John Polonis
Jan 31, 2021

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To be clear on my side - I think what RH did was arguably a conspiracy to restrain trade under antitrust laws (i.e., colluding with the likes of Citadel, Point 72, etc. to prevent further buying of GameStop and other securities). My issue is more with the activity engaged in by the individual investors who banded together on WallStreetBets and other social media sites for the primary purpose of pushing up the price of securities to punish a hedge fund's positions. That is arguably market manipulation, and it's difficult under those circumstances to make any compelling argument with unclean hands.

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