Lets talk GME etc.

[fleming442]

That's the answer: insider trading, the elephant in the room, that which we never talk about.
Look at it this way Wall Street is a club. You either got a legacy, get sponsored, or are a hot shot that has an innate talent for the market. Only the latter will make you good at day trading.

 

[Streetbu]

I understand both sides of your argument to say no politics gp403, but it's not politics, it's a fact. It actually happened and frankly it doesn't matter which side of the aisle it was on. Just insider trading that's all....

 

[GP403]

“Insider trading” is a specific thing and isn’t what’s going on here.

 

[ck80]

“Insider trading” is a specific thing and isn’t what’s going on here.

To me insider trading is gaining access to private information generated by an entity or persons connected to it, that is not publicly available/accessible, and based on that information, trading in that entity.

Kind of an awkwardly phrased idea.

But still, I agree, I'm not sure how the current efforts constitute insider trading?

 

[fleming442]

To me insider trading is gaining access to private information generated by an entity or persons connected to it, that is not publicly available/accessible, and based on that information, trading in that entity.

Kind of an awkwardly phrased idea.

But still, I agree, I'm not sure how the current efforts constitute insider trading?

They don’t; it was a tangent on playing the (fixed, blind) odds.
The GME was just a "Hold my beer. Watch this." that got crazy.

 

[GP403]

You talk like its in the past already. It's only over for the casuals and people who thought they'd get rich in a day, unless the entire subreddit is full of sh*t (which honestly is still on the board for me) this isn't over by a long shot. I'm literally in for 1 share and holding it for no reason other than the proverbial S&G, .....and if it is part of a bigger picture I can say I had a small role lol.

 

[Bonnewagon]

I avoid the stock market like the plague. I am not at all financially sophisticated enough to outsmart the entrenched forces that make big money FOR A LIVING. But I am sitting on the sides enjoying the big shots pooping themselves and crying foul. How come when they are raking it in they scream to leave them alone and let "free market forces" play out. Then when they crash they need public money to "save the economy".

 

[64nailhead]

I've been watching it as I find it amusing to see a group of average joes whoop up on the greedy hedge fund d-bags that are gambling with companies!

The stink with this has only become such a problem for hedge funders because it was exposed that there hasn't been any gambling going on in the hedge fund board rooms. When a bunch of nobody's figured out how to expose them - call in the fed(s) and have them stop the loss so they can maintain the illusion that they 'risking' something.

How else are some stocks extremely stable, yet others volatile?

And if anyone knows the answer to that last question they’ll have cracked the entire market. 🤷🏼

The answer is the fix is in, but we are not in on it (unless you work for a hedge fund) Hedge funds are like a poker player that is cheating with the dealer - impossible to lose. If you are unfortuante to sit down at the table with a hedge fund, then it's your money that they will be stealing.

In the old days, thieves were treated to a minimum of an *ss kickin'. Now, they are considered successful with a large group of us trying to figure out how to become like one - amazing how times have changed.

 

[64nailhead]

I understand both sides of your argument to say no politics gp403, but it's not politics, it's a fact. It actually happened and frankly it doesn't matter which side of the aisle it was on. Just insider trading that's all....

And it's not contained to one side of the aisle.

 

[Streetbu]

And it's not contained to one side of the aisle.

I agree!