Re:The Irony in the GameStop Story
by DennisP on Friday January 29, 2021 @09:59AM
(#25957851)
Nobody complains about hedge funds making short-term trades based on technicals. Momentum traders, swing traders, automated high-frequency traders front-running order flow, that's all kosher. But let a bunch of retail traders step outside of long-term fundamentals and beat the funds at their own game, and suddenly that's a problem.
People keep assuming the WSB crowd are idiots. I don't think it's a given that they can't do risk management, and in a short squeeze it's generally the short sellers who end up holding the bag.
Anyone who FOMOs in this week is probably in for a hurtin', but the ones who got in before this was all over the media have a good shot at significant profit.
People keep assuming the WSB crowd are idiots. I don't think it's a given that they can't do risk management, and in a short squeeze it's generally the short sellers who end up holding the bag.
Anyone who FOMOs in this week is probably in for a hurtin', but the ones who got in before this was all over the media have a good shot at significant profit.