I was at Shell filling up - and the video was showing GameStop, and I could barely hear the audio, but the dialog was all about Wall Street finance.
And I was sitting there with the pump in my hand going, "WTF?!?"
This adds a little clarity to that, too.
Thu Jan 28 2021 11:48:42 EST from nonservator
I understand regular investments, but short investments make no economical sense to me. It is just a money machine for the people who can afford to short invest.
Yeah. Waves of long-side enthusiasm can break in a ponzi-esque manner because they depend on unsustaible recruitment. That can leave some very disappointed trend-followers holding the bag. I would not buy in at this point in the game; it's too late to get in.
There may be a legitimate SEC investigation around public statements that were made on reddit. Insiders, or others with a vested interest, should not be making such statements.
Well today I look all my money out of my Enron stocks and dumped it into GameStop. The leftover money I purchased Lotto tickets with. (Crosses fingers)...
2021-01-29 17:10 from zooer
Well today I look all my money out of my Enron stocks and dumped it
into GameStop. The leftover money I purchased Lotto tickets with.
so in other words, you did nothing because there was no enron money :)
hedge funds seem to be "allowed" to manipulate stocks but private
Wait, who are the private investors. Everybody is private. Are you talking about big corps versus individuals on reddit? Because nobody's going after the individuals, they are going after the big corps that may have seeded discussions on reddit while they had a vested interest. Unless I'm really misreading this; I've really only skimmed the news articles so far--at best. I'm more like just gathering headlines and blurbs. Because this is frankly inane, except for AOC accusing Ted Cruz of attempted murder.
LOL Elizabeth Warren goes to bat for hedge funds? Have we hit peak clown world?
2021-01-29 22:21 from nonservator
LOL Elizabeth Warren goes to bat for hedge funds? Have we hit peak
Definitely clown world. I feel like there's a new peak every day though.
A lot of things are like that. But with luck more stuff like this helps the 'commoners' see the truth.
And while i really hate to agree with AOC, she is right in this case. Something needs to be done to these people cutting off trading. ( of course we have a different opinion on why.. shes just pissed as she didnt get in on it :) )
Fri Jan 29 2021 14:27:44 EST from darknetuserIt is just a money machine for the people who can afford to short invest.
Wait, who are the private investors. Everybody is private. Are you
Yes they are all private. I should have said hedge funds vs. small investors who trade at the retail brokerages. The way I am reading this, big hedge funds and reddit gangs both appear to have collaborated to manipulate the price of GME, but when the reddit gang won this round, the funds cried foul.
You know, the whole double standards thing.
It all feels like too much drama to me. Where the discussion starts and ends is that it may be illegal to make forward-looking statements on social media if you have a vested interest in the outcome. Everything else is noise.