The shirt squeeze is real.
.Some very rich asdholes broke the law shorting gamestop 140% over it's available shares. This is illegal. Worse, they are required by law to return the shorted shares, at any price, when it goes up. They literally can't return more shared than exist, so the stock price has potentially infinite value.
These rich asdholes are breaking more laws to slow down that inevitability. Nobody knows what will happen because the SEC is supposed to stop this from happening, but it's failure to reign in criminals for years allowed this and now we are going to see.
In the end though, more crimes are happening by rich people to protect their wealth. Robinhood and it's owners and partners in crime will be bankrupted and prosecuted out if existence. The market will be blamed for the SECs corrupt allowance of crime to get this badly out of hand.
It can't just go away. Too much crime. Too many investors and not enough shares.
Maybe the people pulling strings will buy gamestop outright for a few billion. Then they could issue more shares. But I don't think there's time and the company keeps getting more unaffordable as shareholders hold, and watch the billionaire smolder as the burn begins.
The shirt squeeze is real. .Some very rich asdholes broke the law shorting gamestop 140% over it's available shares. This is illegal. Worse, they are required by law to return the shorted shares, at any price, when it goes up. They literally can't return more shared than exist, so the stock price has potentially infinite value.
These rich asdholes are breaking more laws to slow down that inevitability. Nobody knows what will happen because the SEC is supposed to stop this from happening, but it's failure to reign in criminals for years allowed this and now we are going to see.
In the end though, more crimes are happening by rich people to protect their wealth. Robinhood and it's owners and partners in crime will be bankrupted and prosecuted out if existence. The market will be blamed for the SECs corrupt allowance of crime to get this badly out of hand.
It can't just go away. Too much crime. Too many investors and not enough shares.
Maybe the people pulling strings will buy gamestop outright for a few billion. Then they could issue more shares. But I don't think there's time and the company keeps getting more unaffordable as shareholders hold, and watch the billionaire smolder as the burn begins.