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

apparently there are STILL MORE shorts on gamestop or something?

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.

@freemo because reddit found out wall street was trying to crash gamestop for a quick profit, and decided to start buying stocks in (distributed) masses.

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.

@freemo hedge funds are holding short, anons are holding long.

@icedquinn @freemo they think things will turn their way but their corrupt attempts to "stabilize" the stock will further radicalize people

@georgia @freemo the coversups are often worse than the crimes

although who knows, maybe the other hedges were already committed by the time it happened and they're panicking.

@icedquinn

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).

@georgia