- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Liberal logic: Gamestop edition
Posted on 1/27/21 at 4:40 pm
Posted on 1/27/21 at 4:40 pm
When 100 people spend $1m each to frick a stock's price for pure profit, it's free market capitalism.
When a million people invest $100 each to save a company they love, it's market manipulation.
frick the government.
When a million people invest $100 each to save a company they love, it's market manipulation.
frick the government.
This post was edited on 1/27/21 at 4:41 pm
Posted on 1/27/21 at 4:43 pm to BayBengal9
I think saving GameStop is overstating it. And calling them “loved” is a crock.
I think it was an easy rallying point but the simple reason is that these dumbasses over-shorted themselves so badly that any volume of trading would completely frick their position.
Some company no one has heard of? Probably not much interest. One on every other street corner in the US? Easier to visualize.
I think it was an easy rallying point but the simple reason is that these dumbasses over-shorted themselves so badly that any volume of trading would completely frick their position.
Some company no one has heard of? Probably not much interest. One on every other street corner in the US? Easier to visualize.
Posted on 1/27/21 at 4:45 pm to BayBengal9
the 100 people are campaign contributors, the million are just voters who do not matter.
Posted on 1/27/21 at 4:46 pm to BayBengal9
Wait till those autist Reddit babblers get another round of stimulus. They’ll bring the whole fricking system down.
Posted on 1/27/21 at 4:49 pm to cajunandy
The 100 people won’t be contributing much at this rate. It is being implied that a few of them have already been broken by the autists and have basically had to beg for assistance from other funds.
Posted on 1/27/21 at 4:51 pm to BayBengal9
quote:
When Pelosi and husband Pelosi on Dec. 22 buy 25 call options on the electric vehicle name, with a strike price of $500 and an expiration date of March 18, 2022, according to a government filing. The transaction's value is $500,001 to $1,000,000
it’s pure genius!
Posted on 1/27/21 at 4:52 pm to BayBengal9
there is a thread for this discussion, sir
Posted on 1/27/21 at 4:53 pm to BayBengal9
Lol at the fricking idiots calling the autists manipulators, massive shorting is the WORST form of market manipulation
This post was edited on 1/27/21 at 5:18 pm
Posted on 1/27/21 at 4:53 pm to BayBengal9
That's basically what George Soros did to the British pound, lol.
Posted on 1/27/21 at 4:54 pm to Strannix
How DARE people buy and hold stock! Those plebes aren’t supposed to own any stock!
Posted on 1/27/21 at 4:55 pm to Strannix
quote:
Lol at the fricking idiots calling the artists manipulators, massive shorting is the WORST form of market manipulation
Correct.
Posted on 1/27/21 at 5:18 pm to BayBengal9
quote:
When 100 people spend $1m each to frick a stock's price for pure profit, it's free market capitalism.
When a million people invest $100 each to save a company they love, it's market manipulation.
so now liberals are the free market capitalists and conservatives are the gamers?
youre so consumed with the left that you took whatever todays headline was and made up a entire fantasy world just to complain about them. get help.
This post was edited on 1/27/21 at 5:20 pm
Posted on 1/27/21 at 5:19 pm to BayBengal9
Pretty stupid. There’s nothing wrong with what Reddit did. They handed together and invested and like you said wanted to save a company
Posted on 1/27/21 at 5:20 pm to BayBengal9
average Joe's bought and held stock in a company they like and exposed billionaire hedge fund managers trying to bury a company alive through massive shorting and possibly naked shorting and they're the bad guys
These people
Hate to see it
These people
Hate to see it
Posted on 1/27/21 at 5:29 pm to Adesanya
quote:
so now liberals are the free market capitalists and conservatives are the gamers?
How stupid are you? Seriously, your IQ can't be triple digits, can it?
Who is talking about investigating reddit users for a perfectly legal activity? Who is defending massive, organized, and blatant attempts at stock price manipulation?
Which of the two would you define as being closer to free market capitalism?
This post was edited on 1/27/21 at 5:30 pm
Posted on 1/27/21 at 5:34 pm to teke184
quote:
Scott Galloway, a professor of marketing at the New York University Stern School of Business, said a number of factors fueled the “nitro meets glycerin” reaction that led to GameStop stock’s explosive rise.
“What we have is the perfect storm of stimulus money, a cohort of younger investors — or some people would call them gamblers — entering the market,” Galloway told ABC News. “And we also have these platforms that encourage sort of these weapons of mass trading in the form of margin [calls] or options that creates this explosive upward effect.”
“Also, you have the social media fixation of stock-picking where individuals, including Elon Musk, can put out a one-word tweet and send a stock rocketing up 50% in after hours,” he added. “It really is the perfect storm of volatility for equities.”
Cameron Bublick, 20, a student at New Jersey’s Rutgers University, told ABC News that every day after he wakes up, the “first thing I do is go on Robin Hood and check out the app.”
Bublick noted that Robin Hood gets rid of the traditional barriers to entry for people wanting to dabble in the stock market, saying it is “available, basically, to everyone with a smartphone.”
“It makes it accessible to a wide variety of people,” he said. “You don’t have to hit up a normal broker or anything like that to do it. You can do it all from your phone.”
Bublick is also an active reader of the r/wallstreetbets subreddit, saying that while a lot of it is satire or jokes, “I do think that subreddit has a lot of good advice on there once you can kind of sift out what people are just saying in general to kind of take out what’s actually worthwhile.”
Still, the student admitted that a lot of his trading ideas are “very impulsive,” and “a lot of what people do is basically gambling.”
He explained how the community was able to move markets by saying, “they’re pulling it up by posting about it” and that helps “increase the price based on the demand for the shares.”
“Do I think that GameStop is worth $220 a share? No, I do think that retail as a whole in-person is kind of dying out. I mean, I know personally near where I am, I’ve seen probably four or five GameStops shut their doors within the last year or so.”
Posted on 1/27/21 at 5:37 pm to teke184
quote:
The 100 people won’t be contributing much at this rate. It is being implied that a few of them have already been broken by the autists and have basically had to beg for assistance from other funds.
Well, there is no shortage of windows in tall buildings they can jump out of.
Posted on 1/27/21 at 5:55 pm to BayBengal9
quote:who do YOU think is doing that? theres a thread right here on the front page with AOC laughing about it. heres Elizabeth Warren...
Who is talking about investigating reddit users for a perfectly legal activity? Who is defending massive, organized, and blatant attempts at stock price manipulation?
"For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price."
"It's long past time for the SEC and other financial regulators to wake up and do their jobs – and with a new administration and Democrats running Congress, I intend to make sure they do."
This post was edited on 1/27/21 at 6:27 pm
Posted on 1/27/21 at 6:43 pm to Adesanya
quote:
who do YOU think is doing that?
Who do YOU think runs the SEC? A government bureaucracy... when 97% of people in the federal government vote for and donate to one political party (bonus points if you tell me which one)...
quote:
theres a thread right here on the front page with AOC laughing about it.
So you believe AOC represents mainstream Democrat establishment thinking?
quote:
heres Elizabeth Warren...
The lady who, as a private individual, wrote regulations for banks that was then pushed through the federal government... and then made millions as a consultant helping banks bypass and navigate the regulations she wrote...
Do you believe the VAST majority of "wall street bankers" donated to Biden or Trump? And how many are going to be "looked at" by "financial regulators?"
This post was edited on 1/27/21 at 6:44 pm
Posted on 1/27/21 at 6:49 pm to rb
Cant wait . It needs to be done .
Popular
Back to top
Follow TigerDroppings for LSU Football News