Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Soldato
Ok if that's as presented - truly outrageous. They've just decided to sell your shares for you at a price they're happy with, using your money?!
This is surely a case of them weighing up the cost of losing billions of dollars more Vs the cost of someone potentially getting convicted and fined and some possible legal action - both of which will cost 10% of what they would have lost
You are making an irrelevant point to split hairs.
And I'm sure WSB would argue with the dictionary definition of manipulation
"the action of manipulating someone in a clever or unscrupulous way."
Literally they are tweeting that their autism will outlast Melvin's ability to pay
Soldato
You are making an irrelevant point to split hairs.
And I'm sure WSB would argue with the dictionary definition of manipulation
"the action of manipulating someone in a clever or unscrupulous way."
Literally they are tweeting that their autism will outlast Melvin's ability to pay
Haha ok fair enough, the original idea is clever. But yea, its disorganised to some extent.
Probably a good thing.
The last time reddit "organised" something, a chap wound up committing suicide because he was accused of being the Boston bomber
Almost, he had committed suicide months beforehand.
I'm hoping they could shift some shares they own to help get some cash and keep the business viable. Followed by people actually supporting the business itself.
That would be a good outcome IMO.
EDIT: I really don't like AOC at all but that tweet is amazing, I like where this is going.
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,453
For sure both sides are trying to manipulate and that's a risk that comes with a free and open market but apparantly common people aren't allowed to do this as evidenced by everyone who doesn't have a personal broker being effectively banned from buying these shares
No hedge funds just have 1 account worth billions, mates rates on the markets and supercomputers running algorithims to game the market, not to mention paying the retail exchanges for user trade data to use against them, they already play the game with loaded dice vs normal people
Associate
Well let’s hope it has a stellar after hours. Somehow I doubt it now.
Soldato
After hours is looking pretty good to be honest, better than what I was expecting!
Soldato
They aren't buying these shares though, its options with x100 leverage. There is an argument to make they should not be allowed these type of derivatives, because you know who is on the hook if a redditor loses 10m, not the redditor . You go far enough down the line and that money will come from banks and peoples savings.
Nothing is stopping 50 people from Reddit creating a hedge fund though.
What's the saying? I owe you £1,000 it is a big problem for me. I owe you £1,000,000 it is a big problem for you.
Soldato
What's the saying? I owe you £1,000 it is a big problem for me. I owe you £1,000,000 it is a big problem for you.
Yea, thats pretty much it. The WSB crowd won't be on the hook if they lose
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,453
But they are, to cover the options that expire tomorrow, not all of them but obviously they are being bought behind closed doors
Even without retail manipulating the price looking at the volatility there's been a good war going on between the wallstreet club members
The exchanges basically said today, you can either hold or you can sell to wallstreet, **** you if you want to buy though, it's only wallstreet who are allowed to move the market upwards when it benefits them
so are you for 27k a year https://qz.com/84961/this-is-how-much-a-bloomberg-terminal-costs/
a lot of WSB people post pictures of the bloomberg terminal so a lot of them are very wealthy
Soldato
You do realise Hedge funds dont have x100 leverage though right?
If this GME was allowed to run, millions of r/wallstreetbet folk with option calls with x100 leverage and no recourse for loss reminds me of this..
the final minute in this scene
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Awesome, so I could pay 27k to lose money on the stock market all day long.
Soldato
Associate
He's still in when he's still got $33m and a massive profit isn't really comparable to the rest of us, though!