Those Reddit users probably feel that they are highly gifted with trading ability. They feel that they have this Midas touch. They feel invincible and proud that are able to slaughter the hedge fund managers. soon those who rely on Robinhood and Reddit for trading tips will find that trading is very difficult and the way to earn $$$ is to do your own research and work very hard to develop your holy grail.
lol...illegal pump and dump schemes is what wall street is built upon. There are no real laws on wall street unless you are a snitch.
I think you mean push up the price. I read GME in your post, now I'm going to buy GME. Should you be charged with market manipulation? If you believe so, you are going to jail and you are retarded.
Maybe they feel like that, but they don't claim it. They actually claim to be "degenerate retards" ready to lose it all, and being "all in" with their life savings and spare change because "they like the stock", or stonk... I was thinking their buying power could be higher than a couple of billions. Deepfuckingvalue (Reddit) or roaring kitty in youtube, started with 50k call buying otm at 50 cent. Plus some other big boys... and some hedge fund already long the stock like Scion, BlackRock and a few more.
Dave has a little more than a stimulus check. This bull run is very close to an end. When redditors and sports gamblers think they know more than the pros who have made billions it's a recurring sign of the times. They might win a battle, but not the war.
Yep.You're right. One time when I was a kid, and I'll never forget this... I had sunk a 10 foot putt for a big match win over a rival school. It was a great round and I was cocky. Next day GVZ walks into the kitchen while I was bragging on the phone, she looks at me and says loud enough for all to hear, and I quote... "Just because you sank one 10 foot putt young man, you are NOT Jack Nicklaus. Don't forget that". Wise old bird she was.
I remember thinking I was smarter than Warren Buffet because I made a few bucks trading Google options.
https://www.investopedia.com/terms/p/pumpanddump.asp If someone can get you to buy a stock based on false or misleading information and if it can be proven in court that was why you made the purchase...then yes, that person could be charged with operating a pump and dump scheme. Nowhere in my post did I recommend buying GME.