I do believe I have a case of the vapors

_________________

They can call for "regulation" all they want on this but the only thing that would stop this, outside of short selling becoming too dangerous for hedge funds to do, is to ban people without 100k in their account from trading on the stock market.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Be ready for that legislation next week.

_________________

Or they could doxx a couple of Reddit guys and send the FBI to their houses to charge them with market manipulation and throw them in a SuperMax prison for twenty years. That oughta do it.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

The thing is, requiring a minimum balance wouldn’t work either. A lot of “pro” money has joined in on this, so even if they kept out the little guy, the tactic is now exposed.

_________________

all those karma points wasted...

Dr. Fauci is to blame. He made everyone nuts with the shutdowns. Lock him up!

I think the interesting question is whether it is market manipulation to buy a stock because you have figured out that a shortage of total shares is possible. If I understand correctly, that is the primary reason that this is happening. There comes a point, and no one really knows when that is, where there aren't enough shares for people to cover things they must buy.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

That would absolutely NOT be manipulation. The only legit argument for manipulation is whether one believes their order itself would affect the price of the stock. And that is shaky ground.

_________________

Those guys care about making a profit though. The big difference here is the YOLO investors that are treating this like a gofundme page to buy a share or two and they don't really care if it goes to $0. It's like putting a $100 bet on the winner of the Super Bowl. Most of the fun comes from the game. Winning is a bonus.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

You could play a 10-legged parlay on FanDuel, or you can buy a share or two of Game Stop or whatever else is in your price range. Either way, you get to watch.

_________________
"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

CNET has an article that says that this "can't last". So, you are telling me that Gamestop isn't going to double in value every day for the rest of time?

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I read that article and it does not explain the real reason this is all happening.

_________________

Buy buy buy

Market manipulation apparently only applies to personal investors and the little guy.

CNBC anchors seem to only want things to “get back to normal” as they whisper about manipulation.

_________________
Why are only 14 percent of black CPS 11th-graders proficient in English?

No, do not give me that crap. The Mets owner himself was forced out of the hedge fund business because of insider trading at this firm. He had to change to a family office, meaning managing only his own money.

The SEC takes many enforcement actions each year. Elon himself paid $40m to the SEC to settle charges against him for his Twitter comments.

Shorting a stock is not market manipulation. Melvin makes its required SEC disclosures, I posted one yesterday. If you think something is overvalued then buying puts or shorting is a perfectly rational thing to do. There is way more manipulation daily with the buy side crowd putting up insane price targets.

_________________
Hawaii (fuck) You

Normal = Rich people benefitting from low interest rates in the stock market

Almost 500 this morning. I might jump in just to recoup my losses.

It says on that forum that Robin Hood is shutting down any stock they mention and not allowing it to be traded. Now THAT's market manipulation.

I think his point was that this isn't market manipulation any more than what the hedge funds do.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

No offense, but bullshit.

Hedge funds are known to short stocks and then get their connections on Wall Street and in government to talk about how low the stock is going to go... and shockingly, the stock drops. How is that different from what WSB has done? One is common practice because of the people they know, the other is suddenly market manipulation because the big guys are losing cash.

I don't feel sorry for Melvin at all.

There are tons of inside trading practices that go unnoticed. You can buy an options scanner and see it for yourself.

We can't use "breaking rules" within the system as the baseline here because the system itself is rigged to allow wealthy investors to do whatever they want.

The stock market exists to allocate capital and raise capital for business who need it. How is shorting a stock beneficial to anyone within that system other than just a sheer gamble that it will happen?

Should I short some GME here? I could make mad money!

The Happy Gilmores are coming out and the Shooter McGavins are pissed.

_________________

Dogecoin seems to be another thing that will shoot up.

people in the wsb reddit group showing screenshots of robinhood and other trading platforms that arent allowing new buys of GME

Another great side effect of this has putting it out on the open who many of these financial services for "the people" actually serve.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

How does Robinhood make money if they don't charge commission?

If you guys ever think this place gets crazy, there was a legendary Yahoo Finance poster named Bob Monski. There were also dozens of mults purporting to be him. He got caught spoofing by the SEC.

https://www.sec.gov/litigation/litreleases/lr16986.htm

So some poster creates a URL called Ihatebobmonski.com. On that website it has his head pasted onto all sorts of naked bodies. It showed him coming out of his trailer in Alabama. It had letters from an ex-girlfriend and even a copy of a termination letter from his employer. The most common mult had a profile page that showed Monski selling fleshlights on Ebay. Oh those were the days of chaos on message boards.

_________________
Hawaii (fuck) You

Robin Hood is about to get Fox News'd.