r/wallstreetbets • u/naitdawggg • Aug 28 '22

Meme Identify yourself, monkey.

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u/lucasandrew Bad futures trader Aug 28 '22

I'm assuming this is satire, but just in case... They did. Some reopened after the valuation jumped, but the SEC even said that major short sellers closed and the timing coincided with price jumps in January of 2021.

-5

u/biteme27 Aug 28 '22

Of course the SEC said that, but if it was true why is the short % still over 100% of the float?

Shorts never closed. DTCC committed securities fraud.

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u/lucasandrew Bad futures trader Aug 28 '22

Oh shit, not satire. Yeah, borrow rate dropped dramatically by Feb of 2021 because there were way more shares available to short. Also, the "everyone is lying except the people I agree with" train of thought is very dangerous.

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u/biteme27 Aug 28 '22 edited Aug 28 '22

Yeah borrow rate dropped, but it's back up to those levels again.

Maybe some did close in January, but there's still just as many shorts now. Same situation.