Current Events > crowd sourced market manipulation is as unethical as institutional market manipu

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g980 01/27/21 9:42:23 PM #52:	metallica846 posted... Yes absolutely! So in turn, a group of people online could target these shorted stocks because the value might be higher than what is shown after the hedge funds have manipulated the stock downwards. I know that GME is not worth $230 a share or whatever its at now but the rally started because it was turned into something easily accessible by others. gaining momentum because of a shared belief in the value of a company and manipulating the price to abuse someone's shorts aren't the same. this is textbook market manipulation. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:949998615] in crowd sour... [t:79263719]...</cite> <quote>metallica846 posted...</cite> <quote> Yes absolutely! So in turn, a group of people online could target these shorted stocks because the value might be higher than what is shown after the hedge funds have manipulated the stock downwards. I know that GME is not worth $230 a share or whatever its at now but the rally started because it was turned into something easily accessible by others. </quote> gaining momentum because of a shared belief in the value of a company and manipulating the price to abuse someone's shorts aren't the same. this is textbook market manipulation.</quote> ... Copied to Clipboard!
lightwarrior78 01/27/21 9:42:27 PM #53:	At a more rational time of my life I might have agreed with you. I have issues with the concept of short selling and it being almost antithetical to how stock ownership is supposed to work (why have any system that incentivizes wanting failing companies), but it was legal, and what we're seeing now isn't hitting a bad bet, it's concentrated attacking with intent to destroy. I'm no longer rational, and it has little to do with hating wall street. I hate the whole damned system. We don't have a free market anymore. Money is made more by gambling on business than in being in business, and we are just the horses, there to keep the game going while they rake it in on betting whether we win place or show. This system is why we've had bubbles that popped and cost many everything, and nearly destroyed things without huge bailouts. It needs to die and we can get back to basic business, not gambling as an economic pillar. --- I'm not saying that less toxic gaming journalists would lead to less toxic gamers. I'm just saying there's no proof to the contrary. <cite>lightwarrior78 posted [p:949998618] in crowd sour... [t:79263719]...</cite> <quote>At a more rational time of my life I might have agreed with you. I have issues with the concept of short selling and it being almost antithetical to how stock ownership is supposed to work (why have any system that incentivizes wanting failing companies), but it was legal, and what we're seeing now isn't hitting a bad bet, it's concentrated attacking with intent to destroy. I'm no longer rational, and it has little to do with hating wall street. I hate the whole damned system. We don't have a free market anymore. Money is made more by gambling on business than in being in business, and we are just the horses, there to keep the game going while they rake it in on betting whether we win place or show. This system is why we've had bubbles that popped and cost many everything, and nearly destroyed things without huge bailouts. It needs to die and we can get back to basic business, not gambling as an economic pillar. </quote> ... Copied to Clipboard!
g980 01/27/21 9:46:38 PM #54:	lightwarrior78 posted... At a more rational time of my life I might have agreed with you. I have issues with the concept of short selling and it being almost antithetical to how stock ownership is supposed to work (why have any system that incentivizes wanting failing companies), but it was legal, and what we're seeing now isn't hitting a bad bet, it's concentrated attacking with intent to destroy. I'm no longer rational, and it has little to do with hating wall street. I hate the whole damned system. We don't have a free market anymore. Money is made more by gambling on business than in being in business, and we are just the horses, there to keep the game going while they rake it in on betting whether we win place or show. This system is why we've had bubbles that popped and cost many everything, and nearly destroyed things without huge bailouts. It needs to die and we can get back to basic business, not gambling as an economic pillar. I think you are basing your opinion more on media representation of investment professionals than the reality. running countless analyses of risk, performance attribution, fundamentals, and regulatory compliance doesn't make for a good movie but that is most of what they do. it's boring and it's all about gambling as little as possible (depending on your fund) --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:949998767] in crowd sour... [t:79263719]...</cite> <quote>lightwarrior78 posted...</cite> <quote>At a more rational time of my life I might have agreed with you. I have issues with the concept of short selling and it being almost antithetical to how stock ownership is supposed to work (why have any system that incentivizes wanting failing companies), but it was legal, and what we're seeing now isn't hitting a bad bet, it's concentrated attacking with intent to destroy. I'm no longer rational, and it has little to do with hating wall street. I hate the whole damned system. We don't have a free market anymore. Money is made more by gambling on business than in being in business, and we are just the horses, there to keep the game going while they rake it in on betting whether we win place or show. This system is why we've had bubbles that popped and cost many everything, and nearly destroyed things without huge bailouts. It needs to die and we can get back to basic business, not gambling as an economic pillar. </quote> I think you are basing your opinion more on media representation of investment professionals than the reality. running countless analyses of risk, performance attribution, fundamentals, and regulatory compliance doesn't make for a good movie but that is most of what they do. it's boring and it's all about gambling as little as possible (depending on your fund)</quote> ... Copied to Clipboard!
Dreepapult 01/27/21 9:58:48 PM #55:	Oh get fucked These guys got caught with their cocks in the cookie jar. Now they're mad Moral? Don't fuck the cookie jar. Not complicated They deserve it. 100%. Shorting 140% shouldn't even probably be legal. So if they get assfucked by the market as punishment? Fucking good. Not bad as you seem to think. Goooooooooooood. --- Entropy happens <cite>Dreepapult posted [p:949999218] in crowd sour... [t:79263719]...</cite> <quote>Oh get fucked These guys got caught with their cocks in the cookie jar. Now they're mad Moral? Don't fuck the cookie jar. Not complicated They deserve it. 100%. Shorting 140% shouldn't even probably be legal. So if they get assfucked by the market as punishment? Fucking good. Not bad as you seem to think. Goooooooooooood. </quote> ... Copied to Clipboard!
lightwarrior78 01/27/21 10:01:22 PM #56:	g980 posted... I think you are basing your opinion more on media representation of investment professionals than the reality. running countless analyses of risk, performance attribution, fundamentals, and regulatory compliance doesn't make for a good movie but that is most of what they do. it's boring and it's all about gambling as little as possible (depending on your fund) You miss my issue. It's that I don't think anyone, no matter how reasoned they go about it, should make more money just owing a stock in a successful company and selling later than people working for that company. It's not based on anything but seeing 30+ years of companies incentivizing improving stock prices no matter the long therm health of their companies, and then ignoring the other economic impacts. --- I'm not saying that less toxic gaming journalists would lead to less toxic gamers. I'm just saying there's no proof to the contrary. <cite>lightwarrior78 posted [p:949999313] in crowd sour... [t:79263719]...</cite> <quote>g980 posted... </cite> <quote>I think you are basing your opinion more on media representation of investment professionals than the reality. running countless analyses of risk, performance attribution, fundamentals, and regulatory compliance doesn't make for a good movie but that is most of what they do. it's boring and it's all about gambling as little as possible (depending on your fund)</quote>You miss my issue. It's that I don't think anyone, no matter how reasoned they go about it, should make more money just owing a stock in a successful company and selling later than people working for that company. It's not based on anything but seeing 30+ years of companies incentivizing improving stock prices no matter the long therm health of their companies, and then ignoring the other economic impacts. </quote> ... Copied to Clipboard!
g980 01/27/21 10:08:50 PM #57:	lightwarrior78 posted... You miss my issue. It's that I don't think anyone, no matter how reasoned they go about it, should make more money just owing a stock in a successful company and selling later than people working for that company. It's not based on anything but seeing 30+ years of companies incentivizing improving stock prices no matter the long therm health of their companies, and then ignoring the other economic impacts. that's not really a function of 'gambling' though but ok. everyone values economic freedoms differently --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:949999573] in crowd sour... [t:79263719]...</cite> <quote>lightwarrior78 posted...</cite> <quote> You miss my issue. It's that I don't think anyone, no matter how reasoned they go about it, should make more money just owing a stock in a successful company and selling later than people working for that company. It's not based on anything but seeing 30+ years of companies incentivizing improving stock prices no matter the long therm health of their companies, and then ignoring the other economic impacts. </quote> that's not really a function of 'gambling' though but ok. everyone values economic freedoms differently</quote> ... Copied to Clipboard!
g980 01/27/21 10:09:45 PM #58:	really the crux of the topic is "the law/ethics should apply to everyone regardless of their socioeconomic power" and it's baffling how many take issue with that --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:949999606] in crowd sour... [t:79263719]...</cite> <quote>really the crux of the topic is "the law/ethics should apply to everyone regardless of their socioeconomic power" and it's baffling how many take issue with that</quote> ... Copied to Clipboard!
BilalPowell 01/27/21 10:16:29 PM #59:	Don't look at me I buy and hold. Til my options get bought out. --- Former #1 Birmingham Iron Fan. RIP AAF <cite>BilalPowell posted [p:949999868] in crowd sour... [t:79263719]...</cite> <quote>Don't look at me I buy and hold. Til my options get bought out. </quote> ... Copied to Clipboard!
Dreepapult 01/27/21 10:19:04 PM #60:	g980 posted... really the crux of the topic is "the law/ethics should apply to everyone regardless of their socioeconomic power" and it's baffling how many take issue with that You're not wrong But, and it's a big fucking but The law basically doesn't apply to you if you are a big rich hedge fund asshole. It applies to normal people only --- Entropy happens <cite>Dreepapult posted [p:949999956] in crowd sour... [t:79263719]...</cite> <quote>g980 posted... </cite> <quote>really the crux of the topic is "the law/ethics should apply to everyone regardless of their socioeconomic power" and it's baffling how many take issue with that</quote>You're not wrong But, and it's a big fucking but The law basically doesn't apply to you if you are a big rich hedge fund asshole. It applies to normal people only </quote> ... Copied to Clipboard!
DarkProto05 01/28/21 4:26:33 AM #61:	g980 posted... Eh agree to disagree, i think an act is unethical regardless of how much you dislike the victim but thats more a matter of opinion i guess I didn't say it was ethical. I said institutions have no right to complain after doing this shit for over 100 years. You and I thinking it's right or wrong is besides the point. You say its wrong and I don't completely disagree with you, but putting that aside institutions need to stop bitching. --- Alpha Sapphire FC: 2552 5569 3267 <cite>DarkProto05 posted [p:950007023] in crowd sour... [t:79263719]...</cite> <quote>g980 posted... </cite> <quote>Eh agree to disagree, i think an act is unethical regardless of how much you dislike the victim but thats more a matter of opinion i guess</quote>I didn't say it was ethical. I said institutions have no right to complain after doing this shit for over 100 years. You and I thinking it's right or wrong is besides the point. You say its wrong and I don't completely disagree with you, but putting that aside institutions need to stop bitching. </quote> ... Copied to Clipboard!
apolloooo 01/28/21 4:31:46 AM #62:	lzual posted... Free market capitalism is only good if the big boys make money! this. fuck wall street. go r/wallstreetsbets --- http://i.imgtc.com/iJyp6bF.png http://i.imgtc.com/ZBw36Qh.png Thanks for the peeps that made the pics <3 if i make typos it means i am on phone <cite>apolloooo posted [p:950007073] in crowd sour... [t:79263719]...</cite> <quote>lzual posted... </cite> <quote>Free market capitalism is only good if the big boys make money!</quote>this. fuck wall street. go r/wallstreetsbets </quote> ... Copied to Clipboard!
Solid Snake07 01/28/21 4:48:45 AM #63:	Short sellers crying about market manipulation is irony at it's best. Citron shorted a stock I owned like 3 years ago for reasons I disagreed with. It immediately tumbled and continued to fall for the next two years. I didn't cry about market manipulation, I bought more and am sitting very pretty on the position. I really don't have any sympathy for short sellers. They're participating in extremely risky behaviour and alot of them multiply that exponentially by shorting on margin. And it's back fired here, they can eat a dick for all I care. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:950007255] in crowd sour... [t:79263719]...</cite> <quote>Short sellers crying about market manipulation is irony at it's best. Citron shorted a stock I owned like 3 years ago for reasons I disagreed with. It immediately tumbled and continued to fall for the next two years. I didn't cry about market manipulation, I bought more and am sitting very pretty on the position. I really don't have any sympathy for short sellers. They're participating in extremely risky behaviour and alot of them multiply that exponentially by shorting on margin. And it's back fired here, they can eat a dick for all I care. </quote> ... Copied to Clipboard!
CM_Ponch 01/28/21 5:03:20 AM #64:	--- SW-8316-3213-4720 <cite>CM_Ponch posted [p:950007389] in crowd sour... [t:79263719]...</cite> <quote> </quote> ... Copied to Clipboard!
g980 01/28/21 11:06:35 AM #65:	g980 posted... How did they cause GME to go bankrupt? @NinjaWarrior455 @NinjaWarrior455 --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:950014056] in crowd sour... [t:79263719]...</cite> <quote>g980 posted...</cite> <quote> How did they cause GME to go bankrupt? @NinjaWarrior455</quote> @NinjaWarrior455</quote> ... Copied to Clipboard!
g980 01/28/21 5:06:55 PM #66:	g980 posted... @NinjaWarrior455 --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:950026902] in crowd sour... [t:79263719]...</cite> <quote>g980 posted...</cite> <quote> @NinjaWarrior455</quote></quote> ... Copied to Clipboard!
ThePieReborn 01/28/21 5:09:49 PM #67:	Dreepapult posted... Moral? Don't fuck the cookie jar. Not complicated Instructions unclear; dick stuck in cookie jar. --- Party leader, passive-aggressive doormat, pasta eater extraordinaire! <cite>ThePieReborn posted [p:950027001] in crowd sour... [t:79263719]...</cite> <quote>Dreepapult posted... </cite> <quote>Moral? Don't fuck the cookie jar. Not complicated</quote>Instructions unclear; dick stuck in cookie jar. </quote> ... Copied to Clipboard!
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Current Events > crowd sourced market manipulation is as unethical as institutional market manipu (+) Yeah! (+)

Current Events > crowd sourced market manipulation is as unethical as institutional market manipu