[National Finance 89th Floor]GME’s booming populist speculation is more just? -President Cheng | Apple Daily

The short-selling agency short-selling an offline game retailer GameStop (GME) and being beaten back is almost the focus of the world recently. The nature of this netizen uprising and counterattack short-sellers has won many netizens’ whirlwind praise and participation; but after thinking about it, is the whole thing really like their story of the courage of David and the giant Goliath? What justice is behind, or there is no justice at all? The president does have many thoughts and questions.

1. Many netizens regard this as a retail investor against the Wall Street predators, but with the scale of short-selling institutions Citron and Melvin, are they considered predators? To a certain extent, Citron is the flagship of the big crocodile. In the past years, it has perfectly exposed that many shares have fraudulent elements and suspended trading, and also publicly stated that it will conduct short selling. The founder Andrew Left did not hide his name or hide behind the law, and short-selling Evergrande Even with the Securities Regulatory Commission in court, can you criticize him for not being open and upright?

2. Everyone unexpectedly said that this incident was a retaliation against the 2008 financial tsunami and Wall Street alligators. Come on James, it’s 2021. Banks have been fined to fear by regulators for more than a decade. They said that predators bullied retail investors. Didn’t you make any money in the rising market last year?

3. Take a step back and say, you have to fight the predators. Many such as Goldman Sachs and Morgan Stanley are already listed investment banks. Reports and position changes may cause some stocks to rise and fall sharply; by the same standard, they are more evil than Short Fund, why not Hostile buying their shares, instead of focusing only on these fine-priced, old economic shares of GameStop?

4. Alright, the two short-sellers of GameStop have surrendered. What is Agenda today? It is a group of low-level stockholders who say they want to clamp the stock price to more than US$30,000 or even crack down on stocks with high short-selling ratios. What is the purpose and justice? Who will benefit in the end?

5. Regarding brokerages restricting retail trading of GME, regardless of the fact that it is actually a very technical regulatory requirement, but also take a step back: brokers are really restricting GME stock prices because GME stock prices are too crazy. You can hold high the banner and say that they are against free markets: “Tesla, can’t you? You can’t hold back the three stupid trams?” Going to GameStop soared, just like the VolksWagan incident in 2008. Did the losers vowed not to complain: “Wall Street is really dark, and brokerages induce stock purchases. Properly supervise!”

The president embraced the free financial market, but attacked a former crocodile who was inconsistent with the noble ideals, turned against the big stage and turned himself into a big stage, and turned Wall Street into a dolly fish in the past, and then raised the stock price to make profit. Is the style of stock speculation more fair than before?

President Cheng

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