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What is the difference between your argument and a saying "the big boys know how to benefit from the corruption inherent in the system and the regulators would
by SuoDuanDao 6y ago
What is the difference between your argument and a saying "the big boys know how to benefit from the corruption inherent in the system and the regulators would rather persecute a bunch of powerless people than confront the corruption in their own industry"?
- short_sells_poo 6y agoThis is not about knowing how to benefit from corruption. This is like basic common sense. I'm not engaging in whataboutism or trying to excuse bad behavior. Market abuse, including market manipulation should be punished irrespective of who is doing it. I was pointing out the fact that if you go and do it and then brag about it in a public forum, don't be surprised that you get dinged. It's literally like robbing a bank and then going to the police to hand in the video evidence, only to be surprised when the policemen are not impressed. Yes the big guys should be prosecuted. But perhaps if you didn't explicitly stand on the corner shouting "I'm going to rob a bank and all you guys should also rob banks", the authorities wouldn't be on to you.
- SuoDuanDao 6y agoI really don't see how taking advantage of an excessively-shorted stock is market manipulation. I've been on the right side of two short squeezes last year purely by accident, and I'd certainly like to repeat the experience if I could. What exactly would be illegal if I was on the right side of a short squeeze on purpose? Predicting it? holding stocks until it happened? Explaining to people less experienced than myself how a short squeeze works? You say 'intent' but what intent is discussed on these message boards that is so nefarious people with better Lawyers don't discuss it openly?