[richbell]

> If that is the case half of the superstonks subreddit would have to be charged.

You could make a compelling argument that they should be. Superstonks doesn't just post their positions. They, too, try to manipulate the market by hyping up GME.

I would highly recommend "This is Financial Advice" by Dan Olson to anyone not already familiar with the community. https://youtu.be/5pYeoZaoWrA

[doctorpangloss]

Superstonks isn’t a parody?

[therobots927]

This is an anon account so I feel safe to admit this. I used to buy into all of that stuff. Basically the (conspiracy) theory is that market makers sold shares in GameStop that didn’t exist. There’s an element of truth to this, at least during 2021 it was confirmed that market makers had collectively sold more call options than they could possibly hedge with shares. But regardless, in order to prove this everyone in superstore started registering their shares with a transfer agent. The number of shares registered was reported by GameStop every quarter. Throughout 2022 I think the number of shares registered linearly before it plateaued at about 25% of the public number of total shares of GameStop. I might be conspiracy oriented but I’m also a believer in science and to me this cast a significant amount of doubt on the theory. Anyways, it’s definitely not a parody and I feel sorry for people who didn’t wake up like I did. I think something like 200,000 people registered their shares, that number also plateaued. I don’t think the GME craze was good for anyone but the company itself and roaring kitty.

[DANmode]

That all shareholders did not register on ComputerShare or whatever is what leads you to no longer buy into...what, precisely?

[therobots927]

The idea that the stock was being sold short with fake shares.

[CrazyStat]

Selling call options is not short selling though.

[therobots927]

If you’re not hedging by buying enough shares to provide when they exercise it might as well be.

[DANmode]

I followed that wrinkle pretty closely.

I was surprised to hear how high the number stated was (25%).

I do not see the connection between that movement achieving <100%,

and there being no fraud committed in claimed assets in the finance world.

Especially in that case.

And I can’t, frankly, see how you drew that connection either.

[therobots927]

Absence of evidence is not evidence of absence sure.

But it sure ain’t proof of anything either. If you’re going to make an outrageous claim you need to prove it.