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Redditors gave Wall Street traders an absolute pasting

Horatio Moustache said:
Surely, if the fund that is shorting goes bankrupt it's not only the Wall Street workers who will suffer, but also the regular investors who have trusted them to manage their investments? I'm not sure how comfortable I am celebrating any sort of situation where people lose out financially.
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Stocks incurs Risk. That's their whole deal- risk v reward. If they don't want the risk, there's safer ways to invest and save. No-one is entitled to guaranteed safety with stocks. The market that makes them profitable is the same which can tank. If someone wants the benefits of that market they have to buy into its terms,which includes potentially losing everything.
 

Horatio Moustache said:
Surely, if the fund that is shorting goes bankrupt it's not only the Wall Street workers who will suffer, but also the regular investors who have trusted them to manage their investments? I'm not sure how comfortable I am celebrating any sort of situation where people lose out financially.
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The People who lose out financially will be people who have made fortunes off of other people’s labour

Fuck ‘em
 
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chunkylover53 said:
I have no time for short selling personally. But let’s not pretend this is the proles making money over a hedge fund. The vast majority will lose out when the share price inevitably crashes. It will, because it’s not worth it’s current valuation
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25billion or something like that? Wouldn’t be surprised if the main investors (BlackRock etc) cashed in as it’s never going this high again.
 
MonkeyLove said:
I get the feeling you are deviating here from actually answering the key question of what is illegal or under the remit of current SEC rules.

Is their evidence of false claims (not just this share has gone up 100% buy now)? No. Could you prove that in the probably 100M + Reddit board posts that any specific false claims influenced buyers? No. Could you claim that other investors bought shares not because of Reddit but because the share price was going up massively and people like Musk were tweeting about it? Yes.

Nigh on impossible under the current SEC rules or law to create a cause and effect that this is fraudulent market manipulation under the current rules.
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So far you've cited someone who settled a case with the sec and someone who has admitted to market manipulation. Now I'm not the sec nor is it up to me to decide what is and isn't legal. The regulators issue guidelines. It's up to them to dish out the fines. Not me. It's clearly not right what has happened. Some poor bin lorry driver will now be long cinéma stock at 200 dollars in his 401k
 
chunkylover53 said:
Which will send the price lower. And those who were last to buy lock in losses.

sticking it to the man or something
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Like I wasn't saying, pure carnage when the people who caught the thread and set up with platforms like 212 can't access the app for an entire day when the price plummets
 
The Albanian said:
The People who lose out financially will be people who have made fortunes off of other people’s labour

Fuck ‘em
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So, just to be clear. A person has saved a tidy amount and would like to invest it. It's nothing huge but it took a couple years to save up. They have trusted a hedgefund to invest this money, because they don't have confidence to do it themselves. The fund has shorted GameStop and the person who trusted the hedgefund is losing their money. We're f***ing them, yeah?
sonson said:
Stocks incurs Risk. That's their whole deal- risk v reward. If they don't want the risk, there's safer ways to invest and save. No-one is entitled to guaranteed safety with stocks. The market that makes them profitable is the same which can tank. If someone wants the benefits of that market they have to buy into its terms,which includes potentially losing everything.
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That's fair enough.
 
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MonkeyLove said:
There won’t be enough liquidity in the market
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Not for the whole position no. I don’t profess to know much about the market but surely there’s no chance BlackRock and the other IIs will be holding onto their whole stake in this co. Even if they offload a small % at a time, it’s a gargantuan rise off the back of no major fundamentals news or vast improvement in the company’s prospects. It’s a huge Sell right now no?
chunkylover53 said:
Which will send the price lower. And those who were last to buy lock in losses.

sticking it to the man or something
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Yep. Only be a handful of “winners” here. The folk who sell out quickly at the very top of the market. Still probably a worry number of inexperienced day traders pouring in having seen it on the news and had their eyes lit up with the daily surges.

Been mentioned already but when the price begins to drop, it’s going to be a bloodbath on trading platforms servers.
 
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The Albanian said:
The People who lose out financially will be people who have made fortunes off of other people’s labour

Fuck ‘em
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Like the GME, KOSS, AMC insiders, you mean?

Board members at these companies are sitting on stakes that are now heading to oligarch teritory.

e.g KOSS insiders had $6M staked, now it's worth $500M in 3 days, with no 'worth' generated for the 'workers'

:lol:

..and rumour has it that Silver Lake private equity partners had 45m AMC stock they can now make $700M on...

On Reddit a cadre of forum leaders whipping up people who know nothing about the market to make themselves rich?

There were posts I was looking at 2-3 days ago from people borrowing $1500 from doorstep lenders to 'get in'.

I hope it ends well for them, but I suspect there will be a lot of pain that goes relatively unreported here.
 
Digressing slightly, but whatever happened to all the SMB nailed on millionaires on the original "haway the oil" thread years ago.....can't remember the name of the company, but seem to remember that the oil never haway'd.

That was a good education in that, if it was that easy, everyone with spare few quid would be into it......and I'd have lost the f***ing lot!!
 
Thewper1 said:
Digressing slightly, but whatever happened to all the SMB nailed on millionaires on the original "haway the oil" thread years ago.....can't remember the name of the company, but seem to remember that the oil never haway'd.

That was a good education in that, if it was that easy, everyone with spare few quid would be into it......and I'd have lost the f***ing lot!!
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Xcite
 
Thewper1 said:
Digressing slightly, but whatever happened to all the SMB nailed on millionaires on the original "haway the oil" thread years ago.....can't remember the name of the company, but seem to remember that the oil never haway'd.

That was a good education in that, if it was that easy, everyone with spare few quid would be into it......and I'd have lost the f***ing lot!!
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hodl
on another note, robin hood has apparently hidden the relevant stocks from its platform.

td ameritrade restricting too. across the board, institutions are restricting people buying and selling amid fears of legal repercussions.
 
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sorry if seb but clearly something is going on that they are worried about,
sorry if seb but clearly something is going on that they are worried about,
 
mitty54 said:
Anybody bought either of these two stocks?
Reddit users are pumping the price up to shaft some of the big American hedge funds and try and make a profit themselves.Risky but could be profitable.

You must be logged on to see external links
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a friends son
monkeytassle said:
It's blatant market manipulation. I wouldn't want to touch it. Clearly some of these firms are toast.
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For a couple of quid, dipping in and out and not getting greedy will be fun and surely get you a couple of quid.
A friends son who is autistic and a genius around computers and figures is over £7500 up this week.
I have invested £1k with him to see how he does.
 
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