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Here Today

01/30/21 2:56 PM

#342501 RE: Lemoncat #342498

Oh so Shorting a stock past 140% is not manipulating the company’s share price. How can you go over 100% and call it LEGAL?????

Your view seems like you might be short IPIX....
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Longpicker

01/30/21 3:34 PM

#342511 RE: Lemoncat #342498

With IPIX the fundamentals are found in the facts reported by an independent Government lab at GMU.
With GME fundamentals have been totally irrelevant since October 2020 and are currently not part of a rational discussion.
The Manipulation in GME started back in Nov and Dec of 2016, so this isn’t something that “JUST HAPPENED”. Typically Wall Street is a one way street when the hedgies put a trade on a stock. AH and PRE market are their special playground.
Here’s the thing. Market participants (WSB) noticed a trade and they followed it earnestly. They turned Wall Street into a two way street. I wouldn’t call that manipulation. It’s just the will of a free market.
What’s wrong with that?

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Here Today

01/30/21 4:05 PM

#342514 RE: Lemoncat #342498

Your direct statement:


“The GME surge was just straight coordinated market manipulation out in the open on the part of the redditor gang.”


The Redditors as you call them are regular stay at home investors. A poster there who noted that the GME stock was being abusively shorted even though Finra and the SEC can see it in broad daylight and did nothing to stop it as they have done nothing so many times before. So he decided to bring light to the situation hoping for someone to notice while at the same time making money. The only way the markets will change this abusive habit and misconduct by these super elite rich banks, hedge funds, etc is by truly watching and I mean daily watching and stating what the TRUE SHORT numbers are at any given moment while not allowing for any counterfeiting or Naked Short Shares to be done. No more of this bullshit where Finra waits for a Market Maker to give them their Failure to Deliver or twice monthly Short Interest Numbers via “The Honor System”. In today’s day and age this Shorting and Naked Shorting is a penchant for disaster and drives good, Legit businesses into bankruptcy because they cannot raise capital when times become tough! Just my opinion.