Reply to Robin Hood just ended trading on GameStop and AMC

Forum Index » Political Discussion

Reply to "Robin Hood just ended trading on GameStop and AMC"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did WSB uncover a huge scam walk street had been running?

https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/

Basically, the allegation is that there may be more shares floating around than actually exist!  Wall street has been creating fake shares, and if you bought gme stock you may only have an iou for a stock, not the actual stock.  The number of failures to deliver for GME is perplexing, and Michael Burry was wondering why it took 3 weeks to deliver shares when he requested delivery of the ones he owned.[/quote]

Um, the fact that short interest rose above 100% is neither illegal nor hidden.  [/quote]
What you said does not contradict what they said.  Shares can be lent out for options but the lender needs to keep track of which shares are lent out and whether or not they still have a right to lend them.  This is looking like mortgage backed securities and the failure to properly record all over again.[/quote]

Yes, they didn't uncover anything, and it's not a huge scam.  "Uncover" implies hidden, and "scam" implies illegal.  Short interest reports clearly show this happens.  If people are waking up to the dangers of short sales, options, etc. great.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics