Wow, I'm not educated on such things, but isn't that like supreme bullshit?
What the traders are doing is completely legal. But I guess ways for individuals to utilize the market is bad, and ways for corporations to profit off misery are fine? Fuck that noise, man. What a joke.
None of the CEOs or any of the ones directly responsible. They always sacrifice some middle to lower management guy or team that they get for fraud or something.
Let's just say there will be no movie like "The Big Short" treating WSB as the scrappy underdog heroes of the story, because the heroes in that story would be the villains in this one.
That's brutal and the kind of thing that would run me away from a trading platform in a second. I could understand if they wanted to restrict margin buys, but if it's my cash let me gain or lose it however I want and butt out.
Eventually their price bubbles will pop and all this gain will balance back out by whoever gets stuck with these stocks at $300 when they go back to $10. Not to mention the losses by the hedge funds now.
I like this a lot better than the fed money printing. A dollar gained by one is a dollar lost by another. Equivalent exchange.
We do not like them because short-trading promotes unethical behaviour. If you have put yourself at unlimited risk by promising you would buy now-skyrocketing shares by a certain date, you are incentivised to do anything in your power to sabotage the company you are contractually obliged to pay for, but will not own.
TD Ameritrade started limiting actions retail traders could take on certain stocks like GME and AMC. People who choose to get into these trades should consider the possibility that their trading platform won't actually allow them to exit their position when they wish to do so.
Wow, I'm not educated on such things, but isn't that like supreme bullshit?
What the traders are doing is completely legal. But I guess ways for individuals to utilize the market is bad, and ways for corporations to profit off misery are fine? Fuck that noise, man. What a joke.
How many bankers went to jail for causing the 2008 market crash again?
None of the CEOs or any of the ones directly responsible. They always sacrifice some middle to lower management guy or team that they get for fraud or something.
And by sacrifice you mean they get a few years in their choice of minimum security federal prison with a guaranteed job when they get out.
That's a good point.
Let's just say there will be no movie like "The Big Short" treating WSB as the scrappy underdog heroes of the story, because the heroes in that story would be the villains in this one.
That's brutal and the kind of thing that would run me away from a trading platform in a second. I could understand if they wanted to restrict margin buys, but if it's my cash let me gain or lose it however I want and butt out.
Eventually their price bubbles will pop and all this gain will balance back out by whoever gets stuck with these stocks at $300 when they go back to $10. Not to mention the losses by the hedge funds now.
I like this a lot better than the fed money printing. A dollar gained by one is a dollar lost by another. Equivalent exchange.
do you guys not like them just because its Reddit or what
Your dedication to trolling poorly is pretty sad.
A) We're not a monolith.
B) I think most of us do find it funny, though. Who is saying they don't like this?
So you're wrong twice in a short sentence, nicely done.
that's why i ask. It's a question, not a statemen
But where is anyone saying "we" don't like them...?
then why is it posted here? that's why i ask?
Because it allows people to discuss the topic, like any place that values free speech should.
Oh hey one of the resident retards finally found his way over here!
Now i can finally tell you this, go play in traffic.
We do not like them because short-trading promotes unethical behaviour. If you have put yourself at unlimited risk by promising you would buy now-skyrocketing shares by a certain date, you are incentivised to do anything in your power to sabotage the company you are contractually obliged to pay for, but will not own.
Who is the 'them'? I can only speak for myself, but I love seeing our international communist overlords get robbed by the little guy.