LogFAQs > #950036142

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Jon Stewart SHOOTS HARD on Wall Street
ghettoraider81 01/28/21 9:42:12 PM #24:	DarkRoast posted... Look, I get it, short selling seems sketchy as hell. It always has. But it's also vital to how the modern stock market works. It's usually not anywhere near as risky as it currently seems - GameStop is basically on life support as a company, with the board of directors already discussing asset division. Ironically, the entire point of shorting GameStop's stock up until a few days ago was to DECREASE the risk in your portfolio. Because normally people don't invest like Redditors are currently doing. Point is nothing wrong is being done. The short sellers saw an opportunity to make money based on GameStop being unstable. Other people saw that, and saw an opportunity to to make money based on the short sellers taking that risk. To say it hurts the integrity of the market is disingenuous when the rules allow sales of something the seller doesnt own. --- Win, lose, or tie Oakland Raiders til I die! WHY'S THE RUM GONE! S.M.O.K.E my anti sXe <cite>ghettoraider81 posted [p:950036142] in Jon Stewar... [t:79265468]...</cite> <quote>DarkRoast posted... </cite> <quote>Look, I get it, short selling seems sketchy as hell. It always has. But it's also vital to how the modern stock market works. It's usually not anywhere near as risky as it currently seems - GameStop is basically on life support as a company, with the board of directors already discussing asset division. Ironically, the entire point of shorting GameStop's stock up until a few days ago was to DECREASE the risk in your portfolio. Because normally people don't invest like Redditors are currently doing.</quote> Point is nothing wrong is being done. The short sellers saw an opportunity to make money based on GameStop being unstable. Other people saw that, and saw an opportunity to to make money based on the short sellers taking that risk. To say it hurts the integrity of the market is disingenuous when the rules allow sales of something the seller doesnt own. --- Win, lose, or tie Oakland Raiders til I die! WHY'S THE RUM GONE! S.M.O.K.E my anti sXe</quote> ... Copied to Clipboard!
Topic List	Page List: 1