RE:Market surveillance woke up?This is basically a rehash of the pump and schemes of the late 90s dot com era, albeit on steroids, since its so much easier for retail to not only trades stocks, commission free, but also options contracts.
Eventually its going to run out of new buyers AKA greater fools, and will fall back to earth, as people will want try to lock-in atleast some of their gains by selling. It will definitely suck to be a bagholder of GME at these high levels.
That being said, congrats to those who got in on the ground level. Also, its definitely some poetic justice for retail. Definitely amusing that some of these hedge funds are getting wrecked by retail "bull raids"
Maxmoe wrote: I see a few names were halted by exchanges to request explanation for trading for bb and GameStop. They aren't halting to save shorty. It gives the brokers time to make margin calls and sell shorty out actually. It is concerning for the musical chair players that are buying these Reddit names. Yes the shorts get wiped out, which is fantastic, but eventually this too shall pass and some bag holders will be stuck with a $30 stock they paid $300 for. BEWARE. ATH won't work like GME because you need a massive short squeeze plus huge call option volumes.