Day traders do it all the time as well. Normally (at least in a bull market) it's a sure way to lose money, unless you have some insight or inside info that makes it a certainty that the stock will drop.
In Biden's America, it made sense - he's fucking the economy, retail is way vulnerable right now, so they short some dinosaurs about to totter off the cliff and die in order to make a few bucks. Reddit's WSB forum catches this, hatches an awesome plan to make zillions by driving a bubble, then manages to pull it off.
Day traders do it all the time as well. Normally (at least in a bull market) it's a sure way to lose money, unless you have some insight or inside info that makes it a certainty that the stock will drop.
In Biden's America, it made sense - he's fucking the economy, retail is way vulnerable right now, so they short some dinosaurs about to totter off the cliff and die in order to make a few bucks. Reddit's WSB forum catches this, hatches an awesome plan to make zillions by driving a bubble, then manages to pull it off.
Short selling Gamestop was the right call, they just overdid it.