This move literally only hurts those who are short-selling the stock. It has almost no other impact other than to the individual companies who just gained a lot of capital (probably temporarily and only if they sell their own stocks).
Well if the stocks were tangible you wouldn't be able to shortsell more than 100%, as in you "borrowed" all the stocks. There is an obvious problem with the system if you can borrow more stocks than which exist.
This move literally only hurts those who are short-selling the stock. It has almost no other impact other than to the individual companies who just gained a lot of capital (probably temporarily and only if they sell their own stocks).
Dude, theres nothing wrong with short selling over valued companies.
That's a false narrative. Theres no price discovery in the market since Obama. They made it all fiction.
True, but when 125% of a stock is short-sold, well, there is something wrong, and maybe cash out while you're ahead.
Yeah, manipulation is bad.
They got what they deserved
But what we need is a sound system.
Well if the stocks were tangible you wouldn't be able to shortsell more than 100%, as in you "borrowed" all the stocks. There is an obvious problem with the system if you can borrow more stocks than which exist.