Sponsored Content
ę The Morning Rant: Minimalist Edition | Main | Oligarchs Shut Down Trading to Save Their Money Ľ
January 28, 2021

Hedge Funds Lost $14.3 Billion in the GameStop Short Squeeze -- In One Single Day
Update: Cartel Moves to Stop Short Sellers

Update: Looks like I was wrong.

29 The hedge funds fought back. Gamestop only 17 percent shorted now. They blocked retail investors from buying and drove the price down as they can only sell now. Posted by: brak

10,000 National Guard to Wall Street by 1Monday.

All of them must have their stock portfolios vetted for ties to white nationalists.

So it looks like the cartel has rigged the game to only work in their favor -- as it should be, I imagine they believe.


Old post continues:

As they say about lawyers in hell: It's a good start.


NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners

That was actually yesterday. Just yesterday. Who knows how much they lost in previous days, or how much they're going to lose today.


This game stop thing is literally the perfect storm.

Media canít spin this as racism, sexism, or trumpism.

Itís literally every day people of all races and sexes vs the top .01%

Oh, but they'll try.

The Ruling Class, through its praetorian corporate media, is shrieking that it's not faaaaiir that the Squares took the Sharps to the cleaners!

Charles V. Payne, for example, notes the bellyaching of the Capitol Class whining that it's not faaaaiiir that the Rubes beat the Rulers.

All of a sudden all of the Wall Street class is shrieking about greed and taking advantage of the weak.

As for the possibility that this will bankrupt not just one hedge fund but a bunch of hedge funds, including those that came in to try to prop up Melvin Capital's bet: noted money manager and Russian Federation champion boxer Ivan Drago expresses my thoughts succinctly.

Update: Corruption and more corruption. The day-trader app Robin Hood has been blocked from trading GameStop.

35 RobinHood shut down the ability to buy GME, AMC, & NOK. They've already had a class-action filed against them. Posted by: I used to have a different nic
@disclosetv 7m

JUST IN - Class action complaint filed in the southern district of New York against Robinhood App (via FOX News)

The last from Tami.

digg this
posted by Ace at 12:08 PM

| Access Comments

Recent Comments
18-1: "[i] How this was never made into a movie is beyon ..."

"Perfessor" Squirrel: "Madonna went on a quasi-Christian kick for a while ..."

Martini Farmer: "> The story is Asimov's Nightfall. On a planet ..."

Synova: "Bridget Fonda aged fine. Her problem is weight gai ..."

Tipper Gore: " Remember when we were all going to hell for liste ..."

Christopher R Taylor[/i][/i][/s][/s][/b][/b][/u][/u]: "[i]There was also stuff in the 70s where the Left ..."

bonhomme[/i][/i][/i][/b][/b][/b][/s][/s][/s][/u][/u][/u]: "> A lot of the 'satanic' nonsense we see in pop cu ..."

JQ: "I got a kick out of all those idiotic "dresses" th ..."

davidt: "iirc, Madonna was on a Kabbala kick for a while, t ..."

Red Turban Someguy - The Republic is already dead!: "There was also stuff in the 70s where the Left was ..."

Oldcat: "Oldcat the part I am in seems like a possession by ..."

Divide by Zero [/i]: " [i]Say what you will about Cher, but at least s ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64