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I was surprised at these narratives being repeated so many times here with only a few people refuting them: * GME was illegally shorted 140%, maybe by one comp
by Rapzid 6y ago
I was surprised at these narratives being repeated so many times here with only a few people refuting them:
* GME was illegally shorted 140%, maybe by one company, and a stock being shorted 140% is somehow intrinsically bad/evil/shady. None of this really seems to be the case regardless of the utility.
* GameStop was being driven to bankruptcy by hedge funds shorting it. I'm not sure what the logic is here.
These narratives almost seemed designed to rationalize the manufacture of a short squeeze; something the SEC seemingly has some strong opinions about.
- deleted 6y ago[deleted]