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]https://www.reddit.com/r/wallstreetbets/comments/l9cz1k/for_everyone_that_just_joined_because_of_gme_and/

This is exactly why WSB is going to ruin a lot of individuals who get suckered into a ponzi scheme.  Tiny disclaimer at the bottom does not absolve them of guilt.

Regular people will go bankrupt listening to this.  Meanwhile Melvin Capital will have a bad year, and then they will keep on managing a hedge fund until they retire.[/quote]

If this frenzy is artificially popped by tilting the scales even further in favor of the hedge funds then the people you are concerned about will get hurt worse.  We have to let this play out naturally.  Those risks are forseeable.  The risks of popping this artificially are not.[/quote]

No, those people will get hurt by the same amount.  There will be fewer winners in the ponzi scheme though.

And frankly there is no "scales tipping" going on.  If you are butthurt about Thursday, get a bigger and better broker.  Honestly you can't expect to take on the seventh fleet from a speedboat with a machine gun on it.  Talk about how a little company like Robin Hood somehow rigged the system is a conspiracy theory.  And ultimately the SEC will write a report that says they were in danger of going below their required capital ratios.  WSB will, like good conspiracy theorists, claim that this is proof that "THE CONSPIRACY GOES EVEN DEEPER".

The WSB instructions on Thursday were to hold.   And RH never restricted holding.  WSB was mad that people might sell what they freely own.  Think about that.

Ultimately the WSB plan will fall apart because they aren't a unified syndicate with pooled profits, and when profit taking comes, it's every man for himself.  There will be no settlement day where the people who got in at $300 or $400 get money.  You could already be suckered.  For all you know, some of the paper multimillionaires may have already hedged their positions.  If you are relying on their portfolio screenshots to tell the truth, good luck with that.  The guy who started this never intended to launch a crusade to destroy short selling.  Why would you expect him to take up the cause now?  Fear that his life will be threatened if he does, maybe.  It is rational to expect that he is looking out or his family right now.  He's a renter who currently has $40M.  and knows how to lock in those profits without showing his cards.  Not saying he did, but why wouldn't he?

Most squeezes and market cornering efforts fail.  Sometimes both sides go down the toilet. And those efforts are an individual or a small group of highly unified individuals.  In this case you have thousands of people with indvidual motives.  Those range from a $500 bet to "stick it to the man", to someone going all in to pay off college debt, to someone else who doesn't even understand what buying on margin means but sees a boat or a house in his future.

I have seen a few people describe them as "collateral damage".  Hey, you aren't a bond villain.  You're a person who must weigh the ethics of participating in this scheme based on misinformation, in the same way a member of Congress needs to weigh the ethics of challenging certification of the vote with an uneducated/delusional mob outside.  [/quote]

Wow, how deep in the hole are you?  Because this is some hillarious paranoia.  It'll be ok, you'll be fine.  Cover your shorts and take your losses.  You shouldn't be in the game if you can't handle the consequences.

If you must know.  I do use multiple of those "real" brokerages.  What's more the only position I have in GME are puts.  That doesn't change the fundamental analysis of what happened or what will happen.  It also doesn't change the policy position I advocate.  So called smart money has been taking a pound of flesh from retail constantly.  The front run the order flow to take a skim.  The pump up penny stocks to start momentum and then crash it when retail jumps in.  They do all this simply be virtue of having more capital, more leverage, and more information.  For once, due to a confluence of unique situations, they turned the tables and succeeded.  They did this through hard work and smart analysis.  The idiots should be praised not villified.

And seriously, may a thousand perils rain down upon you for comparing them to seditionist traitors.  I dont care how much money you are loosing.  That's not cool.[/quote]

Haha I don't have a dime in this.  Your thousand perils missed.  And way to go, you're shorting the market, just like the big boys.  You're just mad they have more $$, not that they do anything wrong.  [/quote]

I'm not mad about anything.  I do what I do and I do it well.  I just don't take kindly to your lies and distortions.[/quote]

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