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by nrmitchi 1967 days ago
> is not market manipulation so long as you believe what you are telling them.

I believe there is also thought that this concept could get some people in trouble.

There are a fair number of "sounds right but actually aren't" accusations floating around about GME (along with complete garbage[0]); if you know that these are false statements when syaing them (which in some cases is definitely provable), then you could be in a bind.

[0] I think the most striking example of "complete garbage" that I've seen (but unfortunately can't find any more) is a set of claims that Microsoft is going to acquire GameStop to turn all GameStops into XBox E-Sports lounges. I mean, could it theoretically happen, yes, but I don't think that anyone believes that at all. That's the kind of boiler-room style shit that used to be considered clear-cut fraud.

1 comments

Yea, there's definitely an area in the middle where people don't believe what they're saying so much as convince themselves that they don't know for sure it's not true. The idea of searching wsb for the ones you could prove in court were lying seems like more work than benefit, though.