listenupfolks

Ok, for all of you out there who think this is so illegal... you’re confusing immoral vs illegal. Anyone who buys large amounts of a financial instrument is knowingly influencing the market price. Some folks on here have mentioned Berkshire Hathaway, who is notably trying to NOT inflate prices while buying; the mere knowledge that they are tends to send prices higher. What SoftBank did is probably wrong, but it’s not illegal. The markers are a casino, it’s all betting prices go one way or the other. SoftBank doubled down on their purchases through options, which is legal. The point up for debate is intent, if they intended to manipulate prices, they are criminals. But when has anyone ever proved intent alone? That’s not an avenue to enforce market regulations, that just leads to thought police. What we all need to accept, is that no matter what financial transaction rules are in place, someone, somewhere will find a way to manipulate them to their advantage without overtly breaking them. It has always been this way, and always will. The smart win, and the fools are quickly parted from their money. Stop bitching, and stop buying Tesla at a 1200 PE. Xoxo xoxo - me