3 ms·
I for one am glad that you were not allowed to short SpaceX. People gaming the market for their own profits are the worst kind of exploiters and swindlers. You
by runarberg 3mo ago
I for one am glad that you were not allowed to short SpaceX. People gaming the market for their own profits are the worst kind of exploiters and swindlers. You contribute absolutely nothing while siphoning the profits that workers make, lowering the salaries of everyone that actually works for a living.
Note this has nothing to do with my feelings about SpaceX. I am Elon hater nr. 1 and hope SpaceX burns to dust, I only hope speculative investors burn down with it.
EDIT/CLARIFICATION: This post is fundamentally anti-capitalist. You may feel like I am mis-informed or misunderstanding. I am both of theses things if and only if Capitalism truly is self-evident.
- z2 3mo agoPutting one's money where their mouth is in expressing that a company's stock appears overvalued is very low on my list of "things that exploit the proletariat."
- runarberg 3mo agoI don’t care the method people use to game the market. They are still participating in a systematic exploitation of workers and deserve the maximum of nothing of what they hope to gain. My parent wanted to make some unearned money by making speculations and gambles. If they were allowed and if they were successful, they would have made a bunch of money while contributing nothing. Every single dollar they would have made in their speculative gamble would have come from somebody else who actually contributed and but didn’t get the full value from their work. I am glad that my parent was denied the privileged to participate in this systematic exploitation. The ideal number of speculative investors is zero, and any movement towards that number is an improvement for workers.
- m000 3mo agoGod forbid an individual makes a profit from shorting. What would be left for hedge funds then? /s
- deleted 3mo ago[deleted]
- positr0n 3mo agoHow is shorting a stock gaming the market? You feel a stock is overvalued and you short it. You feel a stock is undervalued and you buy it. What's the difference?
- inigyou 3mo agoThe former is likely to lose you money, even if you're right, while the latter is likely to gain you money.
- rurp 3mo agoWhat a weird misunderstanding. Shorting reduces fraud in the market, and making it harder to short increases it. There's a reason shady managers had shorts, it increases the chances their bad behavior will be uncovered and punished financially.