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Re: hweb2 post# 50661

Monday, 04/12/2021 6:39:14 PM

Monday, April 12, 2021 6:39:14 PM

Post# of 53798
I don't want to argue with you as it makes no difference at this point.

I will mention a couple things though. GME is a different situation but for a few months prior to the price explosion, there were more shares shorted than existed. In your world you seem to think that cannot happen. The reality is it happens all the time. It is called naked shorting and it still happens every single day. The naked shorters do so because they either believe they will never have to cover or know they can cover at a lower price.

Even when a brokerage like Fidelity says there are no shares available to short, if you are a licensed broker or have access to your own customers accounts you can short using their positions. You can even short multiples of positions by using leverage.

Another way to think of it is this way. What if at noon on March 30th all accounts everywhere could have been frozen and then all the VTSI shares added up. Do you think the sum would be 7.75million? I promise you the total would have been 20million or 30million. Is that physically possible? In your world the answer is no because only 7.75million shares exist. In my world I believe this sort of crap happens all the time.

You and I are small potatoes and we follow the law and SEC rules. Not everyone does.
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