Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

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.

I posted the image, and i agree. I also believe the actions of RobinHood need to be investigated. And, part of that investigation should be to check if there was any intervention from this administration. Especially in light of this....

[Anonymous]

Anonymous wrote:

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?

They'll have gotten their money's worth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

They'll have gotten their money's worth.

You think this is fun money, but it's not. There are people buying on margin, people playing options. There will be people putting money they can't afford to lose. I have seen this before. Around the year 2000, we saw lots of people get wrecked by pump and dump scammers. Go look up Tokyo Joe. Perfect example of how a pump and dump works. Sounds exactly like what's going on this subreddit.

[Anonymous]

Anonymous wrote:

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?

These hedge funds will still be there because they manipulated the market. They cheated. That is why there is outrage. Do you care about that?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

These hedge funds will still be there because they manipulated the market. They cheated. That is why there is outrage. Do you care about that?

In fact, the hedge funds tried to push the stock to fail. They manipulated the market first, and someone called them on it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

These hedge funds will still be there because they manipulated the market. They cheated. That is why there is outrage. Do you care about that?

In fact, the hedge funds tried to push the stock to fail. They manipulated the market first, and someone called them on it.

This is exactly the problem. Those "analysts" can go on TV and talk about securities with their own personal interested front and center. Someone goes on the internet and says something, they are accused of market manipulation. There is no distinction. Just sour grapes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

They'll have gotten their money's worth.

You think this is fun money, but it's not. There are people buying on margin, people playing options. There will be people putting money they can't afford to lose. I have seen this before. Around the year 2000, we saw lots of people get wrecked by pump and dump scammers. Go look up Tokyo Joe. Perfect example of how a pump and dump works. Sounds exactly like what's going on this subreddit.

Have you gone to the subreddit and read through the threads or are you just pulling your opinions from up your arse?

So RH was trying to save the little guy from pump and dump by restricting purchasing so that the hedge funds can buy cheap from the little guy who was already in? Is this the solution?

[Anonymous]

Supposedly ba whistleblower inside of Robin Hood has leaked on WSB that the White House and Sequoia Capital have pressured management at RH to block trading of GME.


Who in the WH requested this is the real question. Maybe it is Biden's new pick Janet Yellen? LO AND BEHOLD, Yellen has received huge sums of money from Citadel, one of the main firm in the middle of this all.

https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223


This could be a huuuuge scandal unfolding. WSB and reddit are exposing the insane corruption of our system.

[Anonymous]

Anonymous wrote:Supposedly ba whistleblower inside of Robin Hood has leaked on WSB that the White House and Sequoia Capital have pressured management at RH to block trading of GME.


Who in the WH requested this is the real question. Maybe it is Biden's new pick Janet Yellen? LO AND BEHOLD, Yellen has received huge sums of money from Citadel, one of the main firm in the middle of this all.

https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223


This could be a huuuuge scandal unfolding. WSB and reddit are exposing the insane corruption of our system.

Did the hedge funds pressure RH and Apex to halt trading? Obviously yes.

Did Yellen? Or the White House? No.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

These hedge funds will still be there because they manipulated the market. They cheated. That is why there is outrage. Do you care about that?

Do I like short selling? No. Is it legal? Yes.

Am I going to send a thousand unarmed innocents into battle to beat some short sellers? No.
Am I going to let a bunch of scammers make a fortune off of these innocents? No.
Is it illegal to run a pump and dump scheme? YES!!!

I see a grift. It's EXACTLY like the grifts I saw 20 years ago. The leaders have all bought Gamestop at low prices. They are telling other people to buy at high prices. They know for certain that the stock is not worth the price they are advising people to buy. I'm looking at this subreddit and it's all wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

They'll have gotten their money's worth.

You think this is fun money, but it's not. There are people buying on margin, people playing options. There will be people putting money they can't afford to lose. I have seen this before. Around the year 2000, we saw lots of people get wrecked by pump and dump scammers. Go look up Tokyo Joe. Perfect example of how a pump and dump works. Sounds exactly like what's going on this subreddit.

Have you gone to the subreddit and read through the threads or are you just pulling your opinions from up your arse?

So RH was trying to save the little guy from pump and dump by restricting purchasing so that the hedge funds can buy cheap from the little guy who was already in? Is this the solution?

You call today's price cheap???

[Anonymous]

Anonymous wrote:Supposedly ba whistleblower inside of Robin Hood has leaked on WSB that the White House and Sequoia Capital have pressured management at RH to block trading of GME.


Who in the WH requested this is the real question. Maybe it is Biden's new pick Janet Yellen? LO AND BEHOLD, Yellen has received huge sums of money from Citadel, one of the main firm in the middle of this all.

https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223


This could be a huuuuge scandal unfolding. WSB and reddit are exposing the insane corruption of our system.

WSB already debunked this as fake. The dude who posted the rumor was supposedly "low level IT employee of Robinhood" who heard the rumor 3rd hand. So dumb if you believe this without a shred of verification.

[Anonymous]

Anonymous wrote:

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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.

Can they PP above who asked me about my priorities read page 6 of this very thread. It did not take long...

This is exactly how things go downhilll. When people get away with things they should not get away with, others(the cynical/angry ones) start scatching their heads to figure out why the rules were rigged without consequences. Conspiracy theories start developing. And I don't blame them one bit for believing the story about Yelen. If I had put my money in GME's short squeeze, and RH did this, I would be angry enough to believe that the WH was involved.

The average person does not get away with their financial gaffes (see the arguments in threads on student loans). And confidence in the system is corroded when the not so average crowd is allowed to pull what RH just did.

[Anonymous]

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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?

They'll have gotten their money's worth.

You think this is fun money, but it's not. There are people buying on margin, people playing options. There will be people putting money they can't afford to lose. I have seen this before. Around the year 2000, we saw lots of people get wrecked by pump and dump scammers. Go look up Tokyo Joe. Perfect example of how a pump and dump works. Sounds exactly like what's going on this subreddit.

Have you gone to the subreddit and read through the threads or are you just pulling your opinions from up your arse?

So RH was trying to save the little guy from pump and dump by restricting purchasing so that the hedge funds can buy cheap from the little guy who was already in? Is this the solution?

You call today's price cheap???

If the little guy that you are pretending to care about bought in at $300 and the hedge funds through manipulation are buying from him at $150, that's pretty cheap.

[Anonymous]