[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

[CatOwner]

Only difference is what the couple did with the road was due to neglect on the part of the HOA and sort of in silence, whereas the stock purchases by the Reddit were very public and legal.

If people are led to believe whatever they purchase in the stop market can be overturned at any time, I want to watch the markets crash and crash hard.