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[quote=Anonymous][quote=Anonymous]this is not good. People are trading not on the quality of the stock (e.g., value), but rather on trends/emotion. Someone is going to get hurt. I know GME is overvalued, and if I had the guts, I would sell short, but that is contrary to my strategy of the long game. [/quote] It isn't about GME being overvalued, of course it is. At this point, it is about punishing hedge funds who overshorted stocks...because they could, and are now reaping the retribution for doing so. Likely shorting rules will be changed so as to not allow more shares than the float from being shortable. Sorry a few hedge funds might go under in the meantime. Shit happens.[/quote]
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