Explain this to me

[maxinger]

Those Reddit users probably feel that
they are highly gifted with trading ability.
They feel that they have this Midas touch.
They feel invincible and proud that
are able to slaughter the hedge fund managers.



soon those who rely on Robinhood and Reddit for trading tips will
find that trading is very difficult and
the way to earn $$$ is to do your own research and
work very hard to develop your holy grail.

 

[Scataphagos]

Those Reddit users probably feel that
they are highly gifted with trading ability.
They feel that they have this Midas touch.
They feel invincible and proud that
are able to slaughter the hedge fund managers.



soon those who rely on Robinhood and Reddit for trading tips will
find that trading is very difficult and
the way to earn $$$ is to do your own research and
work very hard to develop your holy grail.

We all know how easy it is to confuse brains with a bull market.... at least in the short run.

 

[Pricechange]

If enough people on an internet message board target a small cap stock, even if each buyer only throws $3000 or so into the stock, with enough people, it can manipulate the price of the stock (or crypto). But the idea that if enough buying happens in GME or other small cap stocks, it will trigger a short squeeze and hurt all of wall street is false. If someone spreads that information in an attempt to get others to buy, then that sounds a lot like an illegal pump and dump scheme.

lol...illegal pump and dump schemes is what wall street is built upon. There are no real laws on wall street unless you are a snitch.

 

[tsznecki]

If enough people on an internet message board target a small cap stock, even if each buyer only throws $3000 or so into the stock, with enough people, it can manipulate the price of the stock (or crypto). But the idea that if enough buying happens in GME or other small cap stocks, it will trigger a short squeeze and hurt all of wall street is false. If someone spreads that information in an attempt to get others to buy, then that sounds a lot like an illegal pump and dump scheme.

I think you mean push up the price.

I read GME in your post, now I'm going to buy GME. Should you be charged with market manipulation?

If you believe so, you are going to jail and you are retarded.

 

[cesfx]

Those Reddit users probably feel that
they are highly gifted with trading ability.
They feel that they have this Midas touch.
They feel invincible and proud that
are able to slaughter the hedge fund managers.



soon those who rely on Robinhood and Reddit for trading tips will
find that trading is very difficult and
the way to earn $$$ is to do your own research and
work very hard to develop your holy grail.

Maybe they feel like that, but they don't claim it. They actually claim to be "degenerate retards" ready to lose it all, and being "all in" with their life savings and spare change because "they like the stock", or stonk...

I was thinking their buying power could be higher than a couple of billions. Deepfuckingvalue (Reddit) or roaring kitty in youtube, started with 50k call buying otm at 50 cent.
Plus some other big boys... and some hedge fund already long the stock like Scion, BlackRock and a few more.

 

[vanzandt]

I got a RH account for shits and giggles. I was trading 5 contracts w/1k$ deposit. That's 500 shares w/o needing to trade a single stock prior on their platform.

So are you going to share with us which strike/exp was going for $2/contract or what?

 

[johnnyrock]

These idiots, all day long are going on about how "kids with their stimulus checks" are f'ing everything up in our "markets".

OMG.
Buuuulllll sh*t.

First off, odds are anyone that just jumps in this game with no experience... will lose every damn penny. In a few days.

And two.... when was the last stimulus check?

And three..... even if they were the one out of a million trading gods... have any of these talking head morons ever heard of the PDT rule?

What am I missing here?

Tell me why GME pegged $200(ish) with perfect parity?

Like I said earlier, the gods are sitting back and laughing at it all.

That would be our 'mortal' gods btw...
...just in case any of you found confusion in this prose.

Dave has a little more than a stimulus check.

https://twitter.com/x/status/1355215499769077770

This bull run is very close to an end. When redditors and sports gamblers think they know more than the pros who have made billions it's a recurring sign of the times.

They might win a battle, but not the war.

 

[vanzandt]

Dave has a little more than a stimulus check.

https://twitter.com/x/status/1355215499769077770

This bull run is very close to an end. When redditors and sports gamblers think they know more than the pros who have made billions it's a recurring sign of the times.

They might win a battle, but not the war.

Yep.You're right.

One time when I was a kid, and I'll never forget this... I had sunk a 10 foot putt for a big match win over a rival school. It was a great round and I was cocky.

Next day GVZ walks into the kitchen while I was bragging on the phone, she looks at me and says loud enough for all to hear, and I quote...

"Just because you sank one 10 foot putt young man, you are NOT Jack Nicklaus. Don't forget that".

Wise old bird she was.

 

[johnnyrock]

Yep.You're right.

One time when I was a kid, and I'll never forget this... I had sunk a 10 foot putt for a big match win over a rival school. It was a great round and I was cocky.

Next day GVZ walks into the kitchen while I was bragging on the phone, she looks at me and says loud enough for all to hear, and I quote...

"Just because you sank one 10 foot putt young man, you are NOT Jack Nicklaus. Don't forget that".

Wise old bird she was.

I remember thinking I was smarter than Warren Buffet because I made a few bucks trading Google options.

 

[ET180]

I think you mean push up the price.

I read GME in your post, now I'm going to buy GME. Should you be charged with market manipulation?

If you believe so, you are going to jail and you are retarded.

https://www.investopedia.com/terms/p/pumpanddump.asp

If someone can get you to buy a stock based on false or misleading information and if it can be proven in court that was why you made the purchase...then yes, that person could be charged with operating a pump and dump scheme. Nowhere in my post did I recommend buying GME.