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what you are describing is not collusion or market manipulation. If it was, CNBC should be investigated for recommending stocks daily. random people post analy
by gmadsen 6y ago
what you are describing is not collusion or market manipulation. If it was, CNBC should be investigated for recommending stocks daily.
random people post analysis and others decide if they agree. Even if there were people saying to buy to cause a short squeeze, that is also perfectly fine. Institutions trade on momentum all the time, that is basically the entire HFT sector. If anything, the people on reddit are even less egregious that wall street because they are doing it in a public forum, where institutions do it in secrecy during three martini lunches or "idea dinners"