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baseballcrank's profile
Dan McLaughlin
Dan McLaughlin
Dan McLaughlin
Verified account
@baseballcrank

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Dan McLaughlinVerified account

@baseballcrank

Senior Writer @NRO. Reaganite, Catholic, Mets fan, ex-lawyer. Opinions 100% my own, but you can share them. Not the Cardinals broadcaster.

New York
nationalreview.com/author/dan-mcl…
Joined May 2009

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    Dan McLaughlin‏Verified account @baseballcrank Jan 28

    You can believe all of the following: 1. Hedge funds that specialize in shorting stocks can be bad & harmful. 2. Crowdsourced short squeezes can be bad & harmful. 3. Some of these harms could be prevented by government action. 4. On balance, it's better to let them fight.

    8:35 AM - 28 Jan 2021
    • 90 Retweets
    • 538 Likes
    • Jason Elbaum U.S. ARMED FORCES STAN ACCOUNT 🇺🇸 Cory Harkness Jim Huddle David Volsky Nathan Brock LAK Travis neofriedmanite🗽🌐🏛
    27 replies 90 retweets 538 likes
      1. Louis Ingenthron‏ @LouisIngenthron Jan 28
        Replying to @baseballcrank

        Yup, that's pretty much where I am now.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. The Captain's Blog‏ @williamnyy23 Jan 28
        Replying to @baseballcrank

        Yes, though, I would say, 4. On balance, it's better to let the industry determine the extent to which these fights will be permitted.

        1 reply 0 retweets 2 likes
      3. Dan McLaughlin‏Verified account @baseballcrank Jan 28
        Replying to @williamnyy23

        Which industry, though? The issuers? The hedge funds? The broker-dealers? Reddit & Discord?

        1 reply 1 retweet 6 likes
      4. Show replies
      1. 𝙎𝙚𝙣𝙖𝙩𝙤𝙧 𝙏𝙚𝙙 𝘾𝙤𝙪𝙥𝙨‏ @BasedCorp Jan 28
        Replying to @baseballcrank

        Let’s just ignore the blatant manipulation that’s being done by trading platforms like Robinhood and TD Ameritrade? Let’s just ignore that naked short selling is supposed to be illegal? Nope, we need stronger regulations on Wall Street. They pose an existential threat.

        0 replies 2 retweets 5 likes
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      1. Iowa‏ @Morning_in_Iowa Jan 28
        Replying to @baseballcrank

        When two bad things happen against each other, you can always count on the government/wall street to side with the rich.

        0 replies 0 retweets 0 likes
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      1. Philippe du Col 🌉‏ @PhilippeduCol Jan 28
        Replying to @baseballcrank

        Or, to index.

        0 replies 0 retweets 0 likes
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      1. Stephan Alexander‏ @StephanScinto Jan 28
        Replying to @baseballcrank

        FYI banning short selling actually tends to hurt markets. https://www.newyorkfed.org/research/current_issues/ci18-5.html …

        0 replies 0 retweets 2 likes
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      1. BattleSwarm‏ @BattleSwarmBlog Jan 28
        Replying to @baseballcrank

        Situations 1 and 2 are not equal in this case: https://www.battleswarmblog.com/?p=47097  1. The hedge funds broke the rules by shorting more than 100% of outstanding shares of the stock. 2. The crowdsourced retail investors broke no rules by noticing this fact and buying shares. Not the same.

        2 replies 2 retweets 17 likes
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      1. Dean Jens‏ @deanjens Jan 28
        Replying to @baseballcrank

        How hard, all-in, is it for a company to sell more stock into the market? You presumably need to get the directors on a zoom call; if you're already public, how onerous is the SEC filing?

        0 replies 0 retweets 0 likes
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      1. The Gentleman Sausage‏ @Gent_Sausage Jan 28
        Replying to @baseballcrank @CathyYoung63

        5. The current short squeeze is good and nice

        0 replies 0 retweets 1 like
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