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by donmcronald
1954 days ago
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The DTC changed the collateral requirements to 100%. The WeBull CEO said that. That requires way more cash on hand to handle settlements compared to the norm which I think is 2-3%. IMHO the DTC and prime brokers are all pals playing in the same fixed game. My baseless assumption is they’re manipulating the market by selling uncovered shorts to each other and since everyone is in on it / accustomed to it, no one ever comes to collect so there’s no risk of having to cover their uncovered shorts. They could be shorting 2000% of the float and no one would know if all the trading happens between complicit participants with the sole intent of driving share prices down. |
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