4 ms·

Pretty sure what the WSB traders were doing could qualify for market manipulation and various securities frauds in broad daylight. I honestly hope not, and tha

• dbancajas 6y ago
  > g to insulate these people from losing their money will actively make people lose money. The dip to the low $130 was directly caused by the actions they're taking. > But on the flipside, imagine w Due diligence and disclosing your position is not "market manipulation". Mainstream media wants it to look like that. Even the DFV, who spearheaded the GME position got a lot of flack early on.
• doggosphere 6y ago
  There's something different about "organizing" raids in the public eye though. There's no actual group consensus, no agreements, no negotiation, none of the processes that are required to actually "cooperate". What happens is a a leader throws a bet at the wall and says "FOLLOW ME!". But no one is compelled or committed to any kind of action. This is the same thing as any analyst or short seller publishing their thesis and disclosing that they have a position. Its protected as freedom of speech. Now, if the discord group or elsewhere have private circles about which stocks to raid and when, that is obviously a different matter. But I don't think that is the phenomenon that is occurring. This is a broader social movement.
• realusername 6y ago
  That's the same as any market analysis you can read on any blog or mainstream media though. Somebody will just say "buy that stock" and people might agree with the analysis or not. If you think what they have done is market manipulation, so is every other financial newspaper out there.