I've perused WSB for a while, but watching GameStop this morning, I'm worried this recent 'short squeeze initiative' opens the door for various retail trading restrictions. Whether phase-out of commission-free trading, per-trade taxes, restrictions on options trading, tightening of pattern day trading restrictions, it seems something is coming. It's tough to envision a circumstance where retail trading is permitted to interfere with such a fundamental activity as short-selling. It's like a DDoS attack on the stock market, and I expect the defenses to be similar: additional vetting, limits, circuit breakers (which already exist but could be modified).
I really hope I'm wrong because their ability to make GameStop, Nokia, and BlackBerry trend in 2021 is genuinely hilarious.
I really hope I'm wrong because their ability to make GameStop, Nokia, and BlackBerry trend in 2021 is genuinely hilarious.