Reply to Robin Hood just ended trading on GameStop and AMC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Frankly, you should have to hold any stock you buy for at least 3 months. Also, when you put in a buy or sell, a random number generator should choose the time when it occurs during the next day.[/quote]

This would ruin al sorts of HFT firms.  They don't hold any stocks for a single day and have no positions when they close. Somewhat agree though.  Or just have a transaction tax.[/quote]

Good.  What value do they provide beyond enriching themselves by skimming from others?

Is that what our stock market is for?[/quote]

Yes.  They provide liquidity.  That means whenever someone needs to sell there is a buyer.  They make money but provide a real service.  Your idea on the random number generator is illegal.  It would breach a large number of duties and if you did that it would create yet another place for mischief at the securities firms.

Not a popular opinion here but markets work fine.  There are issues from time to time.  But most of this nonsense this week comes from people who do not know what they are doing or what they are talking about.  [/quote]

How can you say they work fine when Tesla is so over valued?  when the stock market didn't go down during COVID?  I trust Elizabeth Warren, and she says it is not fine.[/quote]

Tesla's stock is kept from going higher by shorts.  It's the reason he is stoking WSB and GME.[/quote]

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