How dare they! Unruly serfs launched a massive bull raid on shorted stock today, and value skyrocketed as Hedgefund millionaire socialists scrambled to cover their positions. KABOOM. Gamestop, GME, went from a trifling 17 bucks a share to $292 at the sound of the bell today.
So what? So a lot, because elite billionaires gambled a lot of money on rubbish companies like GME going down in value. Borrow those shares at their stupidly low price, sell them, knowing in your fiscal genius that they'll decline in value, buy them back, return them to the lender and pocket the difference.
There it is, going short, and how very awesome, let's make money out of failing businesses. Iniquitous, eh? All hail our asset-stripping overlords. But not so fast.
What if people piled into GME and stocks like it, and drove the price up? You know, like Blackberry, Blockbuster, microcaps and on. Then all of a sudden the genius shorters have to make good on their deal and buy those shares back at massive loss. Welcome to margin calls and utter disaster.
No wonder the /rwallstreetbets Discord server was taken down this evening. But lo and behold, the portal's up again and it looks like the djinn's outta the bottle. Let's see what tomorrow brings.
That in mind, here at the Compound we have a simple and hopefully compelling message to retail investors. Hold the Line.
LSP
