Am I the only one who thinks this is a plan to crash the market, but conveniently blame small investors instead of big banks and hedge funds?
-instead of closing out their shorts while the price was lower literally 30 hours ago, they doubled down and increased their short position.
-the information was promoted on Reddit instead of being instantly shadowbanned
-MSM instantly jumped on the narrative that the little people were trying to take down the hedge funds
-while this does hurt hedge funds, they borrowed the shorted shares. This means they have to pay them back. They borrowed them from banks and investment firms. Therefore banks have an incentive to drive up the price as high as possible.
It’s all just very convenient. After 2008, everyone hated banks. Now it’s “our” fault if a crash happens.
It’s not that hard. Reddit morons did something amazing for once on their own instead of riding on 4chans coattails.
Plausible Deniability.
It went up to 500, fell to 50, and rose back up to 120. Eh, we'll see how it goes.
Am I the only one who thinks this is a plan to crash the market, but conveniently blame small investors instead of big banks and hedge funds?
-instead of closing out their shorts while the price was lower literally 30 hours ago, they doubled down and increased their short position.
-the information was promoted on Reddit instead of being instantly shadowbanned
-MSM instantly jumped on the narrative that the little people were trying to take down the hedge funds
-while this does hurt hedge funds, they borrowed the shorted shares. This means they have to pay them back. They borrowed them from banks and investment firms. Therefore banks have an incentive to drive up the price as high as possible.
It’s all just very convenient. After 2008, everyone hated banks. Now it’s “our” fault if a crash happens.