As many are aware Wall Street and big banks are corrupt. Many stocks such as AMC Entertainment, GameStop, DJT, Hycroft Mine, and many more are being illegally targeted by criminal hedge funds like Citadel securities. The SEC does nothing about it, and it they do, they fine them what sounds like a lot of money, when in reality it’s in comparison to a speeding ticket. To them, it’s worth the risk to steal from real investors and destroy American businesses. It’s the cost of doing business. This is criminal in every sense of the word.
Thank you.
3 Likes
I don’t think banning all short selling is a good idea. When used part of paired trades, for example, a short sale is a good strategy. However, at the very minimum we need the uptick rule back. It certainly slowed down these sorts of massive and volatile price swings. The other piece is people are not told they can tell their broker they do not want their shares to be borrowed. No one is ever told that and limiting the inventory on these stocks will make it much harder for short sellers to find enough stock to make it worth their while. There is a lot of support out there for putting back some of the short selling limitations that were removed about 15 years ago. But an outright ban would be removing an important hedging tool and tool used as part of some worthy strategies.
1 Like