Aug. 17, 2022
August 17, 2022 What happened? What happened? When did the standards of ethical and professional responsibility fall so low that it became acceptable for $50 billion and $500 billion dollar funds and market makers alike to agree that it is prudent behavior to target low market cap, primarily retail traded stocks? In in early 2020 GameStop was trading at a dollar a share and had a market capitalization of under $300 million. Is it prudent behavior for institutional investors to be targeting these types of equities? Is it prudent behavior for them not to be able to manage their risk when trading these types of stocks? Is it prudent behavior for the markets to yield to their cries of 'high calamity'and put a halt on the buy button when those same big players are at fault for mismanaging their risk? What happened to the ego of these big boys who had to turn to trading basically penny stocks because they can no longer find that sacred edge...? What happened to actually doing the work of research like Warren Buffett or Carson Block's Muddy Waters? It would seem, this is inevitably the result that you get when fiduciary duties (to your shareholder's bottom line of making money) supercede all other moral, social, and ethical responsibilities. These same big players were parasites preying in the childrens' sandbox for far too long. Now, they finally got caught with their counterfeit shorting practices and they ask you for leniency.. They like less transparency. They thrive in that environment. Just like parasites. You want a middle ground for this 15 minute reporting rule? I'd say make it 20 minutes but 10 minutes for those funds also engaged in the business of market making or having ANY substantial relationship with no commission brokers. Where there's a winner in the market, there's always a loser. You shouldn't have to cater to the whims of every dying breed of institutional investor. Your work is already hard enough. And I appreciate you.