A 26-year-old short-seller on the Reddit retail army and shorting in the longest bull market in history
Reed Sherman says most Spacs should never have made it anywhere near a public stock exchange — and sees ESG as ‘as virtue signalling at the highest level’
Reed Sherman
It's been a wild year in the stock market. The rise of armchair traders on Reddit sent stocks like video game retailer GameStop and cinema company AMC soaring, burning hedge funds that were short.
The event helped fuel a narrative of David-esque retail investors taking on more sophisticated Goliath hedge funds. Caught in the crosshairs were investors who short — or borrow shares to sell on the market, wait for them to decline, then return them, pocketing the difference.
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