Essentially none of what is written in your "rants" is factually accurate, unless by calling it out you meant to make clear that these were emotional ramblings unrelated to reality.
Neutral analysts on CNBC providing commentary is pretty different than someone with a financial stake trying to pump up a stock they own to maximize their profit.
There is no evidence that any of the major funds involved in shorting have done anything illegal.
There's nothing illegal about a wash sale, wash sales are just a minor technicality around how cost basis is calculated for tax purposes.
People figured out they could exploit a fund that was overexposed in a trade and did so. We don't need all the conspiracies and class warfare. Greedy retail traders took some money from some greedy hedge funds, that's the whole story, it doesn't need to be more than that.
This is amusing, check out interview with Chamath then everything else covered. It's even more amusing when Cramer of all people was the voice of reason.
> There is no evidence that any of the major funds involved in shorting have done anything illegal.
We will see through class action lawsuit against robinhood and SEC investigations.
> There's nothing illegal about a wash sale,
Used the wrong term, I meant the massive sell order (while people were not allowed to buy) trading halt, sell order again, trading halt, a few times to trigger stop losses then price magically goes back up where it was and the sell orders evaporated...
> it doesn't need to be more than that.
Disagree, some investigations are warranted as to how this was allowed to happen. (I'm assuming investors in hedge fund arent happy either at 3 billion loss that we know of) As well as general practices and the dirty tactics employed recently
Neutral analysts on CNBC providing commentary is pretty different than someone with a financial stake trying to pump up a stock they own to maximize their profit.
There is no evidence that any of the major funds involved in shorting have done anything illegal.
There's nothing illegal about a wash sale, wash sales are just a minor technicality around how cost basis is calculated for tax purposes.
People figured out they could exploit a fund that was overexposed in a trade and did so. We don't need all the conspiracies and class warfare. Greedy retail traders took some money from some greedy hedge funds, that's the whole story, it doesn't need to be more than that.