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Redditors gave Wall Street traders an absolute pasting


monkeytassle said:
Because its causing a disorderly market.
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Is it though? Isn’t it primarily f***ing a handful of funds who have been caught with their bollocks in the bacon slicer? Blocking the trading of these securities only consigns retail investors to paper losses instead of the shorters.

Appreciate it’s an anomaly and a major talking point but we have already established its not technically illegal. Just like shorting stock.
 
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Bukowski said:
Is it though? Isn’t it primarily f***ing a handful of funds who have been caught with their bollocks in the bacon slicer? Blocking the trading of these securities only consigns holders to paper losses instead of the shorters.

Appreciate it’s an anomaly and a major talking point but we have already established its not technically illegal. Just like shorting stock.
Click to expand...

They'll surely have to offer the option to close open positions
 
Bukowski said:
Is it though? Isn’t it primarily f***ing a handful of funds who have been caught with their bollocks in the bacon slicer? Blocking the trading of these securities only consigns retail investors to paper losses instead of the shorters.

Appreciate it’s an anomaly and a major talking point but we have already established its not technically illegal. Just like shorting stock.
Click to expand...
I can tell you for sure the sec/fed/institutions dont give à shiny shite about a handful of hedge funds. What they care about is having a functioning market. This is clearly distorted.
 
Trading 212 warning for those holding one of the so called memestocks [in this instance AMC] :

In the interest of mitigating risk for our clients, we have temporarily placed AMC Entertainment in reduce-only mode as highly unusual volumes have led to an unprecedented market environment. New positions cannot be opened, existing ones can be reduced or closed.
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Once again, me a layman, thinks that this would surely allow no further buying pressure / rise in price for AMC, but rather an opportunity for shorts to close their positions and send the price lower as retail investors panic and begin to sell? Thus seeing a sharp and (temporarily at least, until buying is unblocked) irreversible slide in the SP for those retail investors who are holding and only able to reduce their position?

Seems a bit... manipulative?
monkeytassle said:
I can tell you for sure the sec/fed/institutions dont give à shiny shite about a handful of hedge funds. What they care about is having a functioning market. This is clearly distorted.
Click to expand...

That it is. But the US markets have seldom been anything other than distorted over the past 12 months with record highs not reflecting the economy going into reverse as a whole. And as others have pointed out, over time, there's been plenty of other occasions when the market has ceased to function "normally", caused entirely by IIs as opposed to PIs. This one's special though, eh.
 
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Bukowski said:
Trading 212 warning for those holding one of the so called memestocks [in this instance AMC] :




Once again, me a layman, thinks that this would surely allow no further buying pressure / rise in price for AMC, but rather an opportunity for shorts to close their positions and send the price lower as retail investors panic and begin to sell? Thus seeing a sharp and (temporarily at least, until buying is unblocked) irreversible slide in the SP for those retail investors who are holding and only able to reduce their position?

Seems a bit... manipulative?
Click to expand...
You can close longs or shorts. If you so wish.
 
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