204

Why not state that a stock owner has to specifically consent to having his stock lent to someone else, just as they have to consent to having their stock sold to someone else?
I have read that as a practical matter this can be done anyway. A stock owner can state that they want their $30 stock sold if it reaches say $500. Since it is offered for sale, it cannot be lent out.

205

So what happens when they can’t get enough stock to pay it back?

206

Silver is the target today.

207

No. There’s no reason for the SEC to announce anything.

208

Couple maga rich folks getting their wealth redistributed to create new rich folks.

I thought that what elites wanted…wealth redistribution.

Oh wait…

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209

Yeah, someone told me that about 8:00 this morning. Something to do with solar panels being reliant on silver?

210

I heard they just picked it.

211

They decided they could squeeze the silver market like they did with GameStop since a lot of silver exists only on paper in their minds. Silver had always been a volatile market subject to sharp swings. I spent some time in the silver pit back in the 80’s and saw spot silver move 40% in about 30 minutes. Plus there was the time the hunts tried to corner the market which is basically what the Reddit traders are doing with GameStop amc theaters and a few others

212

:man_shrugging: I’m not sure what the guy was reading, but he said he’d read about it early this morning. I’d read on whatever Elon Musk linked to on Reddit that there wouldn’t be another GameStop opportunity. I figured he was wrong about the silver thing…

213

That’s the truth right here. Hedge funds typically buy shorts or puts to manipulate a stock into extreme ranges without the help of Reddit to make millions because they have the capital to manipulate the flow of the stock.

Whereas the people at Reddit had to get at least 10,000 plus users to do the same obviously with less capital but when all done at once was able to manipulate the stock price enough that it cost Melvin capital a 56% loss. Before that Melvin Capital was trying and succeeding in shorting the stock to oblivion.

What this does show is what a lot of us already knew, the market can be manipulated with enough money and people have turned a blind eye to it over the decades when hedge funds were doing it. Approve or disapprove what the users at Reddit did it wasn’t illegal and it’s what the hedge funds do which is why many of the big hedge companies have came out in recent days wanting the SEC to stay out of it. Rather take the big loss than expose the genie to the average Joe.

214

Actually I was not familiar with what hedge funds were doing to stocks to make their billions. No wonder they don’t want this to be common knowledge.
Stocks as a method of gaming, not of investing.

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215

Welcome back, GameStop. Beware of angry transgender gamers though, those are still a threat to women, children, and GameStop employees. :rofl:

216

At least it’s legitimate, and not the result of blatant crowd funded stock manipulation.

1 Like