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<blockquote data-quote="joost" data-source="post: 1432266" data-attributes="member: 10307"><p>Short squeeze ain't new concept. Some influencers are pumping stocks from failing businesses by exploiting people's envy. Gullible people buy in droves thinking they're screwing "rich bankers" but that's not true. Some might see the opportunity, buy, take some profit and close the trade. When I saw a post about a guy saying he never had more than $1000 in the bank and decides to buy GME and never sell to "prove a point". It reminded me of people talk about reparations.</p><p></p><p>Short sellers are free to bet like they want. They're not the ones responsible for a business to fail. Elon Musk posted on Twitter saying he "secured" money to turn Tesla private. Some conman move to screw short sellers.</p><p></p><p>I don't mind people gambling. I just don't think it's a good example for the young ones to think you can beat the market <em>consistently</em>.</p></blockquote><p></p>
[QUOTE="joost, post: 1432266, member: 10307"] Short squeeze ain't new concept. Some influencers are pumping stocks from failing businesses by exploiting people's envy. Gullible people buy in droves thinking they're screwing "rich bankers" but that's not true. Some might see the opportunity, buy, take some profit and close the trade. When I saw a post about a guy saying he never had more than $1000 in the bank and decides to buy GME and never sell to "prove a point". It reminded me of people talk about reparations. Short sellers are free to bet like they want. They're not the ones responsible for a business to fail. Elon Musk posted on Twitter saying he "secured" money to turn Tesla private. Some conman move to screw short sellers. I don't mind people gambling. I just don't think it's a good example for the young ones to think you can beat the market [I]consistently[/I]. [/QUOTE]
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