[Political Junkie Too]

Nasdaq is considering halting so firms can ‘rebalance’. whatever that means.

It probably means they are going to try to nullify the trades and restore the stocks back to last Friday's close.

It's probably highly illegal and unethical to confiscate these people's private property like that, but the rulers want their crown jewels back, even if they had to hock them to pay off their debts.

-PJ

[Political Junkie Too]

It reminds of the story a few years ago of the couple who bought the private road outside the rich neighborhood where Nancy Pelosi lives in San Francisco.

The HOA failed to pay the property taxes on the road and the property went up for auction. The couple bought it, and then stayed quiet about it for two years before demanding the residents pay them rent to use the road.

The residents were furious and went to the San Francisco city council and demanded the return of their road. The courts nullified the sale and gave the street back to the rich folks.

I expect the same will happen with these stocks. The sales will be canceled, including the shorts, and it will be like nothing happened.

Except that it did.

-PJ

[DesertRhino]

And THAT will lead to a class action lawsuit. There isn’t the slightest thing illegal, or even unethical about this. It is exactly, precisely, what the hedge fund is doing.