Any of them (but you knew that).
I am a long mutual funds guy. I am not into speculative short term positions which is more akin to gambling.
But it is obvious that a bow-wow stock that looks like this will be a candidate for short positions.
Posted on 02/19/2021 2:44:32 PM PST by Navy Patriot
The GameStop hearing on Capitol Hill was a chance for elective leaders to challenge Wall Street hedge funds on the ethics of taking large short positions on struggling stocks.
However, viewers of the highly anticipated hearing were left with plenty of questions and few answers. In fact, the only clear answer from Thursday’s hearing was the majority of politicians on Capitol Hill seem to favor the elites on Wall Street over working class Americans.
...
While committee members seemed to completely dismiss the idea that Melvin Capital and other hedge funds conducted an illegal naked short on GameStop, one person who did receive intense questioning was a man named Keith Gill
(Excerpt) Read more at oann.com ...
What kinds of stocks is it ethical to put on a short position?
I hope these kids f#ck them again.
And water is wet....
It’s simple. Average schmoes can’t give huge campaign contributions—which are then used to “buy” propaganda to fool those same average schmoes into voting for Congresscritter Smith.
I would have answered all of their questions with:
No, I did not Borro0w 140% of the available stock and dump it all immediately to crash the price of the stock while getting filthy rich.
I didn’t need the hearing to know, just the seeing did it for me. 😜
Mr Smith Gets Rich in Washington ... that would be the honest title of any remake.
Pump and dump penny stocks, for starters.
If you watch closely you can see the tell tale signs on the tape and on twitter.
I try to catch the wave both ways.
They pump it up and then dilute the company.
Run it into the ground. Reverse merge later down the road and start all over again.
They also use each other in the con. Lots of PRs of XYZ in a deal with ABC, etc.
The assumption is ludicrous. Finance markets are one of the most highly regulated industries in the nation. The myriad of rules and regulations are meant to “protect the investor”, but the reality is it ends up looking like this sometimes.
Thousands of idiot kids were probably saved from buying GameStop at $450/share.
Any of them (but you knew that).
I am a long mutual funds guy. I am not into speculative short term positions which is more akin to gambling.
But it is obvious that a bow-wow stock that looks like this will be a candidate for short positions.
“What kinds of stocks is it ethical to put on a short position?”
IMHO it’s perfectly ethical to short hedge fund companies, Wall Street bankers, and other such predatory investors.
Hedge funds, green energy companies, and foreign nationals are top Capitol Hill priorities. Ordinary American citizens go to the back of the bus...or under the bus.
One of the ones I had fun with over the last two weeks is SNDL. I think have spotted one of the main paid pumpers on twitter. He is very successful. His stocks go up. Until they don’t. And they usually end up with a shelf offering and other sorts of dilutions.
Dave Portnoy got burned on SNDL. Blamed it on Robinhood, etc. Got back in. Don’t know if he got out before the shelf offering was announced.
And for those people that think that the SEC has all these rules and regulations and everything is on the up and up...you haven’t watched it close enough. Yeah, some people go to jail. Most don’t.
Thousands of idiot kids were probably saved from buying GameStop at $450/share.
Yet the market was not closed for the Wall Street banksters. Why is that?
Sorry, not buying the “We wrote that complicated law with the BEST intentions to protect the little guy, it’s just one of those ‘things’” argument.
btw, the wallstreetbet guys kept talking about Gamma Squeeze.
It can happen in reverse.
I am convinced that is what happened with Tesla.
Someone spent some money..dont remember how much...maybe about $80k on puts that are so far out of the money that it makes no sense to buy them. When I saw Will Meade alert it I didn’t pay close enough attention. Sure enough..down Tesla went. I think it was an action to facilitate a move.
GME traded at $38.50 today, down from over $500 just 3 weeks ago. Gravity has not been repealed.
btw those puts were $20. Tesla is over $700
Someone theorized that somebody was laundering money.
Others thought it was a hedge fund just doing research.
I am going with it was an attempt at a Reverse Gama Squeeze.
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