A reiteration of the "Statement of Purpose" of this group

[DonaldsRump]

5. Thanks. I just read the other OP and subsequent discussions and now see where you're coming from

I didn't know about that when I wrote in this posting.

More generally, I find coordinated action to manipulate pricing completely unethical. In many instances, it's illegal (antitrust, securities trading, etc). And it's not that hard for the SEC and other regulators to track and nail.

I was stunned to hear the great Robert Reich casually imply that, since no one went to prison for the 2008 economic collapse, that somehow makes the current manipulation ok:

Link to tweet

It isn't ok, and all of us need to stay away from this, IMHO. That's what Reich should have said. What led to the 2008 collapse, to the extent it involved single-firm or coordinated multi-firm manipulation, it was manipulation. That no one went to the pokey then does not make what is happening now right or legal.

Market manipulation and/or coordination to achieve manipulation, whether it's done by big firms or single investors acting in concert, can have serious economic and legal consequences for all involved. The wisest course is to stay away.

I have totally strayed from your pinned post, but I get your point!