Bet this guy is talking the stock UP, so he can short it instead. It’s too high, everybody long is going to get hosed if they don’t get out. Shorting it at $200 wins big when it tanks back to ~$10
The smart money already either profited or ate their losses.
I think the idea is that the small investors know they’ll lose money, but the hedge funder criminals will lose BILLIONS.
Only if you can handle the short squeeze first. Everyone buying 1 or 2 shares at whatever price, takes those shares off the market and forces the shorts to buy ever higher. The kids over at Reddit aren’t doing this for money. They just took the free 600 and made a statement with it. Worst case is they lose it all and have a tax write-off for next year.