There is something "systematically wrong" when ordinary people start making money, and this SwampMan's A-hole Wall Street cronies start losing !
Ordinary people are being manipulated. There is no way this stock is worth $200 a share. Someone is going to make a fortune short selling this stock. Everyone else is going to go broke.
I am sure there were lots of margin calls coming in this past week. Imagine shorting the stock when it was around $20.00 and now having to cover a $130.00 per share spread.
It’s ok when the Hedge fund managers manipulate and short the retail investor into oblivion. But when things are turned around it must be investigated.
Grand Theft Tulip?
The solution would be to ban short-selling. But of course they’re going to regulate the retail investors.
Two sides are going to lose on this.
The original short sellers, if they can’t cover. They can make their $ back, ironically, if they short again now that the price is ludicrous, but they will need to raise cash to do it. Don’t know if they can. Probably.
The many thousands of reddit and other buyers. If they are wise they would have individually put in just token $, and can accept a small loss for the fun of annoying the hedge funds.
Celebrity stock.
No different than all the celebrities that have zero talent being so celebrated.
The Kardashians.......
The peasants are revolting.
Why does the “top securities regulator” think options trading has anything to do with this short squeeze?
Does that make it an 'existential threat'???
Elites are so full of BS...
There is something “systematically wrong” when ordinary people start making money,
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Yes there is and that must be stopped - the cure is the ‘mark to market’ and FTT income tax proposals - all non-institutional traders to be driven out, while institutional buyers can be tightly controlled, and then eventually, be consolidated into government.
The goal of Socialism is Communism - VI Lenin
Beware of a Biden Tax On Unrealized Capital Gains
https://freerepublic.com/focus/bloggers/3928975/posts?page=1
A dying corporation sees its stock double in one day... and you think it’s average joe making some bucks?!?!
No, it’s folks manipulating the market for self gain.. those ordinary folks will largely be the ones left holding the stock when the manipulators stop pumping and dump it en masse, and see the stop drop to 1/2 of what they paid for it.
BINGO!!!
May be a bunch of Congresscritters on the wrong side of this trade
Who is going to walk out in front of a train like the guy that was short selling Volkswagen (VAG)?