The money allowed the investors, or speculators, to “pile drive” the hedge funds, forcing them to cover their short bets for substantial losses.
Omega Advisors chief believes the GameStop frenzy will end badly. "I’m not damning them. I’m just saying this will end in tears."
After manipulating the price of many stocks with high short interests, silver may be the next security to go wonky. But remember the Hunt Brothers.
"I'm going to take a break for now," Cohen said, citing "personal threats" from GameStop traders incensed by his firm's efforts to subsidize shorts.