Note: None of this is investment advice, do your own due diligence.
Some scattered thoughts on the $GME situation:
1) A real life robinhood story is entertaining, which explains why this situation has captured so much attention
2) Melvin vs r/WSB doesn’t exist in a bubble. Hedge funds are in competition with each other, it is a stretch to think that another fund didn’t notice an overload of shorts but some disorganized memeing redditors did
3) It’s by extension even more improbable to think that the memeing redditors were able to coordinate and act quickly enough without tipping off hedge funds / hfts
4) A lot of the technicals being spread around about the situation are plain... (read 178 more words →)