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To: Axenolith; reed13k; greeneyes

My bet is that the “Rules” will be changed if necessary to extinguish these short squeezes ... and rather soon.

This is what happened when 2 Hunt brothers had seemingly cornered the silver market in 1980.

Rules were changed (at the COMEX if I recall), costing them huge chunks of their fortunes.

Warning shot across the bow was Thursday when RH and others changed the rules for a few hours.

Word to the wise ...


691 posted on 01/30/2021 11:55:13 PM PST by Disestablishmentarian (The next war has already started. )
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To: Disestablishmentarian

Not quite; I didn’t know it at first, but I read that RH is by default a margin account.
Rules for margin purchases are different from cash-up-front purchases, and forced sell of stocks bought on margin because of changes in the risk profile are legit.


775 posted on 01/31/2021 6:13:25 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: Disestablishmentarian

only play with what you can afford to lose...


889 posted on 01/31/2021 10:46:50 AM PST by reed13k (For evil to triumph it is only necessary that good men do nothing)
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