What happened with GameStop and why is SEC called to take action?

[betapilli]

Tried to read about it but doesn't seem anything wrong on the part of the reddit group. This happens all the time when elites do it, what's wrong if common man does that same? 

[DummyVariable]

Was it done by WSB only?

[X] Doubt

[hunkyfunky]

13 minutes ago, DummyVariable said:

Was it done by WSB only?

[X] Doubt

No, 80% is owned by institutions .... Out of remaining 20% , 15 % play by other hedge funds.. They just blamed reddit. 

 

[dasara_bullodu1]

19 minutes ago, betapilli said:

Tried to read about it but doesn't seem anything wrong on the part of the reddit group. This happens all the time when elites do it, what's wrong if common man does that same? 

wsb took market for granted and ridiculed innocent investors to fight against few hedge funds ...

market is bigger than simple cat fights

hedge funds are going no where ...

[betapilli]

25 minutes ago, dasara_bullodu1 said:

wsb took market for granted and ridiculed innocent investors to fight against few hedge funds ...

market is bigger than simple cat fights

hedge funds are going no where ...

Why shouldn't they take market for granted?

[VictoryTDP]

4 minutes ago, betapilli said:

Why shouldn't they take market for granted?

Market is God.

[betapilli]

Just now, VictoryTDP said:

Market is God.

They won't be in trouble though. 

[sri_india]

hedge funds and shorting sucks ....

[betapilli]

4 minutes ago, sri_india said:

hedge funds and shorting sucks ....

Is that illegal? SEC doesn't go behind other people who do this. 

[sri_india]

25 minutes ago, betapilli said:

Is that illegal? SEC doesn't go behind other people who do this. 

no , what headgfunds do is no illegal , even what Reddit group did also not illegal .....

[Thokkalee]

 

[sri_india]

see here , I posted sometime back  about this 

 

 

[Naaperushiva]

Follow this tweet chain...innalu hedge funds chesina dhaanni bunch of retailers oka group(reddit) gaa form ayyi vallaki against gaa chesaaru...anthey...

 

[dasara_bullodu1]

1 hour ago, betapilli said:

Why shouldn't they take market for granted?

because market is not akshaya patra... if two groups go for war rest of the market will lose

they are doing the same accusation towards hedge funds ... if hedge funds are culprits and get some kind of punishment, wsb should also get the same treatment...

and investors who lost will now be aware of both sides from now