Green light for Reddit from SEC

Discussion in 'Wall St. News' started by qlai, Sep 16, 2021.

  1. qlai

    qlai

  2. Millionaire

    Millionaire

    It seems manipulating stock prices up is allowed and even encouraged.

    But don't dare try and to use exactly the same manipulation methods to push stocks downwards.. you risk ending up in jail.
     
    jys78, d08 and qlai like this.
  3. qlai

    qlai

    Also don’t scam old people and don’t mention GOD when you sell crap. I was always wandering why Karen the Super Trader was shut down (she wasn’t running that much money) until I listened to her interview where every second word was GOD.
     
  4. Pekelo

    Pekelo

    So is this green light a one way street, only upward manipulation is OKed? Or can we get together and smack a stock?

    "But I also think we do police the markets for fraud, manipulation, for pump-and-dump schemes and the like.”

    [cough] cryptos[cough]
     
    christianhgross likes this.
  5. qlai

    qlai

    Yes, only upward manipulation is ok :) You can try to "smack" it, but good luck getting short shares and/or margin.
     
  6. Ehhhh were you not paying attention? Kaplan and co all want the market to go up up up... Free money and all you know. ;)
     
  7. jys78

    jys78

    Also, her fraudulent accounting practices.
     
  8. qlai

    qlai

    Yeah, but there are thousands money managers who may cut corners, why she attracted attention of the SEC?