You've reminded me of a friend of mine who reached the point in his life where he was going to furnish his home with new furniture. He boasted how he was only going to buy American and wasn't going to be like everyone else favoring stuff from elsewhere. After one day of furniture shopping exclusively American, he said he couldn't justify spending so much just to buy American. And I was dumbfounded. Like he honestly believed people weren't buying American-made because they actually favored stuff from China. The thought it was a cost issue never crossed his mind until he had to spend his own money.
That's a fair interpretation. Admittedly I've known him long enough that I'm familiar with these experiences of his, so I didn't probe too much into this exact event and what he thought everyone else was doing.
He also at one point pursued a diet in which he'd eat vegan as long as it was the best option available. And it was just like ... that's almost what literally everyone else does? He seemed to believe most people just ignored certain menu options by default, versus ordering the item that seemed most appealing to them. He thought people looked at a menu and thought "oh, that eggplant vegetable medley sounds amazing! Drat, it doesn't have chicken, guess I'll just get the cheeseburger."
mm hmm. yup. also "justifying" an expense is one of those words i am very skeptical of. you can either afford it, or you can't. fwiw i didn't get the matching fridge, because i couldn't afford both (this was cash out of pocket, not some insane mortgage refi/heloc).
it came down to a choice and the range was more important to me. i did get the awesome matching vent hood though... and learned a lot about sheet metal ducting work because the installers botched that with a half-ass rush job. i got a refund on the install fee.
protip: never schedule installs on a friday afternoon.
"but not guarantee" is almost the entire point of what folks are pointing out and what the OP meant - you could do literally everything perfect and still it's VERY likely you will fail.
You hit the nail on the head that it's way too much work when there's not even a contingent offer on the table. A real buyout would come in with either a stated sum, or a methodology for how that sum will be calculated.
Why is publicly saying "hey, a few companies are selling shorts of gamestop and trying to drive it into the ground, I think that's bullshit. If you think it's bullshit, too, here's how you could do something about it." such a questionable thing to say and do?
Do you also want cancer charities to stop asking for donations? Should start up founders not be allowed to ask for investor money?
I could totally see the market manipulation argument if this was done in backrooms, with multiple accounts to hide the moves, several shell corporations holding the funds, etc. But these folks are publicly declaring their intent. And the first person to uncover the gamestop shorts has been saying it for over a year. Out in the open with frequent updates.
The short sellers have had a year to get out and leave the company alone, but they were so obsessed with watching a company die that people got pissed and wanted some blood.
The chain of events doesn't start with "we buy a lot and blah blah blah" - the chain of events starts with someone declaring over a year ago "fuck these guys for going all in on destroying a quality company for no reason other than the lulz."
I think the fact this discussion is so back-and-forth, with nobody being absolutely confident that this behaviour either is or is not market manipulation is interesting. To me, it points out that either a) nobody in these conversations knows anything or b) the laws themselves are inadequately described.
Surely a large group of people getting together and saying "GME is way too shorted, buy buy buy and don't sell until $5k" should either be absolutely definitely market manipulation, or absolutely definitely not?
Is it that the laws are inadequately described, or just not really enforced? Most of the arguments for it not being market manipulation are just pointing to other obvious market manipulation that was never policed. If this was two hedge funds going after each other would anyone care?
> Do you also want cancer charities to stop asking for donations?
I'm going to assume this wasn't your point, but come on. Don't compare the current actions WSB and others are taking right now to curing cancer.
> Should start up founders not be allowed to ask for investor money?
Startup founders are already not allowed to ask for investor money buy posting on reddit or buying social media ads.
> with multiple accounts to hide the moves, ... these folks are publicly declaring their intent
I don't think anyone has fully look in to what accounts have been pushing things, and at this scale it will be incredibly difficult to do.
> Out in the open with frequent updates.
Just to be clear, I have absolutely no issue with anything DFV (who I assume you're referring to) has done in this situation. But DFV is not the entirety of "retail" that could have crossed a line here.
> "fuck these guys for going all in on destroying a quality company for no reason other than the lulz."
I reread the post and I kind of changed my mind on this particular post - it's very careful to stay within the bounds. But there are many others that are over it.
An internet forum can be both full of rumors, and used for a conspiracy. I imagine people planning the US capital riots also posted a lot of rumors and memes.
That statement is just advisory for investors to 'be cautious'.
Off the top of my head I recall etrade, fidelity, schwab, and TD ameritrade allowed people to buy GME. I understand being able to buy on margin has been restricted almost everywhere, though.
Eh, don't side with cops. They have no legal obligation to do anything. They know this. So they pick their battles where they know they can kill a few people and get away with it. When it comes to actually having a chance at saving lives, they run away and hide, and get rewarded for it.
See the recent-ish school shooting in Florida where the on-duty cop ran away like a baby and let children die. Brian Miller. Still has his job. No one gives a shit.
Cops in the US are cowards who don't deserve to arm with a super soaker.
Cops just have qualified immunity and have shown they throw hissy fit little tantrums if a DA holds them responsible for being the worthless sacks of shit that they are.
I agree that good cops do exist. Show me a cop that, for example, wants justice for Breonna Taylor, and I'll agree they're one of the good ones. But without being able to clear what is actually a very low bar for belief in American ideals and the rule of law, most of them are part of a criminal conspiracy.
Yeah, I bet if someone came over and beat the shit out of you for only an hour a day, you'd be correcting people that the person is only sometimes an asshole.
