5 ms·

It is class warfare though... Only the elites are allowed to win here. How else can you describe that other than class warfare?

LatteLazy 6y ago
Only if it's true. Right now it's some guy on twitter quoting his unnamed friend...
- socialist_coder 6y ago
  Halting buy orders on stocks that the Wall Street powerhouses are betting will go down seems like enough for me... Refueling your shorts is the icing on the cake.
  - LatteLazy 6y ago
    I agree about halting stock orders. That's dodgy as fuck. As for re-shorting, my issue is there is no evidence of that so far. The fact its "some guy on twitter's anon mate" makes me think it's total bs.
aneemzic 6y ago
The elites will be fine regardless, they understand what they're doing and will just exit positions with losses if the they determine the risk is too high. You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand. It won't be the elites holding the worthless stock when it inevitable crashes to 0.
- llampx 6y ago
  Your concern is not needed.
- svcrunch 6y ago
  > You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand. Well, then, I guess we taxpayers should bail them out, the same way we bailed out the banks in 2008. You might not like it, but at least it would be fair.
  - aneemzic 6y ago
    I'm not on the side of the banks. The problem is people think they're hurting hedge funds, but the reality is the ones who will end up hurt most are the people who can't afford to take the losses.
    - LaundroMat 6y ago
      Can the hedge funds afford to take the losses?
- nyolfen 6y ago
  everybody involved knows how this ends, save your paternalistic condescension
  - aneemzic 6y ago
    Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher? It's clear price manipulation and it's exposing people to substantial risk they don't understand.
    - nyolfen 6y ago
      > Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher? yes, that is the entire reason that this situation began and the reason that people are excited about it! basic market dynamics are not some occulted mystery that only licensed brokers are privy to. >The Redditors at r/WallStreetBets are now busting open the territory of finance. It doesn't take long for the average person to understand the language of finance if it is explained clearly... and professional investors are going to be pissed about it [...] So expect professional investors to hold the amateurs in contempt. Not because they are losing money. But because they have constructed an identity out of finance being exclusive & high status. They won't want to be associated with unwashed masses & will resist it

LatteLazy 6y ago

Only if it's true. Right now it's some guy on twitter quoting his unnamed friend...

socialist_coder 6y ago
Halting buy orders on stocks that the Wall Street powerhouses are betting will go down seems like enough for me... Refueling your shorts is the icing on the cake.
- LatteLazy 6y ago
  I agree about halting stock orders. That's dodgy as fuck. As for re-shorting, my issue is there is no evidence of that so far. The fact its "some guy on twitter's anon mate" makes me think it's total bs.

aneemzic 6y ago

The elites will be fine regardless, they understand what they're doing and will just exit positions with losses if the they determine the risk is too high. You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand. It won't be the elites holding the worthless stock when it inevitable crashes to 0.

llampx 6y ago
Your concern is not needed.
svcrunch 6y ago
> You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand. Well, then, I guess we taxpayers should bail them out, the same way we bailed out the banks in 2008. You might not like it, but at least it would be fair.
- aneemzic 6y ago
  I'm not on the side of the banks. The problem is people think they're hurting hedge funds, but the reality is the ones who will end up hurt most are the people who can't afford to take the losses.
  - LaundroMat 6y ago
    Can the hedge funds afford to take the losses?
nyolfen 6y ago
everybody involved knows how this ends, save your paternalistic condescension
- aneemzic 6y ago
  Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher? It's clear price manipulation and it's exposing people to substantial risk they don't understand.
  - nyolfen 6y ago
    > Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher? yes, that is the entire reason that this situation began and the reason that people are excited about it! basic market dynamics are not some occulted mystery that only licensed brokers are privy to. >The Redditors at r/WallStreetBets are now busting open the territory of finance. It doesn't take long for the average person to understand the language of finance if it is explained clearly... and professional investors are going to be pissed about it [...] So expect professional investors to hold the amateurs in contempt. Not because they are losing money. But because they have constructed an identity out of finance being exclusive & high status. They won't want to be associated with unwashed masses & will resist it