61–70 of 88 posts
Earlier quoted context omitted.
These clowns shorted 170% of float. If that's not pure gambling teetering on market manipulation, I don't know what is.
It's mostly just one hedge fund. It would be an overgeneralization to call all hedge fund clowns...
Earlier quoted context omitted.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
> everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted I can’t really understand how the exchange is saying “no, you’re not allowed to buy, but you can sell all you want” is legal.
Earlier quoted context omitted.
I get this knee jerk reaction but there is something to be said about the risk analysis, sophistication, etc of said hedge funds. They’re not gambling in the same sense, but sure in some sense they are. Even having an entry level “risk model” is more sophistication than most home traders. You can’t just dismiss all that as nothing.
These clowns shorted 170% of float. If that's not pure gambling teetering on market manipulation, I don't know what is.
Earlier quoted context omitted.
I get this knee jerk reaction but there is something to be said about the risk analysis, sophistication, etc of said hedge funds. They’re not gambling in the same sense, but sure in some sense they are. Even having an entry level “risk model” is more sophistication than most home traders. You can’t just dismiss all that as nothing.
Yet somehow they've been outwitted by a bunch of Redittors. Maybe you're giving them to much credit.
Earlier quoted context omitted.
> everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted I can’t really understand how the exchange is saying “no, you’re not allowed to buy, but you can sell all you want” is legal.
First of all, the exchanges could never impose that rule, because in order to sell you need to have someone buying. It is discount brokerages imposing the rule, and they are doing so because they saw what looked like market manipulation and are not interested in helping with that sort of thing. They could have stopped trading entirely, but that would have been worse for their customers, who would have watched their p…
If Wall Street wants to address this, they could put limits on the number of shares that can be shorted.
https://arstechnica.com/gaming/2021/01/the-complete-morons-g...
Earlier quoted context omitted.
Similar to calling all retail investors amateurs.
I didn't but a large portion of retail investors are likely amateurs.
Earlier quoted context omitted.
First of all, the exchanges could never impose that rule, because in order to sell you need to have someone buying. It is discount brokerages imposing the rule, and they are doing so because they saw what looked like market manipulation and are not interested in helping with that sort of thing. They could have stopped trading entirely, but that would have been worse for their customers, who would have watched their p…
Robinhood is currently operating under Restricting the GME stock. The only option is to sell, there are no 'buy options'
> "This isn't investing, this is gambling" Yep. Agreed. Spot-on. That's what Wall St does. If you don't like it, try and stop it. But for everyone, including the hedge funds. Treating the derivatives markets like a casino (and taxing appropriately) sounds like a great idea.
I get this knee jerk reaction but there is something to be said about the risk analysis, sophistication, etc of said hedge funds. They’re not gambling in the same sense, but sure in some sense they are. Even having an entry level “risk model” is more sophistication than most home traders. You can’t just dismiss all that as nothing.