Re:Suck It, Wall Street
by AnthonyMouse on Friday January 29, 2021 @02:00AM
(#25954823)
> People think this is somehow “taking money from hedge funds”.
The hedge funds used to have money that plausibly soon they won't. It is taking money from hedge funds.
> do you think that the retail traders who yolo’d their savings (there are many of these) will be the ones to sell at the correct second?
Or any point before that second but after the price has increased above what they paid? Quite a number of them I would expect.
Also, it's possible to use limit orders, so that if a short squeeze happens and causes the price to go up above the limit, the person's shares are automatically sold.
Or it could all go wrong in several different ways. It isn't a low risk activity. But if the risks are out in the open, where's the scam?
The hedge funds used to have money that plausibly soon they won't. It is taking money from hedge funds.
> do you think that the retail traders who yolo’d their savings (there are many of these) will be the ones to sell at the correct second?
Or any point before that second but after the price has increased above what they paid? Quite a number of them I would expect.
Also, it's possible to use limit orders, so that if a short squeeze happens and causes the price to go up above the limit, the person's shares are automatically sold.
Or it could all go wrong in several different ways. It isn't a low risk activity. But if the risks are out in the open, where's the scam?