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A comment on Young Koreans are echoing r/WallStreetBets in their war against short sellers. Parent comment

Re:Young Koreans are echoing r/WallStreetBets in their war a... by notyourday on Wednesday March 03, 2021 @11:12AM (#26330331)
> How the hell did short selling become a social justice boogeyman?

It so happened that most of the short sellers are the members of the 'special rules for us' club - the same club that has been ripping off and living off the regular investors for decades. The actual targets of this are the likes of analysts, fund CEOs, etc on CNBC/Fox Business and their lawyers, accountants and politicians.

[ Parent | on HN ]
Re:Young Koreans are echoing r/WallStreetBets in their war a... by xadhominemx on Wednesday March 03, 2021 @11:17AM (#26330414)
How have short sellers been ripping off regular investors?
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Re:Young Koreans are echoing r/WallStreetBets in their war a... by notyourday on Wednesday March 03, 2021 @11:22AM (#26330507)
> How have short sellers been ripping off regular investors?

Not short sellers. The set of people who have been ripping off regular investors happen to encompass the majority of short sellers. Think the organized pump and dump that happen on CNBC every day. Those are the real target of the retail rage. They just can't articulate it well and since short sellers bet against the typical retail bet and since most of short sellers are the members of the 'special rules for us' group, short sellers are the target.

P.S. I'm short GME.

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