Except the stock market is only a casino if traders choose to treat it like one. In this case, the short sellers had a view that was defensible and not insane, specifically “We think Gamestop’s long term prospects are not great!” That was by no means a certainty (if it was, the stock price would have already gone to…

And there has already been one sudden dump on Monday where it doubled in price and then immediately crashed back down in the space of a couple of hours.

Of course, the problem with GME has absolutely nothing to do with HFT. And indeed, there’s probably not a legal problem with GME. The short positions were fine, and the biggest names in the trade had held them for quite some time. It’s also totally legal and not HFT for a group of morons to collectively decide to…

Are you saying this sarcastically or are you unaware that this is in fact exactly how it already works?

Yes, the SEC will investigate, but the threads on that subreddit are no more evidence than simply looking at a chart of the price since Friday. They indicate a highly unusual set of choices to buy a stock. That is not illegal.

So, yeah, about that, what’s about to happen is that different hedge funders are already piling in to the short trade at a higher price, and when people lose interest in the stock and the only folks buying it are people who are going to reconnect it to some sort of relationship with the fundamentals, which may be at a…

No, it’s not. What you posted and what’s was in the subreddit is nothing of the sort LOL. Look at the picture you posted. All it says is a dude bought in at X and now has Y, and he realized some gains along the way. It’s not illegal to sell stock you bought for a gain, and it’s really hard to argue that he’s “pumping…

The ritual also involved an imaginary drug called adrenochrome, a psychedelic which conspiracy theorists believe the “global elites” use for satanic rituals.

No, the SEC distinctly defines market manipulation as low as “intentional interference with free forces”

It is absolutely not illegal to buy or sell stock strictly to screw over other people. Where it becomes illegal is if you were also doing so in order to move the price to then blow everything up.

Respectfully, this isn’t really the case here.

That doesn’t make it a coordinated pump and dump. For the SEC to go after people for “pump and dump” style market manipulation, they typically look for something to hang their hat on that states the actual plan was to dump the stock after the price runs up.

With enough small traders rallied to its cause, WallStreetBets can create its own stock market reality, at least for a little while

Naw. That subreddit’s been around for a long time doing it’s very Kramer-esque thing. I’m pretty sure there are as many misses as hits in there.

Maybe it’s being born and raised in the Deep South and then living in a non-progressive part of Texas, but I guess I always figured it was going to be as bad as it wound up being.

But these moments weren’t actually entertaining; they were outlandish and terrifying.

My kid’s been doing virtual kindergarten. Honestly the whole thing is a travesty, not because he’s not learning, he is, but because he has a great teacher and cool classmates and I wish they could be together because I know my kid would be doing a lot better.

I mean, Rubio didn’t join in the objection to the election, whereas I assume Ivanka would.  That might be the only difference at the margin between them.

That’s cute and all, but if she wins the primary against a guy like Rubio in Florida, she’ll win the seat.

Captain Toad is way gutsier than Mario.  Mario can jump around and is generally way more mobile than his enemies.  In Treasure Tracker, you have to be crafty just to not die, let alone to complete all of your objectives in each level.