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If they want to fix some of this crap, just make shorting illegal.
Chamath just scorched the earth that is CNBC with that interview
Stupid fitz doesn’t have a horrible idea
Palihapitiya said the craze GameStop shares, a few other stocks like AMC Entertainment, is much more than just a trading story, arguing it’s a push back against the establishment.“Instead of having ‘idea dinners’ or quiet whispered conversations amongst hedge funds in the Hamptons these kids have the courage to do it transparently in a forum,” he said. “What it proves is this retail [investor] phenomenon is here to stay. There are 2.7 million people inside wallstreetbets. I think they are as important as any hedge or collection of hedge funds.”Palihapitiya claimed the best research on stocks done by retail investors inside wallstreetbets is nearly indistinguishable from the best research on Wall Street. “That edge is gone. Now all of a sudden, retail can be on the same footing and they don’t have to be the ‘bag-holder’ to Wall Street.”
I wonder how the Reddit bros feel about lining the pockets of Wall Street with this GME play.https://twitter.com/johndickson72/status/1354510267506429952
I bought one share of AMC this morning at like $14.50. See you losers on the moon.
Quote from: IPA4Me on January 27, 2021, 01:36:42 PMI wonder how the Reddit bros feel about lining the pockets of Wall Street with this GME play.[tweet]1354510267506429952[/tweet]yeah, WSJ had a piece about it and they had some bigs go off the record with them that they are certainly playing this thing. at the end of the day someone will be left holding the bag once all the shorts are out.
I wonder how the Reddit bros feel about lining the pockets of Wall Street with this GME play.[tweet]1354510267506429952[/tweet]
it'd be funny if gamestop could issue shares or buy something with its valueless shares and actually end up surviving.
Quote from: IPA4Me on January 27, 2021, 01:36:42 PMI wonder how the Reddit bros feel about lining the pockets of Wall Street with this GME play.https://twitter.com/johndickson72/status/1354510267506429952yeah, WSJ had a piece about it and they had some bigs go off the record with them that they are certainly playing this thing. at the end of the day someone will be left holding the bag once all the shorts are out.
Tesla’s Elon Musk gave Reddit even more prominence as a trading forum on Tuesday as he tweeted “Gamestonk!!”, along with a link to the wallstreetbets subreddit. “Stonks” is a tongue-in-cheek term for stocks widely used on social media.
Bright Trading’s Dick said he reads the headlines in the wallstreetbets subreddit each morning and scans the forum about five to 10 times a day. He said paying attention to overnight and early morning conversations are critical.“It’s almost exhausting as a trader to pay attention to so many different sources that can move stocks,” Dick said. “And the Reddit one is right at the top of my list right now.”
https://twitter.com/AOC/status/1354536220110577664
well now trump supporters know which side to pick.
