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  • kronkfresh [none/use name]
    ·
    edit-2
    4 years ago

    Just keep a bead on WSB for the next one. Thats what I'm going to do. Be happy for comrades pillaging a hedge fund

      • DefinitelyNotAPhone [he/him]
        ·
        4 years ago

        Good. Make the SEC and the Fed look people in the eye and tell them they're no longer allowed to trade in the stock market to "protect boomer's retirement funds" (read: Because the investment firms don't want competition in their Rich Peoples' Feelings Graph money printer). Make them heighten the contradictions, then slide in and start radicalizing when the backlash starts.

        • mangrai [comrade/them]
          ·
          4 years ago

          this is a bad take because these WSB fools wouldn't have been allowed to do this five years ago, it's only because more people have direct access to the market through robinhood and zero commissions trading

          secondly, when this "collapses" it just means a bunch of working folk are going to blame themselves for losing money to the hedge funds

      • kronkfresh [none/use name]
        ·
        4 years ago

        Maybe not this exactly but this isn't the first time the internet and it won't be the last. Its designed to be exploitable. I remember last year a bunch of needs made money ripping off Robinhood

        • mangrai [comrade/them]
          ·
          4 years ago

          WSB finding a glitch and screwing Robinhood a tiny bit is not the same as manipulating market prices

          unrelated, I never thought I'd read "I'll watch WSB and make money" on my chapo dot chat

          • YoungSophocles [he/him]
            ·
            4 years ago

            This was literally a joke on an old TF- guy who learns financial markets only from reading WSB

          • kronkfresh [none/use name]
            ·
            4 years ago

            Lol well give me some credit i have about as much faith in the idea as I do getting covid relief or a living wage. LSC is a fuck, who knows anything could happen