?? All 3 market indexs have been down because of this. Dow nasdaq and s&p. If your 401k isnt effected by any of the 3 your not in the market

In the short term, what the Reddit guys did to the market is funny, and cost a lot of rich hedge fund managers and their clients billions. But the SEC will need to make changes to avoid these astronomical unwarranted swings in the future. It's essentially "pump and dump" using social media which is illegal and unethical. For everyone that makes a killing, someone else will get burned. We can't have a bunch of millennials sitting in chat rooms causing false runs (or sales) on a stock they want to profit from. In the long run this really will end up impacting peoples 401Ks and IRA's. The ripple effect is already being seen in the global markets as groups in asia and europe are copying the same "short targeting" strategies as fast as they can before the local authorities shut it down. Just my .02 cents folks.

And again - you are completely MISSING the point - these "chat room millennials" are NOT out to pump and dump and make a profit. The talking heads are telling you that to protect big money. If you actually take 10 seconds to go read what they're saying you will see that.

Nope. Not missing the point at all. The net game is a classic pump and dump where the late investors are going to get torched. They justify it by saying only hedge fund managers are getting burned. But that will not be the case. They are just among the folks that will get burned before it's over. If Jordon Belfort (Wolf of Wallstreet) calls it a pump and dump, will you take his word for it? He made the strategy famous, and did prison time for it to boot.

https://www.independent.co.uk/arts-...p-wolf-wall-street-belfort-b1794344.html

do you really think he can just do an ACH transfer of 22 million from his brokerage account to his checking account? Get real.

The stock market is built on fake money and lies.

This lady does a good job of explaining stocks and hedge funds. Dont forget to unmute.

https://twitter.com/avalonpenrose/status/1354496683938201600

?? All 3 market indexs have been down because of this. Dow nasdaq and s&p. If your 401k isnt effected by any of the 3 your not in the market

I dont understand the support fir the little guy against wall street while your own 401ks are nose diving

This lady does a good job of explaining stocks and hedge funds. Dont forget to unmute.

https://twitter.com/avalonpenrose/status/1354496683938201600

Of course he can unless it's frozen by the law.

Lmao wth was that?

Down another 2% today and not letting up. Still along way from being over Suprised most of you are ok with it

Yeah you definitely don't get it.

You have literally millions of people willing to burn a couple hundred bucks to take down hedge funds. Sure - some people will panic and sell (I guess in your eyes a pump and dump) - but the vast majority of these people that have decided "they like the stock" on these message boards and are all in until the end - again - you're listening to talking heads on TV and big money players who are getting slaughtered (or will) - not to what the PEOPLE behind the rise in GME are ACTUALLY saying. They KNOW they will lose money. It is NOT about making or losing money. It is about a message - their own words. I have no skin in this game.

Nope. Not missing the point at all. The net game is a classic pump and dump where the late investors are going to get torched. They justify it by saying only hedge fund managers are getting burned. But that will not be the case. They are just among the folks that will get burned before it's over. If Jordon Belfort (Wolf of Wallstreet) calls it a pump and dump, will you take his word for it? He made the strategy famous, and did prison time for it to boot.

https://www.independent.co.uk/arts-...p-wolf-wall-street-belfort-b1794344.html

Nah the only way he'll see a dime of that money is if he sues his broker,I assume Robinhood in this case. A judge will probably side with his broker and award the guy a paltry consolation prize amount for playing.

I disagree, it's same things instructional investors have done for year's to each other. The biggest difference is Reddit guys didn't release any bad press etc to do any thing to cause a short of the stock. They simply noticed there was an abnormallly large % of short positions compared to shares.

No different the montleyfool or any other firm advising a stock is oversold or a bargain.

[
That is an incredibly stupid position to take. "I don't care if I lose it all, as long as I make a point." Retarded. Read the reddit threads. These people are investing money they don't have. The ones that got in this early are all out, I guarantee you. In the end, the stock crashes, the hedge funds that have been covering up the whole way still make their money and the last individuals that got in get slaughtered. Just my opinion of course.

Completely agree. Trading houses are market movers for the retail market. In other words, BoA/ML puts out a buy recommendation for Company X, but BoA/ML already purchased that before they put out the buy rec. Retail investors then go off that market news and may or may not purchase. Guaranteed BoA/ML sells Company X before downgrading.

What's the difference with the reddit issue? It's the exact same thing.

Completely agree. Trading houses are market movers for the retail market. In other words, BoA/ML puts out a buy recommendation for Company X, but BoA/ML already purchased that before they put out the buy rec. Retail investors then go off that market news and may or may not purchase. Guaranteed BoA/ML sells Company X before downgrading.

What's the difference with the reddit issue? It's the exact same thing.