Stock Market (8 Viewers)

Dostoevsky

Tzu
Administrator
May 27, 2007
89,299
Sorry, but most people on WSB are financially and economically illiterate, and their risk management is non-existent. I know most of them are for the money but they are led by fraudsters.
This is outright fraud what is happening right now.
I am not saying big banks, hedge funds, and institutional investors have not been involved in market manipulation - of course, they are - and they should be punished for this but not in this way.
I am actually 100% certain the big guys have already infiltrated these forums and use them for their own gain. WSB has given them one more powerful weapon to manipulate the markets. Thanks, guys.
Regulations will come in place for an average Joe. Big banks, hedge funds, and institutional investors will be protected and keep manipulating the market like they used to.
 

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pavelnel

Senior Member
Oct 24, 2006
2,473
Regulations will come in place for an average Joe. Big banks, hedge funds, and institutional investors will be protected and keep manipulating the market like they used to.
If the average Joe continues to behave like a regular fraudster, he should be persecuted. As should be all big investors, who are involved in fraud.
I have been involved in risk management for big banks and the gambling industry. That was my previous, corporate life. Average Joes are not more innocent than the institutional fraudsters. I know both kinds. I hate them both.
 
OP
AFL_ITALIA

AFL_ITALIA

MAGISTERIAL
Jun 17, 2011
32,106
  • Thread Starter
  • Thread Starter #464
    If the average Joe continues to behave like a regular fraudster, he should be persecuted. As should be all big investors, who are involved in fraud.
    I have been involved in risk management for big banks and the gambling industry. That was my previous, corporate life. Average Joes are not more innocent than the institutional fraudsters. I know both kinds. I hate them both.
    What fraud is being committed by the average Joe here?
     

    PhRoZeN

    Livin with Mediocre
    Mar 29, 2006
    17,352
    Guys, if you are not into this just for the money, but have some misguided ideals behind it, you are idiots. Please, do not BS me with statements how you stick it to the big guys. LOL. The big guys are making more money with this than the small investors.
    You may punish some hedge funds but the smart ones have covered their positions and are raking in profits by now. Most of the stock is in the hands of institutional investors that already made billions. LOL.
    In reality, you will stick it to the average Joe who has come late to the party.
    I bet heavy regulations is coming too. Thanks to the short term morons on WSB long term investors like me will have to live with the concequences of their stupidity and greed.
    And you are not helping business like GameStop when you buy their stock but spend your money on Amazon, Steam, Apple etc. If you were so concerned about small or medium size business you buy from them like I do.
    If you are for the money, you are smart. But thanks to you and the others you "punished" Blackrock, the biggest assets manager in the world, with billions in profits. Hahaha. BR manages 8 trillions in assets. For comparison the hedge fund that shorted GS manages 7 billions. You really punished the big bad guys hahhaha.
    Some truths in there, yes those who come late to the party will most likely suffer.. However don't forget most of those buying have next to no knowledge on investing, they are amateurs, probably autistic too but they want to invest, want to own, want to feel part of something but in the past felt frightened. Frightened no more, this is where we are all in this together with a common cause. It's an opportunity in a lifetime to stick it to the big guys. Yes the big guys that you first said won't get hurt but then go to praise all the hard work we and million of others are carrying out. It's stupid to throw your whole life savings, it's sensible to go for both, cause and money and invest upto a maximum of 10 percent of your income, just for the ride, and for the for the thrill.

    This is YOLO, and never happened, we have shit to show individually,, but we are backed by millions of retards. Weve already reached space and done something that even billionaires couldn't do. It went from 20 to all time high 483, insane. We forced them to bend rules in public, and had fellow millionaires stand up for us, while media once again stuck by the rich. The message was simple, we got nowt to lose, some will give up, others will join. That's fine, the message remains the same. That's hows it gonna be, people power. Social media toppled governments, and now it's causing tremors on wallstreet. Them fuckfaces with suits are sweating and scratching their greasy asses, while we hold the bananas. For once they ain't robbing the average Joe. No sir, the average Joe is standing up and robbing them while giving them a big fuck you.

    The only thing which will hurt is the exit game because all things come to an end, GameStop don't have the means to reinvest and have people buying from them. I respect the notion but they were long gone. Stocks like AMC, Nok and BB however might do better with this money. Either way its fun, it's exciting, and has millionaires are thinking twice about their sadistic and lonely lifes and lurking to join the cause. Some have already joined, and I'm sure other will too. I'm in for both money and cause, kind of proud I stuck by despite it being a tough day. We all throw money on junk, and expect to feel content and happy but most of the times were left empty no matter what we throw towards our desire. This, this is something else, it's a beautiful story, one for a movie that one day you can tell your grandkids you were there.
     

    Dostoevsky

    Tzu
    Administrator
    May 27, 2007
    89,299
    If the average Joe continues to behave like a regular fraudster, he should be persecuted. As should be all big investors, who are involved in fraud.
    I have been involved in risk management for big banks and the gambling industry. That was my previous, corporate life. Average Joes are not more innocent than the institutional fraudsters. I know both kinds. I hate them both.
    Average Joe is gonna earn 100e and big guys earn 100 millions, yet you'd chase Joe first. And leta not kid ourselves, big boys are not getting persecuted. Its their game and seeing them lose money is great.
     

    pavelnel

    Senior Member
    Oct 24, 2006
    2,473
    Some truths in there, yes those who come late to the party will most likely suffer.. However don't forget most of those buying have next to no knowledge on investing, they are amateurs, probably autistic too but they want to invest, want to own, want to feel part of something but in the past felt frightened. Frightened no more, this is where we are all in this together with a common cause. It's an opportunity in a lifetime to stick it to the big guys. Yes the big guys that you first said won't get hurt but then go to praise all the hard work we and million of others are carrying out. It's stupid to throw your whole life savings, it's sensible to go for both, cause and money and invest upto a maximum of 10 percent of your income, just for the ride, and for the for the thrill.

    This is YOLO, and never happened, we have shit to show individually,, but we are backed by millions of retards. Weve already reached space and done something that even billionaires couldn't do. It went from 20 to all time high 483, insane. We forced them to bend rules in public, and had fellow millionaires stand up for us, while media once again stuck by the rich. The message was simple, we got nowt to lose, some will give up, others will join. That's fine, the message remains the same. That's hows it gonna be, people power. Social media toppled governments, and now it's causing tremors on wallstreet. Them fuckfaces with suits are sweating and scratching their greasy asses, while we hold the bananas. For once they ain't robbing the average Joe. No sir, the average Joe is standing up and robbing them while giving them a big fuck you.

    The only thing which will hurt is the exit game because all things come to an end, GameStop don't have the means to reinvest and have people buying from them. I respect the notion but they were long gone. Stocks like AMC, Nok and BB however might do better with this money. Either way its fun, it's exciting, and has millionaires are thinking twice about their sadistic and lonely lifes and lurking to join the cause. Some have already joined, and I'm sure other will too. I'm in for both money and cause, kind of proud I stuck by despite it being a tough day. We all throw money on junk, and expect to feel content and happy but most of the times were left empty no matter what we throw towards our desire. This, this is something else, it's a beautiful story, one for a movie that one day you can tell your grandkids you were there.
    Great pamphlet and if it leads to something more than organized stock manipulation, I will be glad to join, but not as it is right now. Channel your energy into political and environmental activism and I am in.

    Average Joe is gonna earn 100e and big guys earn 100 millions, yet you'd chase Joe first. And leta not kid ourselves, big boys are not getting persecuted. Its their game and seeing them lose money is great.
    But you are not making them lose money in the big context. They are already implementing strategies how to exploit it and minimize the risk. I would have done so by now.
     

    PhRoZeN

    Livin with Mediocre
    Mar 29, 2006
    17,352
    Sorry, but most people on WSB are financially and economically illiterate, and their risk management is non-existent. I know most of them are for the money but they are led by fraudsters.
    This is outright fraud what is happening right now.
    I am not saying big banks, hedge funds, and institutional investors have not been involved in market manipulation - of course, they are - and they should be punished for this but not in this way.
    I am actually 100% certain the big guys have already infiltrated these forums and use them for their own gain. WSB has given them one more powerful weapon to manipulate the markets. Thanks, guys.

    I think it starts of for the money, it's an easy and attractive cause, and those who did sold out quickly most likely with losses, especially yesterday. By now a lot of amateur investors' know what they are getting themselves into. Those who are new, not quite but the cause grows. I myself went for the money, but now I'm liking the cause and couldn't care less now if I ended up with a loss.
     

    pavelnel

    Senior Member
    Oct 24, 2006
    2,473
    I think it starts of for the money, it's an easy and attractive cause, and those who did sold out quickly most likely with losses, especially yesterday. By now a lot of amateur investors' know what they are getting themselves into. Those who are new, not quite but the cause grows. I myself went for the money, but now I'm liking the cause and couldn't care less now if I ended up with a loss.
    :D Please, do not pretend to be naive. The amateurs are just getting started. I really hope this will lead to something more meaningful but I have my doubts.
     
    OP
    AFL_ITALIA

    AFL_ITALIA

    MAGISTERIAL
    Jun 17, 2011
    32,106
  • Thread Starter
  • Thread Starter #473
    Market manipulation, security fraud. "Pump and dump" schemes in particular. False information spreading.
    I don't see how this situation is all that much more different than this for example:
    https://finance.yahoo.com/news/nio-stock-falls-short-seller-165144053.html

    Or the infamous Cramer with Bear Stearns in 2008 as another. There is one difference however, traditionally the former two examples have a lot more of an effect on the market than a Reddit post. If the first two are legal, why should the latter not be? In the specific case of GameStop, the hedge funds shorted more stock than actually exists and just got found out. That's fully their own fault. AMC is another that is another that is heavily shorted, so in this case would it be any different if it was, hypothetically, what would traditionally be a few large funds buying and holding shares vs multiple people?

    Unless you're speaking in general terms, then absolutely. But at the end of the day the average person has a greatly diminished capacity to commit any of those crimes when compared to the established players in the game, who are never punished. Still waiting to hear about Kodak's volume immediately prior to their government funding announcement, for example.
     

    PhRoZeN

    Livin with Mediocre
    Mar 29, 2006
    17,352
    :D Please, do not pretend to be naive. The amateurs are just getting started. I really hope this will lead to something more meaningful but I have my doubts.
    Have you even been to WSB? You'll find they are not preaching nor telling you to buy, all they have been saying is hold. That's all, they don't tell you to dump you life savings or anything, they don't have Al go, they are just having fun while creating a movement. Maybe it's stock manipulation, but it's no more than a hedge funder. What they are not doing though is misleading and sucking everyone's grapes dry. You'll find a helluva lot people including the mods usually add 'this is not financial advice' they say so because they are there for the people. I saw a person post up a message saying how they bought one gme stock and holding. The others upvoted him/her and some of them said it even one share is enough. So no they are not the real manipulators it's them other guys that you work for.
     

    IliveForJuve

    Burn this club
    Jan 17, 2011
    18,980
    Market manipulation, security fraud. "Pump and dump" schemes in particular. False information spreading.
    That would imply that each one of these individuals actually have the power to influence millions of people. But they don't. It's a collective effort from a bunch of nobodies.

    It's not the same as billionaire hedge funds manipulating the market.

    The false information spreading is pretty disgusting though but that's only a few rotten apples.

    - - - Updated - - -

    Have you even been to WSB? You'll find they are not preaching nor telling you to buy, all they have been saying is hold. That's all, they don't tell you to dump you life savings or anything, they don't have Al go, they are just having fun while creating a movement. Maybe it's stock manipulation, but it's no more than a hedge funder. What they are not doing though is misleading and sucking everyone's grapes dry. You'll find a helluva lot people including the mods usually add 'this is not financial advice' they say so because they are there for the people. I saw a person post up a message saying how they bought one gme stock and holding. The others upvoted him/her and some of them said it even one share is enough. So no they are not the real manipulators it's them other guys that you work for.
    :agree:

    They're self declared retards who don't inspire any confidence to profit seeking visitors.
     

    pavelnel

    Senior Member
    Oct 24, 2006
    2,473
    I don't see how this situation is all that much more different than this for example:
    https://finance.yahoo.com/news/nio-stock-falls-short-seller-165144053.html

    Or the infamous Cramer with Bear Stearns in 2008 as another. There is one difference however, traditionally the former two examples have a lot more of an effect on the market than a Reddit post. If the first two are legal, why should the latter not be? In the specific case of GameStop, the hedge funds shorted more stock than actually exists and just got found out. That's fully their own fault. AMC is another that is another that is heavily shorted, so in this case would it be any different if it was, hypothetically, what would traditionally be a few large funds buying and holding shares vs multiple people?

    Unless you're speaking in general terms, then absolutely. But at the end of the day the average person has a greatly diminished capacity to commit any of those crimes when compared to the established players in the game, who are never punished. Still waiting to hear about Kodak's volume immediately prior to their government funding announcement, for example.
    At least, they can provide some analysis behind this investment advice and on paper their activity is supervised and regulated. What analysis stands behind Mia Kalifa and Elon Musk''s (No Covid by the end of April guy )Twitter messages "Buy that stonk" or what is the identity of some Redditor with infuence who reccomends buying these stocks? Who are they? In what capacity they give investment advice?

    Have you even been to WSB? You'll find they are not preaching nor telling you to buy, all they have been saying is hold. That's all, they don't tell you to dump you life savings or anything, they don't have Al go, they are just having fun while creating a movement. Maybe it's stock manipulation, but it's no more than a hedge funder. What they are not doing though is misleading and sucking everyone's grapes dry. You'll find a helluva lot people including the mods usually add 'this is not financial advice' they say so because they are there for the people. I saw a person post up a message saying how they bought one gme stock and holding. The others upvoted him/her and some of them said it even one share is enough. So no they are not the real manipulators it's them other guys that you work for.
    Correction, I have not worked for them in 2 years and I was not involved in the capital markets.
    Writing "This is not a financial advice" after you implicitly or explictly gave financial advice is meaningles in the context of the largely unregulated online space where this occurs.
    I have seen enough of WSB to know what they are.


    After the moon were flying to the sun.

    O, yeah. The crypto fraudster helping in the battle against WS. The irony.
     
    Last edited:
    OP
    AFL_ITALIA

    AFL_ITALIA

    MAGISTERIAL
    Jun 17, 2011
    32,106
  • Thread Starter
  • Thread Starter #480
    At least, they can provide some analysis behind this investment advice and on paper their activity is supervised and regulated. What analysis stands behind Mia Kalifa and Elon Musk''s (No Covid by the end of April guy )Twitter messages "Buy that stonk" or what is the identity of some Redditor with infuence who reccomends buying these stocks? Who are they? In what capacity they give investment advice?
    You can find some detailed analysis there as well:

    There's this too though :p

    But I would think that the average person could look at the 4 examples that we collectively provided and determine which has more in-depth analysis. At the end of the day, should Bjerknes be prosecuted for recommending OXY a few months ago, or DutchJuventino for BNGO and GEVO? I mentioned BB, but am I off the hook because I continually mentioned that I don't know shit?

    I see your point about the anonymity of it though. Going forward after this, I think that becomes a lot more shaky. Though if it turns out a really big player in the market end up making such posts in the future, I doubt much will be done, if anything.
     

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