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DOJ To Investigate Retail Day Traders For Possible Market Manipulation
Posted on 2/12/21 at 4:39 pm
Posted on 2/12/21 at 4:39 pm
How the hell can 140% of GameStop's stock be shorted?
I think the DOJ is looking at the wrong end of the wolf.
DOJ To Investigate Retail Day Traders For Possible Market Manipulation
LINK OAN
I think the DOJ is looking at the wrong end of the wolf.
DOJ To Investigate Retail Day Traders For Possible Market Manipulation
quote:
Federal prosecutors are investigating whether market manipulation or other kinds of questionable activity played a role in GameStop’s stock surge this past January.
The surge happened when Reddit users on the WallStreetBets forum noticed 140 percent of GameStop’s stocks were shorts.
LINK OAN
14
Posted on 2/12/21 at 4:41 pm to Auburn1968
There it is!
frick them
frick them
Posted on 2/12/21 at 4:47 pm to Auburn1968
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Posted on 2/12/21 at 4:48 pm to Auburn1968
I was called a terrible attorney for suggesting there were laws in play for possible prosecutions
Posted on 2/12/21 at 4:49 pm to Auburn1968
Typical.
Posted on 2/12/21 at 4:50 pm to Auburn1968
quote:
think the DOJ is looking at the wrong end of the wolf.
Exactly.
No retail trader is big enough to manipulate the market. The Redditors had to hope tens of thousands of unconnected people did the same thing.
You would also have to prove that an individual investor was trying to cause the market to behave a certain way as opposed to taking advantage of a widely publicized situation.
Posted on 2/12/21 at 4:59 pm to Bestbank Tiger
quote:
You would also have to prove that an individual investor was trying to cause the market to behave a certain way as opposed to taking advantage of a widely publicized situation.
You mean. Like a guy posting dialy about everyone buying together and causing a short squeeze on a social media sites? Cause yeah.....they're probably not done breaking it off in wsb arse after that stunt
Posted on 2/12/21 at 5:13 pm to SlowFlowPro
quote:
I was called a terrible attorney for suggesting there were laws in play for possible prosecutions
The question is prosecute who? How do you have 140% of GameStop shares shorted? Are there phantom shares? Or counterfeit shares floating around? A trick? A gimmick?
Upperdeckers pegged this thing to a T before it popped.
Posted on 2/12/21 at 5:31 pm to oklahogjr
quote:
You mean. Like a guy posting dialy about everyone buying together and causing a short squeeze on a social media sites?
I ask this out of law naivety not as a gotcha.
What makes this different than a hedge fund manager going on CNBC and talking about how a stock is primed for a squeeze, or how they're short because the company is going to fail?
Posted on 2/12/21 at 6:33 pm to rintintin
quote:
What makes this different than a hedge fund manager going on CNBC and talking about how a stock is primed for a squeeze, or how they're short because the company is going to fail?
To me absolutely nothing. To the SEC?well we will find out
Posted on 2/12/21 at 6:39 pm to Auburn1968
quote:
The question is prosecute who? How do you have 140% of GameStop shares shorted? Are there phantom shares? Or counterfeit shares floating around? A trick? A gimmick?
A quick google search will give you the answer
Posted on 2/12/21 at 6:52 pm to Auburn1968
quote:
I think the DOJ is looking at the wrong end of the wolf.
The fact that more people aren't outraged about this and coming together is disheartening. If people can't see that only the lower classes are the go-to guilty parties for big situations, then we are done.
Posted on 2/12/21 at 7:15 pm to Auburn1968
Where do you think all of the DOJ and SEC investigators will go to work when they leave DC?! 
Posted on 2/12/21 at 7:39 pm to hometownhero89
quote:
The fact that more people aren't outraged about this and coming together is disheartening. If people can't see that only the lower classes are the go-to guilty parties for big situations, then we are done.
It’s a bit premature for that. This article is speculative clickbait that infers things about the investigation as if they’re fact.
If the DOJ brings charges against average Joe trader, then there should be outrage.
This post was edited on 2/12/21 at 7:40 pm
Posted on 2/12/21 at 7:47 pm to Auburn1968
Yes, cause Wall street has never manipulated the market. EVER!
Posted on 2/12/21 at 7:50 pm to wizard1183
y’all are getting worked up over nothing.
what are they gone do track down anonymous posters on Reddit for posting rocket gifs?
ignore this
what are they gone do track down anonymous posters on Reddit for posting rocket gifs?
ignore this
Posted on 2/12/21 at 7:57 pm to TheChosenOne
quote:
It’s a bit premature for that. This article is speculative clickbait that infers things about the investigation as if they’re fact.
That's the kind of mentality that leads to regret when it's too late, friend.
Talking that down is the kind of complicity for the slipperiest of slopes.
This post was edited on 2/12/21 at 8:00 pm
Posted on 2/12/21 at 8:04 pm to Auburn1968
They just better leave Ancient Tiger alone
Posted on 2/12/21 at 8:54 pm to Auburn1968
quote:
The question is prosecute who? How do you have 140% of GameStop shares shorted?
those 2 things are unrelated
if people were working together to buy shares to manipulate the price to induce others to join in, that can be interpreted as market manipulation
lots of people can be prosecuted under that theory
Posted on 2/12/21 at 8:56 pm to TheChosenOne
quote:
If the DOJ brings charges against average Joe trader, then there should be outrage.
i don't think people who just bought will be in trouble
it's what they posted publicly
posterA saying "hey TD, i think this is a good stock because x, y, z" is one thing
posterB saying, "hey if we all buy this stock, we can get the price to increase and then others will join in" is potentially illegal
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