Can I recommend Vanguards mobile App?
They haven't changed it in years.
None of this fancy charts and it wont let you risk your fortune on options.
The servers are probably running a DOS emulator.
lol. Be that as it may, you can in fact trade GME right now on the Vanguard iOS app.
I put in a small buy limit order to backstop the kids and convey my opinion to the Street about shutting down trades and shorting to destroy. Perfectly happy to lose it entirely as a small act of patriotic duty.
Relevance to TSLA?
- The shorts are a lot of the same folks that so diligently tried to help destroy Tesla.
- The SEC appears complicit in the shorts’ games. It could certainly act to make the market more transparent especially with regard to shorts. The SEC appears, at best, to be asleep at the wheel if not actively turning a blind eye. Maybe the publicity around these shorts will put a limelight on the SEC’s failings.
- The shorts and their backers will need to liquidate other assets creating opportunities for discounted buys for those who aren’t sh*theels. The rot is wider and deeper than just the short funds. Didn’t Steve Cohen bail out Plotkin at Melvin?
Overall, the storming of the shorts is neutral for TSLA. Although it may rock the boat a bit, the buying/selling pressure directly resulting should cancel out. That is, there will be short funds also short TSLA that need to buy as well as funds long TSLA that are short elsewhere that will need to sell TSLA to cover other losses. Just a guess and not advice.
edit: Perhaps the action around these heavily shorted companies will create visibility into the abuse of naked short selling by MM’s. One can always hope anyway.