Mac5005
Well-Known Member
- Joined
- Oct 19, 2005
- Location
- Rocky Mount
It’s not so much everyone on wall st, it’s just the mass of people all calling that shorting 140% of a stock is ridiculous. It’s just right now all the monkeys in the room throwing shit, decided to throw it all in the same direction.I mean, its certainly funny. But yall are claiming market manipulation by the hedge funds but really what everyone is doing is market manipulation.
Short selling is used for a lot of reasons. Its not necessarily "evil". If the stock is overpriced, and you had know it, whats the problem with short selling?
I guess i don't get behind the "everyone on wall street is evil" bandwagon. I think some people watched wolf of wall street too many times.
I don’t agree with wall st changing the rules in the middle of the retail traders taking money from the shorters.
That’s getting the brokers to protect the shorts bc they are losing money.
Not everyone on wall st is bad.
The hedge funds that over short a stock, and drive a company to zero, to make millions are bad.
The people called them on it, and they are losing billions. Then they change the rules to not lose as much covering the shorts beginning to expire, drive the price down, and prevent people from buying in as the word of what’s going on goes viral.