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Warpy

(113,131 posts)
2. It's why most of us were clapping and chhering when Reddit
Fri Jan 27, 2023, 08:00 PM
Jan 2023

stock players waited for hedge funds to load up on rented Game Stop shares in order to short them, the Reddit crowd buying them and driving the share price up. I don't know if they managed to kill off any hedge fund vultures, but I know they came really close.

The big guys at the top will occasionally still short stock, Wall Street being a casino for rich men more than anything else. What needs to be stopped is shorting stock a person or company doesn't own. Leasing stock from long term holders in order to play games with it is what needs to be illegal.

(Yes, I'm in the casino, I inherited it. However, I'm in it for the income, something dinned to my little head when I was a little kid, and so far that's worked out. It doesn't matter what the per share price is, the income stays roughly the same)

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