Well, only if the shares crash below what they bought them for. Given a lot of them seemed to have been thinking the shares were worth $10 but trading at $5, they may be ok even after a crash.
And the people who paid $300?
Maybe they shouldn’t have jumped on something without understanding what was happening and the risks? I’ve little sympathy for someone who jumps on what they think is the gravy train without doing the due diligence.
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Well, that was interesting… smashed on open, then soars a couple hours later (especially Aus and emerging stocks).
Short selling should be illegal.
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It’s actually relatively normal on a Monday.
Panic selling to lunch (so it’s a good time to pick up some trades you may have missed), then recovers after it.
The morning is usually a reaction to USA, then it moves on.
For memory when the market crashed during Trump’s election win (the one without the ‘fraud’) the market was down in the morning, then it recovered by around 2pm sometime.
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not really life changing$60 into $3,000, but not bad for a kid.
barely worth a news article IMO.
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Short selling should have a cap on the amount of shares that can be shorted for example 20%.
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It feels life changing for a 10yo. I thought it was a nice story.
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Hahaha. If my kids read this they’d be online traders by the end of the day. Not sure $3,000 would cover their lego addiction though.
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The rules on insider trading are strict, and yet short selling is still allowed.
It is gambling and while you could argue all investments have risks, short selling is market manipulation and should be a jail term, and loss of all assets to the poor.
What a crock of crap.
You can inside-trade just as well with short-buying.
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I wouldnt touch short selling personally, but its handy that people are doing the numbers and if they believe a company is massively overvalued they can bet against it.
I guess look at webjet, as a shareholder you realise their are risks in the COVID environment, so likely expect it to have some short selling on it.
with reddit/facebook groups - there does seem to be a bit of pump/dumping on illiquid stocks and Fomo.
But yeh I believe a small portion of the big guys…do a bit of inside trading as well
How many directors of boards are there on multiple boards, and how hard is it to get a directorship role, seems very clicky.
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You can insider trade as long as you register the trade deals with the Exchange. I can buy back or sell shares in my own business for example. But doing it on the sly to gain an advantage is not legal or ethical.
It can be deliberate sabotage, as was the case with Bonitas and RFF, with pessimistic or dishonest reports designed to panic investors into selling.
The insider trading restrictions are around having access to information that the market doesn’t have. If you are in a period where you have no market sensitive information, then you’re able to trade your own company.
It would definitely be monitored and if your company suddenly shifted dramatically shortly after a trade there would be a please explain.
whats the old saying, if you can’t beat em, use em to your advantage 
but that’s not market manipulation, that’s just good old fashioned stock market play
Actually, as explained on here before, it’s not so much manipulation in the sense that they are spreading misinformation to raise or lower the prices, but rather they are exploiting a publicly known situation that there is a lot of shorting going on in a particular investment and they can achieve a short squeeze to get profit.
So yes, it is actually stock market play.
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you gotta work in politics
it’s not manipulation, it’s just spreading misinformation to drive a price up or down