The Reddit GME short squeeze game plan (143 days old)

Re:The Reddit GME short squeeze game plan (143 days old) by snet0 on Saturday January 30, 2021 @12:18PM (#25970850)

I think the fact this discussion is so back-and-forth, with nobody being absolutely confident that this behaviour either is or is not market manipulation is interesting. To me, it points out that either a) nobody in these conversations knows anything or b) the laws themselves are inadequately described.

Surely a large group of people getting together and saying "GME is way too shorted, buy buy buy and don't sell until $5k" should either be absolutely definitely market manipulation, or absolutely definitely not?

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Re:The Reddit GME short squeeze game plan (143 days old) by sircastor on Saturday January 30, 2021 @12:37PM (#25971051)

> the laws themselves are inadequately described.

This. I recall seeing a post recently that essentially said that any action could be construed as securities law violation.

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Re:The Reddit GME short squeeze game plan (143 days old) by thatguy0900 on Saturday January 30, 2021 @05:39PM (#25973746)

Is it that the laws are inadequately described, or just not really enforced? Most of the arguments for it not being market manipulation are just pointing to other obvious market manipulation that was never policed. If this was two hedge funds going after each other would anyone care?

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