/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

Were reaching levels of Terryposting that shouldn't be possible
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This shut down scare tactic that trading apps like Robin Hood are doing seem pretty effective. I have a few hundred in just for the ride and the drops make me want to SELL! But I think i'm going to trust reddit, those losers have to be good for something!
 
His third tweet is right. The stock market is a casino, traders are unrepentant, greedy speculators and you should never invest in the stock market. Period.
I mean, it isn't one way or the other. The stock market provides all three things he listed, it's just rife with manipulation and casino level gambling too.
It's a panic move. The problem with naked shorting a stock is that the downside is potentially infinite. They need to stop the bleeding now or else this might lead to a full blown market dislocation, especially if the masses start piling into other dog eared stocks. which let's face it they are.

I see the Streisand effect kicking in big time from this.
Exactly this. If nothing is done now then there's theoretically no limit to what the losses can be. They're obligated to pay what the stock is worth when it closes out. It'd be really fucking dumb of them not to stop this even if it means breaking the law, whatever fines they have to pay as a result will be easier to handle.
 
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