WTG on that REIT trade. Well done!

I hope you're right and there wasn't a more nefarious side to all this. You make a great point to with the people that took the long side of the hedge.

I somewhat agree with you about the reddit traders but think most people knew the risks of this trade entering. I even sent out a warning tweet about "dumb money" losing when the bottoms fall out of these trades and they would have eventually. Someone would have been stuck holding the bag. It was absolutely inevitable in this situation.

I don't think Robinhood or any other platform involved tried to hurt their customers intentionally, but I am soooooo suspect of the way they left the sell side open like that and closed the buy side. Honestly, had they just halted all trading or set a cool off period I probably would have been OK with that. Leaving the sell side open is where I take serious issue.

Like you said, lawsuits have been filed and we'll have to see what the regulators say about all this. I think we're going to be hearing quite a bit about this over the next week or so. This was another history making event 😆

Thanks for this terrific comment.

!ENGAGE