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eternalny1 | 5 years ago

To me, it seems like people just noticed something absurd in the market (a short % over 100) and were pointing it out.

It was a perfect set-up for a historical short squeeze if the right catalyst came along. And that catalyst wasn't simply the people on WSB, there were other catalysts such as the Chewey founder coming in, and then earnings reports.

Once those factors played out, the people who noticed the precarious position the hedge funds had put themselves in got to watch their exact predicitions come true.

I don't see how that can be confused with a pump-and-dump scheme or any sort of market manipulation.

discuss

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snet0|5 years ago

I think if it turns out that (and I have no idea if this could be the case) some of the "key" figures in riling up WSB were holding GME prior, and sold like 2 days ago, that would be a pump-and-dump, right? I'm not totally sure, but I believe that fits the criteria.