Freedom56
Thinks s/he gets paid by the post
Looks like the hedge funds are going to close out their GME shorts at high prices if this Reddit "attack of the Kids" makes it through Friday expiration. Other highly shorted stocks are being pumped up too (BB, AMC, etc).
I'd like to see my preferreds pull back below par so I can load up on some more.
Many funds that were short will have to liquidate other holdings to meet margin requirements. This could have a cascading effect on other stocks and fixed income securities. This speculative bubble will eventually pop. Just sit back and wait to pick up quality fixed income issues.