GameStop/Reddit vs. Big Financial

[OakRiver]

 

[OakRiver]

 

[jaymark6655]

I have been seeing some articles stating how Elon's ability to move the market around with tweets is wrong and that regulations need to be changed to stop this. For me I am really not sure how that is any different or worse than Warren Buffett releasing a list of stocks he favors or has recently purchased. Now everybody goes and buys the same stock, driving the price up, and he profits.

 

[ditcherman]

Just because someone has a reason to lie is reason enough to distrust the information. But it's not evidence that they ARE lying. It's still worth knowing whether innoccent people are being hurt. But yeah, listing the people one's children might mention in a bedtime prayer sounds dubious. "...and please help the police officers and the teachers and the farmers...amen."

OMG they're ruining the police and teacher retirements!

CBOT’s been ruining my retirement for decades.

 

[BroodXI]

I have been seeing some articles stating how Elon's ability to move the market around with tweets is wrong and that regulations need to be changed to stop this. For me I am really not sure how that is any different or worse than Warren Buffett releasing a list of stocks he favors or has recently purchased. Now everybody goes and buys the same stock, driving the price up, and he profits.

it's not any different other than Buffett is a financial advisor and Musk is not.

 

[rooster]

it's not any different other than Buffett is a financial advisor and Musk is not.

Elon doesn’t even have to make his tweets overt and people are doing complex analysis on them to try to find any clue for what to buy or sell. All he Said before stock split was “stock price is too high”.

on GME and Reddit. Despite the share price shooting up like a rocket shorts have thus far refused to get out. ortex still shows short interest at 100+%. They are absolutely certain that this will tank the market if they are made to pay up and they are absolutely certain they will get a bailout. TARP anyone?

 

[BugI02]

I have been seeing some articles stating how Elon's ability to move the market around with tweets is wrong and that regulations need to be changed to stop this. For me I am really not sure how that is any different or worse than Warren Buffett releasing a list of stocks he favors or has recently purchased. Now everybody goes and buys the same stock, driving the price up, and he profits.

Heck, how is it even worse than Jim Cramer making bank selling paid advice on what to buy, and then a week later hyping the same stocks on his show so that it always rains a little for his paid subscribers

 

[Tombs]

That's actually not terrible advice.

If it was about the money, sure, but this isn't about the money. There's far easier and safer ways to make a buck on the virtual casino that is wall street.

 

[thompal]

She and Pelosi have been calling Republicans "the enemy." Including the ones in Congress. Odd words for a group who claims they want "unity." Dangerous words that can only lead to a bad place.

 

[thompal]

Welcome to Wall Street. This is a casino and most of the players are playing with someone else’s money.

Remember: the house always wins.

 

[OakRiver]

 

[actaeon277]

 

[smokingman]

nm. Old news.

 

[BigErnNP]

I found this an interesting explanation for those of us not knowledgeable on this whole situation.

 

[Route 45]

Defiant Redditors buy Times Square billboard as GameStop stock saga rages

Defiant amateur investors on Reddit say they are not backing down on their investments in GameStop — and even took out billboards in Times Square and across the country urging the faithful to continue holding the line.

www.foxbusiness.com

 

[Kutnupe14]

Shorting will get you rekt.

 

[starbreather]

Silver is in the on deck circle....batter up!

 

[Rookie]

I found this an interesting explanation for those of us not knowledgeable on this whole situation. View attachment 123339

You do have the choice not to buy it back at $25. You can decide to wait until it drops back down, but you have to pay interest on the loan until you return it. That's why these big hedge funds are in a panic. If retail investors keep holding, the hedge funds keep paying interest...

 

[Dean C.]

You do have the choice not to buy it back at $25. You can decide to wait until it drops back down, but you have to pay interest on the loan until you return it. That's why these big hedge funds are in a panic. If retail investors keep holding, the hedge funds keep paying interest...

In 2008 it took almost two weeks for VW stock to hit €1000+, this short squeeze on GME is not even close to over yet IMHO. The interest Melvin Capitol must be paying right now is probably insane..

 

[phylodog]

She and Pelosi have been calling Republicans "the enemy." Including the ones in Congress. Odd words for a group who claims they want "unity." Dangerous words that can only lead to a bad place.

Probably the most accurate, least deceitful thing the old bitch has said in years though so I give her a little credit there.