Re:The Reddit GME short squeeze game plan (143 days old)
by xkeysc0re on Saturday January 30, 2021 @12:20PM
(#25970864)
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?
Re:The Reddit GME short squeeze game plan (143 days old)
by kaczordon on Saturday January 30, 2021 @12:21PM
(#25970881)
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.
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!