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I don't see anything in the parent comment that would imply that they were "okay with market manipulation" and "if value isn't real there should be no rules".
by chillacy 6y ago
I don't see anything in the parent comment that would imply that they were "okay with market manipulation" and "if value isn't real there should be no rules".
- rank0 6y agoHe's saying there's no such thing as fundamental value, and as a result, collectively pumping a stock to induce a short squeeze is no different that spotting an undervalued company. Anyone with half a brain should be able to recognize that GME moving from a 900m market cap to a 30b market cap in a few weeks is completely nonsensical.
- chillacy 6y agoI mean, he literally just said that money is a construct, and maybe implied that fundamental value is too, which is sort of a reductive argument, but going from that to "market manipulation" and "there should be no real rules" is a strawman argument.