Robin Hood just ended trading on GameStop and AMC

[Anonymous]

There are lawsuits in two US District Courts (Chicago & Manhattan). The NY AG said she will review the recent activity. https://www.chicagotribune.com/news/breaking/ct-naperville-lawsuit-robinhood-blackberry-gamestop-stocks-20210128-ngqacvxgarb4hjctfgozxpysvm-story.html

Has the SEC or Congress committed to holding an investigation and/or hearings?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tally so far: The shorts exited with a $5 Billion loss.

The hedge funds that were long that I know of made $3.5 billion.

Net losses to the big money: $1.5b. You showed 'em!

And now a bunch of individual investors are holding a stock that is overvalued by $11 billion. Ouch!

Fake news. Impossible for the hedge funds to exit all of their short positions. They actually doubled down. They're still knee deep in this stock, and others.

Yup. Remember they sold more shares short than there are shares in the company. They literally cannot cover. The only way out for the hedge funds is forced selling.

How is that possible?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tally so far: The shorts exited with a $5 Billion loss.

The hedge funds that were long that I know of made $3.5 billion.

Net losses to the big money: $1.5b. You showed 'em!

And now a bunch of individual investors are holding a stock that is overvalued by $11 billion. Ouch!

Fake news. Impossible for the hedge funds to exit all of their short positions. They actually doubled down. They're still knee deep in this stock, and others.

Yup. Remember they sold more shares short than there are shares in the company. They literally cannot cover. The only way out for the hedge funds is forced selling.

How is that possible?

Naked short selling. It is supposed to be illegal but there are some workarounds.

[Anonymous]

Anonymous wrote:There are lawsuits in two US District Courts (Chicago & Manhattan). The NY AG said she will review the recent activity. https://www.chicagotribune.com/news/breaking/ct-naperville-lawsuit-robinhood-blackberry-gamestop-stocks-20210128-ngqacvxgarb4hjctfgozxpysvm-story.html

Has the SEC or Congress committed to holding an investigation and/or hearings?

Both House and Senate have announced an intention to. HOWEVER they seem to be focusing on the reditt retail angle and not the brokerage actions or the leveraged naked short selling by the hedge funds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So far this Reddit gambit is doing more the unite people than any politician

This.

This is a clear example of how the game is tilted in favor of the rich. When they bet, they always win because they change the rules anytime they start losing. The amount of cynism and anger harbored by everyday people stems from these kinds of things.

How are you supposed to compete when each time you beat people at their game, they change the rules so that they don't have to pay up?

If these things don't change, Trump is a saint compared to what is coming.

They could have haulted all trading. But they haulted buying only so that the institutions had no competition when buying to cover their shorts.

Someone who intentionally ripped children apart from their families, and let 400,000 Americans die in a pandemic, like Trump did will NEVER be a saint. You people have warped priorities.

We got here(people electing Trump) because many people have zero faith in this country's system of government and economists(I know DCUM would rather pretend that all Trumpers are racists). If your priorities do not include finding ways to restore faith in our system of government and market, your outrage over these events would mean absolutely nothing.

Oh, you mean the people with $50,000 trucks and $1,000 rifles who don't want to expand the social safety net and guarantee healthcare for all? Sorry, that narrative was proven false a long time ago.

And your narrative that only these people voted for Trump has been proven false a long time ago.

They are the large majority, stop pretending otherwise.

Why do you think this? I feel like if gamers are predominantly any political position it’s Bernie bros, but they are not one group of people. Sorry if you think they’re all loser mouth breathing Trump voters who live in ther moms basement but that simply isn’t true

- a woman, who is not a hardcore gamer but who’s been friends with many

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

[Anonymous]

For the what about the penaions person:

You do realize that GME is part of the Russell 2000. Every single 401k and pension fund that has a small cap basket was on the long side of the trade. They all got screwed by the halt. The only ones that benefited were the hedge fund short sellers.

[Anonymous]

Buying a share of GME at whatever price before cob tomorrow is more of a political statement for people now. Especially Redditers. Market manipulation occurs all the time but it only matters when it “might”’have been engineered by commoners. Plus many of the Redditers were kids in 2008 and saw a lot of suffering while Wall Street was rescued. They want revenge. Can't blame them.

[Anonymous]

Anonymous wrote:For the what about the penaions person:

You do realize that GME is part of the Russell 2000. Every single 401k and pension fund that has a small cap basket was on the long side of the trade. They all got screwed by the halt. The only ones that benefited were the hedge fund short sellers.

RH gonna go broke with all the lawsuits and investigations. Just what hedges wants. Sequoia, if they were involved, will feel the wrath of the Reddit mob at some point. Nuts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

Wait... you just threw away $100, and you're calling other people "elitist wealth inequality apologist for billionaires"? Do you have any sense of self awareness? It doesn't look like it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

Wait... you just threw away $100, and you're calling other people "elitist wealth inequality apologist for billionaires"? Do you have any sense of self awareness? It doesn't look like it.

Ooh, PP has $100 fun money, she's obviously a billionaire! Good catch!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!

You can't fix stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

LOL there were some small investors at the beginning but to manipulate the stocks took billions of dollars. This was way out of the reach of individual investors. This was other hedge funds jumping in. Do not believe Fox News hype. This was done by your elites.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:E*Trade is restricting trades in Gamestop. Time to figure out how to widen the conspiracy theory to include them:

https://www.bloomberg.com/news/articles/2021-01-28/e-trade-restricts-purchases-of-gamestop-amc-shares

It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:

"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".

This is absolutely ridiculous!

And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.

So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?

NP.

F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.

Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.

Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!

So she loses $100 down the rabbit hole while these people criminally breach the capitol, hurt police officers, threaten to kill representatives and stop democracy.

Why do you insist on equating these groups? They have nothing in common, and you are an awful human being.