[Stonks] GME market manipulation by hedge funds
(media.kotakuinaction2.win)
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Image taken from c/wsbets for convenience.
Preface: I own zero shares; I considered it but figured I was too late, which was wrong. I don't care money wise since I'm doing my own long-term thing with a traditional IRA, would have loved to participate in fucking over Wall Street. Oh well.
Anyway, for those out of the loop, the WallStreetBets subreddit has had shady happenings, with old moderators being booted. It was clarified to be an 'admin decision', but coincided with tons of seemingly inorganic postings.
(The subreddit has organically shifted in tone, since everyone and their mother thinks the purpose of the forum was the digital equivalent of Occupy Wall Street -- it wasn't, at least not until the brokers started limiting purchases.)
Since then, many people - NPCs or not - have been suggesting that the "squeeze is over" and to take losses before it goes further down. Between the short-ladder attacks and shorting via ETFs, this stock has been clearly suppressed as evidenced in price and daily volume.
I don't know what high the stock can and will hit, because I'm not a retard that can or would naked short a stock (nor trades on margin to begin with), but "synthetic shares" and the likes aren't long-term solutions when the piper has to pay. And now we're seeing correction BACK to some norm. Wherever that lands.
Restrictions are again in play, but it's not necessarily as simple as the brokers (e.g. Robin Hood) themselves, alone, being corrupt. Either way, this bitch has always had life despite what the media and robots have parroted, and we're seeing it play out.
Oh, and Congress is busy clutching pearls about these institutions but we know nothing will come out of that.
We do know that they're trying to nail DeepFuckingValue on market manipulation, but they're out of luck as evidenced by, y'know, his comment history encouraging nothing of the sort and everyone on the subreddit mocking him years in advance.
If there are any rule changes, it'll probably be to the detriment of retail investors, but that's to be expected by our political economy.
There has been some migration, but I don't think most of the subreddit knows about the WIN community...and as we've seen with KIA2, people are lazy even when aware. It's technically not moderated by the original Reddit moderators, though my understanding is that Doggos and the rest have (or had) the intention to hand it over if they ever expressed interested.
As for the subreddit, I won't pretend to be an expert. I rarely browsed it because even before GameStop shenanigans it was generally only useful for looking at loss porn. But from what I saw of the bearish sentiment, IMO it was mostly shills with the occasional peasant that has no brains nor testicles to justify being anywhere near stocks.