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GameStop’s short selling agency, the founder of WSB, described: It’s like watching a train accident. (Bloomberg)
The Wall Street Journal and CNN successively reported on the WSB founder’s views on the brief squeeze. The report noted that WSB founder Jaime Rogozinski is 39 years old and currently lives in Mexico City. Spend a lot of time during the week. to care for the three-year-old twins.
Rogozinski said he never thought that the Reddit forum created in 2012 would become a powerful force that would send GameStop’s (GME) stock price soaring, nearly topple a hedge fund, and allow professional fund managers to the whole country will look at Twitter in shock.
Rogozinski described: “It’s a bit like watching a horror movie. You can see the bad guys slowly climbing the stairs.” “Finally, I saw an accident on this train.”
Rogozinski said that many forums that discuss transactions are overblown, and posts posted by WallStreetBets users include both “see how much money I make” and “see how much money I lose.” This is what refreshes people.
From a profit point of view, WSB proves that trading is not necessarily the exclusive game of professional traders. It is part of a nascent movement to democratize the investment world by breaking down barriers to entry, even if some people suffer heavy losses in the process. .
Rogozinski said bluntly that a large group of people were huddled together and had a place at the table, and this game was previously only available to guests.
However, Rogozinski also realized that WSB has potential legal problems. With the development of WSB, he also faces allegations of market manipulation, which are usually made by angry bears.
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