__________________ "Happiness is a lie. Life is horror. The light is always dying all across the universe. The last star will flicker out someday, when it does, all that remains is shadow. And I will be its king!"'-Amahl Farouk
The only things that are questionable here is how there could be more borrowed shares than actual shares and that some financial services interfered with the trading on their platforms at the benefit of a small group of people.
Short-selling is fine, and ****ing over short-sellers by creating an artificial demand is also fine.
Also, this is stuff you learn in high school. So people aren't held in the dark.
It's about screwing over the hedge funds because it was found out that they shorted a crazy amount and could be destroyed.
But I disagree wholeheartedly it's about saving companies. Maybe for a select few but most comments are about screwing hedge fund owners.
But in reality, Gamespot, Bath/Beyond, Blackberry are failing companies. Even if this brings new life into them, I assume most of them will eventually crash anyways.
Also..I find kind of disgusting that people are worried about corporations that caused their own failures.
But the rest of the stock (BB, AMC and stuff) is basically pump and dump...which I think considered market manipulation. I have to assume SEC will come down hard on that.
I agree. I'm not sad some hedge funds are getting screwed due to their reckless investing. What has happened with GME is interesting and they should get screwed for making such a risky decision like that.
But eventually, when WSB says "invest in AMC", are you actually screwing over a hedge fund? Or is it a group of people pumping the stock because they bought low and when it gets high...they sell...which then ****s retail investors who went all in and don't know any better. I also agree that SEC need to investigate what the **** happened with Robinhood and etc.
That is no different than the dude from Wolf on Wall Street pumping shit stocks to unsuspected people.
Do we honestly believe this is ****ing everybody over? No, just the specific hedge funds that ****ed up....others are probably making a ****ing mint.
Don't get me wrong. I would prefer retail investors to get money rather than hedge fund managers.
I'm just worried for people that get caught up on this...getting screwed. And even other groups do bad things, I would prefer if nobody does bad things.
I also wonder if regular people who have retirement savings/mutual funds in some of these hedge funds are going to lose their own savings. But I do not know enough about who uses these hedge funds.
__________________ "Happiness is a lie. Life is horror. The light is always dying all across the universe. The last star will flicker out someday, when it does, all that remains is shadow. And I will be its king!"'-Amahl Farouk
Sure. The same way the crooks in Enron ruined a lot of lives.
That's why Obama said the bankers and such were "Too big to fail".
The thing is, their actions ruin lives anyways. They need to be stopped.
__________________ What CDTM believes;
Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.
The people going around constantly bashing Trump are not our "best and brightest" lmao. Not even close. On the contrary, they are actually our worst and dumbest (and most ignorant).
__________________ Paleontologists have tried to turn Archaeopteryx into an earth bound feathered dinosaur. But it is not. It is a bird, a perching bird. And no amount of 'paleobabble' is going to change that.-- Alan Feduccia-a world authority on birds, quoted in "Archaeopteryx:Early Bird Catches a Can of Worms," Science 1994, p.764-765
Last edited by eThneoLgrRnae on Feb 7th, 2021 at 04:26 PM
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