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Public manipulation or what?

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  1. Public manipulation or what?

    Author: Prof.Dau 18.02.21 - 09:49

    I thought market manipulation was done in secret and not in public.
    If the public exclamation "Buy from Gamestop" is understood as market manipulation, then advertising should generally be understood as market manipulation.

    If the gill - I have no idea who the guy is - asks to buy shares on YT (a public platform) for profit, then that is not market manipulation for me. But what do I know about law?

  2. Re: Public manipulation or what?

    Author: ubuntu_user 18.02.21 - 09:55

  3. Re: Public manipulation or what?

    Author: ibecf 18.02.21 - 10:26

    Prof.Dau wrote:
    --------------------------------------------------------------------------------
    > I thought market manipulation is done in secret and not for everyone
    > Public.
    > If now the public exclamation "Buy at Gamestop", as market manipulation
    > is understood, then advertising should in general be called
    > Understand market manipulation.
    >
    > When the gill - no idea who that guy is - out for profit
    > Intentions out on YT (a public platform) soliciting shares
    > to buy, then for me that is not market manipulation. What do i understand
    > but also from Jura.

    The man is a licensed finance professional not an amateur, that should be the pitfall.

    For these, the legal rules of the game apply when it comes to investment advice. Without proper education about the risks, they make themselves liable.

  4. Re: Public manipulation or what?

    Author: Myxin 18.02.21 - 10:58

    Correct, but even without a license you should be careful, if necessary with a short hint to "point out" .. if one wins, another loses. only the fact that the losers are complaining is not new, only that the losers were professionals .. Please Notice: This is an automatically translated article!

  5. Re: Public manipulation or what?

    Author: Dried fruit 18.02.21 - 11:15

    ibecf wrote:
    --------------------------------------------------------------------------------
    > The man is a licensed finance professional, not an amateur, he should
    > Be a pitfall.

    There are no Expectation that someone without a contract with you has an obligation to point out the risks involved in investing. In the USA in particular, free speech is upheld and anyone who follows a counseling service by a person named "Roaring Kitty" is then to blame.

    If that were the case, thousands of doctors who talk bullshit online in the USA should all give up their license to practice medicine. As long as you don't have someone as a patient and recommend it directly, free speech is always higher.

  6. Re: Public manipulation or what?

    Author: Erich12 18.02.21 - 12:33

    I see it in a similar way to dried fruit, as long as it does not act as a licensed financial professional but as a roaring kitty, your opinion is at least questionable.
    He didn't appear as a licensed investment advisor on Reddit. If the question arises whether this can be legally separated, the court can decide.

  7. Re: Public manipulation or what?

    Author: Tuxgamer12 18.02.21 - 12:33

    Prof.Dau wrote:
    --------------------------------------------------------------------------------
    > When the gill - no idea who that guy is - out for profit
    > Intentions out on YT (a public platform) soliciting shares
    > to buy, then for me that is not market manipulation.

    In the end, it doesn't matter what you think is market manipulation and what not;). The law says there are more forms of market manipulation than just insider trading.

    https://de.wikipedia.org/wiki/Pump_and_Dump

  8. Re: Public manipulation or what?

    Author: ger_brian 18.02.21 - 12:40

    Then you obviously have little idea about financial markets. Market manipulation does not have to be done in secret.

  9. Re: Public manipulation or what?

    Author: DX12forWin311 18.02.21 - 12:49

    In the USA you can already say a lot. If he was actually not profiting from the price rise, then he had no motive for manipulation. It will be exciting to see what comes out of it. Also because it will basically classify the role of hypes in forums and their members.

  10. Re: Public manipulation or what?

    Author: CrushedIce 18.02.21 - 13:49

    DX12forWin311 wrote:
    --------------------------------------------------------------------------------
    > In the USA you can already say a lot. If he really doesn't
    > profited from the price increase, then he had no motive for manipulation.
    > It will be exciting to see what comes out of it. Also because it's basically the
    > Classify the role of hypes in forums and their members.

    He has already profited in the double-digit million range: D

    However, it is now pretended that he alone caused the whole thing. However, if you look at his Reddit posts, you can see that he wasn't particularly active there. He only posted screenshots of his portfolio at regular intervals and a few comments like "What's an exit strategy?"
    No incitement to buy, no "hype", no recommendations, no investment advice.
    Source: https://www.reddit.com/user/DeepFuckingValue/posts/

    How one can talk about market manipulation is probably only clear to well-paid lawyers.



    Edited 3 times, last on 2/18/21 13:52 by CrushedIce.

  11. Re: Public manipulation or what?

    Author: AllDayPiano 18.02.21 - 14:08

    It always depends on * how * he gave the tips.

    If he said: "If we all buy Gamestop now, we will kill Malvin Capital because they can no longer use their shorts", then I think that's legitimate, and completely OK, although that would also be borderline according to German legislation.

    But if he said: "As a financial professional, I recommend you buy shares in Gamestop because it is a good investment in the future. And by the way, we are driving the price up and we are still making shortsellers flat," then that exceeds them free speech and would be in it mMn really a call for market manipulation.

    These are now two starkly contrasting examples. The truth will be somewhere in between. But I think that as a professional he knows exactly what to say and what not to say. For me it is at least to be expected that the whole indictment will be a castle in the air in order to distract from the real problems: from shorts that drive solid companies into bankruptcy and therefore urgently need to be regulated.

    Everything above is an opinion. My opinion. If I make an absolute statement, then that is also an opinion. My opinion. If I back something up with sources, it is marked accordingly and therefore not an opinion, but a conclusion or a statement of facts. It's good that we have now finally clarified that. Golem.de will still jump.

  12. Re: Public manipulation or what?

    Author: .02 cents 18.02.21 - 16:29

    A class action lawsuit in the US aims first of all to find a sufficient pool of defendants who represent enough assets to make the lawsuit worthwhile. Then you also need plaintiffs to participate in the lawsuit - and how better could you get them than to stir up some dust on social media. The person named in the article may therefore deliver both.

    Then a civil lawsuit - especially in the USA - is initially nothing more than a piece of paper on which some "bad world" offense is alleged. As a rule, any claim is derived from this, without this claim having to be specifically quantified when the complaint is filed.

    To bring such a lawsuit, the hurdles are almost 0. In principle, you only have to pay a fee to the court to file the lawsuit. This can be done very informally, especially if a legal layperson files the lawsuit. But even with a lawyer, the requirements are not high. It takes a while before any "hearings" begin, and they are not the first to deal with "Matters of Law" rather than with "Matters of Fact" (for example: is there any legal basis on which the Lawsuit can be heard before checking whether allegations and claims are justified).

    And of course it is nonsense to claim that market manipulation takes place in secret. Anyone who works in a company listed on the stock exchange and who takes advantage of insider knowledge on their own, may be just as liable to prosecution as someone who distributes this insider knowledge in world history. Of course, this is especially true for those employees who routinely have access to this information. I only remember Elon Musk, whose tweeds were classified as exactly that by the SEC and who received appropriate editions.

    Especially with illiquid "penny stocks" - which is Gamestop in the end - the tactic is to stock up on stocks first, then - via whatever channels - to praise these stocks over the green table and sell them to ignorant investors and the price increases that result from this to profit as old as stocks themselves.

  13. Re: Public manipulation or what?

    Author: Inori senpai 18.02.21 - 18:16

    .02 cents wrote:
    --------------------------------------------------------------------------------

    >
    > Especially with illiquid "penny stocks" - what Gamestop is ultimately - is that
    > Tactics to stock up on stocks first, then these stocks - via which ones
    > Channels anyway - to praise the green table and to ignorant ones
    > To sell investors and from those resulting from it alone
    > Benefit price increases as old as stocks themselves.


    Only Gamestop is not a penny stock. And they are not illicit.

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