Tomorrow promises to be interesting
Most Shorted Names Soar After WallStreetBets Reopens | ZeroHedge
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In a day when regulators, brokerages, and even the administration launched a full-court press to halt the marketwide short squeezes launched by Robinhood daytraders armed with stimmy checks and inspired by Reddit's forums - because a few hedge funds complained or were put out of business - Reddit's infamous WallStreetBets, the alleged origin of many of these bull raids, has published a
response to the SEC. We present it without commentary.
"To the SEC retards in this sub: go fuck yourself. Why don't you start investigating why companies can shut down trading so their hedge fund buddies don't lose money. But when people lose money it's completely okay. Eat a dick," r/WallStreetBets said, which has already garnered 122k upvotes.
Reddit users of r/WallStreetBets were apparently trashed all day by CNBC hosts and guests, with some calling average retail investors "unsophisticated." Well, if they were so "unsophisticated," then the question begs, how did a bunch of millennials on the Reddit forum unleash one of the biggest "mother of all short squeezes," and during the process, blow up multiple hedge funds who were overleveraged in Gamestop short positions.
One Reddit user said, "SEC I have proof of malfeasance. A group of hedge funds shorted the ever-living fuck out of GME putting themselves in this position. What repercussions should they face? Or is it because they're somehow better than retail investors they shouldn't face any penalties? We. Like. The. Stock."