by John Galt » Thu Jan 28, 2021 10:18 am
oh yeah shit will hit the fan
speculators are the worst kind of people. now they want regulation that retail investors start playing their stupid f**k games. the thing is, they can't negotiate with a mob of retail investors like they could if it was two hedge funds f**k with each other
you're right that some hedge funds may be able to make some money at the expense of their competitors, but it is out of their control and never was in control. u/f**k has been pushing this for a year. literally an entire year he's been saying this would happen in january 2021. there are still more shorts than stock that exists. selling naked shorts should be completely illegal to even think about, and these hedgies get away with this shit. shorting a company at even 50% is dangerous and they shorted to 140%. it's at least 120% short still. stuff starts coming due tomorrow, meaning if you hold this it's going stratospheric. sure maybe you might lose some money, or not realize the insnae levels it will reach since you don't sell on time. okay, whatever. but we get to see some hedge funds jump off skyscrapers and since they are the worst f**k people nothing of value will be lost
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.