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.
I'm not entierly convinced who is corrupt here yet, still catching up.. sounds like the accusation is both sides are doing their own version of a pump-and-dump scheme which would be illegal on both sides if true.
Generally when stock prices go above a certain volatility it is common for them to be frozen as well, so regardless of if everyone is acting legally or not, the effect of both/eitehr sidemeans a very high volatility and freezing short sales (and sometimes even long buys) is very common and standard when that happens.
if that's a pump and dump then giving stock advice to anyone is a crime