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Investment people.. Have you been following the GME kerfuffle?
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<blockquote data-quote="Atimm693" data-source="post: 1662794" data-attributes="member: 26138"><p>It's been a ride. I sold half today, can't complain about a 350% gain. I suspect a lot of people that got in at $300+ are going to be bag holders.</p><p></p><p>It's starting to look like the hedge funds may have quietly covered many of their positions last week during the Robinhood fiasco. Float is sitting at ~50% right now, most of which is suspected to be new shorts that were placed when the price peaked, but nobody really knows.</p><p></p><p>If the brokers hadn't folded on Thursday, I think this thing really could have gotten crazy.</p><p></p><p>You have to wonder why the hedge funds would tell us that they closed. There is also the millions in GME calls placed today at $800, and the whole silver distraction. Kind of makes you think that they are still getting pinched.</p><p></p><p>The WSB sub is really swirling the bowl. It's turned into an echo chamber, posts that contain any semblance of reasoning or a differing view is immediately downvoted into oblivion.</p></blockquote><p></p>
[QUOTE="Atimm693, post: 1662794, member: 26138"] It's been a ride. I sold half today, can't complain about a 350% gain. I suspect a lot of people that got in at $300+ are going to be bag holders. It's starting to look like the hedge funds may have quietly covered many of their positions last week during the Robinhood fiasco. Float is sitting at ~50% right now, most of which is suspected to be new shorts that were placed when the price peaked, but nobody really knows. If the brokers hadn't folded on Thursday, I think this thing really could have gotten crazy. You have to wonder why the hedge funds would tell us that they closed. There is also the millions in GME calls placed today at $800, and the whole silver distraction. Kind of makes you think that they are still getting pinched. The WSB sub is really swirling the bowl. It's turned into an echo chamber, posts that contain any semblance of reasoning or a differing view is immediately downvoted into oblivion. [/QUOTE]
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Investment people.. Have you been following the GME kerfuffle?
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