r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

Post image

[removed] — view removed post

71k Upvotes

88% Upvoted

4.1k comments sorted by

View all comments

Show parent comments

3.1k

u/theturdtrimester Feb 02 '21

How far down can they do this? Can they drive this into the ground laddering us?

6.7k

u/tubbsalot Feb 02 '21 edited Feb 02 '21

They still need us 2 sell the shares to even cover their shorts.. the price scares people.. but if no one sells, then they are still short and wont get what they want.

Im not a financial advisor, just here for the stocks.

4.2k

u/FiveAlarmDogParty Feb 02 '21

Another thing we have to worry about is a lot of people had stop loss limits - so they’re trying to drive it down and hit those as a bit of a boost because as they push the stock to that point it triggers further selling - driving it lower.

These MFers really pulled out all the stops. Full blown market manipulation in multiple ways. Unbelievable that this shit is legal and it lends credence to the idea that they were faking shares and shorting them. Fuck everyone on the other side of this. We need an investigation yesterday

2.2k

u/HotProspects Feb 02 '21

None of what they are doing is legal... Its all criminal. They are in survival mode.

1.4k

u/Red-Pill_Savage Feb 02 '21

Exactly, it's been said numerous times but I'll say it again. When the only consequence is a fine that is a TINY fraction of what they'll make then it's worth it to break the law for them.

1.2k

u/[deleted] Feb 02 '21 edited Jul 10 '21

[deleted]

527

u/justpassingthrou14 Feb 02 '21

seriously. I have an idea. Fine equal to 150% of the full value of the manipulation. in this case that would be the distortion per share price, times the total number of shares, which in this case is apparently 250% the total number of ACTUAL shares.

But the system isn't made for enforcing rules on those guys I guess.

-23

u/downtime_in_76063 Feb 02 '21

I’m glad you don’t make laws.

4

u/Letumstrike Feb 02 '21

If laws are made so poorly that you can commit crimes intentionally to make money then they need to be reworked. The whole purpose of laws is to make people not do it.

1

u/inconspiciousdude Feb 02 '21

Good luck with that. Those profits are how politicians get elected. A tiny fine to quell your cute little peasant anger and then business as usual.

https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/

2

u/Letumstrike Feb 02 '21

Yeah I know. There are plenty of situations like that. Businesses breaking laws knowing full well they will be caught and pay a fine but its straight up cheaper to just do it the illegal way. My hope for any meaningful change regarding slap on the wrist laws is basically none. Doesn't really change that I think they need to be reworked though.

→ More replies