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Robinhood and Pump and dump

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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 22 February 2021 at 5:28PM
    Mickey666 said:
    Malthusian said:
    Free speech is stifled all the time. It's illegal to shout "Fire!" in a crowded theatre, illegal to call someone the N word
    . . . and yet the 'N word' can be heard all the time in films and rap music.  It's use seems to be accepted within certain ethnic groups but not within others.  
    Using the N word in a song != calling someone the N word. Racist abuse is unacceptable and making rap music acceptable for good reasons. Sorry if my analogy triggered angst about how unbearably difficult it is to be a white man.

    Don't be racist.
    Rappers and people on the street (of all colours) use the n word at each other all the time, plenty call / use racist names towards white people and aren't call out about it. 
    There is no such thing as race anyway, just humans. The sooner we stop creating divisions the better.
    Freedom of speech extends beyond the right to offend people or conversely, not to not be offended. If someone uses a word that is deemed a problem, is it the word that is the problem or the intent?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    maxsteam said:
    csgohan4 said:
    Wall street and hedge funds do it all the time.
    According to who? 
    According to the renowned publication "Breastfeeding for Beginners". There are different definitions of what constitutes Pump and Dump, even if we limit the discussions to the world of equities. The usual definition is an organised fraud.
    Herd mentality when it comes to investing has been around since the Tulip bulb mania in 1637. Behavioral finance studies have shown that inexperienced investors tend to copy what others are doing. Largely influenced by emotion and instinct, rather than performing their own in depth due diligence. 

    All in a book called "Babies learn to crawl before they learn to walk".  Every generation is the same. Goes through the same process. 
  • maxsteam
    maxsteam Posts: 718 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    Herd mentality when it comes to investing has been around since the Tulip bulb mania in 1637. Behavioral finance studies have shown that inexperienced investors tend to copy what others are doing. Largely influenced by emotion and instinct, rather than performing their own in depth due diligence. 
    I think that the psychology of gambling is also relevant to some trading apps. If you give someone an easy win when they first join the game then they will still be high on that win when they've lost all their money.
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