posted ago by Texan1stAmerican2nd
+8 / -0
If someone, who isn't me, used a VPN and coordinated on platforms such as, facebook or reddit, to recreate ganestop gate, would that be illegal? Would it be feasible to coordinate in an untraceable way on the internet for some group to torment the wall street class? No matter what the DC cronies tr6bto do to stop us?
If someone, who isn't me, used a VPN and coordinated on platforms such as, facebook or reddit, to recreate ganestop gate, would that be illegal? Would it be feasible to coordinate in an untraceable way on the internet for some group to torment the wall street class? No matter what the DC cronies tr6bto do to stop us?
It's not like a DoD attack. Wallstreetbets people are putting all their savings into risky call options and driving the stock up even when it's close to 100x its underlying value. The only way to help is to invest. The most likely outcome is losing your money. Sadly, many of these autists at wallstreebets will hold too long and lose all their gains.
Yes when eventually the stock drops back to its normal trading range most of the gain will be gone for most of the people but there will be a lot of wealth transferred to a few people who get out at the right time. If this was pooled that could be split among them all. The only illegal thing I've seen was shorting more shares than actually exist. The SEC should be policing that, If they do not do their job I see no reason for a group of people to get together and make people who do that kind of market manipulation get punished by market forces turning against them.
What if there was some fake person to have accrue all the debt? An organized group could Pool profits to make the final trades then pass off the company stock to a made up entity. Or am I fantasizing?
You sound like you would be a natural for Wall Street.
Hillary Clinton did something similar back in 1978 when she turned $1,000 into $100,000 in the cattle futures market in only 10 months.
She had a kind of joint account with someone and when a trade was successful the funds were allocated to her but when they lost money it was allocated to the other person.
I think this only works when you are well connected politically as she was, so nobody investigates the legality.
I'll try to take that as a compliment. And that's insightful. We are up against a truly terrifying beast. George Carlin said it's all a game and we ain't in it.
Its meant to be a compliment.
Creative thinking can lead to great success in fields like finance. But you have to be careful that you don't go over the edge. Also you have to be aware of arbitrary rules, some things that were done routinely years ago in the stock market are now illegal today.
On the other hand new technological advances open up a lot of new possibilities.
So my understanding is the hedge fund has to payout the difference for the stocks they borrowed. Their loan was called while the stocks were a lot higher than anyone thought they'd reach. Now, we have inflated stock that either has to crash on it's own or a coordinated effort has to be made to migrate the wealth slowly into other avenues. With coordinated efforts there has to be some way to keep the money the hedge funds payout circulating the lower class companies. Then they'll just have to keep cheating out in the open or turn the money machine on an even higher setting and tax us into the grave to pay it out. The more I look at this the more it seems the less at reddit just pushed the gas down
Think of it this way. Now with stocks you can sell without owning the stock. But when the time comes to deliver you have to buy the stock from someone and hope the price is lower at that time so you can make a profit.
For example the hedge fund sells a stock for $100 then they try to manipulate the price lower by flooding the market with sell orders. The more sellers there are tend to make the price lower. They do not want to really sell more stock just make the price go lower so anyone actually selling the stock has to price it lower. If they do it right when they have to actually deliver the stock they sold at the beginning they could possibly get it For $50. The difference is pure profit for them, just routine.
In this case however, someone in the reddit group noticed what they were doing and got a big group together to start buying the stock. So instead of going down the stock price started to go up with the flood of buyers. So all the selling offers they were using to try to get the price down were actually taken up and absorbed. Now they had a lot more stock that they had to buy to cover all their sales and the price continued to go up. So now they were buying stock for $200 and more to cover their deliveries for stock that they had sold for $100 and less. Not good for the bottom line and a big transfer of wealth from their pockets to members of the Reddit Group.
All circuit boards with telecommunication capabilities can connect to the internet and the CIA back door it. Remember Eddie Snowden? Don’t think Biden is not already doing this crap.
So a group of people would have to communicate in code on public forums and communicate in more intimate detail in person or via handwritten notes.
Yes.
Need $
And $ means SSN
Could someone make a fake person? No doubt would need the right connections.
Is there some way to make one big massive final trade to a lemon before the stock goes back to normal? Some nonexistent person accrues all the debt and the wealth we transfer gets distributed back into the middle class?