>>6294
No it's realistic. Tell me where Citadel and the other major shorters are standing financially now? I recall in these very threads around just before the time the shorts were to closed and everybody was getting ready for the end of the squeeze, people said the shorters had extended the shorts and doubled down. Then the hype died long before those extension deadlines, GME plummeted, and nobody seems to much talk about it. Instead they opt to focus optimistically on how the class action lawsuit with Robinhood will turn out while pretending shortsellers lost billions on shorts they closed
while GME was low again . Where did all that money pumped into GME go? Into the hands of those who got out early and anyone shorting it even further while it was high, which are the initial shortshellers that supposedly lost billions and then doubled down on their shorts. Who's most likely to have gotten out early? The major investment firms who were there to make money, not solely to fuck over some shorter fat cats.
And speaking of the Robinhood lawsuit, I don't see that panning out either. What people seem to not understand about these trading apps is that the trades aren't instantaneous. When they tell you that you've just bought stock, you don't actually own it yet. It can take up to 24 hours from the moment they tell you that you own the stock, to when they actually purchase on the stock market. Like shortsellers, if the stock goes down in those 24 hours, Robinhood profits by pocketing the difference.
I believe they also make money by loaning out your stock if you don't opt out of that. Also like shortsellers, if the stock goes up, trading apps like Robinhood have to cover the difference. What happens when hordes of redditors are all buying stock that is in the middle skyrocketing
minute by minute? Robinhood begins to run out of money , can't afford to pay for those stocks, and people are prevented from buying those particular stocks that are about to break Robinhood's bank, including people who already "bought" those stocks having their stocks "sold", because Robinhood hadn't actually bought the stock yet and people are just getting their money refunded. I don't understand how everyone here missed this, but I do understand
why I didn't see much pro-Robinhood propaganda on this point. Because Robinhood
is the scapegoat . As I said earlier, when the Robinhood lawsuit began, attention shifted away from the shorters from the most part and onto this lawsuit, with only tenuous connections between Robinhood and the shortsellers being made. It's a distraction. The redditors were played like a fiddle.