Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

[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:

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???

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.

Pretending. You have no idea.

For someone who bought at $300, $150 is a loss. That doesn't make the price "cheap". No serious long term investor would buy shares in Gamestop, for its value as a company, at $150. You don't know the difference between speculation and investing, and you certainly don't know when you are being manipulated.

[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?

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.

There's no grift. There was no pump and dump. WSB said hold. They said do nothing. They saw a situation where billionaire investment professional traders had a ton of naked shorts and took advantage. The professionals screwed up and retail took advantage. Then the brokerages bailed out the hedge funds by forcing retail to sell at a loss. Last i checked, it's illegal to do a naked short. It's not illegal to refuse to sell a stock for a low price.

How can you even pretend to talk about valuations? Tesla is worth more than every other car company in the entire world combined. Apple just produced record breaking insane quarterly profits and fell in price. Stock valuations are not as pure as you claim.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

RH let people buy on margin. They had no choice but to protect themselves. A lot of people are going to suffer, and it's not going to be hedge funds or trading platforms or banks. It's going to be small investors who got in over their heads. The stock is not anywhere near its actual value, and no small investor should be paying more than its actual value. We can have differences in opinion as to what that value is, but it sure ain't $400. It's not $100.

[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?

ooh, "outrage" from the privileged stock buying elite. What happened, did somebody pee in your caviar?

[Anonymous]

Oh, no worries.

Maxine Waters says she'll be investigating. We can all rest easy. /s

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

Think about it for a second.

You have a system that glorifies capitalism: "Everyone can get rich if they work harder/smarter". "Money is success ". "These hedge funds are so smart that they have figured out how they can make billions of dollars betting on stocks". "If you were smarter/more hardworking, you can make millions too".

Some smart people figure out how to outsmart the "smart" hedge funds, and the hedge funds pull the rugs.

What do you expect people to think?

[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?

ooh, "outrage" from the privileged stock buying elite. What happened, did somebody pee in your caviar?

Sorry, this argument doesn't work anymore. You can buy fractional stocks on these platforms, or buy as little or as much as you want. It's all gambling, and people who buy lottery tickets could use the same money and get an account on any platform. There is a privileged stock buying elite but there are also small investors.

[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?

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.

There's no grift. There was no pump and dump. WSB said hold. They said do nothing. They saw a situation where billionaire investment professional traders had a ton of naked shorts and took advantage. The professionals screwed up and retail took advantage. Then the brokerages bailed out the hedge funds by forcing retail to sell at a loss. Last i checked, it's illegal to do a naked short. It's not illegal to refuse to sell a stock for a low price.

How can you even pretend to talk about valuations? Tesla is worth more than every other car company in the entire world combined. Apple just produced record breaking insane quarterly profits and fell in price. Stock valuations are not as pure as you claim.

Oh stop. You aren't an investor. You are a speculator. You are now telling me that stock prices mean nothing.
1. Tesla is overvalued. If I actually believed in short selling, I would do it. But I don't.
2. There is nothing illogical about a stock's price going down after a good earnings announcement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

Think about it for a second.

You have a system that glorifies capitalism: "Everyone can get rich if they work harder/smarter". "Money is success ". "These hedge funds are so smart that they have figured out how they can make billions of dollars betting on stocks". "If you were smarter/more hardworking, you can make millions too".

Some smart people figure out how to outsmart the "smart" hedge funds, and the hedge funds pull the rugs.

What do you expect people to think?

How dare the plebeians now know their place under my heel!!!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

Think about it for a second.

You have a system that glorifies capitalism: "Everyone can get rich if they work harder/smarter". "Money is success ". "These hedge funds are so smart that they have figured out how they can make billions of dollars betting on stocks". "If you were smarter/more hardworking, you can make millions too".

Some smart people figure out how to outsmart the "smart" hedge funds, and the hedge funds pull the rugs.

What do you expect people to think?

You should question the idea that the hedge funds pulled the rugs. This really is starting to sound like QAnon.

[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:

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???

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.

Pretending. You have no idea.

For someone who bought at $300, $150 is a loss. That doesn't make the price "cheap". No serious long term investor would buy shares in Gamestop, for its value as a company, at $150. You don't know the difference between speculation and investing, and you certainly don't know when you are being manipulated.

You can keep trying to shift the arguments to semantics. That should work better for you than your refusal to admit that RH manipulated the market to benefit hedge funds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

RH let people buy on margin. They had no choice but to protect themselves. A lot of people are going to suffer, and it's not going to be hedge funds or trading platforms or banks. It's going to be small investors who got in over their heads. The stock is not anywhere near its actual value, and no small investor should be paying more than its actual value. We can have differences in opinion as to what that value is, but it sure ain't $400. It's not $100.

Value is determined by buyer and seller. It is relative.

This was a short term stock trade not a long term investment. The same kind of trade that institutions and hedge funds do trillions of dollars worth every year. There was absolutely nothing unusual or untoward about their trade. The only difference is that im this case it was done by small money while big money refused to cover their naked shorts. Big money chose to continue gambling against small money and then got the brokers to bail them out.

Oh, and by the way, there's still another day left on the trade. Were they forced to.cover all their shorts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

God it's like we learned nothing from QAnon.

It will only get worse if RH and the hedge funds are not punished...

Think about it for a second.

You have a system that glorifies capitalism: "Everyone can get rich if they work harder/smarter". "Money is success ". "These hedge funds are so smart that they have figured out how they can make billions of dollars betting on stocks". "If you were smarter/more hardworking, you can make millions too".

Some smart people figure out how to outsmart the "smart" hedge funds, and the hedge funds pull the rugs.

What do you expect people to think?

You should question the idea that the hedge funds pulled the rugs. This really is starting to sound like QAnon.

And you should question when inconveniences to entrenched interests are increasingly labeled as “conspiracy theories”.