GME is a righteous crusade of the little guys vs evil hedge funds. Everybody is on board, the energy is crackling.
Sooo I gotta ask, cause the more crackling the energy the less clear things are, is there any way this narrative isn't true? Are we being misled somehow?
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There's some controversy about whether the #silversqueeze is a legit activist movement or a distraction engineered by Wall Street to undermine the Gamestop play.
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It's engineered, all you need to verify this is scroll r/wallstreetbets for 10 secs
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Hedge funds aren’t evil, little guys aren’t righteous, and none of it matters.
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open.spotify.com/episode/1kR8eY generally we are not being misled, but Robinhood blocking trades is more of a grey area
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Your spidey senses are right
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IMHO there is almost no part of the mainstream $GME/Robinhood narrative that makes sense.
But it is a compelling David & Goliath story that makes speakers sound really smart and listeners feel really good - causing ultra-viral transmission
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I think whats true is that concentrated wealth breeds monopolies.
Imagine playing poker with someone that can put you all-in every hand? You never get the chance to play good poker.
In the same way price is somewhat dictated by the 🐳, inhibiting small business growth.
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Yes. It’s just hedge fund vs hedge fund at that scale. Little guys are along for the ride
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Yes, the media hyped how populists with pitchforks took down greedy hedge funders from Melvin Capital, and this is true, but really...
Other hedge funders made billions and 100,000+ naive clients will lose billions in the next few months once the mania ends
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Almost certain that a lot of it is hedge funds vs hedge funds right now, with the little guys acting more like the trigger / coordination signal rather than the volume.
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