3 ms·
They've been very public and transparent for all to see about their strategy. It's a very common play when naked shorts are this exposed. The WSB side of this i
by swader999 6y ago
They've been very public and transparent for all to see about their strategy. It's a very common play when naked shorts are this exposed. The WSB side of this is a distraction. Michael Burry of Big Short fame has been talking this trade and pouring hundreds of millions into this gamma squeeze since the summer.
- newacct583 6y ago> naked shorts are this exposed See, this is why someone is going to jail. This explanation is wrong. Someone lied to you, and they probably lied to you to make this look like a sure bet so that you'd buy (and thus pump) a stock that is otherwise going to crash, so that they can unload their position before it does. You got scammed, and the person who did it is guilty of a crime. FWIW: Short leverage higher than 100% is not naked selling. It just means (as an example) that you borrowed a share, sold it, then later on that buyer loaned the same share back to you, and you sold it again. This is not a good idea, but it's not naked selling (which is itself securities fraud).
- imtringued 6y agoStop with the strawman. Everyone buys GME with the expectation of it tanking. People are irrational on purpose.
- MrMan 6y agoyes the GME crowd-source scenario is definitely market manipulation, it is the very definition of it. the question is, can any single person or group of people be identified as culpable? that is the beauty of it, in a way.
- MrMan 6y agoyou cant tell if someone has a naked short position on. they are exceedingly rare, and most likely ephemeral, and most likely caused by a back-office error rather than deliberately. i dont think you know what you are saying