ST Alpha - "Not really. -- (edited)" (Reading a Post)

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In response to "In which a Winkelvoss makes a good point -- (link)" by ty97

Not really. -- (edited)

Posted by znufrii Jan 28 '21, 08:23

It’s a false equivalence. A single sophisticated investor moving large amounts of money around to make even larger amounts of money has a substantially different risk profile than a gaggle of naive retail investors being taken advantage of, who stand to lose the shirts off their backs chasing a miracle. At some point the dealer is responsible for not cutting off the supply.

Responses:

NONE of this is being done to protect the "naive retail investors being taken advantage of". That's a cover story excuse -- nm - ty97 Jan 28, 08:31 12
- It’s all about protecting the market. If you can manipulate a stock price like this for the lulz, you destroy confidence in the market - Will Hunting Jan 28, 08:36 3
  - So we need a revamp to the market? Cause from the outside looking in, it seems the majority of stock prices and movement are not - JD Jan 28, 08:40 2
    - Noted. Call me a victim of general press coverage which would lean toward covering the flashy stocks and movement -- nm - JD Jan 28, 08:42
    - Majority would be stretching it, a lot. -- nm - Reagen Jan 28, 08:41
- I’m not saying it’s being done to protect them, it’s to protect against the risk they present to the market. -- nm* - znufrii Jan 28, 08:33 6
  - And what protections have they put in place to protect 'the market' from the 'professionals'. - ty97 Jan 28, 08:40 5
    - Start here -- (link) - znufrii Jan 28, 08:45 4
      - Great, now what has Robinhood, TDAmeritrade, etc done specifically, like they've done for GME retail buyers today -- nm - ty97 Jan 28, 08:53 2
        
        That’s entirely the wrong question to ask. -- (edited) - znufrii Jan 28, 08:58 1
        
        More broadly, I would make an important distinction (apologies to any experts reading this if I don’t use more exact terminology) -- (edited) - znufrii Jan 28, 09:16
      - And here -- (link) - znufrii Jan 28, 08:46
- Right. -- nm - David Jan 28, 08:33

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Not really. -- (edited)

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