Comments by "Hyperpandas" (@Hyperpandas) on "Investment Analyst Explains: Dumb Money" video.

I see it a bit differently, and worse. It really was just a big pump and dump scheme that was dressed up in a "common person vs the billionaires"story. But, both the retail investors flocking to game stop and the hedge funds that (ironically) made the most money off it, were just pushing the price up way beyond the fundamentals, and all but the least knowledgeable had to know they'd have to exit, with everyone left holding the bag. So, not a gamble, but more of a scam.
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@buyerclub2 The hedge funds who came in later wanted more people to come in for sure, both because it helped pump up the price and they needed someone to buy when those funds exited. But the scam was also perpetrated by the organized retail investors, whether all of them knew it or not. Encouraging everyone to buy the stock with the sole purpose of propping it up is identical to a large fund doing the same, because the end game is to exit at the inflated price leaving everyone else holding the bag. It doesnt matter that some of them told themselves they were just sticking in to the (original) hedge funds with ridiculous short positions, it could only end in tears for whoever couldnt get out when it inevitably collapsed. That's what a pump and dump scam is. I think we're actually seeing the same thing (based on your latest comment), I just see it as more nefarious than you do. Which is fair, its just a matter of perspective and opinion.
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