Hacker News Reader

> The endgame is the destruction of Melvin Capital, and that's going to happen no matter what.

Sure. Then what? For all the other people, that is. Just plain crashed stock prices? An unfortunate lesson in counterparty risk as they try to extract their winnings from a bankrupt hedge fund?

View on HN

Exactly. We are in the middle of the story now. There always is the person who is last to sell and whoever that is stands to lose the most. It's pretty insane how sustained the rally is. You might expect it to effect prices for a day or even two thanks to the coordination until people catch on and sell, but this has been a sustained buy from various people for almost two weeks. That kind of holding power or more specifically willpower not to sell when the stock already went up 400% is what is really impressive. I wouldn't be surprised if by the end of this every single person that owns GME is from WallStreetBets. It's inevitable that at least some people from WallStreetBets gets hurt.

Reply on news.ycombinator.com