Re:WallStreetBets vs WallStreet: It's not about the money an...
by DougN7 on Thursday January 28, 2021 @10:16AM
(#25943021)
Some retail investors made money. The rest that are still jumping in will lose a lot as the stock returns to it’s correct price over time.
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Re:WallStreetBets vs WallStreet: It's not about the money an...
by clarkevans on Thursday January 28, 2021 @10:22AM
(#25943146)
As repeated Reddit, the shorts are still oversubscribed and the short squeeze has yet to start. Retail investors are around 15% -- there are many index funds that are invested, perhaps they might be the last ones holding? Even so, I'll be damned if I understand anything about this.
I think it's interesting that "accredited investors" (e.g. 1MM in assets) can unionize to play in the stock market (e.g. hedge funds) but that the majority of Americans aren't permitted to unionize due to SEC rules. They are stuck with index funds. It's like we only allow top earners to be wolves and force everyone else to be sheep.
Re:WallStreetBets vs WallStreet: It's not about the money an...
by fock on Thursday January 28, 2021 @11:05AM
(#25943992)
Looking at this, I guess it's safe to say that the WSB-crowd won't pull of the short squeeze: https://money.cnn.com/quote/shareholders/shareholders.html?s...... it's institutional investors lending their stock out and buying it back...