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Started By
Message
re: CNBC is now Doxxing Redditors!
Posted on 1/29/21 at 3:13 pm to Seldom Seen
Posted on 1/29/21 at 3:13 pm to Seldom Seen
The old guard is really "concerned" about this. I've heard more convoluted claptrap for why this is illegal, or at least should be, from a half dozen outlets over the last couple of days. There is nothing illegal about pumping a stock on YouTube or anywhere else. Companies send their lackeys on to every major business cable outlet to do exactly that on a daily basis. Jim Cramer and others have entire programs that pump and bash stock buys. The guy is on an anonymous internet forum. He doesn't even know who is listening. No one on reddit or YouTube is paying him for financial services. The bottom line is that the old guard got caught with their pants down and they don't like it.
And this crap about the market not being a casino. That's exactly what it is for the vast majority of the old guard. They are just used to playing as the house. Rain Man showed up and took them to the cleaners. Now they don't want to allow him to play any longer.
And this crap about the market not being a casino. That's exactly what it is for the vast majority of the old guard. They are just used to playing as the house. Rain Man showed up and took them to the cleaners. Now they don't want to allow him to play any longer.
This post was edited on 1/29/21 at 3:53 pm
1
Posted on 1/29/21 at 3:20 pm to Seldom Seen
“Doxxing”
Posted on 1/29/21 at 3:24 pm to Jake88
quote:
Is it good or bad for the movement that he is a professional and not some guy in his basement?
Most aren't guy's in the basement. Many are young finance bros with bloomberg terminal access.
This post was edited on 1/29/21 at 3:25 pm
Posted on 1/29/21 at 3:24 pm to LSUBanker
quote:oh is that why? LOL
I guess that's why it now says... "recently worked for insurance giant MassMutual".
probably has nothing to do with him cashing out 13MM with an unrealized +40MM still to go
Posted on 1/29/21 at 3:26 pm to Seldom Seen
The new Wolf of Wall Street is a Roaring fricking Kitty. Yep, 2021!
Posted on 1/29/21 at 3:29 pm to Wildcat1996
I'm not saying anything illegal was done, but the SEC laws are vague enough that there could be charges. The guys who got in at the start had a financial interest in encouraging others to invest, and in urging late comers who were losing money to "hold the line."
Wouldn't surprise me at all to see them face charges if collusion, or even fraud. All depends on what was actually said online.
But those hedge funders who short sold stocks that didn't even exist, they should never be allowed to trade again.
Wouldn't surprise me at all to see them face charges if collusion, or even fraud. All depends on what was actually said online.
But those hedge funders who short sold stocks that didn't even exist, they should never be allowed to trade again.
Posted on 1/29/21 at 3:30 pm to Seldom Seen
Oh boy. CNBC poking the retard bear isn’t going to be good for anyone
Posted on 1/29/21 at 3:32 pm to LSUBanker
If he did it on his own, should not be a problem legally
Posted on 1/29/21 at 3:44 pm to Seldom Seen
CNBC is protecting their gig and covering for Wall Street brokerage houses.
Here’s what they have done for years and why CNBC was created. The brokerage firms like Lynch and others load up on stock and then once they have their positions CNBC begins to talk about the stock and what a solid company it is. They have the CEO on the show and then they have a few experts back him up and tell
What an awesome company he is running. The stock goes up and they sell you the stock they bought months earlier at a lower price. It has worked for decades and now they got fricked back and they want to take their kickball
And go home.
Here’s what they have done for years and why CNBC was created. The brokerage firms like Lynch and others load up on stock and then once they have their positions CNBC begins to talk about the stock and what a solid company it is. They have the CEO on the show and then they have a few experts back him up and tell
What an awesome company he is running. The stock goes up and they sell you the stock they bought months earlier at a lower price. It has worked for decades and now they got fricked back and they want to take their kickball
And go home.
Posted on 1/29/21 at 3:45 pm to LSUBanker
Considering he banked at least $15m in trades off this, I think he can afford to find a new job.
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