Unpopular opinion: Brigading a particular stock in a coordinated effort to drive up the price is market manipulation. Shouldn't be surprised regulators would step in. Funny as shit to see short sellers lose their pants, but the real people that will hurt will be the owners/employees at gamestop who lose their jobs to downsizing when the market overcorrects and drives the price so low that gamestop won't be able to secure operational credit.
How was naked short selling the stock not brigading?
More than 100% of the stock...
That shit has to be illegal? Right?
And even if it isn't, they deserve to pay for their foolish risk taking.
Sucks for them a bunch of reddit retards figured it out.
If you could prove that all those hedge funds got together to conspire, you'd have a case, but if you're knowledgeable about the exchange and the history of the company, that's not really necessary. People just don't like short sellers because they are speculating on companies falling.
On the other side, you have a group of self proclaimed brigaders, coordinating in a public space to specifically manipulate a stock price to fix it to make profit and fuck over multi billion dollar companies. You don't get to sweep that under the rug just because you don't like the industry that is professional short selling.
Counterpoint, doing so can be profitable so why choke the free market to save a few minimum wage jobs?
Because brigade buying with the primary intent to manipulate the price up is not the behavior of a free market. You might feel differently if someone was doing this stuff to your company or place of employment.
There's a good chance gamestop will lose its credit securitizations if their stock overcorrects and drops to much lower than it would have without all this crap. No operating credit = downsizing or even bankruptcy. All so stupid fuckers on the internet wanted to be edgy, play games, and make some money.
They're a dying company anyway, why turn your nose up at a chance to make money?
This.
The game will be played long after the monies of the sudden "winners" is gone.
They will need cardboard signs and tin cups...stat
(((Regulators))) (((the market))) fixed that for you FTFY you seemed to drop those like the jews dropped those evil profiteering whites.
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