Robin Hood just ended trading on GameStop and AMC

[Anonymous]

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.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Yeah, I am quite sure. There are people buying GME at $400 a share. GME is not even remotely worth this. Meanwhile a South Korean asset managment company with a long term 5% stake just sold for over $1 billion. And there are lots of people in this pump and dump scheme who got in at $5, $10, $20 cheering on more rubes to "stick it to the hedge funds". They are watching their positions go up and up and up. They will dump their shares and someone will be left holding the bag.

Fascinating how you're looking at this but are ignoring the shorts. Are they invisible to you? Or is it just that you cannot believe that reddit might be right every once in a while?

I'm not. But who is more damaging to the small investor? The guy who says "buy Gamestop at $400" or the one who says "Sell at 11?"

Look, you're probably young and you don't remember how stock manipulation works. You can be forgiven for that. But look at the math. The market distortion by the shorts in this stock is a tiny fraction of the distortion caused by the pump and dump scheme going on.

But don't believe me. You figure out what you think is the fair, long term stock price for GME and judge everyone based on how far they are from that number.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Yeah, I am quite sure. There are people buying GME at $400 a share. GME is not even remotely worth this. Meanwhile a South Korean asset managment company with a long term 5% stake just sold for over $1 billion. And there are lots of people in this pump and dump scheme who got in at $5, $10, $20 cheering on more rubes to "stick it to the hedge funds". They are watching their positions go up and up and up. They will dump their shares and someone will be left holding the bag.

Go and do your research.

Redditors have several threads in which they try to determine the true value of GME. They warn anyone getting in now that this thing will end and the price will be closer to that value. They ask people to be careful with how much they are putting in because they could lose a huge chunk when they squeeze is over. They even tell people that the squeeze will not last much longer.

I am not sure why you are trying to demonize those who got in at $5, $10, $20. Many of them have openly stated that they have already sold some of their positions.

[Anonymous]

hmmm......

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Yeah, I am quite sure. There are people buying GME at $400 a share. GME is not even remotely worth this. Meanwhile a South Korean asset managment company with a long term 5% stake just sold for over $1 billion. And there are lots of people in this pump and dump scheme who got in at $5, $10, $20 cheering on more rubes to "stick it to the hedge funds". They are watching their positions go up and up and up. They will dump their shares and someone will be left holding the bag.

Fascinating how you're looking at this but are ignoring the shorts. Are they invisible to you? Or is it just that you cannot believe that reddit might be right every once in a while?

I'm not. But who is more damaging to the small investor? The guy who says "buy Gamestop at $400" or the one who says "Sell at 11?"

Look, you're probably young and you don't remember how stock manipulation works. You can be forgiven for that. But look at the math. The market distortion by the shorts in this stock is a tiny fraction of the distortion caused by the pump and dump scheme going on.

But don't believe me. You figure out what you think is the fair, long term stock price for GME and judge everyone based on how far they are from that number.

I don't believe you. Next Monday, GME will end up somewhere between $4 and $400. And a couple hedge funds will close their doors.

Fin.

[Anonymous]

Anonymous wrote:hmmm......

If this isn’t fake then my goodness! And Psaki just completely punted on this question twice at the press briefing, referring reporters to some anodyne statement from the SEC.

[Anonymous]

Anonymous wrote:hmmm......

To be clear, Yellen is not the White House.

I'm not sure who at the WH this could have been, if it happened. But it wasn't Yellen.

[Anonymous]

This is the best and most accurate description of what’s happening in the market today. This is a fraud on a massive scale and they are doing it in the open without any shame. Clearly the litigation costs + fines will be a fraction of the potential losses associated with closing out the shorts positions at market price.

https://www.reddit.com/r/wallstreetbets/comments/l74q3s/important_melvin_and_citadel_manipulated_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

[Anonymous]

You all were warned. You are now getting what you voted for. Enjoy!

[Anonymous]

Anonymous wrote:

Anonymous wrote:hmmm......

To be clear, Yellen is not the White House.

I'm not sure who at the WH this could have been, if it happened. But it wasn't Yellen.

Take with a grain of salt 4th hand information posted on Reddit by a supposed low level IT employee at Robinhood.

[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.

They may be the majority, but that majority needs those who are hopeless/cynical/angry to vote with them. Trump would not have won if he had only that "large majority" you speak of. There are many other people who are just fed up with the current state of affairs and would keep voting for anyone or anything that can convince them that they are not part of the system. They will keep voting for outsiders, and they will end up voting for someone much more radical than Trump.

[Anonymous]

Anonymous wrote:This is the best and most accurate description of what’s happening in the market today. This is a fraud on a massive scale and they are doing it in the open without any shame. Clearly the litigation costs + fines will be a fraction of the potential losses associated with closing out the shorts positions at market price.

https://www.reddit.com/r/wallstreetbets/comments/l74q3s/important_melvin_and_citadel_manipulated_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

No, clearly not. The Wall Street losses are already above $70b and it's only Thursday.

Hedge funds don't have billions to lose, despite what some posters think.

[Anonymous]

Anonymous wrote:This is the best and most accurate description of what’s happening in the market today. This is a fraud on a massive scale and they are doing it in the open without any shame. Clearly the litigation costs + fines will be a fraction of the potential losses associated with closing out the shorts positions at market price.

https://www.reddit.com/r/wallstreetbets/comments/l74q3s/important_melvin_and_citadel_manipulated_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

They are out in the open with lots of things now. Shame is gone. Good luck!

[Anonymous]

Robin Hood doesn't ban trading of biotech stocks.when the go up 1000% in a day or two after god clinical trial data. Robin Hood didn't block.investors from buying fraudulent company Nikola when was going up, nor down as well.

Such a farce.. .it reeks of massive fraud. Especially since Citadel, Robin Hood, and GameStop are all related..

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Yeah, I am quite sure. There are people buying GME at $400 a share. GME is not even remotely worth this. Meanwhile a South Korean asset managment company with a long term 5% stake just sold for over $1 billion. And there are lots of people in this pump and dump scheme who got in at $5, $10, $20 cheering on more rubes to "stick it to the hedge funds". They are watching their positions go up and up and up. They will dump their shares and someone will be left holding the bag.

Fascinating how you're looking at this but are ignoring the shorts. Are they invisible to you? Or is it just that you cannot believe that reddit might be right every once in a while?

I'm not. But who is more damaging to the small investor? The guy who says "buy Gamestop at $400" or the one who says "Sell at 11?"

Look, you're probably young and you don't remember how stock manipulation works. You can be forgiven for that. But look at the math. The market distortion by the shorts in this stock is a tiny fraction of the distortion caused by the pump and dump scheme going on.

But don't believe me. You figure out what you think is the fair, long term stock price for GME and judge everyone based on how far they are from that number.

I don't believe you. Next Monday, GME will end up somewhere between $4 and $400. And a couple hedge funds will close their doors.

Fin.

I love people who try to close discussions like that.

Next Monday, the hedge funds will still be there. But what will happen to thousands of investors who bought stock way above 11? Do you even care about them?