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re: Who else is tuned into gamestop?
Posted on 1/27/21 at 11:47 am to ClampClampington
Posted on 1/27/21 at 11:47 am to ClampClampington
quote:
The hedge funds will certainly turn to the SEC and probably FBI. It’s basically the same pump n dump scheme you saw in Wolf of Wall Street. There likely is a case to be made for fraud. But it’ll be interesting to see how or if they can differentiate the losses due to the original organizer vs when this thing took a life of its own
There is nothing illegal going on here. They are playing off of publicly available information.
Melvin or Citron (one of the big players) put out a video about why shorting GameStop is a good idea. You can't do that, and then complain when some individuals discuss doing the opposite in a chat room.
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