The funds are obligated to buy on Friday because they shorted like 250% of the stock, and that all comes due on Friday. That's why they're freaking out, that's why WSB stepped in, etc etc. They'll HAVE to buy stock at that point, and the higher it's value, the more they'll lose.
The funds thought that risk was for lesser human beings. But by intentionally putting themselves out there by blatantly trying to ruin GameStop for financial gain, they left themselves open for someone -- WSB and 4chan -- to screw with them.
The funds are obligated to buy on Friday because they shorted like 250% of the stock, and that all comes due on Friday. That's why they're freaking out, that's why WSB stepped in, etc etc. They'll HAVE to buy stock at that point, and the higher it's value, the more they'll lose.
The funds thought that risk was for lesser human beings. But by intentionally putting themselves out there by blatantly trying to ruin GameStop for financial gain, they left themselves open for someone -- WSB and 4chan -- to screw with them.
Just when I lose hope, the mass provides giggles.
I love it.
Theres a ton of other short interest stocks to be targeted next. These hedge funds cant do shit about it short term.
Im sure theyve learned their lesson, but they cant just put the genie back in the bottle in one night. This may ne a few wks of tendie goodness.