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re: Someone explain this Game Stop deal.
Posted on 1/27/21 at 4:11 pm to LSURussian
Posted on 1/27/21 at 4:11 pm to LSURussian
I don’t understand why this wasn’t done before now. It seems so logical reading it
1
Posted on 1/27/21 at 4:37 pm to banone74
quote:
I don’t understand why this wasn’t done before now. It seems so logical reading it
I'm not an expert here but I heard it was unusual for a Hedge Fund to take on this much risk and to do it in such a public manner. The 130% shares shorted was a giant red flag and they shorted the stock in a way that made their activity a public disclosure under SEC guidelines (typically they can hind this through normal over the counter trading). Bottom line: they got greedy and an internet brigade went viral.
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