ST Alpha - "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" (Reading a Post)

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In response to "NONE of this is being done to protect the "naive retail investors being taken advantage of". That's a cover story excuse -- nm" by ty97

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

Posted by Will Hunting (aka JoeMetz) Jan 28 '21, 08:36

You destroy confidence in the market, you damage overall investment psychology. These keyboard anarchists want to fuck with the system and don’t realize / care that they could destroy far more than the few billion dollars re-allocated from hedge funds temporarily.

So far today, GameStop was down to 126... 18billion in market cap gone. The last people in are going to get crushed. The smart folk are going to mitigate the damage.

So, in the end, the smart win, the dumb lose, and the system is shakier.

Responses:

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

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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

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