Also, adding FRC in there is an interesting move. Do you blame retail traders for that?
It's the same pattern. Meme a lie really really hard, then screw over the community by taking money from the people who believes the lie.
No different from the GME price target of $1000 or any of the others WSB lies that people have fallen for. It's just a means to extract money from sheeple.
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It's all the same pattern. My question is how many times do the WSB Redditors have to get screwed over before they notice they are the marks getting played.
I don't blame retail for getting so blatantly manipulated. Everyone knows they're dumb money who will easily believe these lies.
I blame WSB leaders and moderators for so plainly taking advantage of retail investors and doing so for years.
There is a huge disconnect between people throwing out price targets and a pump and dump, I don't think that I need to spell that out. One is over-enthusiasm, the other is crime.
For what it's worth, FRC was incredibly tradeable very early on in the beginning of the banking crisis, regularly doing very large swings. Though, what I believe you're talking about is the expectation the FRC would exceed expectations on earnings and would go on to return to its pre-crisis prices. This is not a pump and dump and makes sense. If the bank is no longer in trouble then you'd expect normality to resume. This did not turn out to be the case and it ended up being taken over by JPM. This is not a pump and dump in any way.
The price targets of $1000 for GME would have been met should they not have disabled the buy button but I believe that there would have been a really strong sell off at the upper $900s which would have had a big impact on the price and I'm not sure it would've recovered. Please see TSLA as a stock which has gained a huge market cap as a result of enthusiastic investors.
Nope. Try again.
> The price targets of $1000 for GME would have been met should they not have disabled the buy button
I do pity you that you're so deep in the conspiracy theories that you can't see reality.
GME stopped going up because the short squeeze ended. WSB mods needed to keep the story going so they sold you another lie.
Robinhood literally ran out of money trying to support the insane GME upswing and y'all turn it into a conspiracy theory about buy buttons being disabled.
Do you know what T+2 settlement is? That means Robinhood (or the various middlemen Robinhood uses) needs to hold your money (and stock) for 2-days before the transaction is actually settled. The WSB members were buying so hard that Robinhood (and their middlemen) literally ran out of cash and couldn't buy more stock.
Sure, it was fixed a day later when trades settled and cash opened up again. But this is how WSB takes a normal event and turns it into a conspiracy theory.
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But sure, whatever. You can keep believing the conspiracy theories/lies. Meanwhile, there's ya know, Congressional investigations into this, and questions about what regulations need to change here that have the answers.
But people prefer to trust lies on Reddit over the investigations these days, amirite?
