Posted on 01/28/2021 8:54:41 AM PST by SeekAndFind
A subreddit, r/WallStreetBets, has caused mass hysteria in the financial markets as many hedge funds and Wall Street elites have lost billions as a result of their GameStop play. Was what they did “market manipulation?” Absolutely. Is that inherently wrong or even illegal. Absolutely not.
Briefly, members of the subreddit noticed that most of the active shares for GameStop were in a short position, meaning hedge funds were betting that the stock price would drop dramatically, making them a lot of money. So, the Redditors put out the word to buy Gamestop stocks and drive the price up. It worked. One can argue it worked better than any other price pumping play in history that wasn’t attached to actual news about a company.
Politicians, trading companies, and Wall Street analysts have called for a moratorium on trades of the stocks until market volatility subsides. In other words, they’re trying to buy time for those who have shorted and even continue to short the stock to get their ducks in order to mitigate damage. It’s a play that works against the little guy in favor of the big guys.
JD talked about this in-depth on his latest episode of Conservative News Briefs (in its triumphant return after months of being offline). For those who want a shorter breakdown, here’s a brief explainer video from Anything Goes (explicit language):
They’re working against the short squeeze to protect assets, oftentimes their own. THIS is the only thing that’s bad about all of this. Is shorting stocks bad? No. It’s part of the gamble, and anyone who says the stock market isn’t legalized gambling is delusional. Is pumping the stock the way the subreddit did bad? No. Again, it’s all a gamble.
Hedge fund managers are claiming they don’t like volatility. The truth is they don’t like volatility they don’t control. This action by the masses driven by the “little guys” isn’t in the hedge fund managers’ playbook, which is why they’re trying to quash it.
It may not be but these hedge funds have screwed everyone else over and them taking it in the ass is karma.
Their problem is, they didn’t use:
/r/BlackWallStreetBets
or
/r/GenderFluidWallStreetBets
Some mobs matter more than others.
People can and will figure out how to hurt the elites as long as they continue to hurt the average people. You don’t need a guillotine to hurt them anymore. As happened in Trading Places, you hurt the rich elites by making them poor.
Well, except ransacking a mall is illegal and buying stocks is not.
Exactly! And now we are seeing in real time right in front of our faces how corrupt and rigged this system is against we Deplorables!
Now Robinhood has joined the suppression. Seems there was some rule changing to provide a desired outcome a couple months ago too.
They have all been exposed now in front of our eyes. Applause to the little guy beating big corruption at their own game!
Hopefully MANY more people are going to wake up now!
Says who? Is there some talking Market Idol that tells us what the proper prices should be and when they should rise and fall and by how much?
Class action suit already filed against Robin Hood.
The allegation is their funding source was Citadel hedge fund and they shut down trading. Half of RH users opened GameStop.
So it’s a rigging of the system by the big fish against the small fish traders.
manipulating the manipulators.
Would be nice to see Reddit sued over this. They kicked out the donald and would be nice to see that place crash and burn.
It isn’t about losing their savings, it is about the collapse of hedge funds destroying Wall Street.
Which this has a potential to do.
Now I get to learn about this new Robin Hood Exploit, it should be an interesting lesson.
These guys bought shares outright in GME and foiled the plans of the elite hedge fund managers who borrowed stocks to sell short. If they are going to subpoena these Reddit guys communications then they damned well better subpoena the communications of the hedge fund guys.
No standing.
I will bet on that.
Because the judges see what is coming down from the white house, and are hoping to survive the coming purges.
Then again, one person with a wild hair in their behind could mess this all up by granting standing.
They built a house filled with gasoline and insulted people who play with matches. This sucker is going to burn.
Sell before you own is the hedge fund way. It’s really no different than selling the apartment you rent and buying it later at a lower price after you trash the property. Fortunately, real estate has better controls on title.
When you change the game, the other side gets a turn.
No one really likes that.
You can’t resist the tide of history. If the technology exists to increase convenience, cut through red tape, etc, and you choose not to make it available to the public, the next guy will, and then he’ll just be the one to reap the profits instead of you.
The government can try to stop these innovations, but then people will just circumvent the government (see unstoppable pirate download sites for an example of that).
This is not about Gamestock.
This is about the kleptocrat’s “markets”—head they wins, tails everybody else loses.
The “big money” folks own the politicians.
The “little people” need to fight back.
Are you getting it yet?
Spot on.
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