Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Our moderator says that the topic of the thread entitled "WH Ignores Qs re Yellen Taking $800k Speaking Fees From Firm That Bailed Out Loser Hedge Fund in GME" is being discussed on this thread, but I have seen no posts on it. That thread has been locked.

So teeing it up for discussion on this thread, here is what the OP of the Yellen thread put in her post:


"White House press secretary Jen Psaki avoided answering a question during Thursday's briefing about whether newly confirmed Treasury Secretary Janet Yellen should recuse herself from advising the president on issues related to the developing Gamestop/Robinhood/Reddit stock trading scandal.

Citadel, the firm that bailed out the first hedge fund to be bankrupted by the crowd-sourced stock-buying bonanza this week, has paid Yellen more than $800,000 in speaking fees in recent years.

After it was reported that Yellen was on the phone all day Wednesday talking to key players involved in all aspects of the scandal, most commercial trading platforms stopped the buying of more stocks involved in the ruckus on Thursday morning."

https://www.realclearpolitics.com/video/2021/01/28..._scandal_hft_firm_citadel.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tesla may be overvalued by assets and revenue for similar companies. But the value of it stock is determined by supply and demand. You are looking at the wrong thing. Yes it is overvalued by those metrics but if everyone wants it and does not care what they pay -- it will be higher. For years Berkshire Hathaway was under valued in terms of its break up value by at one point by more that $50 billion. That is not a stock market issue -- who is to say who has the right value. Stock market is willing sellers and buyers arriving at a price.

Stock market did go down with COVID. It came back for a few reasons: COVID has not been that bad for the economy for most people and certainly for most public companies; there is a lot of money that needs to go somewhere -- people have a lot to invest --- it has to go, and the fundamentals are quite good for the economy assuming we can get back to work.

You are wrong. When people's recklessness and idiocy endangers our nation, it is time for regulation. Look at 2008. Look at 1929. Look at 6 Jan. People need regulation. Very few people are libertarians and I strongly suspect most so-called liberatarians would hate if they actually got what they are asking for.

What would you regulate? What is the new regulation?

2008 regulation was foolish, not well thought out and did nothing real. Want that again? PR victory but that is all.

Whatever regulations Elizabeth Warren wants. She knows her stuff, and is for the common person.

You seem to be either a complete shill for EW or are a troll because it is pretty well known she knows little about how the financial system works.

DP. Literally the only people I have ever heard this from are financial industry shills.

[Anonymous]

Calling people shills based on their opinions is getting really tiresome.

[Anonymous]

Anonymous wrote:Our moderator says that the topic of the thread entitled "WH Ignores Qs re Yellen Taking $800k Speaking Fees From Firm That Bailed Out Loser Hedge Fund in GME" is being discussed on this thread, but I have seen no posts on it. That thread has been locked.

So teeing it up for discussion on this thread, here is what the OP of the Yellen thread put in her post:


"White House press secretary Jen Psaki avoided answering a question during Thursday's briefing about whether newly confirmed Treasury Secretary Janet Yellen should recuse herself from advising the president on issues related to the developing Gamestop/Robinhood/Reddit stock trading scandal.

Citadel, the firm that bailed out the first hedge fund to be bankrupted by the crowd-sourced stock-buying bonanza this week, has paid Yellen more than $800,000 in speaking fees in recent years.

After it was reported that Yellen was on the phone all day Wednesday talking to key players involved in all aspects of the scandal, most commercial trading platforms stopped the buying of more stocks involved in the ruckus on Thursday morning."

https://www.realclearpolitics.com/video/2021/01/28..._scandal_hft_firm_citadel.html

Was this question from OAN? Do they not know the meaning of the word "recuse"? Or what the Secretary of the Treasury actually does?

[Anonymous]

Anonymous wrote:Calling people shills based on their opinions is getting really tiresome.

Or thatshe also has lots of connections on the other side of the trade as well.


But when in Rome: The CEO of Citadel is a well known Trump supporter and a major funder of the House GOP Caucus. So I guess OAN and the entire GOP have to "recuse" as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Calling people shills based on their opinions is getting really tiresome.

Or thatshe also has lots of connections on the other side of the trade as well.


But when in Rome: The CEO of Citadel is a well known Trump supporter and a major funder of the House GOP Caucus. So I guess OAN and the entire GOP have to "recuse" as well.

Sorry, i quoted the wrong post accidentally.

[Anonymous]

I am not sure what speaking fees has to do with anything. I mean, it's not like the ran the Commerce Department with businesses under her purview, or the DOD as a former defense contractor, or the Treasury Department as an actual hedge fund owner, or, well you get the point. Sorry folks, you lowered the bar below where Yellen might be with these speaking fees. You will have a lot more credibility sometime in the future when you stop the hyperventilating over something a lot less than what you have already accepted.

[Anonymous]

Aaand here we are. Stock dropping like a rock, WSB users despondent. *DFV* took millions off the table yesterday and probably will do more in the future. Lots of rationalizing, searching for a conspiracy to explain how they were illegally beat, infighting...

This was the top post when I checked this AM. It looks to me like the mods deleted it.

[Anonymous]

They kneecapped the momentum for days when they stopped trading on the app the kids were using. Then all the fake astroturfed “news” coverage all weekend and Monday. Rigged game.

[Anonymous]

Anonymous wrote:They kneecapped the momentum for days when they stopped trading on the app the kids were using. Then all the fake astroturfed “news” coverage all weekend and Monday. Rigged game.

OK so we can check of the conspiracy theory box.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I understand there is huge risk if DTC and Apex go under because Melvin can' cover their losses. That being said, if retailers aren't allowed to buy, then shorts shouldn't have been allowed to sell and should have been allowed to buy only.

Restrict both sides of the trade.

do you understand the simple fact that the shorts do not trade in Robin Freaking Hood? I keep saying this. If you think trading should be halted for tell at NYSE. But frankly you guys seem to feel entitled to special status. You could be on a bigger brokerage and kept trading. Your choice of a startup to execute a short squeeze is like landing at Normandy with nerf guns.

And yet they're beating the masters of the universe at their own game.

Who is laughing?

This did not age well...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

If they went short at say $15/share it is impossible for them to close out at 10x or 20x without bankrupting several hedge funds and causing a cascading effect on Wall Street. The shorts can only re-trench; they are not out of these stocks. They need them to crash down to where they were a month ago to truly get out. It's a game of chicken and this could go for a while -- especially when millions of serfs on the other side don't care if they lose. They want to stick it to the vulture capitalists. And every day and week this continues costs the hedge funds big-time vigs as they're borrowing and borrowing as this game of chicken plays out.

And yet somehow it happened anyway....

[Anonymous]

Someone has made a fortune these past two days.

I suspect it was the second line shorts as the original shorts got wiped out last week.

Some of the WSB folks sold a part of their stake last week but aren’t parting with the rest (I have one coworker that has 10 and sold 5, for example.)

[Anonymous]

Anonymous wrote:Someone has made a fortune these past two days.

I suspect it was the second line shorts as the original shorts got wiped out last week.

Some of the WSB folks sold a part of their stake last week but aren’t parting with the rest (I have one coworker that has 10 and sold 5, for example.)

A lot of individuals got wiped out. They are crying on the board.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Someone has made a fortune these past two days.

I suspect it was the second line shorts as the original shorts got wiped out last week.

Some of the WSB folks sold a part of their stake last week but aren’t parting with the rest (I have one coworker that has 10 and sold 5, for example.)

A lot of individuals got wiped out. They are crying on the board.

How many people need to tell you that you will end up with 0 until you believe them? Now they will blame some giant conspiracy.