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TopicHow do you feel knowing that GameStop isn't going anywhere?
whitelytning
11/08/21 9:14:18 PM
#19:


DarkRoast posted...
The bottom line is that meme stock BS is dangerously close to insider trading and the first guy who manipulates the buying en masse to make individual profits at their expense will cause the whole scheme to collapse and in comes the flood of lawsuits.

Ahh. Idk. A bunch of people talking about, joking, and sharing public information about a stock is kind of the opposite of insider trading. Can an insider manipulate the hive? Sure. But that risk exists in a lot of other mediums and I dont really think the meme crowd is culpable.

I think the stock could go back to the 300 or 400s briefly but will never moon the way some people think it will. There is just no reason for the HFs to buy shares when they get that expensive. They are better off facing fines or not covering and closing shop.

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