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re: What’s the end game on these Reddit/WSB pumps?

Posted on 1/27/21 at 11:57 am to
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 1/27/21 at 11:57 am to
So it’s a pump and dump scheme?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11301 posts
Posted on 1/27/21 at 11:59 am to
quote:

So it’s a pump and dump scheme?



No it's a heavily shorted stock with insane call buying and a cultish HODLer following that won't sell their shares. You can make this comparison with most tech stocks this board is infatuated with.
Posted by notsince98
KC, MO
Member since Oct 2012
18157 posts
Posted on 1/27/21 at 2:13 pm to
quote:

So it’s a pump and dump scheme?


No it is meant to frick over hedge fund manages who got greedy shorting GME. They could have bought their shorted stocks and made a ton but they got greedy and wanted to force GME out of business before buying back stack and making even MORE money.

The autists said frick you and now we are going to cost you $20 billion in your greedy shorting activities.

As a biproduct, yes some people are making huge bank but in the end the vast majority will essentially be taking a loss just to show wall street that the retail investors can play the game too.
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