This is getting ridiculous, anything that goes up they want to regulate

At least we can shift the spotlight off of bitcoin for a bit here.

GameStop continues to be on tear, trading as high as $380 per share now, as a reminder it was worth $5 back in August.

(Source: https://chainstoreage.com/gamestop-talks-store-reopenings)

Now regulators are calling for a stock suspension or other regulator actions to stop the craziness.

It's all the talk everywhere.

I wish I could say I'm surprised, but I am not. We've seen this with bitcoin any time it goes up and is what spooks new investors out.

Once it shoots up they say it shouldn't be going up so there must be fraud!

So tired of hearing this from regulators.

Retail loses far more than they win to wall street. Well here we have an unusual situation where retail has been able to stick it to institutions who shorted big time prior to big run up.

They were short 140% of the outstanding shares btw, how can that even happen?

If regulators want to look at something, look at why they are allowing up to 140% of anything to be shorted!

You should never be able to short more than 100% of a company's stock.

That means that companies are being loaned the same shares more than once, which in theory means that they could supply unlimited selling pressure.

That's a broken system in my opinion.

So, if you want to look at why this is happening look at your rules of allowing institutions to short more than 100% of a stock's outstanding shares.

With a democratic administration I suspect we are going to see more regulations coming, fun stuff.