How Did Gamestock go to $350?

It was the late 90's when I knew something was wrong. Stocks of decent companies were being destroyed price wise. False article plants happened all the time like clock work. Specialists were telling me they were being just flooded with shares of stock tanking the price.

It's called Naked Short Selling, and I guarantee you that you, either personally or in a pension, were negatively affected. We figured some 6,000 companies were destroyed along with the jobs that accompanied them. It' s true.

I had put this type of stuff out of my mind, but getting back into day trading, you can't get around it. On Friday last, I bought some Gamestock held it for about three minutes, made $400, and saw that the stock had 150% of it's shares "shorted", i.e. sold in hopes to buy it back much cheaper. Well friends, that is illegal. How do you short more shares than the company has issued? How come I can't short shares, but big Wall St. funds can? And why did a Wall St. Hedge fund take such a loss, billions of dollars, endangering their very existence? It's because we've lost our moral compass.

We live in a world where wrong is right, down is up, and whatever you can get away with, you do. It's been going on a while, but this. A group of young guys got together and started a website discussing stocks like Gamestock Discussing is one thing. But when you take some of the biggest names on Wall St. to task, excrement is engaged by the biggest of fans. Here's how it works.

You can't short these stocks, sell them without owning them, but the big money can with "false locates". That means there are no legally hypotheticated shares available, so firms just lie. There are huge borrow costs incurred for shares not even there, but the firms don't complain, because they are almost certain the shares will collapse quickly, guaranteeing profits. However, when the stocks rise, in this case by tens of thousands of retail investors buying them, the "margin", the money borrowed from the firm to secure the account is insufficient because of a rising stock price. Just understand, the leverage is brutal, and when you go to $60, $90,$150 to $350 in hours, billions are in play.

Now, Wall St. has been doing this to you for years. but all of the sudden, done to them, it's wrong. Watched CNBC this morning, Andrew Ross Sorkin acted like someone shot his dog, an Ex SEC Attorney said this would destroy the markets. But in the meantime, there has been a massive shift of wealth from some of these funds and their well healed investors . Now, the Biden administration is going to "look into" this phenomenon. The website "Wall St. Bet" is being threatened with dissolvement. All because the wrong guys have the upper hand.

Does this doxin, censorship, harassment ring a bell? Does anyone think this is proper? How about when it finally happens to you, as it has done to conservatives and now, retail investors.

There are literally hundreds of stocks whose "Short Interest" exceeds 20% and 30% and so on, so, you haven't heard the end of this. Last night, I was up $12000 overnight with the plan to sell AMC, the world's largest theater chain with no movie goers, on the market open. I never got a chance. Every broker claimed that the order flow was so intense you couldn't access the platforms. Now, does that sound a little fishy? That's their business. I hit a button, they execute the trade. I watched the stock price drop and drop while I assumed the big boys got as straight as they could, because in the long wrong, the firms on the hook when the client fails. I lost ten of that twelve, but I fought like hell to get a piece of that back. Is that Kosher? Is anything Twitter doing Kosher?

This is story is going to evolve, maybe not end, with the government, in this case the SEC, handcuffing retail investors to benefit the pros. It's exactly what is happening everywhere. I plan on profiting from it, because I have the experience and platform to do so. I don't have any choice in the matter. But I would hope that some of you are getting your dander up and throw in to defend our rights. And don't come and say no one has taken my rights. No longer can I say what I want. No longer am I able to participate in a fair and honest election, and who knows what else?

We are in for a most dark and precarious time. I do the same thing day in and day out, try to help others, and stay true to my beliefs. Wall St. will cry. Remember, they started it illegally. The kids are doing nothing wrong except becoming millionaires. After all, who do they think they are?