Personal Finance and Investing

jorgevlorgan

(11,098 posts)

11. Why do you need evidence that companies act in their self interest to legally manipulate currency?

Fri Jan 29, 2021, 08:10 PM

Jan 2021

They do enough illegal activity to manipulate currency but it is somehow far fetched to imagine that this is common practice among people who own millions of dollars in shares of specific companies?

The difference iss that with the wealthy,one person can manipulate an entire stocks price through a single trade. Whereas in this case, a group of people did it. But the latter is somehow worse than. The former?

Also you seem unable to justify why using other people's money to engage in high risk options trading and shirt ng of penny stocks is okay, but getting people together to buy a specific stock is not? The burden of prof here isn't on me. It is on the person trying to demonize large groups of people for participating the stock market, while ignoring the brazenly irresponsible actions of wealthy hedge fund managers, insurance companies and executives.

Why is it suddenly okay for wealthy people to essentially gamble with other peoples' money through options trading and shorting, but not okay for a group of investors to purchase the same stock?

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Robinghood is playing more games today [View all] RainCaster Jan 2021 OP

You have it backwards. Reddit users are manipulating the market. Hedge funds are reacting Bernardo de La Paz Jan 2021 #1

So hedge fund managers are allowed to short sale stocks and manipulate the price, and screw jorgevlorgan Jan 2021 #2

It's far from that simple. Selling stock, even short selling, does not "manipulate price" Bernardo de La Paz Jan 2021 #5

Traders coordinate with each other every day. jorgevlorgan Jan 2021 #6

Please point to credible evidence that this is as commonplace as you say. . . . nt Bernardo de La Paz Jan 2021 #8

It is common place enough that the SEC has had tons of cases where jorgevlorgan Jan 2021 #9

Insider trading in an illegal way is much rarer than you portray. And you keep making sweeping state Bernardo de La Paz Jan 2021 #10

Why do you need evidence that companies act in their self interest to legally manipulate currency? jorgevlorgan Jan 2021 #11

Why did we need evidence of "widespread election fraud"? We asked & none given. Nothing here either. Bernardo de La Paz Jan 2021 #12

You are justifying immorality and greed. jorgevlorgan Jan 2021 #13

Nope. Not justifying immorality. When you are greed free, announce it here on DU. . . nt Bernardo de La Paz Jan 2021 #16

Sure. That being said neither group here is worse than the other. jorgevlorgan Jan 2021 #19

Stocks at artificially high positions SHOULD be shorted. Ultimately makes the adjustment easier. Bernardo de La Paz Jan 2021 #20

You just described how these hedge fund managers manipulate the prices jorgevlorgan Jan 2021 #21

Nope. That is not "manipulation", same as buying it up to high prices is not manipulation Bernardo de La Paz Jan 2021 #24

Except most people are keeping the stock which is why the price jorgevlorgan Jan 2021 #26

That's the problem. Most people who bought into the mania are holding and will be hurt Bernardo de La Paz Jan 2021 #28

We will have to see if that happens before drawing conclusions jorgevlorgan Jan 2021 #29

I also want to add that the redditors driving the prices up are not -as far as I know, planning any jorgevlorgan Jan 2021 #30

Can you please explain how you think a stock is sold short? A HERETIC I AM Jan 2021 #33

Penny stocks are defined as anything under 5 dollars. jorgevlorgan Jan 2021 #34

I am not trying to be condescending, I am trying to understand you A HERETIC I AM Jan 2021 #35

You are correct, by the way.... A HERETIC I AM Jan 2021 #36

Stocks not enough. Now you make sweeping allegations about currency manipulation. Bernardo de La Paz Jan 2021 #14

Now you are just stretching. jorgevlorgan Jan 2021 #15

I'm not stretching. Been pointing out YOUR stretches. Been asking for evidence, unsuccessfully. . nt Bernardo de La Paz Jan 2021 #17

Failing miserably jorgevlorgan Jan 2021 #18

Can't prove it, but I believe Trump manipulated markets with KPN Jan 2021 #32

Yes, could be. A couple suspicious aspects to his moves Bernardo de La Paz Jan 2021 #37

Our retirement accounts were essentially flat performance-wise KPN Jan 2021 #38

Yeah. Someone is going to take the fall from all of this for sure, and it probably won't be the KPN Jan 2021 #3

Options trading adds liquidity to a market. Wheat and hog farmers use them to reduce their risks, Bernardo de La Paz Jan 2021 #4

Options trading has always been considered a high risk investiment jorgevlorgan Jan 2021 #7

If you think it is ALWAYS high risk, you don't understand it. Further it is often in combination Bernardo de La Paz Jan 2021 #22

General common sense suggests that all options trading, shorting, etc needs jorgevlorgan Jan 2021 #23

If caution is required that does not make it evil. . . . nt Bernardo de La Paz Jan 2021 #25

Right. It makes it risky. jorgevlorgan Jan 2021 #27

Options are to easy to be and get abused all the time ... KPN Jan 2021 #31