SEC needs to shut down WSB and indict the instigators

[longshort]

Ample opportunity for the SEC to act. Fits the letter of the law and its intention perfectly.

It's all documented in the press how the Fed-enabled scum on Reddit conspired with the expressly stated goal to manufacture a short squeeze by excessively driving up the price of a specific stock shorted by a specific fund. They even succeeded in doing just that.
https://www.institutionalinvestor.c...n-Reddit-the-Seeds-of-Melvin-Capital-s-Crisis

Below a slide directly from the SEC.

Full disclaimer: I don't trade single names or their derivatives and have no interest in entities that do.

 

[jys78]

You're joking, I hope?

 

[guest_trader_1]

We are legion

 

[blueraincap]

Trump is behind all these

 

[Sprout]

Emerging swarm economics using memes as currency for generational wealth transfer.

TradFi, DeFi is unstoppable and coming for you.

when wallstreetbets discovers that BTC is to bankers what GameStop is to hedgefunds...

#occupywallstreet
#occupyhedgefunds
#gme #gamestop
#buybitcoin

 

[newwurldmn]

Ample opportunity for the SEC to act. Fits the letter of the law and its intention perfectly.

View attachment 250095

It's all documented in the press how the Fed-enabled scum on Reddit conspired with the expressly stated goal to manufacture a short squeeze by excessively driving up the price of a specific stock shorted by a specific fund. They even succeeded in doing just that.
https://www.institutionalinvestor.c...n-Reddit-the-Seeds-of-Melvin-Capital-s-Crisis

Below a slide directly from the SEC.
View attachment 250096

Full disclaimer: I don't trade single names or their derivatives and have no interest in entities that do.

it definitely undermines fair and orderly markets but it’s not with the intent of defrauding people or market manipulation. A million people talking about a stock is no different than one guy in CNBC talking about it.

 

[El OchoCinco]

Hedge Funds been doing it for decades and now people are upset? A group of people decided to squeeze the shorts and it worked.....seems fine to me. Shorting stocks is quite risky.

 

[ElCubano]

Hedge funds that got smoked are probably crying as it is all over CNBC. Cuban talking about 1 holding day period before you can sell etc.

So I buy a stock and it goes down in minutes I can’t sell without getting penalized...shut up

 

[smallfil]

When Nancy Pelosi can buy $500,000-$1,000,000 worth of options on TSLA and Joe Biden can sign executive orders which in effect benefit TSLA and other companies, this seems like a very bad joke. Learn how the stockmarket works instead, of crying like a baby each time you are caught on the wrong side of the stockmarket. The big boys (banks, brokers, mutual funds, hedge funds) rule the stockmarket and can make it go up or down. If you believe the fairy tale that amateur retail traders caused AMC and GME stock to skyrocket, you are certainly dumb. Steven Cohen, top hedge fund manager got caught with his pants down. It happens to the best of them because we are all human. We all make mistakes. Remember Long Term Capital? Guess, who made the hundreds of millions in that case? It is not the small retail traders. In this case, amateur retail traders jumped on board and got a piece of it. They got lucky. Most of the spoils did go to the big boys. Other hedge funds made a lot of monies. It is nothing personal but, just business. When they write an article on who made the most monies on this AMC and GME moves, it is going to be the hedge funds. Watch and learn.

 

[blueraincap]

I really doubt those funds have really closed out the shorts and as if the retails know they are bluffing and still pushing the hands