Although it doesn’t fit the narrative of the day, hedge funds actually have to be very careful to not be seen as coordinating with each other to manipulate prices. If there were an r/hedge funds where they congregated and talked their book the sec would definitely go after them. To be fair, the SEC is wholly and completely incompetent, but they would try. I expect they will pursue the same approach to those appearing to coordinate to manipulate prices through wsb or whatever. The issue is less about manipulation and more about coordination.

Those who are short have a fundamental view. I’m not short and have no love for some firms I know who are getting crushed. It’s part of the game and those guys will be fine. The people who will eventually be crushed are the people who today, at these prices are looking to join this effort. Lots of people will lose a lot of money that they can’t afford to lose...