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Old 01-28-2021, 11:58 AM   #6905
MagicHef MagicHef is offline
The Seated Villain
 
Join Date: Apr 2007
Location: Seattle
Quote:
Originally Posted by Rain Man View Post
To me, this is an interesting comparison of "market mentality" versus "pump and dump". It's illegal to pump an dump, so what were the motivations and actions of the people who started this?
The motivations were pretty simple. By over-shorting GME, hedge funds essentially forced themselves into a captive market. Someone noticed and decided to try to take advantage to make money.
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