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]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.  [/quote]

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.[/quote]

God it's like we learned nothing from QAnon.[/quote]

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

[/quote]

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.  [/quote]

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?[/quote]

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