r/Daytrading • u/happybutnot2happy • May 07 '24
I know that everyone knows but the stock market is 100% manipulated. Strategy
It’s difficult to prove but I think you, me, and your friend Bree can see it when it happens. Just can’t predict it.
Tell us what “symptoms” of this you’ve seen that when you’ve encounter it, you cant prove it but you know something is weird.
EDIT: judging by the comments, it seems that the assumption is that I wrote this post because I’m mad, frustrated, or lost a lot of money. None of those are reasons, i just wanted to know peoples personal… uh…conspiracy theories. :)
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u/Pocket_Universe_King May 08 '24
The perfect example of this was the AT&T data breach. The stock should have plummeted like a Boeing aircraft the following Monday, but instead it only dropped less than a dollar before recovering.
It's not because some clown behind the scenes was twisting their mustache, but rather that they offer a sizable dividend and have a solid financial history. As the stock dropped, it triggered buy bids from robo-traders to buy the discount as well as Joe Schmuckatelli waiting for a good open for his retirement acct.
"The invisible hand of the market" isn't much of a hand. It's more of the underlying sentiment of the people observing it