Reddit versus Wall Street

[Pwns]

It's hard for me to wrap my brain around hedge funds worth billions being brought to their knees because of what happens with the stock of some small, niche retailer. They really are built on sand. And of course if individuals or small firms blow up their nest eggs because of manipulation by the big boys it's "too bad, peasant...don't put all your eggs in one basket". Rigged system.

Where's kalm when you need him?

[∞∞∞]

Well GME is crashing now that every brokerage firm has essentially stopped or limited trading. It was bound to crash no matter what, but now it's happening sooner than later and before the hedge fund contracts are due.

Just remember boys: it's only insider trading if outsiders do it.

[Ibanez]

Well GME is crashing now that every brokerage firm has essentially stopped or limited trading. It was bound to crash no matter what, but now it's happening sooner than later and before the hedge fund contracts are due.

Just remember boys: it's only insider trading if outsiders do it.

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

[Pwns]

Diverse people from AOC, Glenn Beck (on his show), and Ted Cruz talking about how the system is rigged. But of course one of the few issues you can get one moment of "unity" on is one thing where the Biden admin will side with the money.

[Ibanez]

It's hard for me to wrap my brain around hedge funds worth billions being brought to their knees because of what happens with the stock of some small, niche retailer. They really are built on sand. And of course if individuals or small firms blow up their nest eggs because of manipulation by the big boys it's "too bad, peasant...don't put all your eggs in one basket". Rigged system.

Where's kalm when you need him?

It's piss poor risk management. The regulatory scrutiny of this will probably be eye opening.

This is also a perfect example of why firms that focus on short sellers are in the minority.

[Ibanez]

Class action lawsuit for market manipulation against Robinhood has been filed.


Fuckers.

[Col Hogan]

Class action lawsuit for market manipulation against Robinhood has been filed.


Fuckers.

That's really gonna screw up the IPO that Robinhood is working on with Goldman Sachs...

[Ibanez]

Class action lawsuit for market manipulation against Robinhood has been filed.


Fuckers.

That's really gonna screw up the IPO that Robinhood is working on with Goldman Sachs...

They should've considered that before they restricted the free market in order to save hedge funds...especially the one they're connected to.

[HI54UNI]

Seeing posts on social media with people saying things like I have $50, $250, $1000 or other relatively small amounts invested in GME and how they will lose it all rather than sell so a hedge fund can buy and cover its shorts.

[Ibanez]

Seeing posts on social media with people saying things like I have $50, $250, $1000 or other relatively small amounts invested in GME and how they will lose it all rather than sell so a hedge fund can buy and cover its shorts.

There's a lot of that talk on Reddit. It's ridiculous.

What's happening with Robinhood, TD Ameritrade, E*Trade restricting the free market, in plain sight, is criminal. The hedge funds that shorted stocks are the only ones that can make money, not the people buying stock.

[HI54UNI]

Well GME is crashing now that every brokerage firm has essentially stopped or limited trading. It was bound to crash no matter what, but now it's happening sooner than later and before the hedge fund contracts are due.

Just remember boys: it's only insider trading if outsiders do it.

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

I think a lot of MAGA, BLM, and Gamestop traders have a lot in common. Leadership in MAGA & BLM, the parties, and the media want to keep those groups divided. Gamestop shows what could happen if the common people would unite on the things they agree on.

[BDKJMU]

I feel dirty.

They say American Airlines stock in next.

I've seen that. AAL needs some real fundamentals/news to come out. AMC is seeing a boost due to new investors. I may throw $1k into today and see what happens.

I saw last night the calls were opened up to $570. That's ridiculous. Pre market has it at $451. It kind of makes me regret selling 1/2 my positions yesterday.

Yesterday: rated dead last of all 9 US airlines for 2020 in customer satisfaction.
https://www.wsj.com/articles/the-best-a ... 1611756016

[HI54UNI]

Seeing posts on social media with people saying things like I have $50, $250, $1000 or other relatively small amounts invested in GME and how they will lose it all rather than sell so a hedge fund can buy and cover its shorts.

There's a lot of that talk on Reddit. It's ridiculous.

What's happening with Robinhood, TD Ameritrade, E*Trade restricting the free market, in plain sight, is criminal. The hedge funds that shorted stocks are the only ones that can make money, not the people buying stock.

Agreed.

If the SEC and Biden DOJ don't go after those companies for market manipulation that will show their true colors.

[HI54UNI]

[Ibanez]

There's a lot of that talk on Reddit. It's ridiculous.

What's happening with Robinhood, TD Ameritrade, E*Trade restricting the free market, in plain sight, is criminal. The hedge funds that shorted stocks are the only ones that can make money, not the people buying stock.

Agreed.

If the SEC and Biden DOJ don't go after those companies for market manipulation that will show their true colors.

I think they're going to. There's a lot of public pressure, Representatives and even Pelosi have spoken up about it, the SEC was already going to investigate.

I've got to find another online broker now. To hell with Robinhood and TD.

[∞∞∞]

The lawsuit will get dismissed because the legal system is also rigged.

Here's the story of one name behind the lawsuit:

Nathan, a 35-year-old welder, was one of the Reddit users locked out of further GameStop stock trades on Thursday. But he said he didn’t join in on the craze just to make money.

“I’ve never owned stocks in my life. I don’t really care about it too much,” he told The Daily Beast.

“Back in 2008, when the big financial crash happened, my family lost everything. Literally, a police officer escorted a moving company into our house,” he said. “I kind of had a chip on my shoulder about it. And it just felt like a way that I could get back at them.”

[Col Hogan]

[∞∞∞]

[AZGrizFan]

Well GME is crashing now that every brokerage firm has essentially stopped or limited trading. It was bound to crash no matter what, but now it's happening sooner than later and before the hedge fund contracts are due.

Just remember boys: it's only insider trading if outsiders do it.

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

What a phenomenal move by the reddit users. Truly proving the emperor has no clothes.

[AZGrizFan]

[AZGrizFan]

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

I think a lot of MAGA, BLM, and Gamestop traders have a lot in common. Leadership in MAGA & BLM, the parties, and the media want to keep those groups divided. Gamestop shows what could happen if the common people would unite on the things they agree on.

[∞∞∞]

Well GME is crashing now that every brokerage firm has essentially stopped or limited trading. It was bound to crash no matter what, but now it's happening sooner than later and before the hedge fund contracts are due.

Just remember boys: it's only insider trading if outsiders do it.

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

I'm still in (bought a singular stock at $220). I plan to go down with this ship.

[AZGrizFan]

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

I'm still in (bought a singular stock at $220). I plan to go down with this ship.

Why? Other than the fact nobody will let you sell it

[∞∞∞]

I'm still in (bought a singular stock at $220). I plan to go down with this ship.

Why? Other than the fact nobody will let you sell it

That's the whole point of this: hold to squeeze the short sellers.

People who need the money should sell, but for the rest of us who can afford to lose it, the game is to hurt the hedge funds as long as possible. It's not about the money now (especially after the market shenanigans). It's simply a rare chance for people to fight back.

[∞∞∞]

AOC now live to talk about it: