Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I’m a bit torn. I agree with the free market and don’t like the sec shutting things down. But this type of artificial “pump and dump” type of market manipulation is not what the market was created to do - which is invest in companies and help them raise capital.
I agree. And that is why the hedge fund companies need to be shut down. They have been doing this for years.
It's not pump and dump, go read through the wallstreetbets threads. People were like I don't care if l lose this 200 bucks, I just want to stick it to the hedge funds. They wanted to crush the short sellers and were 100% open and honest about it. Pump & Dump is about deception and talking up a stock fraudulently. These people didn't say Gamestop was worth stratospheric levels, they were saying squeeze the big guys and take their money
Daily trading volume around 100million shares...or 30billion.
This isn't being done by $200 purchasers, there are not enough of those.
I’m a bit torn. I agree with the free market and don’t like the sec shutting things down. But this type of artificial “pump and dump” type of market manipulation is not what the market was created to do - which is invest in companies and help them raise capital.
Yeah but on the flipside is massively shorting 140% what the market is created to do? The short squeeze effort is market manipulation but probably not technically a pump and dump.
Daily trading volume around 100million shares...or 30billion.
This isn't being done by $200 purchasers, there are not enough of those.
Of course, but you know as well as I do that other players have piled on like they always do, including long hedge funds and volatility traders. It started as a co-ordination effort but now it's mostly market forces
Now we know why certain Dem pols were talking about neo nazis on reddit, they will soon be de_platformed by bezo's or one of the other tech lords.
How dare the proles make sport of the nobility.
I knew they would drag out the Alt-right bogie man again. Trump, "the dictator" walked out while the media alternately uses terminology that someone littering in a maga hat near the capital is an insurrectionist while a trying to burn a Federal building to the ground is a mostly peaceful protest. Looks like the typical leftist is finally not falling for it this time.
Meanwhile, as one member of the self-described "autistic retards" on /Wallstreetbets said, "I can stay retarded longer than you can stay solvent."
These short positions have hard due dates. It looks like the Occupy Hedge Funds crowd are willing to wait them out.
The fact that they call themselves "Autists" , "Degenerates" amongst other things makes me laugh in real life...maybe I am wrong to laugh at that, but that subreddit provides the Lulz
Unfortunately, they will lose in the end because they won't get out in time. Stock today has fluctuated between around $500 to just below $300. Someone is going to get caught holding the bag.
Of course, but you know as well as I do that other players have piled on like they always do, including long hedge funds and volatility traders. It started as a co-ordination effort but now it's mostly market forces
Yep.
It's like one of those nature documentaries where some birds start diving at sardines.
Then come the medium sized fish, dolphins, sharks....whales.
Of particular interest, some of the larger sharkers that show up aren't there to eat the sardines. *wink wink*
I personally don't give a poop, I've no skin in the game.
Just noting:
1) some outfits are likely worried about the WAVES of securities lawsuits that this will generate. They aren't necessarily caring about the hedge funds but more their own CYA.
2) There are some people jumping into this frenzy of greed that are going to get financially wrecked.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
