This is getting ridiculous, anything that goes up they want to regulate
At least we can shift the spotlight off of bitcoin for a bit here.
GameStop continues to be on tear, trading as high as $380 per share now, as a reminder it was worth $5 back in August.
(Source: https://chainstoreage.com/gamestop-talks-store-reopenings)
Now regulators are calling for a stock suspension or other regulator actions to stop the craziness.
It's all the talk everywhere.
I wish I could say I'm surprised, but I am not. We've seen this with bitcoin any time it goes up and is what spooks new investors out.
Once it shoots up they say it shouldn't be going up so there must be fraud!
So tired of hearing this from regulators.
Retail loses far more than they win to wall street. Well here we have an unusual situation where retail has been able to stick it to institutions who shorted big time prior to big run up.
They were short 140% of the outstanding shares btw, how can that even happen?
If regulators want to look at something, look at why they are allowing up to 140% of anything to be shorted!
You should never be able to short more than 100% of a company's stock.
That means that companies are being loaned the same shares more than once, which in theory means that they could supply unlimited selling pressure.
That's a broken system in my opinion.
So, if you want to look at why this is happening look at your rules of allowing institutions to short more than 100% of a stock's outstanding shares.
With a democratic administration I suspect we are going to see more regulations coming, fun stuff.
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The market has been broken for some time. It’s like a rigged casino: When the house wins you and I have to pay up...When we the people win then something must be wrong.
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Well put. That is exactly how it is!
Well if you short the majority of the share float and there’s only so many shred around being bid up and you have to cover your short you going to see such a squeeze it’s pretty entertaining I see some platforms blocking orders on gme, amc abs NOkia because of it
I don’t see this as something that’s illegal just rampant financial speculation and what do you expect people to do with their time when they stuck at home
They don’t need to regulate shit, they created all the elements for things like this to manifest in the first place
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The only thing illegal is the ability to short more than 100% of a stock.
I also noticed this 140% of shares shorted and found that quite interesting. If there is any regulation needed, seems like that is the issue that should be addressed.
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Yep exactly. Of course regulators aren't focused on that. If the stock was never shorted to the tune of 140%, it never would have gone up so much.
Silver has the biggest naked short going, buy it, store it in your possession, and hang on for the ride!!
If you want.
I think this was just a threat to the banksters.
Next time could be silver.
Then we find out what too big to fail failing looks like.
I've heard that before, but silver never does anything.
Retail investors never pushed back like they have recently, either.
I'm up on mine, but I started buying a while back.
I just wonder if they haven't squeezed it yet, when will they?
Looks like soon, but who really knows.
We just had the full moon, and are on the dark side of it.
Now is the time to do 'bad' things.
It's so funny when the big hedgefunds start to complain about things.
It's unfair, we need a bailout, cancel stock trading, and so on.
The big ones think " the house wins always".
If normal people complain about fraud and loss of their money. Their case is simple, it's gone.
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Yep, this whole thing should be making a lot of people angry. They shouldn't have been able to short 140% of the stock. Take your loss like a man now.
Agree!
It's crazy what's happening. And I can't even imagine what's coming. One word - craaazy!
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Regular seems to be the new "fever" of the moment.
This is really ridiculous.
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I would hazard a guess that "they" are just getting really butthurt that something like this is being driven by retail investors (and troublemakers) rather than by big institutional investors and funds... they players have turned the tables on the game masters... AND THAT"S NOT OK!!!!! Plus, not only turned the tables, but causing "the big players" to get caught in a massive short squeeze...
=^..^=
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I completely agree. If all the sudden GME started running up, but there was no chatter about it on social media sites, and it was just some hedge funds running the stock up on the quiet, they probably wouldn't do anything about it, which is the whole problem.