Discover and read the best of Twitter Threads about #redditarmy
Most recents (3)
Full disclosure; I eat crayons. Here's a fun recap theory read. A certain mayo-loving he-who-must-not-be-named was utilizing his little high-frequency trading (HFT) operation to duplicate shares for the last several years for a basket we know and love called the meme stocks. 1/
This share duplication technique was creating actual phantom shares in the virtual trading environment nerve centers. It was driving price action down, he was making money, no one but him was happy, and it was very, very naked. It might not have even been illegal, because 2/
regulations might not have outlined the technique as being illegal. What our mayo-boy didn't know was that he was creating a de-facto share obligation ETF that would have a weighted movement causing magnetic price action for the foreseeable future across the memestonks. 3/
Amazing & super smart @mcuban spoke to #wsb @wsbmod here's the easy to read q&a all of them below, KEY TAKEAWAYS:
1. When you learn, SHARE YOUR KNOWLEDGE
2. There is STRENGTH IN NUMBERS
3. Patience, now that you're learning you can do "HIT AGAIN AND AGAIN" if do as a group.
1. When you learn, SHARE YOUR KNOWLEDGE
2. There is STRENGTH IN NUMBERS
3. Patience, now that you're learning you can do "HIT AGAIN AND AGAIN" if do as a group.
4. NOT EASY, takes brain power & time
5. THE SEC IS BAD AND NOT FOR LITTLE GUY, should have bright line guidelines
6. Little Guy can prevail
7. Do what you think is right ALWAYS
8.THIS IS THE WAY "Next time, hit them again, at a better broker who can't cut you off."
5. THE SEC IS BAD AND NOT FOR LITTLE GUY, should have bright line guidelines
6. Little Guy can prevail
7. Do what you think is right ALWAYS
8.THIS IS THE WAY "Next time, hit them again, at a better broker who can't cut you off."
"work as a group, you can hit again and again" 
Far better informed people than me have commented on the actual winners and losers associated with #GameStop and the #RedditArmy attack on the stock market (see @StephenPunwasi to start) but what fascinates me is the political angle. Which is real, but also completely absent. 1/9
This incredible movement of dollars, headlines, and memes is fundamentally driven by frustration with elites winning endlessly in a game perceived to be rigged. Leaving aside whether the response is productive or destructive, the motivating force is clear, pure, and real. 2/9
This movement has been compared to everything from Trump-inspired insurrectionists to violent Antifa activists. Such comparisons, from every side, are unfair and miss the point. Because this movement hasn't taken any side politically and hasn't come close to breaking any law. 3/9
