risk departments didn't flag this? And if it was flagged: who allowed the over ride and allowed it to go through?

The fact that the rest of the market (Reddit/WSB or anyone) caught these funds with their pants down simply shows that The Market® works: a short squeeze is simply a reaction to too much demand and not enough supply.

[ Parent | on HN ]