I agree. There was an article on ZH last week about a hedge fund that made 700 million of the GME fiasco. I'm not convinced that the cat and mouse game didnt start PRIOR to this year.
The WSB crowd will influence the market now. But the smart hedge funds will have a far faster response to any movements generated by the group at WSB and will likely come out ahead over and over again.
I think what we are going to see more than anything else is the WSB people (as a group) losing their money.
They can be read and they got the attention of everybody with the GME stunt, the relative anonymity they enjoyed which played a huge role in the surprise effect of their GME move which caught unsuspecting hedge funds off guard, is gone now, that's a given, it's not going to be same again
(post is archived)