Robin Hood just ended trading on GameStop and AMC

[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%

This isn't that. This is an issue that goes all the way back to Obama vs. Romney. It's not about moving the market on a given day. Dems have introduced legislation on this multiple times. The last was 2019.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

That's an ad hominem attack. Why don't you address the actual content in the article?

[Anonymous]

I would love to be a fly in the hair of a hedge funder today. I can just imagine the conversations they are having.

[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?

I suppose so, if by "deceit" you mean purchasing stock through the usual channels available to a small investor.

If the market is only supposed to work for hedge funds, and if the risk they supposedly take on their bets isn't risk at all, but rather sitting in grandma's living room sipping on hot cocoa and knowing nobody else can get in, then yes, maybe your take is accurate.

[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.

And with shares trading in the single digits there was no barrier to entry to retail buyers. STUPID, GREEDY. Got Juked.

[Anonymous]

Anonymous wrote:I would love to be a fly in the hair of a hedge funder today. I can just imagine the conversations they are having.

Half of them turned a profit off of this. They are happy that you didn't notice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is this in politics, d scum

I missed the investment opportunity but am waiting on news that the hedge funds grovel for a new bailout. Wall St needs to stop eating avocado toast lunches and bootstraps through market volatility.

This administration better not even think of bailing these idiots out of this one.

Jen Psaki’s brother is a portfolio manager at Citadel. Janet Yellen has taken $800K in fees from Citadel.

Slap on the wrist and keep it moving.

Um, Janet Yellen is at the Treasury, not the SEC. Do you even know the difference? But hey, Diamond Hands!!

You’re too clever by half. You’re missing the broader point about people in power. Dumbass.


Citron Research
@CitronResearch
The WH should have more pressing issues than to investigate stock forums on Reddit. We are a nation based on free speech and capitalism. Citron has fought globally for 20 years for that right and no one trading phenomenon should eliminate it. *Our first political tweet ever
2:11 PM · Jan 27, 2021·Twitter Web App

I still enjoy Musk’s tweet.


Tesla will make fabulous short shorts in radiant red satin with gold trim,” he tweeted, announcing a limited edition garment from the electric carmaker. “Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is this in politics, d scum

I missed the investment opportunity but am waiting on news that the hedge funds grovel for a new bailout. Wall St needs to stop eating avocado toast lunches and bootstraps through market volatility.

This administration better not even think of bailing these idiots out of this one.

Jen Psaki’s brother is a portfolio manager at Citadel. Janet Yellen has taken $800K in fees from Citadel.

Slap on the wrist and keep it moving.

Um, Janet Yellen is at the Treasury, not the SEC. Do you even know the difference? But hey, Diamond Hands!!

You’re too clever by half. You’re missing the broader point about people in power. Dumbass.


Citron Research
@CitronResearch
The WH should have more pressing issues than to investigate stock forums on Reddit. We are a nation based on free speech and capitalism. Citron has fought globally for 20 years for that right and no one trading phenomenon should eliminate it. *Our first political tweet ever
2:11 PM · Jan 27, 2021·Twitter Web App

I still enjoy Musk’s tweet.


Tesla will make fabulous short shorts in radiant red satin with gold trim,” he tweeted, announcing a limited edition garment from the electric carmaker. “Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times.”

Really, I'm sure Elon Musk's hatred for the SEC is honest. Oh wait..

"Elon Musk will step down as Tesla chairman to settle fraud charges brought by the U.S. over claims he made saying he’d take his company private. As part of Musk’s settlement, both Tesla and Musk will each pay a $20 million fine — and Musk can stay on as CEO, the Security and Exchange Commission (SEC) announced Saturday."

[Anonymous]

RH is pulling the same stunt as it did yesterday with a 1 share purchase limit on GME.

[Anonymous]

Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

[Anonymous]

Anonymous wrote:Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

You are missing that the main transfer of wealth will be between the people who get out early, and the people who get in late.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

You are missing that the main transfer of wealth will be between the people who get out early, and the people who get in late.

Your math is off. The redditors have made a couple billion (and some will lose). The HFs have lost $19b on Gamestop shorts.

It's not exactly a transfer of wealth. It's a destruction of wealth. With some collateral benefits and damage.

[Anonymous]

Anonymous wrote:Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

No. Melvin Capital was completely funded before it was even announced. Hedge funds won't accept small money levels of investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

You are missing that the main transfer of wealth will be between the people who get out early, and the people who get in late.

But without being concerned about the Reddit people (some will win big; hopefully none will lose huge), for as the Hedge Funds - again, whose money was it? I think of it as artificial un-real money, but now that it’s been lost, who specifically are the losers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sorry if it’s buried here or on the money forum, but regarding the hf losses: whose money is invested and lost?

I’m happy for the Reddit folks and believe it’s perfect timing during a pandemic for a redistribution of wealth. I can’t understand those here who think they’ve done something wrong by playing with the same system the hf uses.

So what am I missing? Are there middle class hedge investors who are going to lose their homes? Whose money was risked and “destroyed?”

You are missing that the main transfer of wealth will be between the people who get out early, and the people who get in late.

But without being concerned about the Reddit people (some will win big; hopefully none will lose huge), for as the Hedge Funds - again, whose money was it? I think of it as artificial un-real money, but now that it’s been lost, who specifically are the losers?

DP. Hedge funds investors are institutions and wealthy people. It's real money from big players.