RE: Taking from the Poor - Giving the to Rich
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It's great that they slaughtered the hedge funds I just wished they had a bit more of a discussion with the type of investors and traders who are new and fomo in. Keep in mind it just wasn't hedge funds that lost money, I'm sure there were people who got in and sold off with heavy losses as well. I mean I would like to say that I'm not a perfect investor and trader myself I miss out on some things that are bullish because of this but that didn't end well. I hope they can hold on and gain but there's no telling what could happen too.
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My guess is that they were never able to hold on that long. I believe holding the stock high was never part of their plan. Their intent was to crash a Wall Street Investment fund that bet on the failure of a business. They succeeded and didn't care about the collateral damage. They focused on the biggest player, namely Melvin Capital.
I never believed in short selling and I'm glad for the hypocrisy that they revealed.
I'm not a perfect investor either, however. I feel, though, we are learning. I'm just learning at a really slow pace. I don't want to fall into any traps if you know what I mean.
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Right!! Know when to hold em know when to fold em two things to Know
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