iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,494 Blog Posts

PANDEMONIUM BUSTS LOOSE ON WALL STREET

Shorts are having their cocks eaten for them this morning. It’s populism but with a capitalistic twist. Mad lads heading out there and voting with their money to destroy the elite. I know some of you do not think this way —- but rest assured that’s exactly what $GME and $AMC +100% mean.

The elite might hate us but we also hate them. Whenever and wherever the battlefield is to the advantage of the common man —- they will eat the rich.

That being said, heavily shorted stocks are +7% on a median basis today and it’s not just GME. It’s names like $BIG $SPWR $PLCE or $HOLO.

Hedge fund managers are covering their shorts en masse now, ahead of any squeeze — for fear their positions might be targeted next. It’s literally open season now.

I sold all at the open except for 1 position: $RUM, which I’m hoping will also undergo a short squeeze, especially since it’s heavily shorted and also hated by elites for providing the plebs with a venue to exercise free speech.

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. txchick57

    Bitcooin and miners next?

    • 0
    • 0
    • 0 Deem this to be "Fake News"