the really dumb aspect of the institutional performance is that the meme stocks are down now and because they interceded, they become plausibly responsible for the drop in the eyes of millionshttps://twitter.com/eigenrobot/status/1354841953658048512 …
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If they don't get skinned alive for this the country is a joke.https://twitter.com/ArkhonDH/status/1354834763245359111 …
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probably just a margin call
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They had to end it before Friday was my understanding. To save the hedgies.
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I don't agree, I think you'd probably have congressional hearings either way; "why didn't you protect them" vs "why did you stop trading." This was just perfectly timed such that nobody learned anything
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This is treading close to an earnest opinion.
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The short interest was way too high, almost certainly some brokers had taken in shorts without having a way to take possession of the shares themselves, which means they were fucked too. It genuinely could have been a situation where GME went to like 3000.
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Yes, and as of yesterday the short interest was still like 140%. So nearly all the retail investors could have safely dumped on the shorters Friday Unlike if it was (say) 30% short interest (still a lot), retail investors would be playing a game of chicken against each other
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everyone is trying to be too be smart and shadow box the regulators and instead they're doing a looney tunes step on a rake act. they should've let it play out and let someone else take the fall.
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Actual insanity