General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHave 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!
kickitup
(355 posts)Lady Freedom Returns
(14,120 posts)This is going to be fun to follow!
tulipsandroses
(5,124 posts)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.
MLAA
(17,318 posts)Ferrets are Cool
(21,109 posts)Messing with rich man's money ain't gonna cut it.
rurallib
(62,434 posts)stillcool
(32,626 posts)Priorities...again.
bamagal62
(3,268 posts)Wellstone ruled
(34,661 posts)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)people are going to get burned really, really bad.
Decoy of Fenris
(1,954 posts)"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)massive back taxes that they dont 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)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."