LogFAQs > #949962742

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Stock Market General #4
Flaming_Fire619 01/26/21 11:03:13 PM #169:	CommunismFTW posted... Can you narrow that down for me? Bob buys ten shares tonight at $210. What happens to Bob on Friday? Can he literally just hit the "sell" button if there's a profit/increase and call it a night? Or is the stock going to collapse and be weeded in legal trouble and he's going to be out $210 x 10 no matter what he does? Realistically, I don't think anyone that's actually buying in right now is going to face legal action for buying in on GME. You can't really charge someone for something that wasn't illegal at the time. What this might end up doing is making the SEC look long and hard about both short selling and about potential coordinated efforts to screw over short selling. This sort of scenario is not viable in the long run, and could very easily hurt way more people than just the heavy hedge fund investors if enough common folk buy in and then are left holding the bill when the stock plummets (Because it will plummet, whenever WSB just decides it'll be fun to sell off) --- Not changing until Shelton Benjamin wins the WHC Started: Jan. 10. 2009 http://myanimelist.net/profile/fantheflames <cite>Flaming_Fire619 posted [p:949962742] in Stock Mark... [t:79261795]...</cite> <quote>CommunismFTW posted... </cite> <quote>Can you narrow that down for me? Bob buys ten shares tonight at $210. What happens to Bob on Friday? Can he literally just hit the "sell" button if there's a profit/increase and call it a night? Or is the stock going to collapse and be weeded in legal trouble and he's going to be out $210 x 10 no matter what he does?</quote> Realistically, I don't think anyone that's actually buying in right now is going to face legal action for buying in on GME. You can't really charge someone for something that wasn't illegal at the time. What this might end up doing is making the SEC look long and hard about both short selling and about potential coordinated efforts to screw over short selling. This sort of scenario is not viable in the long run, and could very easily hurt way more people than just the heavy hedge fund investors if enough common folk buy in and then are left holding the bill when the stock plummets (Because it will plummet, whenever WSB just decides it'll be fun to sell off) --- Not changing until Shelton Benjamin wins the WHC Started: Jan. 10. 2009 http://myanimelist.net/profile/fantheflames</quote> ... Copied to Clipboard!
Topic List	Page List: 1