Originally Posted by
tforturton
I don't understand how they can say that a group of people getting together to buy up stock is 'manipulating the market'. Surely a hedge fund betting that a stock will go down is 'manipulating the market' just as much, if not more? Also interesting to see that hedge funds are now getting out of other low-priced stock, such as Blackberry, as they think something similar might happen there.
The owner of Gamestop is the one who has made the most money, though of course it's only hard cash if he sells his shares. The sad thing is that once everyone starts selling up, and cashing in their earnings, the share price will go back to where it was. It's a retail business in an online world - it can't last forever. So in a way, the hedge funds were right all along, it's just someone took them for a very expensive ride.