I'm hearing more from financial media about "protecting retail investors" by stopping trades than I ever did when big banks were buying credit swaps in 2007. **** these people. They say the market isn't a casino but they were more than willing to make it into a casino for their buddies.
It's winning the battle, but not the war, as eventually these will crash and those that don't get out are left holding the bag. All of this bad behavior stems from easy money Fed policy, artificially low interest rates and money printing. Ultimately the way to stop this is to buy and hold bitcoin. It is immune to all of these games. Chamath knows this as well as anyone, which is why he has massive bitcoin holdings.
Sold 40% thanks to the Dr. Might buy more next week or so. They want to do good things with that money. I think.
since mainstream articles tell me nothing, and i don't feel like reading a 100,000 comment reddit thread, can someone explain why they are going specifically after the high short interest stocks? just because that's the easiest place to create the huge risk/reward ratios? like, i totally get the anti-establishment part of it, but why short sellers. i am guessing most of the "system", most of the reason for wealth inequality, is from rich people being long the market and benefitting from the ridiculous largesse of the Fed in bailing out every rich person they can find. if anything, short-selling in a world of overvalued companies seems to be fighting TPTB.
Just catching up. Memestonks aside, my regular stocks got hammered. I've been manning my positions all day. I feel like I worked out after this morning. I haven't even started REAL work yet. NOK printed. This thread BLEW UP, man, wow. WHAT A TIME TO BE ALIVE!
This narrative of wall street vs the everyday man is TRUE when it comes to GME, but to me, it can/may stop right there. Why are we acting like institutions cant also profit off this? I fully expect institutions to pump and dump memestocks and leave the retail traders bleeding out. I believe this may happen VERY SOON, as soon as... AMC. 135% short interest is not the same as 38%.
Well it is pretty shitty that a hedge fund can be short 130% of a stock.. The bigger problem is, hedge funds **** over the average person, daily. Whether it is manipulating stocks, shorting stocks, pump and dumps, etc. Then if they short a stock like GME, and it goes up like it has, they get bailed out by the guvment before they go bankrupt. If a retail investor does that, oh well, you are **** outta luck
Oh I am sure institutions are piling up profits as well. In volatile markets/stocks retail need to keep limits on their orders so they aren't wiped out. But then again, they are visible and institutions swallow up shares with stops set. The market is still very much ran by institutions. AMC will be interesting after hours.. one way or the other lol
Haha. Yeah, I was watching it from my bed. I'm up something like 600-700%, I think. I'm not that worried about this blip. I expected it to drop even more considering the share offering they announced yesterday plus the looney trading with GME and other stocks today. I'm still in it. If it trades down to around $50, I'll be out. Muhahaha... now watch it quintuple!
Jerome Powell about to talk ... hopefully he doesn't rock the boat too much. Look for comments about inflation and interest rates...