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anyone here been paying attention to the GME/AMC short squeeze saga that has been going on since late 2020?
if there is any truth to what the 'apes' are saying, the ramifications for the overall market could be tremendous and far-reaching (with hedge funds having to liquidate their holdings to meet margin calls) - especially in conjunction with other current economic factors (evergrande default, obscene inflation figures, the coof, etc.).
the GME short/gamma squeeze could turn out to be a once in a lifetime transfer of wealth from the 1% of the 1% to the common folk
disclosure: am invested in GME.
if there is any truth to what the 'apes' are saying, the ramifications for the overall market could be tremendous and far-reaching (with hedge funds having to liquidate their holdings to meet margin calls) - especially in conjunction with other current economic factors (evergrande default, obscene inflation figures, the coof, etc.).
the GME short/gamma squeeze could turn out to be a once in a lifetime transfer of wealth from the 1% of the 1% to the common folk
disclosure: am invested in GME.
