Non-motoring > Gamestop Computing Issues
Thread Author: No FM2R Replies: 5
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New Tue 2 Feb 21 18:22 
 Gamestop - No FM2R
GameStop: Real Wolf of Wall Street warns 'you could lose it all'

www.bbc.com/news/business-55902680

The irony is that they started this to try to beat the short sellers. Since it is now so artificially high and will shortly crash, then people are shorting the s*** out of it and likely to make a great deal of money whereas the holier than thou, "give it to the man" people are just about to lose their a***.
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New Tue 2 Feb 21 18:31 
 Gamestop - zippy
A spokesperson for a large equity type company in the USA was being interviewed. He suggested it was very likely that the investment firms had people monitoring and making comments on Reddit and the like. His firm certainly monitored many streams of social media.

If that is the case, one wonders how legal that activity is, i.e. cause such a huge bubble that when it pops the shares are worthless and the short sellers make even more money.

Of course proving it would be a different matter.
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New Tue 2 Feb 21 18:34 
 Gamestop - No FM2R
Market manipulation is most certainly an offence, at least under the charter that these companies work within. Consequently the burden of proof is lower than one might expect and the sanction is always that bit less than the company fears they might get if they argue the point.

Though monitoring the streams is nothing more than good business sense.
Last edited by: No FM2R on Tue 2 Feb 21 at 18:35
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New Tue 2 Feb 21 18:41 
 Gamestop - sooty123
Seems many of them wanted to stop artificial manipulation of the market by artificial manipulating the market.
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New Tue 2 Feb 21 18:45 
 Gamestop - No FM2R
Absolutely. In much the same way as others want to stop other people making a profit at it by making a profit at it themselves.

When will they learn. The share dealers do not care in which direction nor by how much share prices move, as long as they move.
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New Tue 2 Feb 21 19:35 
 Gamestop - Kevin
>..then people are shorting the s*** out of it and likely to make a great deal of money..

Probably including those who stirred this up in the first place.
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