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I just don't get how WSB is engaging in market manipulation more than the 136% shorts were.
by ballenf 6y ago
I just don't get how WSB is engaging in market manipulation more than the 136% shorts were.
- argonaut 6y agoShorting a stock because you genuinely believe the company is crap is not market manipulation. To be clear, market manipulation is very vague and very broad, and from what I've read the SEC is only going after you if there was fraud or lying involved. Most of WSB's activity is not illegal market manipulation.
- thr0waway2 6y agoTrading (or posting) to cause impact and affect other positions you have is manipulation too. But it's not really provable in the case of WSB so they're safe. P.S. not legal advice
- fractionalhare 6y agoIt is not market manipulation for short interest to rise above 100%. It doesn't require anything nefarious. No collusion between institutional investors required either.
- ballenf 6y agoI agree that neither group manipulated the market. I referenced the % just as a convenient label for that group of market participants.