Re:BIS warns of $80T in hidden off-balance sheet debt held b...
by mox1 on Monday December 05, 2022 @12:40PM
(#33868840)
So 'superstonk' was created after all that. It was basically the crazies from WSB after the WSB mods wanted to tone down the conspiracy theories.
Prior to the GME squeeze, the talk on WallStreeBets was basically "GME is sound fundamentally, its got +revenue AND its shorted to hell, conditions are right for upward movement".
It wasn't about sticking it to anyone, screwing hedge funds, etc, it was like "we think short sellers are perhaps screwing up here, we suggest you buy some GME".
Prior to the GME squeeze, the talk on WallStreeBets was basically "GME is sound fundamentally, its got +revenue AND its shorted to hell, conditions are right for upward movement".
It wasn't about sticking it to anyone, screwing hedge funds, etc, it was like "we think short sellers are perhaps screwing up here, we suggest you buy some GME".