• The forum upgrades are now largely complete.
    Please read this thread for more details.
    New user registrations are currently disabled.

Redditors gave Wall Street traders an absolute pasting

Billingham52 said:
How is it illegal for a lot of people to band together and say we will buy this share ? If it was illegal they would not have sold them the shares ,You are talking crap no one has been arrested from Reddit and no one will be . The shares got froze for a day then they started trading them again but only one at a time because they knew for a fact they would go bust when everyone else started piling in on them ... Legally
Click to expand...
You are so out of your depth it's unreal.
 

monkeytassle said:
Your pension, private wealth managers and family offices usually. But mainly your pension.
Click to expand...
I'm in on it for a laugh and just to follow the goings on out of interest.
However, as you say- de-stabilisation of funds and shares will severely affect our pensions. Not to mention haw they will be affected when Commercial property value and rentals fall off a cliff.
 
ozz said:
I'm in on it for a laugh and just to follow the goings on out of interest.
However, as you say- de-stabilisation of funds and shares will severely affect our pensions. Not to mention haw they will be affected when Commercial property value and rentals fall off a cliff.
Click to expand...
It's a small amount of people pretending to nail wall. Street when in reality it's pump and dump.
 
Billingham52 said:
How is it illegal for a lot of people to band together and say we will buy this share ? If it was illegal they would not have sold them the shares ,You are talking crap no one has been arrested from Reddit and no one will be . The shares got froze for a day then they started trading them again but only one at a time because they knew for a fact they would go bust when everyone else started piling in on them ... Legally
Click to expand...

Its very illegal for a group of people to publicly get together and say lets trade this stock so its value goes up when the company is worth feck all
 
Last edited:
No I have done my business with him no need to speak anymore, Don't start waffling on saying my works pension is going to pay for all this . My money is invested in low risk . If a high risk outfit crashes and burns they don't say take the money from them low risk pension funds . what's the point of being in a low risk if some high risk toe rag can take it away . you are talking rubbish
 
See ham biscuit2 said:
Its very illegal for a group of people to publicly get together and say lets trade this stock so its value goes up when the company is worth feck all
Click to expand...

I’ve, just posted an FT article. Lots of quotes from previous chiefs of the SEC, Stanford professors, other regulators and senior lawyers. The consensus view is no evidence of illegality and even tougher time proving it
 
Billingham52 said:
No I have done my business with him no need to speak anymore, Don't start waffling on saying my works pension is going to pay for all this . My money is invested in low risk . If a high risk outfit crashes and burns they don't say take the money from them low risk pension funds . what's the point of being in a low risk if some high risk toe rag can take it away . you are talking rubbish
Click to expand...

Do you know exactly which funds and shares your pension is invested in?

They could have shorted gamestop as they thought it was low risk because the company is on its way down.

Then redditors got involved...

Just imagine if thats where your pension is invested..
 
See ham biscuit2 said:
Do you know exactly which funds and shares your pension is invested in?

They could have shorted gamestop as they thought it was low risk because the company is on its way down.

Then redditors got involved...

Just imagine if thats where your pension is invested..
Click to expand...




Hope so Ill swap it all for shares :D:D
 
You must log in or register to reply here.
Back
Top