Item — HN Reader

I'm not holding. I don't own any GME stock. I've just been following the story.

> some shadowy cabal of hedge funds

You keep diving into hyperbole. It's just hedge funds that bought naked short positions and got caught by the market. It's pretty simple.

1 comments

> Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse.

> Instead an army (make no mistake) of small retail investors…

> You may not understand it, but this is war.

> Don't be confused. This is war.

I keep diving into hyperbole? I think this conversation has run its course.

There's a reason I've been following the story. There is nothing new about hedge funds naked shorting (essentially counterfitting) shares, and nothing new in the SEC's refusal to do anything about it.

What's new here is that this is the first time in history that retail has simply used collective buying power to catch them out at it. By simply en masse buying and holding directly registered shares, it puts them over a barrel.

The statements that it's war or what could happen aren't hyperbole -- and I find that fascinating. We'll see...