Smallman1 There’s a lot of signs that various places are preparing for GME to go into the stratosphere.
That DTCC one is one of the biggest - if hedge funds default on paying for shares, the DTCC takes the wrap. So they are pre-emptively stopping that by giving them more access to money from places if they want it.
Trading 212 quietly introduced a 0.15% commission for currency transfers this week. Possibly because there’s about to be a shit tonne of USD converted back to euros and pounds perhaps?
There’s a total media black out on places like CNBC about gamestop now because they are made up of ex hedge fund people and their mates and they don’t want to broadcast the problem to people in case the world decides to jump back in. They’ve spent the last week whinging about tech stocks falling but decided not to mention Gamestop rocketing up 100% or so.
Shit’s about to get real imo. 🙂
As for HF vs HF, yeah, some of them smell blood so are going to nuke the ones that have over stretched on Gamestop into the dirt. It’s way beyond ‘reddit stocks’ or retail investors now.
