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RE: Michael Burry (Big Short) Had Already Bet Huge on Gamestop + Robinhood Business Model + Censorship + HIVE DeFi + Other WallStreetBets Coverage

in LeoFinance3 months ago

What I don't understand is how the big funds thought that shorting more than the entire supply of a stock was a good idea in any way. I am happy to see the manipulation coming back to bite them, but the following regulation was brutal. Seeing the guy from the big short jumping into this makes me think that WSB may be a lot smarter than they have been given credit for.

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Media created a very distorted image. their coverage of the events will only be outdone by the likes of state media of Stalin's Russia or Hitler's Germany. Michael Burry was betting on Gamestop ages before WallStreetBets started doing their thing.

What I don't understand is how the big funds thought that shorting more than the entire supply of a stock was a good idea in any way.

It is just insanity coupled with greed. You don't need to be a genius to see a short squeeze coming.

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Fair points. The greed is readily apparent!

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