Replies

The Hedge Funds are in trouble. Not just a little financial trouble, but a lot of legal trouble.

What triggered the buying of Gamestop was people on Reddit noticing that short sellers had sold 140% of the actual amount of Gamestop stock. The hedge funds not only sold stock they didn't have (Naked Short Selling, which is illegal, at least when mere mortals do it), but 40% more than exists.

This is why many brokerage houses have halted retail investers ability to buy Gamestop

Much of the volume of Gamestop trading involves stocks which do not actually exist. The trades cannot be cleared. The trades cannot be settled by the clearing firms..

And once this becomes painfully obvious to the general public, too many uncomfortable questions are going to be asked.

101 posted on 01/28/2021 10:31:57 AM PST by PapaBear3625 ("Those who can make you believe absurdities, can make you commit atrocities." -- Voltaire)

To: PapaBear3625

Time for the Wallstreet brand of popcorn to hit the market 😀

112 posted on 01/28/2021 10:44:33 AM PST by free_life (If you ask Jesus to forgive you and to save you, He will. As )

To: PapaBear3625

I'd think they are only in legal trouble if the Biden DoJ chooses to prosecute them.

-PJ

114 posted on 01/28/2021 10:49:15 AM PST by Political Junkie Too (Freedom of the press is the People's right to publish, not CNN's right to the 1st question.)

To: PapaBear3625

GME can clear it. Issue more stock at the shorted price tomorrow.

I suspect there are a lot of calls going on demanding they do just that

119 posted on 01/28/2021 10:57:24 AM PST by redgolum (If this culture today is civilization, I will be the barbarian )

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