Re:Statement of SEC Regarding Recent Market Volatility
by joncrane on Friday January 29, 2021 @11:39AM
(#25959196)
Preventing purchase orders would cause the stock price to go down.
The funds short the stock gain wealth from the stock price declining.
Holders of the stock lose wealth. Clients who want to buy "lose" the opportunity to gain wealth.
The suspension of the ability to buy into the hype absolutely hurt the long folks (mostly retail WSB types) and helped the short folks (the big hedge funds which are short GME).
The funds short the stock gain wealth from the stock price declining.
Holders of the stock lose wealth. Clients who want to buy "lose" the opportunity to gain wealth.
The suspension of the ability to buy into the hype absolutely hurt the long folks (mostly retail WSB types) and helped the short folks (the big hedge funds which are short GME).