[smcn]

Yes I'd say that you're wrong with that.

To start, it wasn't that short sellers were ruining the market. If you spent any time there, you'd see that they, too, short stocks.

Second, it definitely wasn't made up. GME was tremendously shorted. And there were more shares shorted than existed. This is not a unique phenomenon and is possible due to a concept called "naked shorting".

It also didn't stop going up because people pumping it stopped. They literally disabled the ability for people to buy more. That is what killed the momentum. https://www.cnbc.com/2021/01/28/robinhood-interactive-broker...

[dragontamer]

Yeah, no one is going to change short selling rules any time soon because it's all jus t made up crap and rumors from WSB to pump GME.

Hate to break it to ya, but you're getting played of you actually think the problem here was short selling.

The problem is that skittery online retail can be so openly manipulated to believe such conspiracies and that this leads to the profits of the small leaders of the crowd.

[smcn]

Nobody is trying to change short selling rules. Like I said, this wasn't a rebellion against short selling.

Also, this is all verifiable information. I'd encourage you to confirm what it is that I'm saying.

Benjamin Graham said that in the short term, the stock market is a voting machine, and in the long term a weighing machine. None of this is anything new. It's just the speed at which information travels that has changed.

[dragontamer]

> Nobody is trying to change short selling rules.

Obviously, it was all just a ploy to trick Redditors into buying GME. If people actually cared about short selling, they'd describe new rules or regulations on the issue.

That's all it ever was. There's not much else to the story. I guess I could go over the bull$$$$ arguments over AMC, BBBY or FRC or any of the other meme stocks. But it's all just meming the stocks up in price.

[smcn]

No, at no point was anyone taking umbridge with short selling. They had issues with large hedge funds trying to kill companies, that may be where your confusion lies.

Also, adding FRC in there is an interesting move. Do you blame retail traders for that?

[dragontamer]

I blame WSB for making up bullshit stories about FRC going to $50 when FRC was clearly collapsing in reality.

It's the same pattern. Meme a lie really really hard, then screw over the community by taking money from the people who believes the lie.

No different from the GME price target of $1000 or any of the others WSB lies that people have fallen for. It's just a means to extract money from sheeple.

------

It's all the same pattern. My question is how many times do the WSB Redditors have to get screwed over before they notice they are the marks getting played.

I don't blame retail for getting so blatantly manipulated. Everyone knows they're dumb money who will easily believe these lies.

I blame WSB leaders and moderators for so plainly taking advantage of retail investors and doing so for years.

[smcn]

Is it possible that you lost money following WSB and that's where these opinions are coming from? Because these aren't exactly cogent arguments at this stage.

There is a huge disconnect between people throwing out price targets and a pump and dump, I don't think that I need to spell that out. One is over-enthusiasm, the other is crime.

For what it's worth, FRC was incredibly tradeable very early on in the beginning of the banking crisis, regularly doing very large swings. Though, what I believe you're talking about is the expectation the FRC would exceed expectations on earnings and would go on to return to its pre-crisis prices. This is not a pump and dump and makes sense. If the bank is no longer in trouble then you'd expect normality to resume. This did not turn out to be the case and it ended up being taken over by JPM. This is not a pump and dump in any way.

The price targets of $1000 for GME would have been met should they not have disabled the buy button but I believe that there would have been a really strong sell off at the upper $900s which would have had a big impact on the price and I'm not sure it would've recovered. Please see TSLA as a stock which has gained a huge market cap as a result of enthusiastic investors.

[ikekkdcjkfke]

But wasn't it facinating that the stock was shorted >100%?