4 ms·

Who are you to arbiter who gets to trade stock and on what terms? Isn't this play literally about fundamentals? The stock was undervalued and overshorted so Red

Who are you to arbiter who gets to trade stock and on what terms? Isn't this play literally about fundamentals? The stock was undervalued and overshorted so Redditors saw an opportunity to crowd source a short squeeze. WallStreetBets is full of jokes and memes, sure, but there's also consistently top voted posts explaining the logic and due diligence behind GME. There's nothing untoward happening here except the insane outrage and hypocrisy of Wall St CNBC types.

titzer 6y ago
I am just sick of all the outrage, frankly. Now, not only is the stock market all f'd up, we gotta listen to one inane story after another about a market riot. Not only that, you gotta now worrying if your investments will suddenly and inexplicably become the target of some online mob's ire and get spiked for absolutely no reason. And don't be fooled. These things will absolutely be gamed by botnets, astroturfing, and smear campaigns until kingdom come. It's just another landmine that makes the whole background of life suck even more. But yeah, let's get them CNBC types! Burn it down!
- xkeysc0re 6y ago
  You're all over the place. GME is a black swan aberration borne out of current market conditions BECAUSE of hedge funds and institutional players. Retail investors involved in short squeezes like GME are not going to cause a crash. In fact, I would argue the GME episode has made life suck a lot less for plenty of people - some made money but a lot of people have just had fun laughing, making memes, and putting some money in because, well, what else are you gonna do? The stock market is not F'd up because of retail investors. What should we do - just sit on our hands and hope the free Ford stock Robin Hood gave us goes up? Why not have fun and dream a little and learn about the market in the process?
- kaczordon 6y ago
  Lol it’s not the people on Reddit’s fault for exploiting an opportunity. Maybe your anger should be directed at the hedge funds who were shorted 140% OF AVAILABLE FLOAT. Wanna know where the instability is coming from? The hedge funds don’t want to pay up and lose money. Redirect your anger towards the proper people.
ploika 6y ago
I'm not American so I don't know what CNBC's coverage is like, but I'm not seeing any outrage or hypocrisy from the Financial Times, the Economist or the various Business sections of Irish media outlets. Maybe I'm missing something. The worst I've seen is maybe a paternalistic attitude of "some inexperienced day traders are now at risk of being taken for greater fools," which I find hard to disagree with, to be honest. Or else they're slightly sniffily pointing out that short selling is not inherently immoral, and that many Wall Street firms are actually delighted with the windfall in fees from all this extra market activity.

titzer 6y ago

I am just sick of all the outrage, frankly. Now, not only is the stock market all f'd up, we gotta listen to one inane story after another about a market riot. Not only that, you gotta now worrying if your investments will suddenly and inexplicably become the target of some online mob's ire and get spiked for absolutely no reason. And don't be fooled. These things will absolutely be gamed by botnets, astroturfing, and smear campaigns until kingdom come. It's just another landmine that makes the whole background of life suck even more. But yeah, let's get them CNBC types! Burn it down!

xkeysc0re 6y ago
You're all over the place. GME is a black swan aberration borne out of current market conditions BECAUSE of hedge funds and institutional players. Retail investors involved in short squeezes like GME are not going to cause a crash. In fact, I would argue the GME episode has made life suck a lot less for plenty of people - some made money but a lot of people have just had fun laughing, making memes, and putting some money in because, well, what else are you gonna do? The stock market is not F'd up because of retail investors. What should we do - just sit on our hands and hope the free Ford stock Robin Hood gave us goes up? Why not have fun and dream a little and learn about the market in the process?
kaczordon 6y ago
Lol it’s not the people on Reddit’s fault for exploiting an opportunity. Maybe your anger should be directed at the hedge funds who were shorted 140% OF AVAILABLE FLOAT. Wanna know where the instability is coming from? The hedge funds don’t want to pay up and lose money. Redirect your anger towards the proper people.

ploika 6y ago

I'm not American so I don't know what CNBC's coverage is like, but I'm not seeing any outrage or hypocrisy from the Financial Times, the Economist or the various Business sections of Irish media outlets. Maybe I'm missing something. The worst I've seen is maybe a paternalistic attitude of "some inexperienced day traders are now at risk of being taken for greater fools," which I find hard to disagree with, to be honest. Or else they're slightly sniffily pointing out that short selling is not inherently immoral, and that many Wall Street firms are actually delighted with the windfall in fees from all this extra market activity.