stock market crash

[ChimpMaster]

Anyone got a link to that Reddit group?

[_V_]

Anyone got a link to that Reddit group?

You mean this?

wallstreetbets

[AtW]

Fecking legends these kids now.

[Paralytic]

You mean this?

wallstreetbets

Not much talk of fundamentals over there. It's great that they're having fun at the expense of the bogeyman (boomers) but, at some point in the future (days/weeks) a good number of them are going to be left holding dollar shares they paid $100s for.

[_V_]

Not much talk of fundamentals over there. It's great that they're having fun bashing the bogeyman (boomers) but, at some point in the future (days/weeks) a good number of them are going to be left holding penny shares they paid $100s for.

Paper hands.

HOLD!

[AtW]

Not much talk of fundamentals over there. It's great that they're having fun at the expense of the bogeyman (boomers) but, at some point in the future (days/weeks) a good number of them are going to be left holding dollar shares they paid $100s for.

100 bucks to feck up greedy hedge funds? Priceless

[Paralytic]

100 bucks to feck up greedy hedge funds? Priceless

Multiply that by the number of shares bought. Have the US citizens received their COVID stimulus checks yet? That would be ironic if those funds were used to bring down a couple of hedge funds.

[AtW]

That would be ironic if those funds were used to bring down a couple of hedge funds.

And how many people lost jobs and shareholders money because of hedge funds shorting activity?

It should not be legal to short in the first place

[AtW]

Well, maybe not all of them are kids - Top WallStreetBets investor Roaring Kitty unmasked as financial adviser in Massachusetts

[Andy2]

And how many people lost jobs and shareholders money because of hedge funds shorting activity?

It should not be legal to short in the first place

Nothing wrong with shorting for price balance of a stock otherwise most stocks will be overinflated.
However I scenario where more than 100% of the stocks in circulation are being short then something is wrong with the system.