Oct. 09, 2022
October 9, 2022
It may be a stereotype but as an investor I believe in GameStop to do great things. I find it unbelievable to see huge amounts of shares to borrow appear almost every trading day for more than 2 years now, that get sold short into the market with a stunningly far above 50% buy ratio, and that even while hundreds of thousands common people from regular households (so retail investors) are DRS-ing millions of their GME.
Without going into the question where these borrowed shares come from, I perceive this short selling as fraudulent, criminal even, and I believe its happening because the rules,
the overseers and lacking reporting requirements allow hedge funds to get away with it with only so much as a slap on the wrist.
Therefore I'm fully in favour of any rule change that increases transparency.
Thanks, and good luck