the shorted stonks are finally going down but Fidelity apparently refused to collude now shitposters are buying more stonks despite the trend
what a strange world where anons buy stonks and banks burn
they are talking about if they hold the value above 200$ another couple days, another bank is going to collapse?
🇳🇱
@icedquinn It makes no sense to me, shorting makes stock prices go down not up normally. so I have to wonder why the reverse is happening here.
which caused the value to rocket, and when the margins were called in a hedge fun was KO'd.
@icedquinn yea im aware of the story a bit (didnt really look into it too much).. but what you just describe would be them long-ing the stocks (buying) not shorting.
It seems contrary to how brokers are reacting then.. brokers are allowing the long buys on the stocks right now but have only blocked shorting the stocks. If it is as you say the brokers and bank shorting and getting mad their getting screwed then I would have expected the brokers not to block shorts and still permit longs (which is what is hurting the banks/brokers).
there's one or two (Fidelity?) that refused and is still letting people trade as normal
I need more info to judge, but freezing in the face of high volatility isnt a crime its standard.. but it seems there is more to it i need to know before i excuse it.
well yea to a point, but thats just robin hood then, fuck them, never liked them anyway.
Ahh then yea i can see why that could be a problem.. though as I said seems on my end of the three borkers I used they only froze short selling and none of them froze anything else (you could still exist shorts, buy long, and sell long)... So really not sure what any of that would accomplish, those who went short would make a killing by just waiting.
yea they have mostly either restricted short sells, or put the maintenance margin at 100%, but of the three brokers I use none of them had a complete freeze.
@icedquinn @georgia @freemo I've been buying NOK shares all day just to test this and it's not the case on TD Ameritrade at least.
