General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Technolus
The Wall Street Journal
comments
Comments by "Technolus" (@technolus5742) on "How Options-Trading Redditors Fed the GameStop Frenzy | WSJ" video.
Wait, they have nothing but are buying stuff? Does not compute. They have little they are swingling it and most often losing money to more savy players on reddit who are profiting from average joes losses. The rich adapt to these new swindles, the average joe will still be dupped.
5
They literally said this was about small investors banding together on forums like redit and the professional investors who had shorted the stock. 0:45
4
@brandonburns5365 I'm saying it's illegal to consert buying action geez. ......... it was people consciously participating in a group scheme to pump a stock. ......................... ¯\(°_o)/¯ your narrative is a complete denial of the central matter of this story
2
@brandonburns5365 thats not how it works, proce of shares don't make the company go bankrupt, what causes bankruptcies is online purchases replacing physical stores. Thats why gamestop is such a shorted stock
2
You could also have checked who owns the wall street journal, which is for the most part a single person, which also happens to be the owner of fox.
2
SmashStomp Inc On one hand its good that you're ignorant of poverty, on the other hand its bad that you're ignorant. Your c9mment is pure condensed ignorance.
2
So make sure they are not manipulating the market, like that people in wall street bets were doing.
2
SmashStomp Inc they posted information about which stock for the group to target to cause a move, which is illegal.... And krammer does not engage in targeted propping of a stock. Which if he did would be illegal.
1
@dstblj5222 The difference is cause and effect. It was that people banded together to drive the price of the stock.
1
@dstblj5222 no, it was people going on reddit, and following the instructions to buy buy buy. It's a crime dude. (and big short positions is not reason to think something is going to rise lol, get a better excuse just in case...)
1
@dstblj5222 if cnbc told people to target a stock and caused a massive frenesim on it it would be a crime.
1
@dstblj5222 no, they targeted a specific stock and directly got it's price inflated. Money was to be made there because a crime was being committed.
1
@brandonburns5365 it is, mass crime does not cease to be a crime and shouldn't e too hard to trace this back to individual investors, thought it's most likely that big fish (prominent instigators) would be the primary targets of any investigation.
1
@cninusa pumping a stock 1000%? Probably not. Staying witin legal boundaries and stretching them as much as possible? Probably. Of course managers make massive profits off of point of a percent. They can make their massive proffit without having to cause a tsunami.
1
Isnt it illegal already?
1
@brandonburns5365 yeah, thats like a thieve saying they just "borrowed it". Thats something you say to a friend as a quip, not something that you'd expect to hold up in court
1
But it's illegal, isnt it, and people have been arrested for doing this.
1
@brandonburns5365 people got together and coordinated action to change the price of gamestop. If you heard people in wallstreet were doing something like this you'd expect someone to go to jail if justice was served.
1
@brownsbacker1240 good on you if you can just throw away 300 bucks. Not only is that something, but its something that has been lost over and over again on wallstreet bets.
1
SmashStomp Inc what are you talking about, there was ongoing market manipulation by redditors, they would be breaking the law if they knew of market manipulation going on in their platform and did nothing........
1
@gabrielwarren6955 some do some dont, mostly I've corrected things that are being said that are wrong, a lot of stupid plainly wrong stuff being said, some by people who didnt even watch the video...
1
Yeah, cause its totally not going bankrupt like video rental stores. This company is hevily shorted because its going out of business due to online sales replacing physical stores. Plus you're risking jail for engaging in market manipulation.
1
@brandonburns5365 I'm saying that this didn't happen because all of a sudden people just changed their minds about gamestop, but via coordination on reddit to manipulate the market....
1
This is preciselly a pump and dump scheme. As far as I know this is illegal.
1