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Yeah. It's market manipulation from every angle and every party right now. All the crowing about "sticking it to the man" is almost certainly prosecutable as
by newacct583 6y ago
Yeah. It's market manipulation from every angle and every party right now. All the crowing about "sticking it to the man" is almost certainly prosecutable as securities fraud. And yes, the folks holding the early shorts either have financing available to hold until it comes down or have transferred the position to someone who does. The people holding the bag at the end of this are indeed going to be individual investors, most of whom thought they were sticking it to the man.
- simonh 6y agoRight, once the stock actually collapses and drops way below it's trend price, those holding the shorts and expecting to make a few bucks on them will end up making an absolute killing. Sticking it to the man my arse.
- supernovae 6y agoAll they need to do is beat the current calls that mature this friday. There are an ungodly amount of shorts about to mature... The big issue, is that the shorts on GME surpass the total outstanding shares... Melvin went 140% short on GME and they should pay the price for that stupidity.