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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
@El_Kabong81

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.

Disgusting.

Old post continues:


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

@joshdcaplan

2h
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.

@Cernovich

1h
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

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