Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is literally incredible to me that people are on here thinking the redditors are the criminals. The little guys who cannot raise 1B overnight in capital and who didn't have millions sitting around to start this in the first place.

Its David vs Goliath and your position is "David is going to get HURT why did he pick this fight? He is a terrible person for putting himself and the audience members at risk like this! Goliath is going to murder him and it will be all his fault!"

But then David starts to win and someone hands Goliath a gun and you're like, "See you brought this on yourself David! You are going to get shot and its all your fault"

It’s actually very simple to understand.

Wall Street supports the democrat leadership in Congress. DCUM by-and-large also supports dems. Therefore whatever dems in Congress want, DCUM aligns with. In this case, dems will move heaven and earth to protect billionaire hedge funds from something like this ever happening again. Because Wall Street writes big campaign checks. The “little guys” are the enemy in this case.

That is why DCUM is against the Reddit investors. They take their cues from dem leaders in Congress.

It’s really no more complicated than that.

DP. Disagree. I think most of the posts in this thread are on the side of the redditors (never thought I'd say that lol) but there's one poster who isn't. He thinks he knows better than everyone else (that actually sounds like a redditor) and that he's right and everyone else is wrong. I'm not sure I'd put him on the side of "Dems and Congress". More like he's on the side of the status quo and hedge funds. Which is what a lot of the talking heads on the mainstream media yesterday were doing, too.

+1.

I am as Dem as it gets. But I against Robinhood. I would not necessarily say I support the redditors. I wasn't really rooting for them before RH pulled that number yesterday.

There seems to be a couple of people bashing the redditors on this thread. And that's about it. Most of the comments are supporting them.

I'm a Dem and don't support either side. The stock market is basically about making free money, so it's inherently corrupt. What makes the redditors even worse is that they try to posit themselves as common everyman heroes while throwing away their money, while it could be used to help the truly downtrodden who are losing their homes during a pandemic.

What in the world are you blabbling about? How much of your own money do you give to the truly downtrodden?

They are not painting themselves as anything. What nonsense. They are trying to make money just like hedge funds do.

You need to read Reddit before you speak.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is literally incredible to me that people are on here thinking the redditors are the criminals. The little guys who cannot raise 1B overnight in capital and who didn't have millions sitting around to start this in the first place.

Its David vs Goliath and your position is "David is going to get HURT why did he pick this fight? He is a terrible person for putting himself and the audience members at risk like this! Goliath is going to murder him and it will be all his fault!"

But then David starts to win and someone hands Goliath a gun and you're like, "See you brought this on yourself David! You are going to get shot and its all your fault"

It’s actually very simple to understand.

Wall Street supports the democrat leadership in Congress. DCUM by-and-large also supports dems. Therefore whatever dems in Congress want, DCUM aligns with. In this case, dems will move heaven and earth to protect billionaire hedge funds from something like this ever happening again. Because Wall Street writes big campaign checks. The “little guys” are the enemy in this case.

That is why DCUM is against the Reddit investors. They take their cues from dem leaders in Congress.

It’s really no more complicated than that.

DP. Disagree. I think most of the posts in this thread are on the side of the redditors (never thought I'd say that lol) but there's one poster who isn't. He thinks he knows better than everyone else (that actually sounds like a redditor) and that he's right and everyone else is wrong. I'm not sure I'd put him on the side of "Dems and Congress". More like he's on the side of the status quo and hedge funds. Which is what a lot of the talking heads on the mainstream media yesterday were doing, too.

+1.

I am as Dem as it gets. But I against Robinhood. I would not necessarily say I support the redditors. I wasn't really rooting for them before RH pulled that number yesterday.

There seems to be a couple of people bashing the redditors on this thread. And that's about it. Most of the comments are supporting them.

I'm a Dem and don't support either side. The stock market is basically about making free money, so it's inherently corrupt. What makes the redditors even worse is that they try to posit themselves as common everyman heroes while throwing away their money, while it could be used to help the truly downtrodden who are losing their homes during a pandemic.

What in the world are you blabbling about? How much of your own money do you give to the truly downtrodden?

They are not painting themselves as anything. What nonsense. They are trying to make money just like hedge funds do.

You need to read Reddit before you speak.

I spent all day yesterday reasding wsb.

[Anonymous]

I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

[Anonymous]

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

They may be educated but they are definitely not smart. The shorted more shares of a company than they were shares available. Redditors took advantage of their stupidity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

They may be educated but they are definitely not smart. The shorted more shares of a company than they were shares available. Redditors took advantage of their stupidity.

^They shorted more shares of the company than there were shares available.

[Anonymous]

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

Troll.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

Troll.

Just having fun predicting how the government will try to handle this...

[Anonymous]

Anonymous wrote:

Anonymous wrote:It is literally incredible to me that people are on here thinking the redditors are the criminals. The little guys who cannot raise 1B overnight in capital and who didn't have millions sitting around to start this in the first place.

Its David vs Goliath and your position is "David is going to get HURT why did he pick this fight? He is a terrible person for putting himself and the audience members at risk like this! Goliath is going to murder him and it will be all his fault!"

But then David starts to win and someone hands Goliath a gun and you're like, "See you brought this on yourself David! You are going to get shot and its all your fault"

It’s actually very simple to understand.

Wall Street supports the democrat leadership in Congress. DCUM by-and-large also supports dems. Therefore whatever dems in Congress want, DCUM aligns with. In this case, dems will move heaven and earth to protect billionaire hedge funds from something like this ever happening again. Because Wall Street writes big campaign checks. The “little guys” are the enemy in this case.

That is why DCUM is against the Reddit investors. They take their cues from dem leaders in Congress.

It’s really no more complicated than that.

False narrative. Hedge Funds like the Republicans because the Dems want to eliminate capital gains treatment for carried interest.

[Anonymous]

https://www.wsj.com/articles/democratic-control-sparks-unease-in-private-equity-11610105400


Democratic Control Sparks Unease in Private Equity
With Democrats in the White House and Congress, private equity sees the possibility for a clutch of tax rises; venture capital sees a silver lining in better prospects for ‘start-up visas’

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

Troll.

Just having fun predicting how the government will try to handle this...

It is fun!

[Anonymous]

Anonymous wrote:https://www.wsj.com/articles/democratic-control-sparks-unease-in-private-equity-11610105400


Democratic Control Sparks Unease in Private Equity
With Democrats in the White House and Congress, private equity sees the possibility for a clutch of tax rises; venture capital sees a silver lining in better prospects for ‘start-up visas’

Have you people learned nothing from the GameStop story? PRIVATE EQUITY DROPS STORIES TO THE PRESS TO MOVE THE MARKET. Chances that they also drop stories to the press to influence politics? 100%

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/democratic-control-sparks-unease-in-private-equity-11610105400


Democratic Control Sparks Unease in Private Equity
With Democrats in the White House and Congress, private equity sees the possibility for a clutch of tax rises; venture capital sees a silver lining in better prospects for ‘start-up visas’

Have you people learned nothing from the GameStop story? PRIVATE EQUITY DROPS STORIES TO THE PRESS TO MOVE THE MARKET. Chances that they also drop stories to the press to influence politics? 100%

Unease in private equity? I love it!

Eat the rich.

[Anonymous]

[Anonymous]

Anonymous wrote:

Sorry Ars Technica, this isn't your field. A swing and a miss.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is literally incredible to me that people are on here thinking the redditors are the criminals. The little guys who cannot raise 1B overnight in capital and who didn't have millions sitting around to start this in the first place.

Its David vs Goliath and your position is "David is going to get HURT why did he pick this fight? He is a terrible person for putting himself and the audience members at risk like this! Goliath is going to murder him and it will be all his fault!"

But then David starts to win and someone hands Goliath a gun and you're like, "See you brought this on yourself David! You are going to get shot and its all your fault"

It’s actually very simple to understand.

Wall Street supports the democrat leadership in Congress. DCUM by-and-large also supports dems. Therefore whatever dems in Congress want, DCUM aligns with. In this case, dems will move heaven and earth to protect billionaire hedge funds from something like this ever happening again. Because Wall Street writes big campaign checks. The “little guys” are the enemy in this case.

That is why DCUM is against the Reddit investors. They take their cues from dem leaders in Congress.

It’s really no more complicated than that.

DP. Disagree. I think most of the posts in this thread are on the side of the redditors (never thought I'd say that lol) but there's one poster who isn't. He thinks he knows better than everyone else (that actually sounds like a redditor) and that he's right and everyone else is wrong. I'm not sure I'd put him on the side of "Dems and Congress". More like he's on the side of the status quo and hedge funds. Which is what a lot of the talking heads on the mainstream media yesterday were doing, too.

+1.

I am as Dem as it gets. But I against Robinhood. I would not necessarily say I support the redditors. I wasn't really rooting for them before RH pulled that number yesterday.

There seems to be a couple of people bashing the redditors on this thread. And that's about it. Most of the comments are supporting them.

I'm a Dem and don't support either side. The stock market is basically about making free money, so it's inherently corrupt. What makes the redditors even worse is that they try to posit themselves as common everyman heroes while throwing away their money, while it could be used to help the truly downtrodden who are losing their homes during a pandemic.

Some of the same people dummie

m
I think far more of the newly rich redditors will be donating to food banks than the hedge funds would had they been able to keep their money

I don't. I think that's a speculative fairy tale told to justify selfishness and wastefulness.

Wastefulness? Redditors have destroyed $70b. That's a lot of waste.

Yes. We need to stop such waste by making shorting stocks illegal. Shorting creates nothing of value, and it gives these hedge funds incentive to push investors to sell their ownership in companies that need that need them to have a fighting chance.

Shorting destroys value.

As one of the critics of WSB, I nevertheless agree that shorting should be eliminated.

Do I think shorting Gamestop is a nefarious plot? No. The idea that a brick and mortar retailer of video games may be overvalued is very reasonable! To survive, they have to close their stores and go online. But there, they have no competitive advantage over Amazon, Target, Walmart, and direct sales from manufacturers. Location is their only advantage today, and being in a mall is no longer a good location.

Shorting can serve a useful purpose, say if you want to lay off the risk on your position in that stock. And in theory, it can help keep a stock price from running too far above the company's real value.

But in practice, it is used more often as a weapon as not.