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Fiery Market Crash Thread

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scarletmike said:
A lot harder to come down on everyone when it's volume like this spread out over a large group that instigated it, IMO. Especially if there's no obvious/actionable "organizing."
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true

still seems like a path The Man might take to try and stop this activity. One or two people get hauled in by the SEC and it will be hard to find an online mob willing to try to manipulate price.

Who knows though?

Fascinating confluence of technology and finance.
 
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Fungo Squiggly said:
It will be a bloodbath. The artificially inflated price doesn't change the fact that the underlying company is in the shitter. At some point, folks are going to start off-loading these stupid over-priced shares they bought and the price is going to take a nosedive. There will be a whole bunch of people losing a ton of money.
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Greater Fool Theory in action.
 
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Jaxbuck said:
I remember some kid used "the internet" to manipulate stock price back in 2001 or so and they came down on him like a ton of bricks.

How is this any different for the Reddit users?
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scarletmike said:
A lot harder to come down on everyone when it's volume like this spread out over a large group that instigated it, IMO. Especially if there's no obvious/actionable "organizing."
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Yeah i’m not entirely sure what rules they are violating as everything is discussed in an open public forum ... you can argue that they are being stupid but thats not against the rules...

I do love that now hedges funds get now clamoring for regulation...
 
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I find it funny they seem to think they’re coming up with something new. I’ve made good money several times on businesses that weren’t bankrupt, but everyone was running away screaming from at the time until they popped, Foot Locker, Freeport MacMiran, and DB being 3 examples. Have to say I’ve never seen it crowdfunded though :lol:
 
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AuTX Buckeye said:
Yeah i’m not entirely sure what rules they are violating as everything is discussed in an open public forum ... you can argue that they are being stupid but thats not against the rules...

I do love that now hedges funds get now clamoring for regulation...
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I don't think they are either but I'm just thinking practically, the crowd sees one or two perp walks and the appetite might dry up over night no matter if they get convicted of anything or not.

Your government in action at the behest of one of the monster lobbies.
 
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Fungo Squiggly said:
It will be a bloodbath. The artificially inflated price doesn't change the fact that the underlying company is in the shitter. At some point, folks are going to start off-loading these stupid over-priced shares they bought and the price is going to take a nosedive. There will be a whole bunch of people losing a ton of money.
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This will happen as soon as all institutional money has been pulled out.

Big Short, The — Seen it all before, won’t be the last time we see it again.
 
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