There is something massive happening here....
It's like a contagion is spreading and it's going to KILL many Hedge Funds.
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BOOM! I think you are right!
It's funny to see the self-proclaimed 'experts' on reddit, and even filtering onto here thinking that retail has figured out a way to game the short squeeze hedge fund system.
I think a few anti-establishment big money players are fucking with the market at the behest of the hedge funds and laughing their asses off at the funds scramble to figure it out.
One possible player: Elon Musk
That's the first person that came to mind.
Remember when he got fined by the SEC? He does not like the hedge funds and the short squeeze.
He even said the $20 million fine was 'worth it' haha!
https://www.livenewsnow.com/american/cnbc-america.html Insane back and forth between Chamath Palihapithiya of Social Capital and CNBC talking head, Scott Wapner.
Wapner HATES what is happening!!
Oh yeah, they are also creating the 'Streisand Effect' right now and MSM is stuck between a 'rock and a hard place' because it's huge news but is also tanking a lot of their buddies and funding sources at the same time.
Random thought - If Elon Musk was a natural-born American citizen, he'd have a pretty good shot at becoming president.
Imagine the investment in the space program if Elon were in charge of it all. Solar and electric cars for everybody. :)
Shit, we'd be colonizing the solar system by the end of his first term.
What subs are the redditers posting in?
wallstreetbets
That's where this type of stuff usually starts. It's been months long on this one already.
Where can I read more about this story?