Quote:

---

This is for you, Dad.

I remember when the housing collapse sent a torpedo through my family. My father's concrete company collapsed almost overnight. My father lost his home. My uncle lost his home. I remember my brother helping my father count pocket change on our kitchen table. That was all the money he had left in the world. While this was happening in my home, I saw hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protestors. I will never forget that.

My Father never recovered from that blow. He fell deeper and deeper into alcoholism and exists now as a shell of his former self, waiting for death.

This is all the money I have and I'd rather lose it all than give them what they need to destroy me. Taking money from me won't hurt me, because i don't value it at all. I'll burn it all down just to spite them.

This is for you, Dad.

---

Quote:

---

Originally posted by SIGNYM:
Of course, anyone can claim anything online, but one Redditor (Space-Peanut) explains his paticipation in sticking it to Wall Street this way ...

---

Quote:

---

Originally posted by SIGNYM:
RobinHood is an online investor platform which promised to put retail investing into the hands of the little guy (or gal) with free services

---

Quote:

---

Originally posted by SIGNYM:
One more twist: GOOGLE

Google DELETES 100,000-plus one-star ratings of Robinhood app after enraged retail traders pile negative reviews over GameStop ban

Frustrated investors had dropped Robinhood's rating from about 3.7 stars to ONE star. Google, by assiduously removing negative reviews, restored Robonhood's online rating to a shiny 4 stars.

---

Quote:

---

Let’s say you have a neighbor who is a cat lady that collects Beanie Babies. She has one prized beanie called Roary the Lion, worth $5000 (according to the intellectual darkweb, where these things are traded). Unfortunately, she’s got some bills coming due this month and she doesn’t want to be forced to sell Roary. So you offer to borrow Roary from her for 3 months in exchange for $200. She’s happy, because she’ll get her doll back in a few months and she now has enough money to cover her bills. The second you walk home with the beanie, you go online and sell it to the highest bidder. You manage to get the asking price, $5000. Now fast forward 3 months. Suddenly Beanie Babies aren’t worth as much as they used to be. You see a mint condition Roary the Lion for sale at only $100. You buy it, and give it to your neighbor. Done deal. It’s not the same doll your neighbor loaned you, but she can’t tell the difference. So during this whole process, you’ve only shelled out $300 and you’ve made $5000, for a total profit of $4700. Your neighbor would have lost the value of Roary anyway because of the market crash, but at least she got to use that $200 to pay her bills. This is shorting...


This brings us to another aspect of shorting that is a bit more interesting (and explains why it’s so dangerous). Let’s say you borrowed a bunch of Tesla shares at $400 and immediately sold them because you expected the price to fall soon. But instead of falling, the price starts to climb. You are contractually obligated to buy these shares back before a set date, so you are sweating bullets. The higher the price goes, the less sleep you get. The only way for you to cut your losses is to buy the shares back immediately. But if you’re stubborn, you won’t do this. Surely the market will realize Tesla are liars, right? There’s no way electric cars are really that popular. If you went long Tesla (just buying and holding shares), your potential losses are limited to what you invested. So there’s a cap. But when you short, you could lose far more than 100%. Remember that you only paid a small fee to borrow the shares, you didn’t actually buy them. To close your short position, you have to buy the shares back, and that adds to the existing demand for the stock, which drives its price even higher. It’s like an insidious trap that clamps down harder on your foot the more you struggle. This is called a “short squeeze.” It can create a cascading effect where one unfortunate short buys back shares, forcing the price higher, which destroys another short above him, forcing the price even higher, destroying another short above him, and so on.

---

Quote:

---

Originally posted by SIGNYM:
AN EXPLANATION OF "SHORTING"
This is called a “short squeeze.”

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
Shorting shouldn't even be a thing.

It's pure gambling.


The only reason the market should exist if it wasn't designed to be a legal world-wide casino is for people to invest in something they believe has potential, and to get a piece of the action if they were right about it.

When you can also conversely make wagers on which companies will fail, which is quite a destructive practice in and of itself, you've just turned the entire market into a riverboat.


--------------------------------------------------

A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

---

Quote:

---

Originally posted by SIGNYM:

Hedge funds apparently shorted more shares than even existed.

It's called "rehypothecation".

---

Quote:

---

Originally posted by second:
If you are worried that the stock market is a casino, either buy stock directly or buy a mutual fund that charges NO trading commissions when you buy or sell, then hold either for at least a year so that a sell will be taxed as long-term capital gains. The stock market would still be a gamble, but it is not a casino if you wait a year to cash in your chips; it's an "investment".

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by second:
If you are worried that the stock market is a casino, either buy stock directly or buy a mutual fund that charges NO trading commissions when you buy or sell, then hold either for at least a year so that a sell will be taxed as long-term capital gains. The stock market would still be a gamble, but it is not a casino if you wait a year to cash in your chips; it's an "investment".

---

Bullshit.

That's just called playing a game of roulette where the wheel doesn't stop spinning for a full year.

---

Quote:

---

Originally posted by reaverfan:
No one gives a fuck what a Russian troll has to say. Eat shit, then kill yourself.

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
That.

Or just don't gamble money you can't afford to lose in a game that's 100% rigged against you.

---

Quote:

---

Originally posted by 6IXSTRINGJACK:

P.S. Look at Second defending Wall Street.

Piece of shit.

---