02-24-2021, 12:10 AM
(02-23-2021, 02:35 PM)xdude Wrote: Also, there are rumors some hedge funds did make huge profits from this because they notice the change early.
I doubt it's only hedge funds which bought those shares at 300+.
Wallstreet Bets are for crazy people. In past they also lost big big money, so money is not a problem for them. They do it for "fun". That's why people in WB bought Gamestop at around 100-300 too. Their main reason is to keep Gamestop up and to counter hedge funds that we're partying over 2008 market crash (using short-sell).
At least they destroy Melvin Capital. Even though another hedge funds get huge profits, at least they destroy one of them.