Stock Market - Market Manipulation Exposed Worldwide by WallStreetBets!

BananaRepublic

This thread has become weird. 

DiggerUK

BananaRepublic said:

This thread has become weird. 

That's how it started, thank goodness there is the occasional thread that stays on topic..._

IvanOpinion

itwasntme001 said:

Civil unrest is our only hope for a fairer society.

Good idea - time to take a baseball bat to an anarchist

EthicsGradient

itwasntme001 said:

DiggerUK said:

This rising up of the poor wretched masses story is a lot of gob.
It's  a lot of overplayed k'nobheads sitting at home on furlough...

https://www.ft.com/content/0e3abab6-86a6-4a0a-9d07-d0d69b0daba8

Who said it was the poor?  It is middle class kids who are seeing the establishment getting away with corruption for so long.

It is a changing of the political landscape shifting the new generation towards an anti-authoritarian mentality.

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'." Analyst Neil Wilson on how they call themselves https://www.bbc.co.uk/news/business-55817918

“WSB feels like it’s the working class vs. the hedge funds. The poor vs. the rich,” Twitter user @redditinvestors, who has been following Reddit’s WallStreetBets forum for years, told Yahoo Finance on Wednesday morning. https://uk.finance.yahoo.com/news/game-stop-phenomena-is-about-the-poor-vs-rich-reddit-wsb-user-204822769.html

BananaRepublic

itwasntme001 said:

Civil unrest is our only hope for a fairer society.

Politely refusing to lie down or sleep won’t achieve much.
”Go to bed”
”No”

sevenhills

EthicsGradient said:

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'." Analyst Neil Wilson on how they call themselves https://www.bbc.co.uk/news/business-55817918

I dont get any of this. How can the poor or the younger generation buy enough shares to stop a  company listed on the stock market from going bust?

I have invested as little as £500 in the past, but that is really the minimim that people should invest, you you consider fees.

barnstar2077

sevenhills said:

EthicsGradient said:

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'." Analyst Neil Wilson on how they call themselves https://www.bbc.co.uk/news/business-55817918

I dont get any of this. How can the poor or the younger generation buy enough shares to stop a  company listed on the stock market from going bust?

I have invested as little as £500 in the past, but that is really the minimim that people should invest, you you consider fees.

Because there is a lot of them, they don't need to invest much each for it to have an effect. 

BananaRepublic

sevenhills said:

EthicsGradient said:

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'." Analyst Neil Wilson on how they call themselves https://www.bbc.co.uk/news/business-55817918

I dont get any of this. How can the poor or the younger generation buy enough shares to stop a  company listed on the stock market from going bust?

I have invested as little as £500 in the past, but that is really the minimim that people should invest, you you consider fees.

There is a very good article in today’s Sunday Times by Oliver Shah. He agrees with you. These people target hedge funds, but in his view they serve a very useful purpose by uncovering worthless companies. They do research, then short a company that is overpriced due for example to fraudulent accounting. Incidentally this does contradict the efficient market hypothesis. It suggests the market price reflects only what people can be bothered to find out, rather than the information that exists. What a surprise. 

He also pointed out that hedge funds weren’t responsible for the GFC,some even issued warnings, so targeting them in revenge is perverse.

He suggested that targeting hedge funds is akin to targeting someone whomsays something you disagree with cf cancel culture. 

Thrugelmir

sevenhills said:

EthicsGradient said:

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'." Analyst Neil Wilson on how they call themselves https://www.bbc.co.uk/news/business-55817918

I dont get any of this. How can the poor or the younger generation buy enough shares to stop a  company listed on the stock market from going bust?

Round up 4.5 million users find $20 billion and start buying up shares. Share price rises. The Company issues new shares and starts selling them into the market. Raising fresh capital. Doesn't make the fundamentals of the underlying business any better. Apparently an announcement is expected that a significant number of stores are going to be closed.

Zola.

Did anybody buy a GameStop share? I did just for the sheer gamble and hype around it, a fascinating story. I got a share at £140, prepared to lose it all but I want to see where this rabbit hole goes.... !   The next couple of weeks will be interesting.