Posted on 01/30/2021 8:43:32 AM PST by CheshireTheCat
I guess instead of “Wall street” they could name the game “Main Street”
That sounds like a good rule. They should go back to that.
They could still trade in decimal points but only allow short at a eighth or quarter ticks
I’m guessing Game Stock is not in their new “long” business model
A hedge fund's worst enemy is not the companies they're betting against, nor activist investors like the GameStop situation. Their worst enemy is other hedge funds who can't wait for them to fail.
The politicians, as long as they're paid, couldn't care who gets burned.
If you ever seen this guy his mere presence on CNBC has caused stocks he talks about to crash dude deserves everything he gets for all the money he’s cost the little guy
If you look at the Wallstreetsbets reddit board, there is “trader” claiming they only closed out a small portion of the shorts. According to him, they are spreading disinformation (who would think) that they settled there obligations in order to trick the people holding the stock to sell it. Personally I believe this based on all the fraud that is put before the american people.
I think Short selling has its place and shouldn’t be prevented, except for some restrictions on overburdened use.
Its a risky thing to do and the GME ultimately provides a harsh lesson to those who short sell at ridiculous amounts beyond where there is actual stock to cover a sale.
I wasn't talking about naked shorts.
I heard that the Enron fraud was discovered by short sellers, so I think short selling has a place in order to ferret out fraud, but these hedge funds are using it to deliberately make money by killing a company.
How does a hedge fund short sale make people stop buying at GameStop?
Gamestop is mainly a brick and mortar company, i.e., they sell at shopping malls and since the pandemic, most of those malls have seen less traffic. The hedge funds figured that this company would fail but video game players didn’t want the company to go under. If the hedge funders win, Gamestop will have to close it’s doors because they don’t sell their games online.
GameStop closing has to do with lack of customers, nothing to do with hedge funds.
There are two sides of every trade. For every short seller, there is a long buyer. If I as a long buyer think stock X is worth $20/share or more, and if someone (i.e., a short seller) will sell it to me for $20/share, why should I care if that seller already owns the stock or not? As a buyer, the short seller can be my friend if I’m right about the stock and he’s wrong.
Those hedge over shorted game stop at 147% of outstanding shares! I’m happy to see those leeches get ripped off.
That’s why the hedge funders targeted Gamestop in the first place. Gamestop was still holding on and planning to sell on line in order to boost sales.
Their short sales don't hurt or help revenues.
What's artificial about it?
When companies get overbought as in the case of tala, amazon, apple and many others that have pets that are so outrageous, he shorts come in and bring the price down to earth.
The market is nothing but a manipulated casino nowadays anyway.
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