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Old 01-28-2021, 09:37 AM
 
Location: Brackenwood
9,883 posts, read 5,550,028 times
Reputation: 22006

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It's OK for the plebes to make a dime or two if they get lucky from time to time. But allow them to make serious money, at the expense of the royal class no less? Harumph I say!!

Oh yeah, and in a remarkable coincidence, Discord discovered /wallstreetbets is guilty of "hate speech" at the very moment powerful hedge fund managers took to the news channels to complain about how they're being taken advantage of and "someone needs to do something about it!"

Any lingering doubt about whether the system is rigged have been utterly erased. They can't afford to even try to hide it any more.
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Old 01-28-2021, 09:47 AM
 
Location: Spring Hill, FL
4,268 posts, read 1,517,143 times
Reputation: 3467
Now, if restricting trading isn't market manipulation, I don't know what is.
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Old 01-28-2021, 09:49 AM
 
Location: Seacoast NH
1,731 posts, read 855,888 times
Reputation: 1864
Looks like the little guys, for now, are winning: https://www.yahoo.com/news/gamestop-...154801002.html


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.
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Old 01-28-2021, 09:55 AM
 
5,938 posts, read 4,672,271 times
Reputation: 4630
Wall Street treats the stock market like a casino, but one where they have the house advantage. They just don't like to see that house advantage temporarily taken away.
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Old 01-28-2021, 09:58 AM
 
Location: Chicago Area
12,688 posts, read 6,683,373 times
Reputation: 6593
The little people got wise to the game and tried to play it for themselves. This cannot be allowed, am I right??
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Old 01-28-2021, 09:58 AM
 
Location: Tokyo, JAPAN
955 posts, read 599,416 times
Reputation: 1074
Eat the rich, I say.
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Old 01-28-2021, 10:01 AM
 
Location: Brackenwood
9,883 posts, read 5,550,028 times
Reputation: 22006
Quote:
Originally Posted by gailjnh View Post
Looks like the little guys, for now, are winning: https://www.yahoo.com/news/gamestop-...154801002.html


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.
And the system is doing everything it can to make sure it's the little guy and not the rich & powerful. They're doing it right out in the open and daring the little guy to do anything about it.
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Old 01-28-2021, 10:03 AM
 
Location: Virginia Beach
8,346 posts, read 7,015,665 times
Reputation: 2874
Rich people got scared so they're doing anything they can to make sure that regular people don't actually make money and upset the balance.
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Old 01-28-2021, 10:06 AM
 
Location: Sonoran Desert
38,964 posts, read 50,902,191 times
Reputation: 28143
This blocking of trades to protect wealthly investors' holdings is despicable. It is everything that is wrong with so-called "capitalism" a game rigged for the privileged.
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Old 01-28-2021, 10:06 AM
 
Location: Currently in Florida for a little while
1,301 posts, read 661,151 times
Reputation: 1829
Quote:
Originally Posted by godofthunder9010 View Post
The little people got wise to the game and tried to play it for themselves. This cannot be allowed, am I right??

Shut it down!
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