The Stock Market Is Broken, Now For All To See
Authored by Wolf Richter via WolfStreet.com,
The historic short squeeze, engineered by a bunch of deeply cynical small traders, exposed just how rigged the market has been…
Article: Short Squeeze Stockbrokers And Hedge Funds Face Proposed Antitrust Class Action
UncategorizedJoseph Saveri Law Firm | 21.02.02
On January 28, many brokerages abruptly and unilaterally restricted retail investors’ ability to buy long positions—in some cases removing the option to buy shares of the relevant securities while openly permitting them to sell their existing shares or prohibiting users from viewing the tickers for some or all of the relevant securities.
Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century
Article - MediaMatt Egan | 21.02.02
A mob of traders on Reddit’s WallStreetBets page have sent GameStop (GME), AMC (AMC) and other stocks skyrocketing in recent days. GameStop lost a quarter of its value Monday but it’s still up nearly 1,200% on the year. WallStreetBets successfully triggered an epic short squeeze, where investors that bet against GameStop have been forced to unwind their bets and buy the stock back. That in turn has driven GameStop even higher, creating even more losses for short-sellers.
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Naked Short Selling: The Truth Is Much Worse Than You Have Been Told
Article - MediaNaked Short Selling: The Truth Is Much Worse Than You Have Been Told
By James Stafford – Feb 02, 2021, 3:20 PM CST, OilPrice.com
There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, it’s not China. It’s a homegrown threat that everyone has been afraid to talk about.
Until now. That fear has now turned into rage.
The naked truth is this: Investors stand no chance in the face of naked short sellers. It’s a game rigged in the favor of a sophisticated short cartel and Wall Street giants.
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Is Robinhood on the Brink of Collapse?
Article - Media21.01.30 | By GlobalIntelHub
Dear traders, This ain’t our first rodeo. For those of us who have seen this before, Robinhood is making moves eerily similar to financial institutions about to fold, such as Refco, MF Global, PFG, and others. Let’s take a look at where we are at.
Article: Wall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2
Article - MediaWall Street Mania Poised to Spur SEC Focus on Apps, Shorts, T+2
By Benjamin Bain ,Claire Ballentine, Yalman Onaran, and Sarah Ponczek
Bloomberg, 2 February 2021
ROBERT STEELE: The article by Bloomberg is largely bullshit. Buried in one line is “failure to settle.” The reporting is unprofessional and irresponsible.
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Game On In Silver: This Could Be For Real
Article - MediaAndrew Hecht | 21.02.02
During the past several days, the highly-speculative silver market became a central focus of the social media crowd. Markets move high when buyers are more aggressive than sellers and vice versa. Silver is now the next target for the herd that cashed in on GameStop and other shares with short interest. Silver and GME shares are very different assets, but the price action puts them in the same category in the current landscape.
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A Trading Forum on Reddit Leads a Stock to Surge over 1700% in Just One Month! Who is the Villain in the GameStop Saga?
Article - MediaAlert Reader: This is going to be ugly… 100% necessary, but very ugly.
LetterThis is going to be ugly… 100% necessary, but very ugly.
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