Posted on 01/29/2021 10:02:15 AM PST by knighthawk
“..said he will no longer bet against companies”
Yeah.
Sure.
I don’t get it. Did any of the leaders of the Reddit retail buying crowd break any laws? If not, why are they being described in a manner that suggests they are criminals? I have never purchased stocks, so genuinely don’t know the answer.
This is like watching people betting ‘no pass’ at the craps table lose. Great stuff!
I wonder if, with the help of SEC and Fed.gov strong-arming the brokers, large hedge funds were already able to get out of their positions?
He is waiting until he thinks the stocks will crash and then he will sort the heck out of them.
I don’t get it. Did any of the leaders of the Reddit retail buying crowd break any laws? If not, why are they being described in a manner that suggests they are criminals? I have never purchased stocks, so genuinely don’t know the answer.
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Same reason they want to put Trump in prison.
............TURN THOSE MACHINES BACK ON!!!!!................
Could he be broke and doesn’t have a choice to not “bet against companies”?
No. Everything they did and continue to do is legal.
Wall Street big boys want a mulligan................
It’s an upside down world.
People who buy stock in a company in order to save it from being destroyed by short sellers are now the villains, and the hedge funds making billions by destroying said companies are now the heroes.
He doesn't want to commit 'suicide'................
Because they’re beating the hedge funds and titans of Wall St at their own rigged game.
Congress didn’t give a darn about anything that happened last year until something happened at the Capitol.
Wall St doesn’t care unless it upsets their profits. And I bet their puppets in Congress are going to drop the hammer on this guy, while they’re throwing parties for that scumbag clinesmith.
Fill should be flown to Mar A Lago and be given the Medal of Freedom from the Office of the Former President.
No they did not. Recommending or discussing a stock on a social media site, especially if you are not an investment advisor, company officer or incorporated investment fund, is not illegal. If so, you and I talking about a stock to friends a holiday party would be illegal.
I have lived in socialist/communist countries. Government instinctively first protects its organs of power and control. US corporate/leftist media is the same. Populist individuals organizing themselves in a way that shocks the status quo will instinctively be viewed as a threat and will be followed with ridicule, political outrage, and then behind-the-scenes manipulation to throttle them.
Robinhood should implode SHORTLY.....
No. Everything they did and continue to do is legal.
Wall Street big boys want a mulligan................
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What do you mean “no”.
I didn’t say they did anything illegal. I said the opposite in fact.
No.................
That was a question in post 8 by Avalon memories. It was a rhetorical question with the understood answer being no.
No actual laws were broken. The media is trying to make it sound like Redditors are somehow conducting insider trading, but that is because the media doesn't understand how stock trading actually works. Redditors simply realized that AMC and Gamestop were being shorted and they banded together to conduct activist trading. This has been done before, but never to this degree. I find it very amusing to watch!
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