Author here. Happy to take your questions and feedback! Thanks for reading.
The GameStop Short Squeeze
11–15 of 15 posts
Re: The GameStop Short Squeeze
#12Re: The GameStop Short Squeeze
#13Earlier quoted context omitted.
The retail traders and the hedge funds are both pawns in the game of the political class who can legally insider trade.
Can you share some examples of insider trades by the political class that ended up becoming public knowledge?
Members of the Political class sold after private briefings on coronavirus months before it became known to the public.
Re: The GameStop Short Squeeze
#14Earlier quoted context omitted.
And they also really can't model the depth of the possible ways to close a short position, e.g. synthetic long positions, swaps, and other fancy financial wizardry that is above and beyond just buying one share per share you're short immediately.
Some firms try to, at least. https://www.shortsight.com/short-interest-of-float-2-0/
Interesting, thanks for the link!
Re: The GameStop Short Squeeze
#15The narrative behind this story just shows you how legally and illegally corrupt and unfair the entire system is, and how the media and regulators happily stand behind it.
The retail traders and the hedge funds are both pawns in the game of the political class who can legally insider trade.
In the past it really was legal for politicians to insider trade but that was ostensibly rolled back by the STOCK act: https://www.cbsnews.com/news/obama-signs-stock-act-to-ban-co...
I guess you could argue that there are still avenues to wiggle around the new rules but at least the width of the corridor was reduced.