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callwaiting

Re:Ask HN: How is GME not a pump-and-dump? on Friday January 29, 2021 @07:33AM (#25956579)
Yes, exactly. This is what I meant with "This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else."
Re:Ask HN: How is GME not a pump-and-dump? on Friday January 29, 2021 @07:17AM (#25956501)
> its because the hedge funds are shorting and buy buying $GME we are effectively going to bankrupt them.

Which hedge funds? Melvin has already retreated.

Ask HN: How is GME not a pump-and-dump?

I've deliberately stayed away from WSB so far, but curiosity got the best of me now, and I took a look.The amount of pumping behind GME is unbelievable. On of the top comments as of right now justifies burning a year's worth of income, just to stick it to Wall Street.The thing is, I don't think anyone at Wall Street is touching this stock right now. The stock price is far too high for a buy...

( Read More... | 76 comments | 61 points | on HN )

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