JP Morgan Was Short DUNG and Long VIPS. Check out the CHART of EACH.
VIPS has hardly been damaged during the last month. DUNG has been creamed by comparison. Keep in mind that JP Morgan was SHORT DUNG going into earnings. When DUNG had a profitable quarter, the stock took off. What happened after that, everyone knows. They brought it right back down, Along with EVERY other China stock (EXCEPT VIPS) and a few other favorites.
Wall Street is as CORRUPT as Washington DC. It's nauseating. There's no way in HELL that VIPS should remain unscathed while DUNG got blasted. JP Morgan has the deep pockets.
Retail investors don't move stocks. We get fleeced like sheep by the likes of JP Morgan. Hedge funds rape and we're the rape victims. Over and over again. The SEC changes the sheets on the bed.
I heard or read somewhere the the SEC even supplies hedge funds with information on which stocks and sectors has the highest degree of margin for retail investors. The SEC required mutual funds to disclose quarterly what their positions are, but hedge funds are exempted. The SEC is protecting them. The SEC states that by requiring hedge funds to disclose, it would possibly make them a target for short squeezes.
Funny isn't it? The SEC provides information to hedge funds so that they can squeeze the retail sector with high margin, but protects the hedge funds where they have high exposure to margin?
The SEC should be abolished or completely re-vamped. It's worthless to the retail investor.