RE:Naked Shorting Dont forget bout the smaller players too.
The first wave of shorts that will get annihilated is the retail shorts. They don't have friends in high places like the firms that can simply borrow them billions of dollars overnight to cover their unethical bets. Sorry retail shorties, but your the first line of defense that will get wasted this week, next week, and the following weeks. And you retail investors thought you were so savvy playing long and short positions, collectively you will lose millions. You all are just as guilty as the crooked hedge funds, don't think you won't feel the heat of this one either. Your best bet now is to exit short positions and go long to recoup losses before it is too late and you lose all. When that happens you can lose ur home wives families kids education savings even lives.
We're now in a d!ck measuring contest no longer whos the biggest but who can keep up the longest. Boomers need viagara, but the millenials are already naturals, but once you give them viagara its a double whammy impact to the boomers!!
NorthOntKid wrote: The real probem is Naked Shorting by the "Big Boys"(the brokerage firms and hedge funds). They sell shares which they haven't borrowed driving the price down all day long and then they buy back the shares at the end of the day at a much lower price to cover their selling.This is not legal but it happens every day! It happened to BB on Friday.Why was BB down at the end of the day and all the American company's that Roninhood was promoting were up?
The answer is Wall Street doesn't like Canadian Company's even though BB has better fundumentals than the other American Company's that Reddit is promoting.
Am I the only one that finds it odd that there are days when 60-70% of all the buying and selling are between between a major Canadian Brokerage and Anonymous? Who is Anonymous? We need more transparency. Emai IIROC. I do on a regular basis You should too.