Quote:
Originally Posted by SkinnyPupp
I read the article and I don't see any reason this would be a blow to the movement... If anything it realizes it even more. Guy with a 2 year old held from from the beginning, could have just quietly made millions but instead started the movement.
Again it comes down to - is he a "true believer" or a guy who tried to manipulate the market? I think if it was the latter, he never would have revealed himself, and would have sold out long ago and disappeared.
I'm interested to hear why you think this is a bad thing. I know nothing about the stock market, but I really enjoy observing.. society I guess you'd say? Since this isn't a typical stock market thing that follows their rules rather than societal rules, I don't think it can be viewed the same way.
If anything, they are trying to set him up as a "leader" so they have someone to go after with accusations of manipulating the market
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I wasn't sure if he came forward on his own or if his identity was revealed and he was forced to do interviews with the media. In wsb, there was a post about how his identity was doxed but hard to determine credibility of that. If it became public knowledge that 5 million people were listening to my investment advice, I'd feel a lot of pressure. He's a CFA charterholder so he obviously isn't some amateur (requires 4 years experience) and he knows exactly how careful he has to be when recommending investments. He also has to be extremely clear, now, in how he communicates his investment thesis. At this current price point, why shouldn't his clients take profit and reduce exposure? What is the final price target? What are the downside risks? What is the rationale? Is the main catalyst to force a short squeeze? (arguably a violation of ethics for transaction-based manipulation) Is the recommendation based on your own political motivation? (dereliction of duty to client). Surely he's also thought about the potential legal ramification if GME craters and people suffer massive losses. If any this stuff leads to him slowly backing down on his calls or positions, that might be the tipping point for GME at least. But in the end, like you said, maybe he is a true believer and he doesn't care about any of this stuff that he has pledged to.