WOW... lol https://twitter.com/rockstar_stocks/status/1400958304336089090?s=21 Someone just admitted on live TV that there are synthetic shorts. The look on her face when they cut back to it is... "what did you just do"
Unfortunately, nothing will be done about the naked shorts. It's already illegal, has been for a long time, and has been common knowledge for years. From 2012:
I disagree. A lot of stuff is already being done, and the public outcry and retail voice is at unheard of levels. The SEC is already firing accountability officers over it, and market makers are tightening up and blocking hedge funds from shorting.
I hope you're right. I just don't place a lot of faith in the SEC, they've know for years about this and haven't lifted a finger. I mean, how fucking evil is it of these shorts to consider driving a company into bankruptcy the "Ultimate Win"? When a company goes tits up, they don't even have to consider coming up with their FTDs. On the surface MM's were a great idea, but just like Communism, they failed to figure human nature and greed into the equation.
If I was the type to do so I'd keep a close eye on El Salvadorean property, somewhere remote but still on the grid. Buy me a nice ranch, all courtesy of their new national currency BTC. Of course I'd wait for the next spike to cash out, really get the most out of that exchange rate.
Puerto Rico already had this idea, and it hasn't done much for them. Plus you get the ancillary benefits of US rule of law (sort of). And....bruh, have you been to El Sal? The murder capital of the world?
They’re doing their 5m placement at $255. All good. If you’re worried, zoom out. Shorts are still fucked.