Lurker > WingsOfGood

We will see. I don't think E-Trade is even going to kick him off. And if they do that is more terms of service junk than SEC violation.
Really doubt we will see that because he didn't actually do anything but yes that is my opinion but also pretty self evident.

They probably just doing the whole scary news cycle to try to manipulate the market themselves like they do all the time.

also fyi

timestamp 2 mins in

Gabriel Plotkin admits GME rally exploited the short interest

it wasn't just random bullshit investing

Plotkin is the CEO of Melvin

and hearing requires telling the truth

https://www.youtube.com/watch?v=orMxmQyy_tA

Kuuko posted...

I'm having trouble following your train of thought but yes, hypothetically if the SEC does not think Gill is market manipulating then probably he isn't market manipulating. If the SEC does think Gill is market manipulating then probably Gill is market manipulating.

Not sure why that hard to follow but we will see if the SEC does anything.

Kuuko posted...

I don't know if this is a sentence and I don't know why you're responding to every sentence of my one post in separate posts. But to respond to what I think you're trying to ask - if Gill does, or did, indeed profit tens of millions off the backs of the dumb religious apes who rallied in after his tweets then hopefully he does get punished for fucking over retail investors. If he didn't dump on them then honestly he'll probably get away with it.

No I am saying you believe the SEC approves Buffet buying Chubb stock means it wasn't motivated by "it knew a bunch of idiots would drive the price up after them."

Therefore if SEC does not pursue Gill here, would you concede then the same for Gill? You should. If you are fair.

Kuuko posted...

The SEC

so they do nothing to Gill you concede?

Kuuko posted...

Why did Gill load up on positions a week BEFORE his tweet-storm? Do you think he didn't know irrational apes would drive his position upward? Why do you even think Gill is even one of you guys, since you are evidently in the ape ecosystem, given that he doesn't seem to believe in any of the diamond hand DRS evil Citadel infinity pool nonsense? If he did he wouldn't be trading on e-trade of all platforms with a position he entered into a month ago.

Reports are saying it is his position from 3 years ago

but let's assume it is not

easy answer, this is literally the price more or less GME was when he bought in to begin with at like $20

Kuuko posted...

Berkshire Hathaway did not buy Chubb stock just because it knew a bunch of idiots would drive the price up after them.

Says who

Voidgolem posted...

logically there shouldn't be a stock exchange at all. It only seems to encourage antibehaviors when it comes to having a functional business.

but people might be upset at that suggestion

that is fair

Kuuko posted...

He wasn't manipulating the stock in 2021 because in his own words he didn't realize the frenzy it would turn into when he started buying it. The religion came afterward. And in fact in large part the religion came after he went silent. The weird things you're repeating about evil short hedge funds funny enough are things that had nothing to do with Gill. He was proclaimed the gamestop messiah because he was proselytizing his heavy investment into gamestop on wsb under a totally unrelated thesis. He thought that gamestop was undervalued due to the revenue it would capture in the new console generation, which was wrong. But he made millions anyway because a cult incidentally formed around the stock and drove the prize bananas.

Let me ask you this.

Warren Buffet buys 2 million shares in some random company. Later this is revealed.

The stock goes up.

Is this manipulation? Why or why not? If you choose to never return to this thread and leave this question unanswered I understand.

[LFAQs-redacted-quote]


oh yea forgot about that law

then I suppose Gill is a felon criminal scum then

ssb_yunglink2 posted...

Yeah trading is very much gambling. People will deny it but stuff like this shows that the market will just explode for no reason on a whim

maybe that is why GME makes some people so illogical and upset

because they like to think there is order to it all and not just mindless drones following Warren Buffet around pumping whatever the fuck he buys

but then they see other people who aren't even famous can have some impact and their mind rejects it

"No! It can't be! My life savings is tied up in this make it make sense!"

but the real part is there is a logical basis to it all just not the one they want to hear

it isn't about company fundamentals but just literal more bs scarcity capitalism

Voidgolem posted...

I feel like

your words betray you here you are speaking from emotions and vibes not logic

Kuuko posted...

I mean, according to e-trade, he objectively bought gamestop at low prices, then pumped the price of the stock up a week later with his return to Twitter. I don't know why you guys are being so defensive about it. He's up tens of millions now on paper, as seen by his screenshot this morning. Which itself caused another run-up.

The price already lost half its early morning pump by end of day today so for all we know he did lock in millions of gains. If he doesn't lock in any gains now and holds it as it falls back to below his pre-twitter pump then it's only slightly shady making paper millions instead of unscrupulously shady locking in solid millions. Either way that's the explanation on why e-trade is freaked out.

You claim to know how the stock market works yet you are saying the most basic action of all is market manipulation.

Do you not know that most boomers just follow around whatever Warren Buffet does. He buys a stock, so do they.
OMG MARKET MANIPULATION!?!?!??

No one ever fucking said that.
https://www.fool.com/investing/2024/05/20/warren-buffett-mystery-stock-far-bigger-surprise/

Investors pay close attention to what the "Oracle of Omaha" is saying because mirroring his investments has been a moneymaking strategy for decades. Thankfully, there's an easy way to follow in Buffett's footsteps.

Like this is the biggest trope in stocks

Now to further think logically here, DFV hasn't done anything different today than he did 3 years ago.
Again he came before congress and said "I ain't manipulating no stocks"
You think if he truly was they just let him go?

Unknown5uspect posted...

He's totally gonna dump and then it'll be a pump and dump and that one guy will be right! Or something Idfk. This all sounds like absolute bullshit.
Guy bought in cause he expected a bump with the new console gen and he's just been riding it ever since.

exactly, idk why users would love to sound like paid mouthpiece for a literal hedge fund when just thinking about the situation for a minute completely dispells the bs they are about to say

reminder of when this dude went before congress

https://www.youtube.com/watch?v=ukXQGBpXaVM

also you realize there was a fucking congressional hearing

if he had even a teeny

teeenny

teeeeny look of "market manipulation"

they would have crucified him and done so 3 fuckign years ago lol

https://www.cnbc.com/2024/06/03/roaring-kitty-post-seems-to-show-trader-held-onto-giant-gamestop-stake-after-mondays-rally.html

Roaring Kitty post seems to show trader held onto giant GameStop stake after Mondays rally

Guys it is a pump and DUMP!
wait there was no dump I DON'T CARE I WANT TO CALL IT THAT.

no

Kuuko posted...

I mean, it's looking like he's profited millions running a pump and dump scheme that takes advantage of retail gamestop investors.

Looking at the articles, it sounds like e-trade knows he bought a bunch of gamestop options just before he went on the twitter craze last month - which was responsible for pumping the stock up over 200%. Because apes have formed a messianic cult around this man over the 3 years since he stopped posting, and his return stirred a frenzy of buying amongst them. His screenshots this morning show how much money he made off of it. The weird part is they (and it sounds like you OP) are praising him for doing this - rather than considering that the money he just made was off of retail investors who just pumped up his pre-existing position.

It is the literal definition of market manipulation and I guess that's why e-trade isn't happy - except he has some plausible deniability in that he was just tweeting random memes about a stock and surely couldn't have predicted the effect it would cause, and regulations probably aren't equipped to handle the situation that a full-blown religion has formed around a company's stock price.

Not even looking like it a teeny bit.

I would hope you know the definition of market manipulation?

Also, they wouldn't kick him off if that was the case but pursue something legal.

https://www.investopedia.com/terms/m/manipulation.asp

Market manipulation is conduct designed to deceive investors by controlling or artificially affecting the price of securities.1
U.S. Securities and Exchange Commission. "Market Manipulations and Case Studies," Page 4. Accessed Feb. 18, 2022.
Manipulation is illegal in most cases, but it can be difficult for regulators and other authorities to detect and prove. Market manipulation may involve factually false statements as well, but it always seeks to influence prices in order to mislead other market participants.

Also pump and dump defined here implies a sell off. If DFV keeps his "heavy bags" how would they indict? "he pumped but..kept" ya a Judge would laugh
It is even looking like he may never have sold in these 3 years but not sure about that.

infact one thing to keep in mind when you hear "GME sucks think of the fundamentals!" where did that info come from?
80% of the time it came from a Hedge Fund that is shorting the stock and has a vested financial interest in you believing that is true

that is just to prove a point at how freely they can shit on the stock and you got Jim Kramer doing it almost everyday for the past 3 years

Basically a hedge fund can heavily short a stock then go on NBC and tell everyone it sucks which is a self fulfilling prophecy. Stock might not infact suck but they get to say it does and dudes watching the news believe it.

But a regular dude says he likes the stock and buys it and they want to kick him off their trading platform.

https://gamefaqs.gamespot.com/a/forum/0/03716dbe.jpg

Surely these exchanges aren't hiding anything

https://gamefaqs.gamespot.com/a/forum/1/1f1ebb59.jpg

https://www.youtube.com/watch?v=LqP5cXGESgk

DipDipDiver posted...

Now we get to listen to MAGAs argue in favor of opening up the border

:D

:D

Sandalorn posted...

Ummm...The Republican Party actually wants this to happen so not really.

Guess the a.i. piecing together the infos for marketwatch didn't get the memo

Elon unironically could have saved gamefaqs by buying fandom

their crime is TREASON THEN for not kissing his feet

darkace77450 posted...

Is that the same Alabama in which multiple minors were illegally working in a poultry plant?

pretty sure there is only one Alabama

wackyteen posted...

wait a second, I thought the red states wanted child labor. That's what those rolling back of labor protections was about, no?

????

PoopPotato posted...

The "+4.74%" made me giggle.

article was made by an a.i. >.>

reminder the rich are so greedy they want your children's childhood to line their profits

https://www.marketwatch.com/story/a-13-year-old-girl-worked-60-hours-a-week-making-car-parts-for-hyundai-in-alabama-labor-department-says-94c2932d

Instead of going to school, a 13-year-old girl in Alabama spent up to 60 hours a week working in a factory, punching out sheet-metal parts for cars produced by Hyundai Motor Co. 005380, +4.74%, according to a lawsuit filed by the U.S. Department of Labor.

The girl who was employed at a factory in the city of Luverne that manufactures parts for the South Korean car giant was one of several underage workers toiling there in violation of child-labor laws, the lawsuit said.

A 13-year-old working on an assembly line in the United States of America shocks the conscience, said Jessica Looman, the administrator of the departments wage and hour division. As we work to stop illegal child labor where we find it, we also continue to ensure that all employers are held accountable for violating the law.

The civil suit, filed in federal court in Montgomery, Ala., seeks an injunction barring the companys Alabama subsidiary, Hyundai Motor Manufacturing Alabama LLC; a firm called Smart Alabama LLC, which operated the plant; and a labor-recruitment firm, Best Practice Service, from continuing to use child labor. It also seeks an order from the court for the companies to surrender any profits made from cars that were manufactured using child labor.

Consumers throughout the United States unknowingly purchased automobiles that were manufactured with oppressive child labor. Defendants profited by these sales, and financial transactions related to the same, and continue to retain those profits today, the suit read.
The use of child labor at the Alabama factory was first uncovered in a report by Reuters in 2022.
In a statement, Hyundai said the use of child labor was not consistent with the standards and values we hold ourselves to as a company, but that it intended to defend itself in court.

We worked over many months to thoroughly investigate this issue and took immediate and extensive remedial measures. We presented all of this information to the U.S. Department of Labor in an effort to resolve the matter, even while detailing the reasons why no legal basis existed to impose liability under the circumstances. Unfortunately, the Labor Department is seeking to apply an unprecedented legal theory that would unfairly hold Hyundai accountable for the actions of its suppliers and set a concerning precedent for other automotive companies and manufacturers. We are reviewing the new lawsuit and intend to vigorously defend the company, the statement read.
Representatives for Smart Alabama, which until last year was a subsidiary of Hyundai, and for Best Practice Service, couldnt immediately be reached.

In a letter to shareholders last year announcing that the company would be divesting its interest in Smart Alabama, Hyundai President Jay Chang said Hyundai had been misled by the company that provided the laborers, but that it still took responsibility.

The use of underage labor at a supplier or any operation is unacceptable, and we are committed to making sure noncompliance never happens again. This is a zero-tolerance issue, Chang wrote.
Even though there were issues with third-party staffing agencies that provided false documentation to these suppliers, ultimately, the responsibility is with Hyundai to make sure all our suppliers understand and meet our high global workforce standards.

that is funny

CRON posted...

Why don't a lot of these people just sell their stocks? If I was sitting on $250M I wouldn't waste a second trying to make sure I had that in my bank account.

He probably did. Fyi they had a stock split so he would have 4x the stock today he had in 2020 if he never sold any.

Were_Wyrm posted...

The old pump and dump

Thought that happened 3 years ago?

Oh wait I mean 2 weeks ago?

What now?

ClayGuida posted...

He didn't figure anything out. He went all in, then got others to follow and it got hedge funds to vet against them. He thought gamestop was a viable brand, not a meme stock to exploit hedge funds.

Dude bought like a few thousand shares at $15, then it dropped to like $5 or less, then he doubled down, then when others started hopping on board, he got it to shoot up, then more and more.

He didn't single handedly tip the market, but his videos and developing a following on reddit sure as shit helped.

Incorrect. When he got his millions he figured out it was factually overshorted.

bigblu89 posted...

So, yest, they all are PoS. At least the characters on Seinfeld readily admit that they're PoS. It was the point of the show. Larry David himself said the point was that none of them never learn anything from their shortcomings.

And there was payoff

VeggetaX posted...

It's weird that only Friends gets this attack. No other show gets this same treatment.

Makes you think

Most things stay dead lmao

Hmm pic in op looks familiar where have I seen it

Call him a scrub who will never leave Bronze

Bugs have feelings

Twisted Metal

WingsOfGood posted...

Killer Klowns from Outer Space

Have you seen this though?

Killer Klowns from Outer Space

Dune 80s version

2001 A Space Odyssey

Kid got home from school. Nothing to do. Nothing on but Friends. Kid watched Friends. Over time thought it was good.

Happens

AceMos posted...

it still tries to make ppl feel sad or happy and go dawww ect

Particularly with an audible cue of people literally going daaaaaaw

The Little Mermaid

Ricemills posted...

Comedies stopped being funny when you take them seriously, who would've thought?

Not Kevin James' hit the King of Queens