The elites will be fine regardless, they understand what they're doing and will just exit positions with losses if the they determine the risk is too high.
You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand.
It won't be the elites holding the worthless stock when it inevitable crashes to 0.
> You know who want be fine? The idiot retail investors who actually use robinhood as a broker, lose all their money and can't pay rent because they lost it all gambling on something they didn't understand.
Well, then, I guess we taxpayers should bail them out, the same way we bailed out the banks in 2008.
You might not like it, but at least it would be fair.
I'm not on the side of the banks. The problem is people think they're hurting hedge funds, but the reality is the ones who will end up hurt most are the people who can't afford to take the losses.
Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher?
It's clear price manipulation and it's exposing people to substantial risk they don't understand.
> Do you honestly think the majority of people who use Robinhood as a broker actually understand how short positions work and why they're driving the price higher?
yes, that is the entire reason that this situation began and the reason that people are excited about it! basic market dynamics are not some occulted mystery that only licensed brokers are privy to.
>The Redditors at r/WallStreetBets are now busting open the territory of finance. It doesn't take long for the average person to understand the language of finance if it is explained clearly... and professional investors are going to be pissed about it [...] So expect professional investors to hold the amateurs in contempt. Not because they are losing money. But because they have constructed an identity out of finance being exclusive & high status. They won't want to be associated with unwashed masses & will resist it
Halting buy orders on stocks that the Wall Street powerhouses are betting will go down seems like enough for me... Refueling your shorts is the icing on the cake.
