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It's going to be a lot. It's also going to aggravate a ton of people and may bring more to the retail investing table. I wonder if it will make people angry enough to pull money out of the market, or really make a push to punish the establishment.Imagine how many Reddit investors will be left holding an empty bag when this ride is over.
Imagine how many Reddit investors will be left holding an empty bag when this ride is over.
It's a house of cards. It will come crashing down and all these people driving the price up will be wondering "what happened?"It's going to be a lot. It's also going to aggravate a ton of people and may bring more to the retail investing table. I wonder if it will make people angry enough to pull money out of the market, or really make a push to punish the establishment.
This whole thing is super interesting to me and I think this could shift a few different ways going forward. Investing could be pretty dangerous for a bit but also really exciting. The people that pushed GME up now know that they have the power to do so, my guess is that they continue to use it and if they keep getting blocked out it will be interesting to see how they respond.
It’s over. Retail trending apps have now banned the trade. I can close out my positions but can’t buy, so they are in a free fall. Sad turn on what was a fun ride.
Never take a risk where the dynamics are irrational. That's my life advice as a trained actuary.
This is actually really scary that the market can be manipulated so easily..
It’s over.
This is 100% manipulation. This may not be nefarious in nature from the reddit guys. But this is manipulation. The hedge fund groups were banking on them tanking and these guys drove it up.Robinhood has been a laughing stock in the industry for a long time but to market yourself as the trading platform "for the common man" and then block the ability for their users to trade is an utter joke.
Not an actuary but I think about this in the same way -- unless I knew about the site earlier...
It isn't market manipulation. It's a massive number of retail investors seizing an opportunity where a small number of hedge fund institutions are overexposed and overleveraged. The concept of a "short squeeze" isn't anything new, this wasn't invented by Reddit users in 2021.
It’s a crowd sourced pump & dump... The Hedge Funds do it all the time...This is 100% manipulation. This may not be nefarious in nature from the reddit guys. But this is manipulation. The hedge fund groups were banking on them tanking and these guys drove it up.
This is 100% manipulation. This may not be nefarious in nature from the reddit guys. But this is manipulation. The hedge fund groups were banking on them tanking and these guys drove it up.