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The Lounge
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Reddit Attacks Wall Street
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[QUOTE="russ_watters, post: 6450091, member: 142"] My understanding is part of the motivation of the redditors is to harm the hedge funds(which they did). I think it's fair to call that an attack. I'm not sure what else to call it. Competition? Maybe, but in managing my portfolio, what good/harm I'm doing to other investors never enters my head. These reddit users batted an eyelash. I think it's fair to say that if hedge fund managers knowingly take actions that will depress a stock (while they profit from it), that's an attack too. So, the way I see this; the hedge fund managers attacked Gamestop. Reddit saw that and didn't like it, so they counter-attacked on Gamestop's behalf (successfully). What I'm not sure the redditors have thought through is their own endgame and risk. [/QUOTE]
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Reddit Attacks Wall Street
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