Do you understand that shorting a stock also provides liquidity to the market? These stocks have zero fundamentals and are being pumped by inexperienced traders and people on the ts tail end are going to get destroyed. The leaps are risky and dangerous and kudos to the one dude for doing it but all the stars were perfectly aligned for him |
Brokers placed new bets on higher short calls. This is going to destroy those inexperienced traders. |
It should be illegal to short more than 100% of all stock in a company. If a hedge fund does this and gets caught with its pants down then too bad. As far as I can tell, Gme Isn’t actually going bankrupt. |
Mostly because Robin Hood stopped trading of GME on the platform. Talk about illegal market manipulation! |
The point is the redditors are okay getting destroyed if they can make the hedge funds bleed. |
Gas money a bit tight for the yacht this week bro? |
Gamestop shouldn't have been going bankrupt. Inexperienced traders? You mean the hedge funds? |
There is no pumping going on. They are just refusing to sell. This is how markets and capitalism work. This is price discovery. Sure it's dieconcerting that fundamental value has been decoupled from monetary value but let's not pretend that this dynamic is not already widespread. Cough tesla cough |
Yeah because multiple brokers are making it impossible for people to buy and are only allowing them to sell. Absurd manipulation. |
it's a free platform whose largest customer (citadel) is an investor in the hedge fund WSB is trying to bankrupt. You get the service you pay for |
Except this is actual manipulation. This goes further than just selling order flow information. |
This goes to show you the power that retail has. Institutions have CONSPIRED to block individual investors from freely making their own decisions to buy stocks in BB, KOSS, GME, AMC, etc. Those stocks are now tanking.
Insanely absurd manipulation. The government needs to investigate all brokerage houses, Citadel, Melvin, etc. for ridiculous securities manipulation. You can't take away the tools of investors just because you don't like the way the market is working against you. Absolutely insane what is going on right now. |
Finally I can be happy that I'm trading with boring-ass Vanguard. No issues buying/selling these shares.
Robinhood really just f#cked themselves ahead of their IPO. The WSB kids are fleeing and it's their data that makes Robinhood so valuable. Plus their dependency on Citadel and other quant hedge funds is just so insidious. This will definitely be an HBS case study. |
then demand a refund and move you money elsewhere. It's a free service |
how else do you think they have a free brokerage? |