The way the stock market is set up for the larger entities to easily outweigh performance of the average retail trader is completely absurd. With stocks that are being massively shorted, much like Tesla (TSLA) was back a few years ago, and other stocks now like Gamestop (GME), AMC Theater (AMC) , Nokia (NOK) and many more, it allows such a distrust in the system for who can make money FAIRLY. If a person or entity shorts a stock, but there is overwhelming support and volume for that stock, which drives up the price, thus causing a pressured increase in the stock price again due to short sellers HAVING TO COVER THEIR POSITIONS, should RELAY BUYING PRESSURE BACK TO THE LIT MARKETS, thus creating another increase in price. Likewise if the price increases and the short sellers continue to manipulate the market and control a very minimal amount of shares, such as the CURRENT GME and AMC situation, where the price is being drowned down with very minimal retail selling, based on volume but the price is not reflected appropriately, we should have READILY AVAILABLE DATA that gives the PUBLIC RETAIL TRADING COMMUNITY ,the SAME playing field. If we take the time to learn the financial indistry and economics of the stock market and other economy markets, we should have the same information and data READILY and FREELY available to us as well. We are ALREADY pinned down as retail traders by rules such as the Pattern Day Trading Rule, and The Good Faith Violation. The true question with that, is what difference does it make if I have $500 or $500,000 dollars? I should be able to trade as many trades as I see fit. Likewise gambling is not regulated over all, and the same person can go and spend their $500, or $500,000 as they see fit. The markets are not equal for the lower classes. It takes years to build up equity for the vast majority to even be able to break free from PDT. Yet, we are in this situation where FINALLY the regulators are thinking of stepping in. The FACT that short selling on companies that are still profitable despite a worldwide pandemic is allowed is in itself absurd. The publics eye toward these situations is mostly unknown. Short selling data should be READILY AVAILABLE DAILY. Let us use AMC Entertainment (AMC) for example. There are currently 524M shares on float total including all segments. Insiders 6.5% Retail 67.2% Institutions Combined 26.3% From Fidelity (07-15-2021) Totals 100% of the shares. HOW are there 80M-100M shares sold Short and they shorted from an average of $15.00 per share based on the timr frame, and they are NOT House or Margin Called to cover??? 15%-19% of the ENTIRE FLOAT. The Price went from $15 to $70+ and that is WELL into HUGE negative carry, and not to mention all the FAILURE TO DELIVERS. Why are these issues NOT ADDRESSED AND RECONCILED?? Normal traders on the retail sode would have been margin called long before that number waa reached, or auto sold to "Protect" their capital. The entire market can become at risk due to these actions, and no actions. Thank You for your time.
James Nash Comment On Regulatory Notice 21-19
The way the stock market is set up for the larger entities to easily outweigh performance of the average retail trader is completely absurd. With stocks that are being massively shorted, much like Tesla (TSLA) was back a few years ago, and other stocks now like Gamestop (GME), AMC Theater (AMC) , Nokia (NOK) and many more, it allows such a distrust in the system for who can make money FAIRLY. If a person or entity shorts a stock, but there is overwhelming support and volume for that stock, which drives up the price, thus causing a pressured increase in the stock price again due to short sellers HAVING TO COVER THEIR POSITIONS, should RELAY BUYING PRESSURE BACK TO THE LIT MARKETS, thus creating another increase in price. Likewise if the price increases and the short sellers continue to manipulate the market and control a very minimal amount of shares, such as the CURRENT GME and AMC situation, where the price is being drowned down with very minimal retail selling, based on volume but the price is not reflected appropriately, we should have READILY AVAILABLE DATA that gives the PUBLIC RETAIL TRADING COMMUNITY ,the SAME playing field. If we take the time to learn the financial indistry and economics of the stock market and other economy markets, we should have the same information and data READILY and FREELY available to us as well. We are ALREADY pinned down as retail traders by rules such as the Pattern Day Trading Rule, and The Good Faith Violation. The true question with that, is what difference does it make if I have $500 or $500,000 dollars? I should be able to trade as many trades as I see fit. Likewise gambling is not regulated over all, and the same person can go and spend their $500, or $500,000 as they see fit. The markets are not equal for the lower classes. It takes years to build up equity for the vast majority to even be able to break free from PDT. Yet, we are in this situation where FINALLY the regulators are thinking of stepping in. The FACT that short selling on companies that are still profitable despite a worldwide pandemic is allowed is in itself absurd. The publics eye toward these situations is mostly unknown. Short selling data should be READILY AVAILABLE DAILY. Let us use AMC Entertainment (AMC) for example. There are currently 524M shares on float total including all segments. Insiders 6.5% Retail 67.2% Institutions Combined 26.3% From Fidelity (07-15-2021) Totals 100% of the shares. HOW are there 80M-100M shares sold Short and they shorted from an average of $15.00 per share based on the timr frame, and they are NOT House or Margin Called to cover??? 15%-19% of the ENTIRE FLOAT. The Price went from $15 to $70+ and that is WELL into HUGE negative carry, and not to mention all the FAILURE TO DELIVERS. Why are these issues NOT ADDRESSED AND RECONCILED?? Normal traders on the retail sode would have been margin called long before that number waa reached, or auto sold to "Protect" their capital. The entire market can become at risk due to these actions, and no actions. Thank You for your time.