palpitus wrote:
Two days ago for first time ever I signed up for "e-trade". I'm nearly 50 years old and have always wanted to own at least a couple stocks. Be a big shot. And I have almost no idea what a stock is. But there seems to be an amazing thing last couple days where random commoners could make money.
Anyone get in on the GME stock party?
I'm not sure where to come down on this. It's pretty cool that a reddit group of average joe gamers was able to get the best of the big brokers. But it is market manipulation. However, imo, short-selling is also manipulation of the market.
I do think it was pretty crummy for Robinhood to halt sales of the stock when it became clear that it was costing Wall Street.
Smash needs to be summoned to tell how one should feel about this.