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DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Personal Finance and Investing (Group) » Robinghood is playing mor... » Reply #11

Response to Bernardo de La Paz (Reply #10)

Fri Jan 29, 2021, 08:10 PM

11. Why do you need evidence that companies act in their self interest to legally manipulate currency?

They do enough illegal activity to manipulate currency but it is somehow far fetched to imagine that this is common practice among people who own millions of dollars in shares of specific companies?

The difference iss that with the wealthy,one person can manipulate an entire stocks price through a single trade. Whereas in this case, a group of people did it. But the latter is somehow worse than. The former?

Also you seem unable to justify why using other people's money to engage in high risk options trading and shirt ng of penny stocks is okay, but getting people together to buy a specific stock is not? The burden of prof here isn't on me. It is on the person trying to demonize large groups of people for participating the stock market, while ignoring the brazenly irresponsible actions of wealthy hedge fund managers, insurance companies and executives.

Why is it suddenly okay for wealthy people to essentially gamble with other peoples' money through options trading and shorting, but not okay for a group of investors to purchase the same stock?

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RainCaster Jan 2021 OP
Bernardo de La Paz Jan 2021 #1
jorgevlorgan Jan 2021 #2
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