82,891
edits
GameStop: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 44: | Line 44: | ||
'''Fifth''': The internet is a ''beast''. It is one thing to hold out short interest against one guy — Bill Ackman’s short on Herbalife versus Carl Icahn is the signature dish of that fight — and there is it a case of who has the bigger pile of chips. But if you are shorting against a meme stock where ''everyone'' is blindly, stupidly, piling in because it’s cool to stick it to the man, or because some influencer on Insta told them to — you are fighting an unlimited hoard, ram-raiding the casino with a prettty-much limitless supply of fresh cash. You have a hard limit. The world wide webs doesn’t. | '''Fifth''': The internet is a ''beast''. It is one thing to hold out short interest against one guy — Bill Ackman’s short on Herbalife versus Carl Icahn is the signature dish of that fight — and there is it a case of who has the bigger pile of chips. But if you are shorting against a meme stock where ''everyone'' is blindly, stupidly, piling in because it’s cool to stick it to the man, or because some influencer on Insta told them to — you are fighting an unlimited hoard, ram-raiding the casino with a prettty-much limitless supply of fresh cash. You have a hard limit. The world wide webs doesn’t. | ||
'''Sixth''': The regulators are going to want to do ''something'' to ''someone''. It’s hard to see how that could be some HODLer on Reddit. Nor the Hedgies: they were just doing the deep-state stuff all hedge funds do. A few market infrastructure players | '''Sixth''': The regulators are going to want to do ''something'' to ''someone''. It’s hard to see how that could be some HODLer on Reddit. Nor the Hedgies: they were just doing the deep-state, Pizzagate stuff all hedge funds do. A few market infrastructure players look to be volunteering to take the rap by strangling long interest amongst the day-traders, while the lucky old deep-state-connected hedgies carried on with unfettered access (barring the short-tick requirement, which meant they couldn’t short on a down-tick). But the sense the market infrastructure guys were acting out of the same good intentions that path many a road to hell: some little people are, eventually, going to get hosed here, and they were intervening to stop that — took on a rather greenish cast when it turned out that the retail platform’s biggest [[market-maker]], and [[Payment for order flow|payer of an enormous amount for order flow]] was closely associated with one of the significant short positions. Now, there is no allegation of actual dastardly behaviour — these organizations have impermeable [[Chinese wall]]s, but still — it ''doesn’t look great''. | ||
{{sa}} | {{sa}} | ||
*[[Short selling]] | *[[Short selling]] | ||