Posted on 01/28/2021 2:29:19 AM PST by Reverend Wright
(Reuters) - The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in several Australian companies squeezing another batch of financial institutions that have bet on the stocks falling.
(Excerpt) Read more at msn.com ...
Time to lay in a supply of popcorn.
I have no sympathy for these short sellers. They’re just as rapacious as the socialists.
Sounds like an excellent way to wipe out a lot of capital quickly. Does not bode well.
John Galt, anyone?
(Philip Rothschild was supposed to be the person upon whom the character was based.)
They want to take the fracker lands and now gamestop business too?
Ping for later
Without the short squeeze, who buys at these prices?
Reddit intentionally purged much of its conservative membership with the closure of various subreddits eg ones dedicated to Trump. The usual specious reasons were given.
The point is that most remaining on Reddit are of neutral or liberal political stances.
The Wallstreetbets crowd are hardly conservative or libertarian. In fact, they are probably more left especially since they view their cause as Robin Hood-esque.
However, they are quickly discovering what happens when the Big Tech/Government tactics are aimed at them. They’re being frantically deplatformed with no explanation or recourse.
The Nasdaq CEO is a quota-hire glamour-puss airhead in her leather jacket looking down her nose at the hoi polloi.
SUPPOSEDLY Janet Yellen (yes that old boiler again) was on the phone with various and sundry insiders and power players trying to figure out how to subvert the subversion. I don’t think she is taking all possible consequences into consideration. They’re panicking.
+
Meanwhile, while Deep Stare launches a jihad against certain sort sellers, look what this CEO has managed to pull...
https://www.phillymag.com/news/2021/01/26/who-is-philly-fighting-covid/
While I enjoy the entertainment found in the battle of pajama boy day traders versus Wall Street hedge fund sharks, it is not going to end well. Federal bail out to restore liquidity in the credit markets? Stock market bubble pop crashing our 401K's? Both?
Is it foolish to believe this a false flag to enhance our dependence on Fed.Gov?
When investors make huge gains and hedge funds lose billions- Hedge fund elites in Congress: Oh, hell no! We’re gonna make that illegal!
Yep! Exactly.
Yabutt will the regulators rein in the short seller Casino playing for their own good?
GameStop hasn’t had any capital infusion with this runup unless they do a secondary offering and issue new equity. The run up helps public shareholders only. That said, I agree with the rest of your analysis.
I am sure Melvin didn’t have the majority of its assets tied up in short options of a single stock...
If they did they deserve to go out of business.
I’m sure the losses aren’t fun... but hardly should 1 stock dissolve a fund.
Or they use the stock price as collateral, which would be stupid because everyone knows this is going right back to sub $20 a share...
The Democrats will make sure the “little guy” stands no chance against the billionaire oligarchs.
Some people did something.
Regulate yes. Benefit probably not.
The excuse/reason will be ‘we don’t want the markets to be about chaos/instability for - drumroll - national security reasons.’
The usual.
Very good synopsis here...
https://greatawakening.win/p/11SK7KUx7c/stocks-shorting-and-gme-gamestop/
And that’s exactly why they are going to “investigate”. That will be the way they change the rules so they can’t lose like that going forward.
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