Market Manipulation?

Scataphagos said:
That's not illegal. If were to become so, the rules would have to change.
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right. counter-trend trading is not illegal.

I did that years ago because I was a newbie trader.
It was damn stupid, damn foolish, damn idiotic.
I am glad I hardly do counter-trend trading.
 
ballsofgold said:
i think in this instance, the SEC are going after no one, too many individuals involved.
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That may be true... "too many to prosecute". But we may end up with the notion of shorting being too risky/dangerous and players stop doing it.... or the rules may change prohibiting shorts. (Countries have sometimes enacted the practice of prohibiting shorting while their markets were crashing... could be made a permanent rule, you know.) All of that would be fine, though it would change the investing landscape... but that doesn't justify what's going on now.
 
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deaddog said:
How do you enforce against anonymous internet posters?
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The "problem" begins with WSB, don't you think?

We all know, "pump-n-dump" is illegal. Previously that was attempted "under the radar" by word of mouth and email solicitation... hoping not to get caught. But THIS... directing players to a web site where they tell everybody... "we're gonna attack this stock/etf... everybody buy all you can so we can force the shorts to be squeezed into buying back their positions at sky-high prices while we all make a bundle". Sorry. That's illegal manipulation in my book, regardless of how easy the little guy can make a buck.

Years ago I was a Securities Principal... and while I may be wrong, this seems to me to be blatant market manipulation and is illegal. Somebody's ass should end up in a sling over this.
 
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were you short GME?

as said above, once a few guys realize brokers will just halt the stocks for trading, it will deter people from hunting for hedge funds. I don't expect any policy to come as a result.

SAC capital is a pu$$y for crying to the regulators
 
ballsofgold said:
were you short GME?

as said above, once a few guys realize brokers will just halt the stocks for trading, it will deter people from hunting for hedge funds. I don't expect any policy to come as a result.

SAC capital is a pu$$y for crying to the regulators
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Me short GME? How in the world would you get the notion that I would be so stupid? However had I been, I would have bought calls to offset my risk, "just in case". (My momma didn't raise no fool.)

When I was in securities school, it was drummed into all our heads, "shorting is dangerous". Of course those dangers can be mitigated... but as this time shows, many short players "don't bother".
 
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You want to talk about market manipulation how about prohibiting retails from buying a stock because its going up? Forcing prices down so their billionaire friends can cover their horrible positions at lower prices?

Literally tying the retail's hands behind their back in the middle of the biggest boxing match in history.
 
shit!!!!
I was trying to get my system setup and
I was too slow to short GME.

It went down from ~450 to ~150, ie 3X down in just a few minutes!!!

anyway congratulations to those who shorted it at the right time and
profited massively from it.
You have reached financial freedom in just a few minutes.
CONGRATULATIONS again to your chart reading ability.


And no pity, no sympathy to the hedge fund managers who
failed to read the chart correctly and did counter
trend trading and suffered a massive loss.

Also no pity, no sympathy to those Reggit users who failed
to spend lots of time developing trading skills.
 
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