Kudos to your balls. No concern this sucker goes piggly wiggly circa the 1920's? Saunders had the same idea.
A different view on why GME was restricted in some brokerages
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Yes an incredible amount of concern...more than I can articulate.
The only differences are (1) when they halted trading in PW the shorts were able to go around and buy up shares from uninformed individuals ...today the entire world is becoming savvy to the situation thanks to social media platforms allowing for free discussion on what exactly is taking place and (2) in the case of Saunders it was just 1 dude vs all of wallstreet...this time it is millions of people that will get burned if they side with the suits. It won’t be one mega rich white guy losing money it will be family and friends...I don’t know if anyone else has noticed but society has been pretty fucking unstable as of late...worst it’s been in my lifetime in fact...
also...and I am more or less alone on this and probably wrong but...IMO this whole situation will draw down the entire market. you can see fear in the SP500 as it sold off at close Friday. It is exposing the inability of the top investors in the world to make smart trades and proves the little guy can make money in the markets without paying someone to manage it.
Even if you don’t agree with any of that I just don’t see any way this event can be seen as anything but extremely bearish on the general market.