Reply to Robin Hood just ended trading on GameStop and AMC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is this in politics, d scum [/quote]

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

This administration better not even think of bailing these idiots out of this one.[/quote]

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

Slap on the wrist and keep it moving. [/quote]

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

What’s your point? My point was about conflicts of interest in the Biden administration.[/quote]

That sounds totally Trumpian.  Any connection = a conflict of interest for the entire organization.  I'm sure I could find members of the Biden administration who have equity positions in GameStop.  Oh wait, look Blackrock made a billion dollars off of the Gamestop runup, and it's chock full of Biden connections!  https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12

See, that was easy.  [/quote]

You’re deflecting. Everything that you don’t like is “Trumpian”. Stop acting like regulatory capture and revolving door haven’t been issues for some time now.[/quote]

This. Amen. [/quote]

No, you need to demonstrate a conflict, not merely fish around for a connection.  I just gave you a connection that works in the favor of Gamestop.  So do they cancel each other out?  Are they both meaningless?  Or do you get to pick the one you like, without any evidence to support them?

It's exactly like Trump blaming a judge's Mexican heritage for blocking his travel ban.  Or blaming WaPo stories on their connection to Bezos.  Or insinuating that Mueller can't be trusted because he worked with Comey.

This is how conspiracy theorists work.  They dig out connections and then without proof declare them to be evidence of a conspiracy.[/quote]

DP.

I agree with you that this is how conspiracy theorists work. However, conspiracy theorists thrive in environments where there is a lot of cynism. If RH goes unpunished for this, cynism will multiply.

I am a poster on another thread who has 3 close friends/family members who voted for Trump. These men are highly educated, not racist and not poor. But they are highly cynical about everything. These are people who are playing by the rules and making a good life for themselves. Yet they are convinced that the rules don't apply to a small group of people and that these people control everything. They are convinced that it's only a matter of time before this group of people find a way to screw them over.

This RH event if not handled properly by this administration will lead to several other people becoming highly cynical. If we are going to fight conspiracy theorist, we have to fight instances like this that foster cynism.

[/quote]

Yes!

Radical transparency is the only way to combaf conspiracy thinking.  The internet has closed the gap on the information disparity between elites and the masses.  [/quote]

IF you want radical transparency, then we should find out whether people on WallStreetBets are selling while they encourage others to buy or hold.  That's radical transparency.[/quote]

No need. I'm 99.9999999% certain that some did this. Certainly not illegal or even an abuse of power. [/quote]

It is certainly illegal.  It's securities fraud.  [/quote]

... 
 What Is Pump-and-Dump?

Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements. The perpetrators of this scheme already have an established position in the company's stock and sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.

https://www.investopedia.com/terms/p/pumpanddump.asp

[/quote]

Too funny.  Their statements about a gamma and now short squeeze were neither false nor misleading nor exaggerated.  A random middle class dad from Boston had a good trading idea.  That's it.  There's not some giant conspiracy.  Comet has no basement.[/quote]

You seem to be unfamiliar with the things posted on the reddit.  There is an ocean full of false, misleading, and exaggerated statements.

If this blows up, the SEC will tie individuals' statements to their trades, and then we'll see if there is a conspiracy.  [/quote]

You seem to be having a problem sorting through the way internet nerds talk nowadays.  It sucks getting old, I know.  But Comey has no baseny.  [/quote]

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