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If you want more confirmation of how stupid our Congress is ...

Posted on 1/28/21 at 3:39 pm
Posted by mule74
Watersound Beach
Member since Nov 2004
11303 posts
Posted on 1/28/21 at 3:39 pm
Just read their responses regarding GME. They have no idea what happened, who’s to blame, who won, who lost, who got screwed, or what they should do about it.

Auntie Maxine is out here talking a out ending short selling. Jesus Christ.

We don’t need to end short selling you dumb bitch. We just need to make sure when big investors get caught with their pants down they are forced to suffer like everyone else and that every investor plays by the same rules.
This post was edited on 1/28/21 at 3:53 pm
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 1/28/21 at 3:41 pm to
quote:

We don’t need to end short selling


I kinda want to end short selling.
Posted by BobABooey
Parts Unknown
Member since Oct 2004
14293 posts
Posted on 1/28/21 at 3:49 pm to
quote:

Auntie Maxine is out here talking a out ending shirt selling.

I want to believe you.
Posted by td01241
Savannah
Member since Nov 2012
22851 posts
Posted on 1/28/21 at 3:50 pm to
Short selling isn’t the problem. Shorting 150% of a companies stock is the problem
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 1/28/21 at 3:51 pm to
quote:

Auntie Maxine is out here talking a out ending shirt selling.


maybe 30 years ago but the world needs me to wear shirts now
Posted by jaytothen
Member since Jan 2020
6408 posts
Posted on 1/28/21 at 3:51 pm to
quote:

I kinda want to end short selling.


Agreed, but until they do, then they have to suffer just like the little guys.

If everyone is playing inside the rules then take your losses and man up.
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 1/28/21 at 4:29 pm to
quote:

Auntie Maxine is out here talking about ending short selling.


Everytime she speaks she gives us confirmation.
Posted by ldts
Member since Aug 2015
2677 posts
Posted on 1/28/21 at 4:57 pm to
quote:

We don’t need to end short selling you dumb bitch. We just need to make sure when big investors get caught with their pants down they are forced to suffer like everyone else and that every investor plays by the same rules.


I agree, they got beat at their own game and now they're gonna cry about it.

Nothing wrong with allowing short selling, but they shouldn't be able to short more shares than are available. I do worry about what what, if any, government overreactions will be coming.
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 1/28/21 at 5:04 pm to
quote:

Short selling isn’t the problem


Short selling doesn't provide a tangible good or service. It doesn't create jobs. It doesn't add value to the larger economy in any way. If you think a stock is overvalued, sell it, ignore it, or invest in its competition.

At best, it extracts value from one group of investors and sends it to a different group of investors.

At worst, it destroys thousands of jobs and economic conditions around the country.

If you want to set a prop bet on the opening coin flip of the Super Bowl, go ahead.

If you want to do it with people's livelihoods, I have a problem with it.
This post was edited on 1/28/21 at 5:05 pm
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