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A comment on The Irony in the GameStop Story. Parent comment

Re:The Irony in the GameStop Story by ckastner on Friday January 29, 2021 @09:38AM (#25957627)
> The brand is irrelevant. It’s just math and vengeance and in the end...a lot of retail folks are going to be left holding the bag as prices drop down to earth.

The hedge funds have retreated, yet WSB is doubling down on the frenzy.

The posts over there are just insane. QAnon levels of delusion against an enemy that has already retreated.

Wall Street is just a straw man now, and WSB is using it to cannibalize WSB.

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Re:The Irony in the GameStop Story by jakelazaroff on Friday January 29, 2021 @09:42AM (#25957684)
Have the hedge funds retreated? Last I heard there were still >100% short positions in GME.
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Re:The Irony in the GameStop Story by heartbreak on Friday January 29, 2021 @09:50AM (#25957778)
If you were a hedge fund on the sideline last week, wouldn’t you be quietly shorting GME @ 300? The outstanding shorts aren’t necessarily held by the same firms.
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Re:The Irony in the GameStop Story by bilbo0s on Friday January 29, 2021 @09:56AM (#25957829)
They could game it all the way up, and collect all the way down. Lots of shorts could make enormous amounts of money right now.
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