you knew what they were attempting to do. You never would have that transparency with what a hedge fund is doing. If anything this way is safer for retail investors.
The “warning sign” that Scott kept saying needs to be out there was already there. Here was the warning: “Hey guys, this is risky but if we all do it, GME has 136% of its shares short. There will not be shares for this hedge fund to buy out its short position. We can cause this stock to short squeeze. WE DONT CARE ABOUT THE FUNDAMENTALS of the company because we are not buying the stock because we think it’s worth $X amount. We are doing this because some hedge fund managers have their hands way deep in the cookie jar and we just caught them. Again this will only work if we all do it together and if we keep our shares and don’t sell them. Don’t makes shares available for the hedge funds to buy out of their short position.”