Calling all Investing Lezzies, hold your AMC,GME,NAKD,BB stock. If you're international especially in Canada, purchase them now especially while low. Buy and hold. BUY AND HOLD!

submitted by SailorMoon2020 from self.Lesbians

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[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (9 children)

It was the hedge fund who called these platforms to inquire about restricting them so as their traders could quickly sell, at least the impression they wanted to give.

That classism statement absolutely asinine. Most of the people who are flooding that GME stock have no idea what they’re doing, they are following some misguided get rich quick scheme. 

This statement is classism. An implication that those who are uneducated do not deserve to profit off of quick bounces. That poor people could possibly not understand the implications of a buy could lead to an small increase. It's classism.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (8 children)

It’s not classism. It was done to protect the customers on those platforms. It could key word could lead to a small profit, but it could also wipe someone out who doesn’t know what they’re doing ie leveraging their positions which is essentially borrowing money they don’t have and if their trade goes sideways they could lose everything they have in their account.

It’s also an illegal bounce and profit if you want to get technical. If it proved that people colluded to pump and dump those stocks they could go to prison it’s a crime and if the SEC wanted to investigate it and they proved that there was collusion those people could face jail time it’s highly unlikely that that will happen, but it’s not impossible and not something I would ever suggest to people I care about to get involved with.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

It could key word could lead to a small profit, but it could also wipe someone out who doesn’t know what they’re doing ie leveraging their positions which is essentially borrowing money they don’t have and if their trade goes sideways they could lose everything they have in their account.

Why does it matter if someone loses all? That's their responsibility, not mine. Let them be adults and learn from it, not regulate it.

There was nothing illegal about it. A group of people got together to invest in a company they saw/thought was being shooted.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (6 children)

Because it’s unethical and causes problems for a large number of people invested in the broader market. People who have invested their savings in to individual accounts, or a 401k, etc are effected because the banks have to cover those borrowers losses and have to sell other positions that they weren’t planning on selling.

It hurts innocent people old and young upper, middle and lower classes who have invested their money in to the market. By regulating people who are pumping and dumping this stock they’re helping mediate something that could be worse.

It’s absolutely illegal. It’s called a Pump and Dump. And if it’s proven people could get in real trouble. There’s a difference between shorting a stock based off of fundamentals which is what the hedge funds do, not illegal. Vs. getting together on a forum to falsely inflate a security to try and stick it to the rich. No what that shit is is hurting a broader group of people and entirely selfish and greedy...I hate people like that. I don’t care what the reason is if you’re that self serving and greedy to feel that it’s okay to fuck people over like that for a quick buck. Hedge fund managers, investors, people with 401ks, savings accounts, poor people who were mislead by thinking they could get rich quick...no matter what their socioeconomic status is they’re all people who have lives and families and individual circumstances and don’t deserve to be fucked over like that. Like it’s not just illegal the whole thing is unethical no matter how you look at it.

[–]SailorMoon2020[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

I put myself above everyone else. I don't wanna say I don't care about those people because I do. However, me, myself, and I will will always be put first. Once I get on top of that mountain, I will bend forward and lend my hand. I; however, will not put my success on hold for those who do not have the audacity to lend their hand to me when they're on that mountain.

The legality of it, I am reading into and I understand. I still disagree what r/Wallstreetbets have done is illegal but I have no problem digging deep into the issue.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Sad.

[–]SailorMoon2020[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Sad is little girls having to leave perform fallatio on strangers every night in brothels.

Sad are the women who had to file suit against pornhub due to the site refusing to take down rape videos of them.

Sad is immigrating to a new country so as to give your kids a better life, only for them to die in a house from carbon monoxide.

Yet you find a woman who is financially stable is content with life sad? Interesting...atlas.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

I think your self serving attitude is sad and I feel sad for you that you can’t seem to see that that attitude you have is what’s going to hold you back in the long run regardless of what your past, present or future circumstances are. Resenting people who you perceive as having more, or looking over your shoulder to compare your life to someone else’s and feeling they owe you something because you didn’t have what they have is not what I would call contentment. And pumping and dumping junk stocks and jumping on social platforms to do so is not what I would consider to be financially stable. I would call that desperate and financially irresponsible as well as sad.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

You wish me ill. I see. ...Atlas.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I don’t wish anyone ill. We just see the world differently.