GameStop Is Rage Against the Financial Machine

I bought into this at around $80. Was shocked to wake up and see it at $350.

It's really not. Because eventually retail is going to get destroyed.

Yes, some hedge funds have lost their shirts, but those are the first ones who were in the short before the squeeze. The hedge funds and more importantly day trading shops making money right now are the ones who saw the activity and are goosing the stock price right now. I don't know if people realize that there are thousands of day trading shops where hundreds of people are in a single room, like an internet cafe, where people are day trading at terminals and people bark orders to each other and they all jump on the same stocks. These are probably the shops that are responsible for most of this volume.

There is no way that WSB boosted the price for $40 to $400. Those are hedge funds and trading shops that jumped into it afterwards.

They will sell at the top, and retail investors are going to buy on the fall, thinking it's "on sale" and then they will get wiped out.

Well until you have a definite consistent strategy to make money off it, its still "efficient market" with noise.

The noise just got bigger...

“The market can remain irrational longer than you can remain solvent.” - supposedly John Maynard Keynes

The duplicity of the media here is funny!

Melvin has not closed out of its short position.