$游戏驿站(GME)$ For those who strongly believe the stutes/MMs & funds are intentionally under-reporting shares shorted because Finra data relies only on what's being "self" reported, do you actually believe all shorts must be lying only because that's what 'you' would do if Finra was just taking "your word" for it?
Did you ever stop to consider why they wouldn't have lied about it when 140% self reported short interest back in 1/21? So why lie now, esp when GME is the king of all memes with the media and wall st spotlight shining brightly upon them now, keenly watching every move involved?..... not to mention that all of Wall St actually do self police each other, esp by the big funds like Blackrock, Vanguard, et al, with massive long positions, certainly reporting to the SEC if shorts were breaking the rules, esp to the degree you believe they are. If there was actual real irrefutable evidence of wrongdoing and not just accusations with no indisputable back-up, they would have been stopped a long time ago.
So again, why wouldn't either side be reporting each other to the SEC every day if rampant abuse is "really" going on. Longs/Shorts balance each other out whether you like it or not, like Offense/Defense does in football. That's why this +/- dynamic is needed on Wall St, to ensure self policing with longs and shorts policing each other, not just the SEC. For example, Blackrock or Vanguard would've reported the massive abuse of naked shorting by Citadel if that was the case and they could prove. So why haven't "they" whistle blown a long time ago if illegal activity was true? They know everything. Think about it.
Do you honestly think that only reddit and youtube are the only ones who know the real truth and all of Wall St is just blind to it? Really? If you think they're all on the same team you're sadly mistaken. They're actually all very competitive since judged based on their own performance, like teams competing in a sport. Do the Yankees help the Red Sox or Dodgers win, or vice versa? Does Blackrock want Citadel to win or lose?
They'd be the first ones reporting if their adversaries were doing something illegal and detrimental to their long position.
So if these big institutions that are Long don't believe the bs why should you? You think Citadel has more power with the SEC than Blackrock and Vanguard with $17 Trillion in assets under management, let alone the other 350 institutions invested long GME? They also have the combined financial power to buy far more mass media coverage supporting their long positions than just Citadel and the few other shorts can spend supporting their short positions. So, no real reason to believe the reported short interest and negative media hype isn't honest and accurate, for all the reasons already mentioned.
Comments