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Started By
Message
re: 4Chan breaks the "Gamestop Crisis" down for you, as only they can
Posted on 1/28/21 at 9:14 am to HubbaBubba
Posted on 1/28/21 at 9:14 am to HubbaBubba
quote:
Timing is everything.
Indeed. Given my risk adverse nature, I just sold. Invested $289 and sold at $346.79.
1 share, lol...
IF Game Stop goes bankrupt in the end, the shorts will win, but the original hedge funds that shorted aren't the same ones shorting now. My brokerage platform doesn't allow shorting, or I'd go short, too.
Would be funny if a hedge fund was forced bankrupt by a Reddit forum.
1
Posted on 1/28/21 at 9:15 am to BiteMe2020
They aren’t bankrupt only because other funds bailed them out.
In effect, they are now the personal property of the funds that paid their debts.
In effect, they are now the personal property of the funds that paid their debts.
Posted on 1/28/21 at 9:18 am to teke184
quote:
They aren’t bankrupt only because other funds bailed them out.
In effect, they are now the personal property of the funds that paid their debts.
And the calculus there is the size of the shorting hedge funds relative to their other outstanding investments.
I don't have that information.
Posted on 1/28/21 at 9:20 am to BiteMe2020
quote:
This isn't a pump and dump.
Pump and dump also seems to need a component of misleading information.
15 U.S. Code § 78i - Manipulation of security prices
quote:
(a)Transactions relating to purchase or sale of security
It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange—
(2)To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
78i(a)(1) requires fraud 78i(a)(2) doesn't require fraud
Posted on 1/28/21 at 9:24 am to SlowFlowPro
quote:
78i(a)(1) requires fraud 78i(a)(2) doesn't require fraud
That's so broadly defined as to include anyone that buys stock, lol.
Worthless.
What else have you got?
Posted on 1/28/21 at 9:24 am to SlowFlowPro
quote:
SlowFlowPro
you are literally a POS being mad rich people got beat at their own game. seriously. im sorry your arse got played, but suck it bitch. the plebs hate you, and those you love.
This post was edited on 1/28/21 at 9:25 am
Posted on 1/28/21 at 9:24 am to teke184
Correct. Melvin received between 3 and 6 billion of additional capital (dependent on who you believe) after all theirs was lost.
Posted on 1/28/21 at 9:29 am to BiteMe2020
quote:
That's so broadly defined as to include anyone that buys stock, lol.
not it isn't
quote:
Worthless.
does this board not remember mike flynn? even if you're innocent, defending 1 prosecution will bankrupt you
Posted on 1/28/21 at 9:30 am to russellvillehog
quote:
you are literally a POS being mad rich people got beat at their own game
um..no?
i've said that the system is bullshite
but it exists and has the power to put you in jail or sue you into oblivion
Posted on 1/28/21 at 9:32 am to SlowFlowPro
In a sick way, I want to see FBI/DOJ pick out a handful of the little guys and prosecute them to see the backlash.
Posted on 1/28/21 at 9:33 am to SlowFlowPro
quote:
does this board not remember mike flynn? even if you're innocent, defending 1 prosecution will bankrupt you
Still wrong with respect to pump and dump, lol.
Under that definition, if I make a stock purchase and email my friend, I could be guilty.
It's nonsense.
How many times has that particular branch of the law been actually prosecuted for small-time individuals?
Posting on a message board that you just bought and hope the stock goes up is not a pump and dump.
Sorry.
Posted on 1/28/21 at 9:33 am to SlowFlowPro
quote:
SlowFlowPro
So all short squeezes are illegal?
Posted on 1/28/21 at 9:33 am to Houag80
quote:
Correct. Melvin received between 3 and 6 billion of additional capital (dependent on who you believe) after all theirs was lost.
The Wall Street suits will return the favor, eventually.
Posted on 1/28/21 at 9:34 am to DesScorp
This whole situation just makes me smile inside.
Posted on 1/28/21 at 9:35 am to Wednesday
It’s schadenfreudelicious.
Posted on 1/28/21 at 9:35 am to JohnnyKilroy
quote:
So all short squeezes are illegal?
it's not the activity in an individual vacuum as much as the collaboration
like if you just bought GME, you're not going to be in any danger
if you were promoting this on reddit? i'd have a tight butthole
remember, they arrested a guy for posting MEMES yesterday, 4 years after posting it
Posted on 1/28/21 at 9:36 am to antibarner
quote:
They formed their own hedge fund and stuck it to the other hedge funds. The others got beat at their own game. Wah
Apparently, we have found the one person on here that is a hedge fund manager. 70 upvotes and 1 downvote, lol!!
Posted on 1/28/21 at 9:36 am to BiteMe2020
quote:
Under that definition, if I make a stock purchase and email my friend, I could be guilty.
no
that is not a correct reading of the statute
quote:
How many times has that particular branch of the law been actually prosecuted for small-time individuals?
how many times have individuals done this on a scale to become national news?
Posted on 1/28/21 at 9:37 am to SlowFlowPro
quote:
it's not the activity in an individual vacuum as much as the collaboration
78i(a)(2) does not require people to act in concert.
Are all short squeezes illegal?
Posted on 1/28/21 at 9:38 am to Bunk Moreland
quote:
In a sick way, I want to see FBI/DOJ pick out a handful of the little guys and prosecute them to see the backlash.
yeah i am enjoying the volatility from my anarchistic (the punk way, not libertarian way) soul
but that volatility is exactly why they're going to come down
it is interesting that this can be organized better and likely legally, which should scare institutional investors. our system and our laws are built around the premise that mass diffusion of information takes time, peasants won't ever get that information, and peasants are too stupid to understand any of this. now that none of that is true, how does Wall Street deal with it?
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