January 29, 2021

Wall Street hates being taken for a ride but is ok with taking others for a ride

This post is all about how Reddit amateur traders trapped a Wall Street hedge fund and caused a loss of 2 billion dollars via a massive short squeeze.

Many Reddit traders became millionaires after investing barely 20K-30K dollars in call options.

Wall Street did NOT like this and tried everything to break the retail traders.

They even went to the extent of stopping trading in the stock so that they could reduce the losses.

Here is a collection of responses... shows how much the retail hates Wall Street:

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