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RE: Cindicator: Gamestop and other predictions
Dear @bengy
Surely it's a very trendy topic right now. It seem to me that even people not interested with stock markets heard about current issue with gamestop.
I've been wondering: would it be possible and profitable to open short positions on gamestop right now, while price is so high and assuming that very unlikely it will still grow much?
Could hedge funds make billions by shorting it right now?
Any thoughts on that?
Yours, Piotr
No idea, I think that hedge funds can do whatever they like as they have enough to absorb these losses. I'm all for "sticking it to the man".... but I have the feeling that a few hedge funds got caught with their pants down, but others have really profited.
In the end, I think that people that got caught up in the hype and the ideal of "sticking it to the rich"... those are the poor people who are really going to get burnt.