No, dummie. Robinhood and the hedge funds are the ones manipulating the market. When they restricted users to buy GME, AMC and other "meme stocks" but allowed them to sell, it immediately caused a dip up from around 350 to 150, and the available amount of shares were up as the users dumped them back into the market, so the short betters could buy them back in and cut their losses. They were colluding to create this impression that the bubble is bust, you stupid unwashed masses better get out before you lose everything. However, the last time I checked, the price went back up as the hedge funds started to buy in.
Limiting their involvement in a market manipulation scheme isn't the same as manipulating the market. Right now GME is a massive pump and dump. People think they are fighting a war by somehow being willing to give money to their "enemies". It's doesn't even make since. Do you want to know who is benefitting the most? Look at the institutional ownership of GME on Yahoo Finance. That's how much GME hedgefunds own. People aren't investing in Melvin capital to save them, they are investing because they know they will make a killing. Melvin most would have had far out calls to cover their shorts anyway and they have certainly been selling puts to offset any costs. They claim they covered at a 100% loss, so what does that even mean? In shorting that doesn't really make sense because if they shorted at $10 then they covered at $20 for a 100% loss.
Oh great. “Limiting their involvement in a market manipulation scheme.” Says who? You? As a matter of fact, it was the hedge funds manipulating the market by shorting the GME stock. They shorted the stock too much that they sold 130-140% of the amount of available shares. The little guys on WSB board didn’t cause a 1700% surge, their OWN short squeeze did. They took the risk, they ought to face the consequences.
So shorting is ok, but you can't go out and say, hey, we are going to short this stock to drive the price down, you should too. Now it may be implied if you short and post a lot of negative sentiment, justifications etc, but your reasoning, at least on the surface needs to be that you are shorting because you believe the stock will go down in price. Not that you are shorting to push the price down.
I don't doubt hedgefunds are shorting to depress the price, but they aren't advertising it. Where as you have people buying billboards in time square etc and a mantra of buy and hold to create a squeeze, it's a big difference.
No, dummie. Robinhood and the hedge funds are the ones manipulating the market. When they restricted users to buy GME, AMC and other "meme stocks" but allowed them to sell, it immediately caused a dip up from around 350 to 150, and the available amount of shares were up as the users dumped them back into the market, so the short betters could buy them back in and cut their losses. They were colluding to create this impression that the bubble is bust, you stupid unwashed masses better get out before you lose everything. However, the last time I checked, the price went back up as the hedge funds started to buy in.
Limiting their involvement in a market manipulation scheme isn't the same as manipulating the market. Right now GME is a massive pump and dump. People think they are fighting a war by somehow being willing to give money to their "enemies". It's doesn't even make since. Do you want to know who is benefitting the most? Look at the institutional ownership of GME on Yahoo Finance. That's how much GME hedgefunds own. People aren't investing in Melvin capital to save them, they are investing because they know they will make a killing. Melvin most would have had far out calls to cover their shorts anyway and they have certainly been selling puts to offset any costs. They claim they covered at a 100% loss, so what does that even mean? In shorting that doesn't really make sense because if they shorted at $10 then they covered at $20 for a 100% loss.
Oh great. “Limiting their involvement in a market manipulation scheme.” Says who? You? As a matter of fact, it was the hedge funds manipulating the market by shorting the GME stock. They shorted the stock too much that they sold 130-140% of the amount of available shares. The little guys on WSB board didn’t cause a 1700% surge, their OWN short squeeze did. They took the risk, they ought to face the consequences.
So shorting is ok, but you can't go out and say, hey, we are going to short this stock to drive the price down, you should too. Now it may be implied if you short and post a lot of negative sentiment, justifications etc, but your reasoning, at least on the surface needs to be that you are shorting because you believe the stock will go down in price. Not that you are shorting to push the price down.
I don't doubt hedgefunds are shorting to depress the price, but they aren't advertising it. Where as you have people buying billboards in time square etc and a mantra of buy and hold to create a squeeze, it's a big difference.