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Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears (www.investing.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 231 points 10 months ago (13 children)

That means the peak is here. The insider of all insiders sold? Dump everything!

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  • [–] 98 points 10 months ago (10 children)

    Imagine if he waits for people to panic and sell off and then buys back into the market.

    In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they're an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.

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  • [–] 69 points 10 months ago (7 children)

    I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.

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  • [–] 5 points 10 months ago

    The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.

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  • [–] 2 points 10 months ago*

    Yep.

    I read this and actually said aloud "Oh Dear God."

    I mean, I'm a poor, I don't have... a pension, investments, I'll be lucky if my net worth ever exceeds the FDIC guaranteed $250k...

    But uh yeah, yeah, if you have any uh, exposure to the stock market... uh, good luck!

    Have fun realizing you were actually just barely less poor than me, this whole time.

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