/biz/ - Business & Finance

>>26984365
An old crowd of scummy wall street hedgies lead by Steve Cohen of SAC Insider trading fame decided to short GME by 140% of outstanding stock.

All anon had to do to milk this for lulz and profit was buy 100% of GME stock and hold onto it until the shorts closed. At that point the shorters have to buy the stock at whatever price anon demands, bet it $10, $10,000, or $80085 dollars.

There are no clever plays or microsecond decisions. Anon only needed to buy when GME was at ~$10, set a sell order at whatever anon chose, and wait.

There were enough anons on WSB to do it, and they are all set to make potentially infinite bank. 50x ROI is standard for anyone who got into this early. Hedgies are in the hole for $100 billion or short losses and are burning down the US techno-financial system institution by institution to try and escape. Cohen is calling in every favour he's owed, but Friday cometh and the short squeeze now begins in earnest.

Moral of today's tale: Never fuck with video gamers when memes are on the line.