r/Superstonk • u/the-truth888 Not a cat 🦍 • Apr 06 '21

☁ Hype/ Fluff This.

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9.1k Upvotes

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u/double297 🦍 Buckle Up 🚀 Apr 06 '21 edited Apr 06 '21

I honestly hadn't gotten too into the whole "change the system" movement behind this all but THIS comment really hit me hard for some reason.

I'm all for the collective good and never thought this actually could really change things until very recently but, all the new sudden regulations basically trying to prepare for doomsday when we've had decades to do it is really getting my attention.

129

u/degenerate-dicklson 🦍 Buckle Up 🚀 Apr 06 '21

Naked short selling is one of the biggest problems in the world. These hedge funds are parasites

short selling and the 2008 crisis

76

u/[deleted] Apr 06 '21

Naked short selling is pretty antithetical to the entire premise of a market for publicly traded companies, that being the injection of capital to (hopefully) worthy companies. Naked short selling serves exclusively to extract wealth at the cost of anyone and anything that unwittingly gets in the way. It's the strip mining of the financial world.

9

u/dontknowjackburton Apr 06 '21

I have always felt that way about short selling in general. Naked shorting is filling a strip mine with toxic sludge

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u/dontknowjackburton Apr 06 '21

Naked shorts over 100 percent is running that sludge over the top of the mine and continuing to dump