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The bigger issue is how a problem caused by hedgefunds doing stupid things that verge on criminal (naked short selling) ends up getting weaved into a narrative
by ycombigator 6y ago
The bigger issue is how a problem caused by hedgefunds doing stupid things that verge on criminal (naked short selling) ends up getting weaved into a narrative about normal buying action in the market being market manipulation.
- valuearb 6y agoThere is no convincing evidence of naked short selling in GME. And it’s always been considered market manipulation to coordinate groups of investors to make the same trade, since the 1920s. I don’t think anything done on WSB crossed the line but it was in the vicinity. The only clearly illegal acts were committed by DeepF**ingValue, since he had special obligations as a heavily licensed broker and brokerage firm employee while making his tout videos.