6 upvotes, 3 direct replies (showing 3)
Lol, no. The fund will just crush them after hours. It's news because no one ever challenges the established funds.
Comment by crazydr13 at 27/01/2021 at 01:37 UTC*
34 upvotes, 1 direct replies
They triggered a short squeeze so the funds are going to lose a ton of money on the initial short positions. The funds made it worse by launching short attack after short attack which didn’t work. So now the funds have even more short positions they’re losing money on and the price is even higher. It’s going to take a lot more capital to bring the price down. There’s lots of articles coming out about the specifics. Mutual funds have already lost 6Billion on GME over the past couple weeks.
Edit: short attacks are used to bring the share price down. It’s illegal because it’s a form of price manipulation but hedge funds do it all the time to drive prices into the dirt.
Comment by [deleted] at 27/01/2021 at 01:44 UTC
28 upvotes, 0 direct replies
It's up 60% after hours. Institutional investors are joining in on the short squeeze
Comment by jkbpttrsn at 27/01/2021 at 04:17 UTC
4 upvotes, 0 direct replies
It literally is doing just as well AH than during hours. You're right that they will get crushed, but not today or probably even this week.