Hacker News new | ask | show | jobs
by NoOneNew 1960 days ago
Your argument is already questionable since you imagine a subred that makes retard/dick/cuck jokes has any SJWs in it.

I just find it amazing how so few people actually go on WSB, but have a garbage pail of opinions. Seriously, less then 5 min on WSB shows how incredibly wrong the media has been regarding that community or their motives. Mark Cuban, Kevin Oleary and a few others are backing what wsb are saying due to the exposure they generated of how manipulated the stock market is. This isnt, "this is the mob ruining the market". This is, "oh boo hoo did the wrong people manipulate the stock market and it hurt the hedge funds?"

There will be regulations on this. The trick is to regulate the market so the average schmuck can have a more level playing field instead of the cards stacked in the hedge funds favor.

1 comments

I'm sorry, but you seems to be void of any refutation of my logic.

you iterated some famous people who are supportive of WSB, but... so what? Are they 'the wise ones of the stock market'? Are they financially supporting financial damage-takers?

They're just famous people, and that's all.

I agree that making a more level playing field is good. But that should be done by congress and law makers, not by burning gullible people's money.

Except for the fact that lawmakers had zero reason to crack down on it. Only the wise and specially educated could comprehend how any of the market works. The poors are incapable of understanding charts and positions because it's so difficult. Only us in the ivory tower can keep the market stable and understand what companies actually deserve investment.

Part 2, again, you've never been on WSB for even 1 minute. At every part of this venture, everyone says this is a terrible profit venture. Everyone on wsb shows off their losses and calls it "loss porn". The only gullible folks are the ones listening to the media. Namely CNBC. Theyre the ones pushing the profit narrative, not wsb. This was more to screw over predatory short sellers and to help a few struggling companies people like. AMC for example, got to leverage their boost in stocks to have a fighting chance to survive through 2021. Effectively holding off bankruptcy for now. Gamestop is now able to position themselves to fight through the next few years.

A lot of people want GameStop to succeed and join the ranks of Netflix and Amazon. Retail investors that bought a few shares now have a tremendous amount of goodwill and loyalty towards the company.
that's when you pour almost all of your savings...

And is 'loyalty towards a company' for having few shares a good thing? loyalty towards what ends? towards massive financial damage?

Many people, or Americans at least, that don't have any savings are not going to experience 'massive financial damage' from buying a few GME shares and seeing them drop in value. It might sting for a bit, but so does getting a tattoo (which is a bigger waste of money.)