Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Lady Freedom Returns

(14,120 posts)
Thu Jan 28, 2021, 09:05 PM Jan 2021

Have they stopped the day traders from taking to each other....

on Reddit yet ?

Man, I wish I had the money to join into the fun right now. Read some tweets saying that they are blocking people from taking on Reddit to stop them from doing this again. Is that true? I hope not. I don't really do readit but I would love to follow the conversation!

14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Have they stopped the day traders from taking to each other.... (Original Post) Lady Freedom Returns Jan 2021 OP
Reddit. And, yes, they are still talking. kickitup Jan 2021 #1
Yeah!! Lady Freedom Returns Jan 2021 #7
If so, isn't it interesting that powers that be can get them shut down so quick, meanwhile Qanon, tulipsandroses Jan 2021 #2
Exactly MLAA Jan 2021 #3
+1 Ferrets are Cool Jan 2021 #4
that is the key - nearly anything else is permitted rurallib Jan 2021 #6
good point. stillcool Jan 2021 #5
They don't want the little guy in the game. bamagal62 Jan 2021 #8
Never will happen. Wellstone ruled Jan 2021 #9
Honestly, you would be way late. Better to stay out of this, lots of small Blue_true Jan 2021 #10
The people involved welcome getting burned. It's not about money. It's about sending a message. Decoy of Fenris Jan 2021 #11
I hope that they feel that way when bill collectors are after them, or they owe Blue_true Jan 2021 #12
They all knew the risks. Everyone signed up for this fully aware. Decoy of Fenris Jan 2021 #13
Time will tell. nt Blue_true Jan 2021 #14

tulipsandroses

(5,124 posts)
2. If so, isn't it interesting that powers that be can get them shut down so quick, meanwhile Qanon,
Thu Jan 28, 2021, 09:09 PM
Jan 2021

white supremacists, we couldn't do anything about all these years? They could just go on spewing hate, and they have been inciting violence for years. We couldn't shut them down. But this, this, we have swift action.

 

Wellstone ruled

(34,661 posts)
9. Never will happen.
Thu Jan 28, 2021, 09:23 PM
Jan 2021

Most stay in touch via chat boards and Instagram. The Big Dog's will clean out the Day Traders once again. Same garbage,thirty years later.

Blue_true

(31,261 posts)
10. Honestly, you would be way late. Better to stay out of this, lots of small
Thu Jan 28, 2021, 10:25 PM
Jan 2021

people are going to get burned really, really bad.

 

Decoy of Fenris

(1,954 posts)
11. The people involved welcome getting burned. It's not about money. It's about sending a message.
Thu Jan 28, 2021, 10:30 PM
Jan 2021

"You get what you fucking deserve".

No one getting in on this expects, or expected, to make money. Take a look at the WSB subreddit; They don't care about the money. From 3 million members to 5 million overnight. GME bouncing back strong in after-hours. New buyers every day as the story grows and grows. Some people have achieved a dream hitherto inconceivable to them; they're millionares. And they don't give a shit, because fuck wall street. Fuck the hedge funders. They just want to obliterate as many hedgies as possible, and if the squeeze gets squoze, all these names involved (Melvin, Citadel, et cet) are going to evaporate.

Blue_true

(31,261 posts)
12. I hope that they feel that way when bill collectors are after them, or they owe
Thu Jan 28, 2021, 10:35 PM
Jan 2021

massive back taxes that they don’t have the money to pay.

I want Wall Street reformed, but I am not going to run in front of a speeding Semi to try to make reform happen, there are safer, saner ways to bring reform about.

 

Decoy of Fenris

(1,954 posts)
13. They all knew the risks. Everyone signed up for this fully aware.
Thu Jan 28, 2021, 10:43 PM
Jan 2021

As it stands, the market liquidity -actually can't- handle the pressure Reddit is putting on it. Not just GME or the hedgies, but Wall Street itself; Wall Street itself was maybe 30 seconds from a nuclear meltdown and triggering a complete collapse. That's why WSB people are holding; We've asked for reform for too long, and this is exposing the system for the corrupt, rigged game that it is; rotten to the core.

There's going to be no mercy from Reddit here. There's no 'loss', no 'getting burned'. People whose net worth previously measured 50k lost millions in the course of hours. Their response? "Hold. Fuck them. Fuck Wall Street."


I can't say I blame the people of Reddit, and its only getting stronger and stronger. Hundreds of thousands, millions of new retail investors pouring money into these shorts, all 'pump' with no 'dump'. 70 billion worth of Hedge Fund losses and counting, and eventually we're going to start counting bankruptcies and complete liquidations.

Fuck Wall Street indeed. ONLY their greed brought this on, and they brought it on themselves. "You get what you fucking deserve."

Latest Discussions»General Discussion»Have they stopped the day...