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2021 is not being kind to short-sellers
After years of amassing fortunes betting against the success of legit businesses, wishing them to perish, with the SEC standing by, keeping a blind eye on things, the Reddit Community had enough.
You could say 1 guy started a revolution
After years of amassing fortunes betting against the success of legit businesses, wishing them to perish, with the SEC standing by, keeping a blind eye on things, the Reddit Community had enough.
You could say 1 guy started a revolution
The stock market is a complicated place & short-selling in itself is not illegal.
It has its place in investing, but if done for manipulative & speculative purposes, it becomes a destructive weapon hampering the progress & prosperity of the targeted businesses, i.e. $GME / $TSLA
It has its place in investing, but if done for manipulative & speculative purposes, it becomes a destructive weapon hampering the progress & prosperity of the targeted businesses, i.e. $GME / $TSLA
Billionaire hedge fund owners will argue strongly that they're doing God's work.
But the fact of the matter is, MOST hedge funds enrich its owners at the expense of their targets.
& because it's viewed as a sort of "stock market balancing act", the SEC sees all but does little
But the fact of the matter is, MOST hedge funds enrich its owners at the expense of their targets.
& because it's viewed as a sort of "stock market balancing act", the SEC sees all but does little
Some hedge funds got burned heavily in the past - Elon Musk, CEO of Tesla always put $TSLA shorts to the sword, with devastating results!
Citron Research is an example of a prominent hedge that was forced to exit its Tesla short position.
The $GME battle drove the point home...
Citron Research is an example of a prominent hedge that was forced to exit its Tesla short position.
The $GME battle drove the point home...
The GameStop battle thrusted the practice of short-selling to the fore, making the public aware of a practice that caused certain unscrupulous people to amass huge fortunes in a legal, but shady manner.
Hedge funds accustomed to winning, suddenly faced huge theoretical losses...
Hedge funds accustomed to winning, suddenly faced huge theoretical losses...
Where will it all end?
At this stage, the final outcome is unclear, but it seems clear that change is coming to the hedge fund industry.
They are fighting back with their massive resources & influence, trying to halt the flow of losses.
But the Redditors are not done yet...
At this stage, the final outcome is unclear, but it seems clear that change is coming to the hedge fund industry.
They are fighting back with their massive resources & influence, trying to halt the flow of losses.
But the Redditors are not done yet...
