To be fair, I think it depends on what the shorters are doing. If they’re looking at the company’s fundamentals, think the stock is over-priced and so shorting it, and not going around trashing the company, I’m fine with that.
If they’re taking a short position and then going around releasing “analysis” that indicates its over-priced and other tactics to force/push the price down, well IMO that should be illegal.
if you’re going to restrict stupid peoples ability to invest, you’d have to disable the ability to buy any and all instruments that can be used in investing.
and are they going to restrict investing in EVERY product that is trading over it’s perceived actual value ?
There inlies the problem with it, are these companies going to “save the stupid people” everytime there’s a pump and dump ? or a short squeeze, or a long squeeze ?
or are they only doing it this time around, cos people above them are getting burnt, and they know as they say, ■■■■ trickles down, not up.
don’t know if it’s true or real obviously posted on the reddit, so who knows lot of misinformation, disinformation and guerilla warfare going on, but ■■■■ i hope it’s true for the lol’s.
Hertz was one.
But it wasn’t a pump…it was simple uninformed punters thinking it was so cheap they had to buy it. It went from 80c to $7 and is now under $2 and working it’s way towards full bankruptcy I think
I wasn’t saying it was right for them to do it, or supporting it, I was just pointing out that it might actually protect some people.
And its looking like now that potentially Robinhood restricted trading because the purchases were margin calls, and Robinhood was running out of money to perform the trades.
