Please someone correct me if I'm wrong: The hedgies were doing what's called "naked buys" which aren't legal. They bought so much that there are now way more stocks sold than exist. When it comes time to put up (there are laws, but they're being a bit bent by their pals) they don't have stock and to stay solvent, they HAVE GOT TO HAVE THEM (i.e. OUR SHARES). The longer we hold, the tougher position they're in. In order to cover so far, the Exchange Traded Funds, or EFTs covered so they didn't go bankrupt. Now the EFTs are holding the shorts and everything is set to go BOOM! It's just a matter of when.
Almost right its called naked shorts i got a research paper if anyone is interested how these wallstreet scumbags has invented a new word for counterfeiting
Can you tell me more about this? What's going on and what does this mean?
Please someone correct me if I'm wrong: The hedgies were doing what's called "naked buys" which aren't legal. They bought so much that there are now way more stocks sold than exist. When it comes time to put up (there are laws, but they're being a bit bent by their pals) they don't have stock and to stay solvent, they HAVE GOT TO HAVE THEM (i.e. OUR SHARES). The longer we hold, the tougher position they're in. In order to cover so far, the Exchange Traded Funds, or EFTs covered so they didn't go bankrupt. Now the EFTs are holding the shorts and everything is set to go BOOM! It's just a matter of when.
Almost right its called naked shorts i got a research paper if anyone is interested how these wallstreet scumbags has invented a new word for counterfeiting
https://www.researchgate.net/publication/228260887_Naked_Short_Sales_and_Fails_to_Deliver_An_Overview_of_Clearing_and_Settlement_Procedures_for_Stock_Trades_in_the_US?fbclid=IwAR0t9z2D7ZBnvZ-7B_190CbR3R8VGJrvVGX446nEEDLiRfUBrFID6wxT06w
Thank you. Looks interesting. And illegal. Unless you call it something that isn't illegal.