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It's difficult to win in an SEC governed market that is corrupt by design. You'd need a competitive advantage large enough to bridge the SECs designed corrupti

by toolz 5y ago

It's difficult to win in an SEC governed market that is corrupt by design. You'd need a competitive advantage large enough to bridge the SECs designed corruption in the market.

tyre 5y ago
What does this even mean? That it’s difficult to make your stock go up because the SEC has rigged the market? Read through Tesla’s history with the SEC, specifically Musk being immature and committing securities fraud on Twitter. They’ve fined him and the company, and there is no love lost between the two, but TSLA is still going up.
- unethical_ban 5y ago
  One could argue that's the problem: They got a slap on the wrist instead of crippling punishment for illegal behavior, and there are companies that may be farther in the electric vehicle game than they are today, because they didn't employ a grandiose, law-flouting CEO to prop up their stock.
- toolz 5y ago
  Spend even just a couple hours researching dark pools and naked shorts and it becomes blindingly obvious the SEC exists to do anything but protect consumers. The twitter outrage over elon's comments are nothing more than a woefully uninformed public hoping to remove the tip without addressing the iceburg underneath. If every one of your competition doesn't have to play by the rules, you'll find it hard to beat them playing honestly and you'll find that over time the only winners left are the cheaters.
  - NovemberWhiskey 5y ago
    I know all about dark pools and naked shorts and I have no idea what you're talking about. Be specific. Give details.
    - csee 5y ago
      The market design is unfavorable to retail investors and traders partly due the regulations and laws in the US. - flow internalization which reduces liquidity on venues and widens spreads - dark pools which is liquidity only available to institutions, therefore removing liquidity from venues that retail trades on - market fragmentation which harms retail investors who don't have the execution sophistication of HFT or execution algos - short sale restriction which harms retail traders who incur excess slippage - allowing market makers to naked short sell but not retail investors which harms retail investors because they have to pay rents to access it - trading halts which benefit institutions (over retail) who have the execution sophistication to handle unhalts and who can price warrants etc better while the product is halted
- ampdepolymerase 5y ago
  You forget the other company he manages.

by toolz 5y ago

It's difficult to win in an SEC governed market that is corrupt by design. You'd need a competitive advantage large enough to bridge the SECs designed corruption in the market.

tyre 5y ago

What does this even mean? That it’s difficult to make your stock go up because the SEC has rigged the market? Read through Tesla’s history with the SEC, specifically Musk being immature and committing securities fraud on Twitter. They’ve fined him and the company, and there is no love lost between the two, but TSLA is still going up.

unethical_ban 5y ago
One could argue that's the problem: They got a slap on the wrist instead of crippling punishment for illegal behavior, and there are companies that may be farther in the electric vehicle game than they are today, because they didn't employ a grandiose, law-flouting CEO to prop up their stock.
toolz 5y ago
Spend even just a couple hours researching dark pools and naked shorts and it becomes blindingly obvious the SEC exists to do anything but protect consumers. The twitter outrage over elon's comments are nothing more than a woefully uninformed public hoping to remove the tip without addressing the iceburg underneath. If every one of your competition doesn't have to play by the rules, you'll find it hard to beat them playing honestly and you'll find that over time the only winners left are the cheaters.
- NovemberWhiskey 5y ago
  I know all about dark pools and naked shorts and I have no idea what you're talking about. Be specific. Give details.
  - csee 5y ago
    The market design is unfavorable to retail investors and traders partly due the regulations and laws in the US. - flow internalization which reduces liquidity on venues and widens spreads - dark pools which is liquidity only available to institutions, therefore removing liquidity from venues that retail trades on - market fragmentation which harms retail investors who don't have the execution sophistication of HFT or execution algos - short sale restriction which harms retail traders who incur excess slippage - allowing market makers to naked short sell but not retail investors which harms retail investors because they have to pay rents to access it - trading halts which benefit institutions (over retail) who have the execution sophistication to handle unhalts and who can price warrants etc better while the product is halted
ampdepolymerase 5y ago
You forget the other company he manages.