Originally Posted by
DochaDocha
This is the sort of trolling GA Superman would pull off, but I can't really take in all the schadenfreude, either. Citadel forcing Robinhood app to shut down trades to rig their bets is terrible. AOC and Ted Cruz agree on this, which tells us a lot. On the other hand, this is all potentially dangerous stuff. In this particular instance with GME, I think there are a lot of valuable lessons to be learned, and even laughs for us common folk to be shared, but I hope "I like this stock" gets out of people's systems fast. My brother-in-law has been a subscriber to WSB for quite some time, so he's been telling me about the craziness as it was unfolding and about to hit national news, and his take is that while Gamestop is a true short squeeze, what's going on with AMC and BlackBerry is just pumping up the stock. That's not quite right, either, and has the potential to cause so many problems in the future.
If the only issue were that hedge fund managers who shorted stocks and tried to manipulate the market were getting screwed, I could live with that, but I think there's going to be a dark side with ramifications for the common man coming up soon, so I'm laughing, but not reveling, in all of this. Most of us agree it's not good when short sellers try to manipulate the market to win big on their bets. In a fairer world, common folks can do the same thing, and they are succeeding with GME. The real question is if anyone should be doing this, and I don't think anyone should be too comfortable with it. I mean, it really, really sucks that large hedge funds are NOW crying foul because now they're the ones losing on bets while small pockets of middle-class Americans are getting paid. But if you have a 401k or IRA or whatever plan that's dependent on investments, I'd be at least a little concerned.