Loading ...I started noticing very strange up-spike chart patterns maybe 6 moths ago. My thoughts were it’s related to those multi million dollar algorithmic trading computers.
So, we could say the GameStop up-spike chart was simply the first time a chart like that got on prime time TV. With a story. “Small traders get revenge and attack and kill big Hedge Fund managers”
This is a great David and Goliath media story for ratings too. And knowing the history of how their Media operates, they tend to direct or funnel people’s attention in a different direction on purpose. After all, why give honest smart and info with value for free.
So let’s ask ourselves, why didn’t their media ever mention the unfairness and mindless stock price manipulation of those trading machines the hedge funds use???
Maybe those machines need to be banned, like a 20 or 30 round high capacity magazine. After all, they have no place in a stock market where stock values are supposed to be determined by research, not something that hits the “news” which triggers the machine.
I also don’t think it’s right or legal for a stranger or person to sell shares, or bullion, that they don’t even own. It doesn’t make sense. @seattlesun years ago coined it “a casino economy” long ago on Vronsky’s site.
If somebody wants to bet on a lower price, there should be a different way to do it like buying super bowl boxes or something, not actually selling shares that helps the gambler help himself be right or win.
“Just Sayin” The local media uses that phrase with their opinions.
PS maybe it was the machines themselves that killed the hedge fund bets. Like suicide. Or like they created a Frankenstein monster and got killed by their own creation. I forget the guys name that invented it (a genius) but he lives out east on Long Island.