all the funds getting trashed are getting showed up as amateurs....by actual amateurs!
short trades are incredibly dangerous, you need a trade to go negative, but quickly before too many others also short. real, quality short opportunities are so rare that I just use a simple rule...never short.
They are betting on the market being irrational and then coming to their senses? Come on, the level of activity there, it's obvious it's not happening.
Everyone in that stock is there for one reason, and two reasons only - to squeeze melvin dry and make money.
Any downfall will happen AFTER the first condition is met.
Short trades are dangerous, and dangerous in a new way. The old maxim remains true that the market can remain irrational longer than you can remain solvent. Or in this case, retail investors will pay to enjoy your suffering longer than you can remain solvent, and consider it a cheap price to pay.
Still... if I had bigger appetite risk, I'd short this stock myself. The price is obviously too high, and there's a ton of money to be made by shorting it. But the horizon on that profit is longer than I have the stomach for.