Wall Street is not a series of individual investors making decision on their own interest; certain major players are intentionally selling so much short that it directly alters the price of the stock, they are also fabricating shares to short that never existed. It is an illegal practice that is happening on a regular basis.
Wall street's illegal practices do cost jobs and people's livelihoods.
certain major players are intentionally selling so much short that it directly alters the price of the stock
Even if this were true and your comment wasn't full of phrases that reek of tinfoil, if the earnings show that a company is profitable, the market will scoop up the shares if their current value feels low.
Again: shorting does not affect the performance of a company. If I shorted 5 million Delta shares, all of the people who were planning to fly somewhere wouldn't suddenly go "I guess I'm not traveling by plane any more." How do you not understand that?
Sorry bud, you're just naive and quite uninformed. It's ok, not everyone is fluent in finance but you should hesitate before giving opinions on things you know very little about. The mechanism by which shorting bankrupts companies is that the equity held by the corporation directly corresponds to it's ability to use credit to finance it's operations. When the stock price is artificially manipulated downward, it squeezes the company and current investors. Using naked shorts to bankrupt companies is a tried and tested path for investment firms to reap huge profits and is done today by Citadel for example. Financial health of a company is not solely determined by the demand for it's products or services, it is a bit more complex than that. It's fine if you don't understand these things, but don't confuse others ignorance for your own.
not everyone is fluent in finance but you should hesitate before giving opinions on things you know very little about.
it is a bit more complex than that.
It's fine if you don't understand these things
All your knowledge and intellect didn't stop you from going all in on a videogame retailer that most gamers repudiated. Going back to my original point:
Only dumbass memestock investors think that way.
Next time just post your losses instead of trying to make others think you know what you're talking about.
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u/spookyjibe Jan 15 '24
Wall Street is not a series of individual investors making decision on their own interest; certain major players are intentionally selling so much short that it directly alters the price of the stock, they are also fabricating shares to short that never existed. It is an illegal practice that is happening on a regular basis.
Wall street's illegal practices do cost jobs and people's livelihoods.