Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?

Trading hasn't stopped.

Robinhood and other platforms aren't doing it.

Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.

Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.

What you don't get is that a ton of people don't care about the money. This is guerrilla class warfare. Redditors want to stick it to the elites who got bailouts in 2008 and who have now gotten more wealthy during the pandemic while the middle class constant continues to get trampled on. No one bailed out the middle class in 2008. This is payback.

The money irrelevant.

Having studied various pump and dump schemes around the year 2000, I would not assume for a minute that the money is irrelevant to the people sucked into this. I would put good money that the first people in are running a scam and killing a hedge fund is just a way to attract more rubes.

So killing a hedge fund that exists solely to manipulate the market regardless of effect on real companies with real employees who have real lives, for the purpose of generation of income for itself is a BAD thing?

Please, tell us more oh mighty 1%er!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s been pathetic to watch MSM outlets like CNN, FT and Time try to frame this as a far right/alt-right/Trumpism thing. Transparent and lazy.

What? I haven’t seen a single reporter trying to tie this to Trump. I think you read a lot into reporting.

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html

Cillizza is very very very not a reporter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s been pathetic to watch MSM outlets like CNN, FT and Time try to frame this as a far right/alt-right/Trumpism thing. Transparent and lazy.

What? I haven’t seen a single reporter trying to tie this to Trump. I think you read a lot into reporting.

Agree. I haven't seen this either.

Literally just posted the CNN article above. FT has made a slight correction to their article.

Their discord server was also banned for “hate speech”, pretextually IMO.

https://www.theverge.com/2021/1/27/22253251/discord-bans-the-r-wallstreetbets-server

That subreddit is all over the political spectrum.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?

Trading hasn't stopped.

Robinhood and other platforms aren't doing it.

Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.

Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.

You cannot be this daft.

So they allow hedge funds to buy while others can't(no competition) even though hedge funds have replaceable billions...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?

Trading hasn't stopped.

Robinhood and other platforms aren't doing it.

Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.

Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.

What you don't get is that a ton of people don't care about the money. This is guerrilla class warfare. Redditors want to stick it to the elites who got bailouts in 2008 and who have now gotten more wealthy during the pandemic while the middle class constant continues to get trampled on. No one bailed out the middle class in 2008. This is payback.

The money irrelevant.

Having studied various pump and dump schemes around the year 2000, I would not assume for a minute that the money is irrelevant to the people sucked into this. I would put good money that the first people in are running a scam and killing a hedge fund is just a way to attract more rubes.

+1

[Anonymous]

Some bankers, media and tech giants need to go to prison. I've never seen anything like this.

[Anonymous]

All the platforms are forcing retailers to sell, so the funds being short squeezed can artificially sink the stock, so they can cover their shorts. Rigged game.

[Anonymous]

Must. Protect. Billionaires.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?

Trading hasn't stopped.

Robinhood and other platforms aren't doing it.

Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.

Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.

What you don't get is that a ton of people don't care about the money. This is guerrilla class warfare. Redditors want to stick it to the elites who got bailouts in 2008 and who have now gotten more wealthy during the pandemic while the middle class constant continues to get trampled on. No one bailed out the middle class in 2008. This is payback.

The money irrelevant.

Having studied various pump and dump schemes around the year 2000, I would not assume for a minute that the money is irrelevant to the people sucked into this. I would put good money that the first people in are running a scam and killing a hedge fund is just a way to attract more rubes.

Are you sure you don't work for a hedge fund. Because you sound a lot like them- making stupid bets without thinking twice,

Go and do your homework before spewing your ignorance - the first people in have been in since 2019/2020.

They bought GME stocks for $4- because they believed the company was worth more than $4 dollars a share. The company got a new CEO, and enthusiasm around the company grew. The hedge funds decided that making money off the company failing was more important than anything the new CEO could offer even before the CEO had a chance to show what he was worth. So the hedge funds shorted the stock (shorted more shares than actually exist-how in the world is the legal?)

They started putting out horrible valuations after they had shorted the company to drive down the price back down to where it was before the new CEO was hired. Redditors decided to beat them at their game.

[Anonymous]

Soulless greedy over-leveraged hedge funds and their funders were at risk of losing tens of billions of dollars of this short squeeze. So the parasites rigged the game in broad daylight so they could exit these positions and save their yachts, penthouses and Aspen ski mansions. That's all there is to it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?

Trading hasn't stopped.

Robinhood and other platforms aren't doing it.

Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.

Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.

What you don't get is that a ton of people don't care about the money. This is guerrilla class warfare. Redditors want to stick it to the elites who got bailouts in 2008 and who have now gotten more wealthy during the pandemic while the middle class constant continues to get trampled on. No one bailed out the middle class in 2008. This is payback.

The money irrelevant.

Having studied various pump and dump schemes around the year 2000, I would not assume for a minute that the money is irrelevant to the people sucked into this. I would put good money that the first people in are running a scam and killing a hedge fund is just a way to attract more rubes.

Are you sure you don't work for a hedge fund. Because you sound a lot like them- making stupid bets without thinking twice,

Go and do your homework before spewing your ignorance - the first people in have been in since 2019/2020.

They bought GME stocks for $4- because they believed the company was worth more than $4 dollars a share. The company got a new CEO, and enthusiasm around the company grew. The hedge funds decided that making money off the company failing was more important than anything the new CEO could offer even before the CEO had a chance to show what he was worth. So the hedge funds shorted the stock (shorted more shares than actually exist-how in the world is the legal?)

They started putting out horrible valuations after they had shorted the company to drive down the price back down to where it was before the new CEO was hired. Redditors decided to beat them at their game.

Not an expert but pretty sure naked short selling is not legal.

[Anonymous]

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.

[Anonymous]

CNBC, WSJ, NASDAQ, Liz Warren, and others are going to bat for the hedge funds, whipping up conspiracies and demonizing the masses who caught them with their hand in the cookie jar. It's really remarkable to witness this unfold. Really reminds you who's really in charge and what they'll do to maintain that perch.

[Anonymous]

It's funny seeing people who are wealthy enough to be able to buy stocks referred to themselves as powerless commoners. Actually, it's not funny, it's sick and warped.

[Anonymous]

Anonymous wrote:It's funny seeing people who are wealthy enough to be able to buy stocks referred to themselves as powerless commoners. Actually, it's not funny, it's sick and warped.

Just about anybody in this country could afford to buy a $4 stock. Wealthy or commoners.