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Political Discussion
Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The tally so far: The shorts exited with a $5 Billion loss. The hedge funds that were long that I know of made $3.5 billion. Net losses to the big money: $1.5b. You showed 'em! And now a bunch of individual investors are holding a stock that is overvalued by $11 billion. Ouch! [/quote] Fake news. Impossible for the hedge funds to exit all of their short positions. They actually doubled down. They're still knee deep in this stock, and others.[/quote] Yup. Remember [b]they sold more shares short than there are shares in the company[/b]. They literally cannot cover. The only way out for the hedge funds is forced selling.[/quote] How is that possible?[/quote]
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