DaddyFresh
Superstar
Whether we would do it or not is irrelevant. The question is what’s that legal or not?
Boiler Room: The Official Stock Market Discussion
I mean isn’t that part of the risk you take by creating a business in this space? That would be like opening a casino and then shutting down when people start winning, no?
dora_da_destroyer
Master Baker
portfolio is now down 13k from the highs it touched monday 
Your portfolio must be garbage in general....whole portfolio looking like
Mean is just fine. Looks like a regular day.
But then again my portfolio is built for war.
None of us hold that answer but we can answer what we would have done in his shoes. I'm saying regardless of how it negatively impacted me he did what needed to be done. The other side of that hill we were climbing seems like it would have been far worse than what we got.
I’ll just say this..... you never know who is behind a screename on a message board.
we’re at the point where people with 20 years in the finance grew up posting on message boards.
I know some pretty successful people who communicate shyt they don’t want on group texts to each other through obscure message boards ( like the coli).
soak up game wherever you find it.
we’re at the point where people with 20 years in the finance grew up posting on message boards.
I know some pretty successful people who communicate shyt they don’t want on group texts to each other through obscure message boards ( like the coli).
soak up game wherever you find it.
El_Mero_Mero
All Star
Any chance that during the next 2 weeks all of this GME stuff causes the market to crash back down towards March 2020 levels?
OneManGang
Veteran
That’s when you send Uncle Tony and his “boys” to have a little chat with you about why doing too well in the casino isn’t really in your best interests
What if everyone at the casino figured out a way to cheat the system inside the system and everyone started winning all at the same time ? As the CEO you're watching all your capital vanishing in an alarming rate? As a business you have capital requirements you have to meet to legally operate and you don't have infinite capital. You would just shrug your shoulders and go insolvent?
There were guard rails in their user agreement that accounted for this and he exercised them. The users agreed to it when they signed up to use their service. The legality of it will be answered in court but I'm thinking his actions will be upheld. These are the type of things businesses don't directly foresee happening but put wording in their user agreements to account for them.
ogc163
Superstar
Probably not. I'd rather get IPOE or invest in my M1 Spacs.
ogc163
Superstar
SMH, overall short sellers are a net positive for the market.
