GameStop Is Rage Against the Financial Machine

Post by QuesnayJr » Wed, Jan 27, 2021, 9:34 PM UTC

boringg wrote: post #121

jaywalk wrote: post #110

Earlier quoted context omitted.

As if the guys at hedge funds shorting stocks to drive companies out of business have more "honest" jobs.

Seriously those guys claim they are holding companies accountable and the market efficient. They are just sleazy stock traders. Grinds my gears people try and defend them through efficient capital markets when you see the garbage reports they put out there to manipulate the market for their positions.

Post by qaq » Wed, Jan 27, 2021, 9:35 PM UTC

kart23 wrote: post #285

Can anyone tell me why SEC won't just step in, suspend trading, and force some kind of resolution? Its obvious that the market has been effectively broken by the short sellers. It might just make the redditors more angry and likely to hit other shorted stocks, and possibly cause markets to decline, but its the best applicable solution i see. https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tr...

Post by TuringNYC » Wed, Jan 27, 2021, 9:36 PM UTC

alfl wrote: post #107

AdmiralAsshat wrote: post #20

> These points doubtless make me appear to be a complacent shill for the financial industry, talking down to the rubes. For the record, I’m still angry about the way workers were ripped off in Britain more than three decades ago, and about the way the little guy ended up bearing the brunt for the financial implosions of 2000 and 2008. But it looks horribly to me as though the same thing is going to happen again — and…

If there is a reversion to mean it will slaughter the retail investors.

Post by sleepybrett » Wed, Jan 27, 2021, 9:36 PM UTC

52-6F-62 wrote: post #114

cwhiz wrote: post #68

I am loving every minute of this. The "professionals" gamble on the market all the time, front run, high frequency trade, and relentless tactics to get rich at the expense of the "retail" investors. Now they are upset that apps like Robinhood has provided unprecedented access to the markets. Their exclusive access to insane gambling nonsense is being torn down in real time. If Wall St can gamble and cause a global fi…

> Make no mistake, the market is already a mockery, what's happening now is that the public is finding out. Pretty sure that was about a century ago and resulted in the Great Depression. I don't think the solution to the crock that has been going on is to "do it back". Setting one or two hedge funds back a year or so, or even to close completely, isn't going to do anything resembling justice. It starts to look more a…

Post by pvarangot » Wed, Jan 27, 2021, 9:36 PM UTC

kart23 wrote: post #285

Can anyone tell me why SEC won't just step in, suspend trading, and force some kind of resolution? Its obvious that the market has been effectively broken by the short sellers. It might just make the redditors more angry and likely to hit other shorted stocks, and possibly cause markets to decline, but its the best applicable solution i see. https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tr...