Interview link on streamable

8 minute interview, seems longer because he is a slow talker

Pretty sure he is blatantly admitting to market manipulation here, but we'll see if the SEC does anything about it.

"People who take advantage of our extremely risky bets should be prosecuted" - old rich guy

Nobody made them overextend on one of the riskiest things you can do in the market.

So much for me moving anything to IBKR

What is up with all these old crooked bankers? They seem like they all say the same thing and know all the same people? /sarc

If short positions are publicly available information (which they are), there is NOTHING illegal about investing based on that information.

A Reddit channel pumping a stock is no different than Mad Money saying "BUY BUY BUY".

The example made from all this will likely not be the big guy, it will be the small guy - unless they have a great lawyer.

The quote below is taken from the article linked below. There are many articles like this setting the tone/narrative.

Quote:

---

Expect the Securities and Exchange Commission, which announced it is monitoring the markets, to ferret out unsavory ringleaders at these platforms and apps.

---

https://www.marketwatch.com/story/that-shoeshine-boy-with-stock-tips-is-now-on-reddit-and-robinhood-and-this-bubble-will-burst-like-all-the-others-11611913095?mod=mw_latestnews

MarketWatch is about as liberal as they come, but the site is useful as its easy to navigate for information.

They're no more illegal than shorting a stock. Panic sell off is not illegal. Short squeeze is just panic buying by shorts to prevent additional loss.

Farmer @ Johnsongrass, TX said:

---

The example made from all this will likely not be the big guy, it will be the small guy - unless they have a great lawyer.

The quote below is taken from the article linked below. There are many articles like this setting the tone/narrative.

Quote:

---

Expect the Securities and Exchange Commission, which announced it is monitoring the markets, to ferret out unsavory ringleaders at these platforms and apps.

---

https://www.marketwatch.com/story/that-shoeshine-boy-with-stock-tips-is-now-on-reddit-and-robinhood-and-this-bubble-will-burst-like-all-the-others-11611913095?mod=mw_latestnews

MarketWatch is about as liberal as they come, but the site is useful as its easy to navigate for information.

---

Talk of the SEC doing anything is simply bluster, there is nothing illegal about anything anyone did here. Telling people "if we buy and hold our position so the short sellers can't close their position, it will implode their hedge fund" is NOT illegal.

I've bet the no pass line plenty at the craps table, I see no difference.

Retail investor loses his ass from not limiting downside appropriately: "investing has inherent risk"

Hedge funds who get paid like kings to play in the market lose their ass for not limiting downside: "prosecute them all"