Utopia Talk / Politics / Reddit vs. Wall Street

Forwyn Member	Wed Jan 27 15:13:04 Lulz. CNBC and other stooges are now whining for SEC oversight and crying about short-selling parasites losing money. Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%. The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop’s stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop’s stock as high as $380 on Wednesday, up from $18 just a few weeks ago. The stunning seizure of power gives some validation to smaller-pocketed investors, many of whom are encouraging each other on Reddit and are trading stocks for the first time thanks to all the brokerages offering free-trading apps. It’s also left much of Wall Street asking if the wildness is proof the stock market, which recently traded at record levels, is in a dangerous bubble about to pop. Two investment firms that had placed bets for money-losing GameStop’s stock to fall have essentially thrown in the towel. One, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet and took “a loss, 100%” to do so. But Andrew Left, who runs Citron, said that does not change his view that GameStop’s stock will eventually go down. “We move on,” Left said. “Nothing has changed with GameStop except the stock price,” He also said he has ”respect for the market,” which can run stock prices up much higher than where critics say they should be, at least for a while. Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. He denied rumors that the hedge fund will fail. The size of the losses taken by Citron and Melvin are unknown. Before its recent explosion, GameStop’s stock had been struggling for a long time. The company has lost $1.6 billion over the last 12 quarters as sales of video games increasingly go online, and its stock fell for six straight years before rebounding in 2020. That pushed many professional investors to make bets that GameStop’s stock will decline even further. In such bets, called “short sales,” investors borrow a share and sell it in hopes of buying it back later at a lower price and pocketing the difference. GameStop is one of the most shorted stocks on Wall Street. But its stock began rising sharply earlier this month after a co-founder of Chewy, the online seller of pet supplies, joined the company’s board. The thought is that he could help in the company’s transformation as it focuses more on digital sales and closes brick-and-mortar stores. Its shares jumped to $19.94 from less than $18 on Jan. 11. At the time, it seemed like a huge move for the stock. Smaller investors were meanwhile encouraging each other on Reddit and elsewhere online to push GameStop’s stock ever higher. The raucous discussions are full of sarcasm, self deprecation and emojis of rocket ships signifying belief that GameStock’s stock will fly to the moon. “WHAT IS AN ACTUAL RATIONAL SELLING POINT, (ABOVE 200? 500?) SO I DONT HAVE TO WATCH THIS TICKER EVERY SECOND UNTIL FRIDAY/MONDAY????” one user wrote in a Reddit discussion Tuesday afternoon as GameStop soared. “I HAVE NO IDEA WHAT I’M DOING,” adding that they had other things to do. There is no overriding reason why GameStop has attracted this cavalcade of smaller and first-time investors, but there is a distinct component of revenge against Wall Street in communications online. “The same rich people that caused the market crash in 2007/08 are still in power and continue to manipulate the market to get even richer, we are just taking back our fair share,” one user wrote on Reddit. “hey mom i can’t come up for dinner,” another user wrote. “i’m bankrupting a 10 figure hedge fund with the boys.” Beyond personal attacks, the battle has also created big financial losses for Wall Street players who shorted GameStop’s stock. As GameStop’s gains built and short sellers scrambled to get out of their bets, they had to buy shares to do so. That accelerated the momentum even more, creating a feedback loop. As of Tuesday, short sellers of GameStop were already down more than $5 billion in 2021, according to S3 Partners. Much of professional Wall Street remains pessimistic that GameStop’s stock can hold onto its immense gains. The company is unlikely to start making big enough profits to justify a $300 stock price anytime soon, analysts say. Analysts at BofA Global Research raised their price target for GameStop on Wednesday from $1.60, all the way up to $10. All the mania is raising some concern that investors are taking excessive risks, and reporters asked Federal Reserve Chair Jerome Powell on Wednesday whether the Fed’s moves to support markets through the pandemic is helping to push stock prices too high. Powell downplayed the role of low interest rates and pointed to investors’ expectations for COVID-19 vaccines and more stimulus from Washington for the economy as drivers for record stock prices. Meanwhile, some smaller investors online say they’re already moving on to other heavily shorted stocks as their next targets. AMC Entertainment Holdings Inc., the theater chain ravaged by the pandemic, saw its stock surge 285% Wednesday, and #SaveAMC was trending on Twitter. http://apn...fe08b10002e7bb334983948f53b6e4
Rugian Member	Wed Jan 27 15:16:51 GameStonks! Lol Melvin Capital can get fucked. Aw, they lost money in the stock market? Tough shit, investments carry risks.
Renzo Marquez Member	Wed Jan 27 15:18:27 I bought a little AMC for the lulz just to take part.
LazyCommunist Member	Wed Jan 27 15:39:53 A real eye opener for you crazy capitalists, eh?
The Children Member	Wed Jan 27 15:40:12 how u know which 2 buy and when 2 buy
Forwyn Member	Wed Jan 27 16:00:19 AMC, Gamestop, and Nokia all allegedly suspended GameStop (NYSE:GME) stock should be halted from trading by the New York Stock Exchange for 30 days so it can "cool down," Barron's reported, citing interview with Massachusetts top securities regulator. “I really think at this point it calls upon the regulators, in this case, the New York Stock Exchange, to consider simply suspending it for a month and stop trading it,” William Galvin, the Secretary of the Commonwealth of Massachusetts, told Barron's.
Rugian Member	Wed Jan 27 16:02:06 What the actual fuck.
obaminated Member	Wed Jan 27 16:18:00 dont worry guys, biden doesnt owe anything to wall street, he will crack down on this.
Renzo Marquez Member	Wed Jan 27 17:29:29 The Empire Strikes Back: Josh Caplan @joshdcaplan THE VERGE: Discord bans r/WallStreetBets server http://twitter.com/joshdcaplan/status/1354568627358457861
Renzo Marquez Member	Wed Jan 27 17:29:39 The subreddit will probably be gone soon too.
Renzo Marquez Member	Wed Jan 27 17:55:49 Subreddit went private and the meme stocks immediately crashed in after hours trading.
Rugian Member	Wed Jan 27 17:57:16 The Establishment (TM) has just gone full-out on internet censorship, haven't they. On the plus side, Congress and Wall Street are as free as ever to engage in insider trading and market manipulation. Good times.
Rugian Member	Wed Jan 27 17:59:49 At least your AMC stock might still have some legs with $900 million of new financing behind it.
Renzo Marquez Member	Wed Jan 27 18:07:47 My position is very small. Just bought it for the troll equity.
Renzo Marquez Member	Wed Jan 27 18:16:48 New subreddit: http://www.reddit.com/r/Wallstreetbetsnew/
Sam Adams Member	Wed Jan 27 18:21:20 Ahahahaha this was some hilarious epic trolling.
Renzo Marquez Member	Wed Jan 27 18:28:17 http://twitter.com/IDFSaturn/status/1354565564165926913
Sam Adams Member	Wed Jan 27 18:50:07 http://www...tock-surge-trumpism/index.html Cnn does actually blame this on trump. Ahahah.
Wrath of Orion Member	Wed Jan 27 18:54:36 Gamestop was way, way over-shorted. Shorters and funds should probably pay more attention next time.
Sam Adams Member	Wed Jan 27 18:59:00 Lol listen to this butthurt cunt. Nasdaq CEO Suggests Halt to Trading to Allow Investors to ‘Recalibrate Their Positions’ After GameStop Surge
The Patriot Member	Wed Jan 27 19:17:16 Enjoy the ponzi scheme
Renzo Marquez Member	Wed Jan 27 19:36:28 The Patriot Member Wed Jan 27 19:17:16 "Enjoy the ponzi scheme" The fed has logged in.
Habebe Member	Wed Jan 27 19:40:42 "A real eye opener for you crazy capitalists, eh?" Well atleast its better than getting anal swabs by soldiers.
Forwyn Member	Wed Jan 27 19:49:40 "Nasdaq CEO Suggests Halt to Trading to Allow Investors to ‘Recalibrate Their Positions’ After GameStop Surge" "Investors" I imagine they have a very specific definition for this word, here.
Habebe Member	Wed Jan 27 19:57:34 Sam's CNN article is worth skimming....pretty funny.
Rugian Member	Wed Jan 27 20:18:39 lol at that CNN article. Top tier journalism site, according to IBTY's media chart!
Renzo Marquez Member	Thu Jan 28 06:16:35 GME @ 484 AMC @ 20.80 Both up bigly pre-market.
Renzo Marquez Member	Thu Jan 28 06:48:58 I don't think the Robin Hooders have access to pre-market trading til 9 AM Eastern. Will be interesting to see what happens then and at open.
Renzo Marquez Member	Thu Jan 28 06:53:33 AMC apparently doing a new share offering. Had to sell. Luckily I was online when the news came out. AMC already back under $18.
Renzo Marquez Member	Thu Jan 28 07:34:00 Wow, robinhood is not allowing people to trade GME.
Rugian Member	Thu Jan 28 07:49:20 I see that Robinhood's wikipedia page has received an update: "Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.[3][4] The company is directly controlled by “the men in suits”. On January, 28th 2021 they restricted purchases of certain stocks like: GME,AMC,NOK because they are extremely volatile. Isn't volatility part of being in the stock market? This app is not for your average, hardworking, everyday American. The company’s actions on January, 28th 2021 were a tell tale sign that they ARE the men in suits and should NOT be used by your everyday hardworking American."
The Children Member	Thu Jan 28 07:53:48 did u do that? how did u know it already received a update?
Rugian Member	Thu Jan 28 07:57:36 I just went there after seeing RM's post. Looks like the page is in the middle of a bit of an edit war.
Renzo Marquez Member	Thu Jan 28 07:58:32 I'm hearing that silver is next.
Renzo Marquez Member	Thu Jan 28 07:59:33 It looks like there is an attempt at a short squeeze for silver. http://www.kitco.com/charts/livesilver.html
Renzo Marquez Member	Thu Jan 28 08:00:27 That's the spot market but seeing something similar with SLV.
Renzo Marquez Member	Thu Jan 28 08:01:23 http://twitter.com/maxkeiser/status/1354782690394976261 Max Keiser @maxkeiser Even if platforms were to remove all Silver exchange-traded instruments, short-squeezers could keep it going by simply buying all available physical Silver from bullion dealers. 8:25 AM · Jan 28, 2021·Twitter for iPhone
Renzo Marquez Member	Thu Jan 28 08:05:28 SLV up over 4.5% pre-market.
Renzo Marquez Member	Thu Jan 28 08:07:18 +3.8% spot silver
Renzo Marquez Member	Thu Jan 28 08:09:26 First Majestic Silver (AG) is up 45% pre-market. My other PM mining and royalty companies are also up a lot but not that much.
The Children Member	Thu Jan 28 08:13:03 like what the hell. i been readin all kinds of stocks and shit going up gazillion % just coz one fuckface cunt hypes it up. like literally 50% up one day, 200% next day. this shit is manipulated and sounds more like pump and dump fake. ofc if we to buy NOW, this shit will crash 90%. its already frontloaded by these bastard fuckcunts. only they make the moniez. we r fucked. like how the hell do we knopw 2 buy silver yesterday. i even asked what 2 buy. FUCK these cunts.
Rugian Member	Thu Jan 28 08:15:16 Free silver! Dow and S&P futures are trending up. Too bad, I was going to buy the dip.
Rugian Member	Thu Jan 28 08:21:29 American Airlines is up over 50%. Because they posted a less than expected Q4 loss. Lol. The bubble is real.
Renzo Marquez Member	Thu Jan 28 08:23:08 The Children Member Thu Jan 28 08:13:03 "like how the hell do we knopw 2 buy silver yesterday." Didn't buy yesterday. Started buying around Thanksgiving. I expect a big increase in industrial demand with push for solar and EVs. The gold:silver ratio was out of whack. And our monetary and fiscal policies should lead to considerable inflation at some point... silver historically has done well during these periods I believe. Today's rally could be a mirage. Maybe the internet autists can't pump it further. But I'm in it for the long run. In terms of this push, Max Keiser did something similar in the early 2010s. And AG has been on a lot of lists of heavily shorted stocks that have been going around.
Renzo Marquez Member	Thu Jan 28 08:26:31 Gold and platinum also up but not to the same degree. Based on historical ratios, platinum is undervalued relative to the other metals. But industrially, a lot of the demand for it (catalysts) has been replaced with palladium.
habebe Member	Thu Jan 28 09:04:27 Well, look at Tesla, it wouldnt be as high as it is purely on financials. Yes speculation plays a role as well but the cult of Musk is a major factor in how successful it is. For as Many issues as corporate have had with Musk running the company if he wqs pusted as CEO its value would drop like a lead balloon.
habebe Member	Thu Jan 28 09:06:29 For comparison Teslanhas a market cap worth more than VW, Ford, GM and Toyota combined. Toyota I think is worth like 160 billion at the 2nd most valuable automaker, Tesla is worth over 900.
Renzo Marquez Member	Thu Jan 28 11:37:28 Which brokerages are still allowing Gamestop shares to be purchased?
Rugian Member	Thu Jan 28 11:54:52 I haven't seen Merrill announce any restrictions.
Dakyron Member	Thu Jan 28 12:54:17 Fidelity appears to be allowing you to buy. GME is down 118% at the moment.
Dakyron Member	Thu Jan 28 12:58:10 "*********UPDATE: as of this moment (3 hours into the trading day on the 28th January) AMC has tested its bottom and is trending around it above $10. Briefly close to $11. Get in when you can! STAY THE COURSE! HOLD THE LINE! Volatility happens. If you sell you make your paper losses permanent, and contribute to lowering prices." Retard on reddit telling his soldiers to hold the line as everywhere around them is being overrun. AMC down 10%.
Dakyron Member	Thu Jan 28 12:59:55 "Everyone’s panicking and talking about selling GME. Don’t y’all get that’s exactly what they’re trying to accomplish? The whole plan is to hold. Scare tactics are in motion and y’all are falling for it. Come on retards." Division in the ranks. This reddit thread(and entire episode) is hilarious.
Renzo Marquez Member	Thu Jan 28 13:04:24 All of the other meme stocks are BS. GME might still be interesting in the very immediate future if there are still a ton of outstanding shorts. The volume has allegedly been very low while it's dropping. Could be pure cope and maybe the shorts have covered since it dipped... but if those shorts are still out there this thing might not be done yet. There's a reason all of these trading platforms stopped letting individuals buy shares of GME... and it wasn't for the protection of those individuals. Webull and TD Ameritrade restricted trading and I really don't want to set up a new account... might not be worthwhile and might take to long even if there is an opportunity here.
Renzo Marquez Member	Thu Jan 28 13:06:59 Dakyron Member Thu Jan 28 12:58:10 "AMC down 10%." Over 50% from the pre-market high. NOK EXPR and KOSS also got smashed.
Rugian Member	Thu Jan 28 13:14:45 The irony of a company named Robinhood screwing over its users and manipulating the market to help out Wall Street hedge funds is hilarious. That IPO of theirs is going to see some revenge trading for sure.
Dakyron Member	Thu Jan 28 13:16:35 Robinhood now being sued: http://new...-lawsuit-trying-172304118.html The financial trading app Robinhood is been hit with a federal class action lawsuit after it restricted trades to stocks popular on the Reddit forum r/WallStreetBets. The lawsuit, filed in the Southern District of New York on Thursday, alleges that the app “purposefully, willfully, and knowingly removing the stock ‘GME’ from its trading platform in the midst of an unprecedented stock rise, thereby deprived [sic] retail investors of the ability to invest in the open-market and manipulating the open-market.” Robinhood, which describes itself as “democratizing finance for all” allows users to buy and sell stock, without a commission fee. A Robinhood spokesperson declined to comment on the lawsuit on Thursday. Alexander G. Cabeceiras, the attorney who filed the suit, tweeted shortly after: “‘Robinhood’s mission is to democratize finance for all.’ This is simply not true.” The lawsuit is seeking reinstatement of $GME trading to the platform, as well as a class action fee for plaintiffs, attorney’s fees, and punitive damages. Another law firm, ChapmanAlbin, said in a statement Thursday that it was “investigating claims on behalf of Robinhood users that were affected and suffered losses as a result of investing in Gamestop or AMC.” “Robinhood appears to be up to the same old tricks, recruiting social media influencers to encourage individuals to sign up and fund a Robinhood account and beginning purchasing shares of securities such as Gamestop and AMC, with no consideration as to the suitability of the purchases,” ChapmanAlbin attorney Philip Vujanov said in the statement. The firm didn’t immediately respond to The Daily Beast’s request for comment. Users of r/WallStreetBets had helped pump up the stock prices of struggling companies, most famously GameStop, as a counter to short-selling investment strategies. Through the subreddit’s campaign, which users have framed as a David and Goliath battle, GameStop’s stock ($GME) went from under $4 a share in early 2020 to well over $400 earlier on Thursday. However, on Thursday morning, Robinhood restricted further trading of $GME—along with other stocks popular in the Reddit forum, such as BlackBerry, Nokia, and AMC—only allowing users to close out of their positions. Redditors responded with rage. Users of r/WallStreetBets created a separate forum, r/ClassActionRobinHood, to coordinate a possible lawsuit against the app. The subreddit had racked up over 10,000 subscribers as of Thursday afternoon. It is unclear whether this lawsuit is linked to the subreddit. The creator of the forum did not immediately respond to The Daily Beast’s request for comment. He Joined the GameStop Uprising to Screw the Big Guys—and Save His Dog’s Life Also on Thursday, Rep. Alexandria Ocasio-Cortez (D-NY), a member of the House Financial Services Committee, said she would “support a hearing if necessary” into Robinhood’s actions. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” she wrote on Twitter. Sen. Ted Cruz (R-TX) responded, “Fully agree.” Arya Hodjat Thu, January 28, 2021, 10:23 AM Michael M. Santiago/Getty Michael M. Santiago/Getty The financial trading app Robinhood is been hit with a federal class action lawsuit after it restricted trades to stocks popular on the Reddit forum r/WallStreetBets. The lawsuit, filed in the Southern District of New York on Thursday, alleges that the app “purposefully, willfully, and knowingly removing the stock ‘GME’ from its trading platform in the midst of an unprecedented stock rise, thereby deprived [sic] retail investors of the ability to invest in the open-market and manipulating the open-market.” Robinhood, which describes itself as “democratizing finance for all” allows users to buy and sell stock, without a commission fee. A Robinhood spokesperson declined to comment on the lawsuit on Thursday. Alexander G. Cabeceiras, the attorney who filed the suit, tweeted shortly after: “‘Robinhood’s mission is to democratize finance for all.’ This is simply not true.” The lawsuit is seeking reinstatement of $GME trading to the platform, as well as a class action fee for plaintiffs, attorney’s fees, and punitive damages. Another law firm, ChapmanAlbin, said in a statement Thursday that it was “investigating claims on behalf of Robinhood users that were affected and suffered losses as a result of investing in Gamestop or AMC.” “Robinhood appears to be up to the same old tricks, recruiting social media influencers to encourage individuals to sign up and fund a Robinhood account and beginning purchasing shares of securities such as Gamestop and AMC, with no consideration as to the suitability of the purchases,” ChapmanAlbin attorney Philip Vujanov said in the statement. The firm didn’t immediately respond to The Daily Beast’s request for comment. Users of r/WallStreetBets had helped pump up the stock prices of struggling companies, most famously GameStop, as a counter to short-selling investment strategies. Through the subreddit’s campaign, which users have framed as a David and Goliath battle, GameStop’s stock ($GME) went from under $4 a share in early 2020 to well over $400 earlier on Thursday. However, on Thursday morning, Robinhood restricted further trading of $GME—along with other stocks popular in the Reddit forum, such as BlackBerry, Nokia, and AMC—only allowing users to close out of their positions. Redditors responded with rage. Users of r/WallStreetBets created a separate forum, r/ClassActionRobinHood, to coordinate a possible lawsuit against the app. The subreddit had racked up over 10,000 subscribers as of Thursday afternoon. It is unclear whether this lawsuit is linked to the subreddit. The creator of the forum did not immediately respond to The Daily Beast’s request for comment. He Joined the GameStop Uprising to Screw the Big Guys—and Save His Dog’s Life Also on Thursday, Rep. Alexandria Ocasio-Cortez (D-NY), a member of the House Financial Services Committee, said she would “support a hearing if necessary” into Robinhood’s actions. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” she wrote on Twitter. Sen. Ted Cruz (R-TX) responded, “Fully agree.” 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.”
Renzo Marquez Member	Thu Jan 28 13:18:04 Apparently Robinhood is facing multiple class action lawsuits. I don't know anything about securities law so maybe it's legal but it's clearly dirty market manipulation and it's going to kill Robinhood.
Renzo Marquez Member	Thu Jan 28 13:29:28 TDAmeritrade apparently now allowing GME buys but not on margin. It's at $235 now. It would have to drop a lot more and I'd have to confirm the shorts still need to cover before I'd even consider it.
Sam Adams Member	Thu Jan 28 13:30:26 Invest in land.
Habebe Member	Thu Jan 28 13:39:12 Invest in whores. Aint no business like hoe business.
hood Member	Thu Jan 28 16:52:39 Really hoping the administration and SEC doesn't step in. Let the gamblers lose their shit.
Renzo Marquez Member	Thu Jan 28 17:10:58 Most likely they already have stepped in and told the brokers to limit to sell only so the prices plummeted and shorts could cover. We'll see. Robinhood is apparently going to let people buy tomorrow. Webull and TD Ameritrade already did late this afternoon. Will be interesting to see the short interest #s.
Sam Adams Member	Thu Jan 28 19:34:48 "Really hoping the administration and SEC doesn't step in. Let the gamblers lose their shit." Of course they are going to step in. Who do you think owned the shorts.
Y2A Member	Thu Jan 28 19:49:05 "Habebe Member Thu Jan 28 13:39:12 Invest in whores. Aint no business like hoe business." http://www.youtube.com/watch?v=gWKLItVXKdg
hood Member	Fri Jan 29 03:59:46 http://www.youtube.com/watch?v=4RS4JIEVyXM&t=0s A brokerage CEO explains the GME stuff. Good interview.
Renzo Marquez Member	Fri Jan 29 07:19:46 Spot silver up another dollar per ounce today.
Nimatzo iChihuaha	Fri Jan 29 09:21:38 Nice find hood.
Renzo Marquez Member	Fri Jan 29 09:58:35 A different brokerage head with a different explanation: http://www...out-integrity-of-markets-video The Robinhood CEO also did a public interview and it was obvious from the language he used that he is lawyered up.
Dakyron Member	Fri Jan 29 09:59:50 GME up 72% today. Retards aren't giving up.
Renzo Marquez Member	Fri Jan 29 10:04:20 Dakyron Member Fri Jan 29 09:59:50 "GME up 72% today. Retards aren't giving up." If the shorts didn't cover yesterday it has a lot more room to go up.
habebe Member	Fri Jan 29 10:39:25 How does gamestop feel about this, they seem oddly silent.
swordtail Anarchist Prime	Fri Jan 29 11:51:04 Wallstreetbets & the alt-right - the slander train is leaving the station. http://www.youtube.com/watch?v=k_oNLeMuxvg
habebe Member	Fri Jan 29 11:53:06 I seen people are already blaming this on " right wing extremists"
Rugian Member	Fri Jan 29 12:12:13 lulz. Combine that with the fact that the media now labels the alt-right as domestic terrorists in the wake of the Capitol riot, and I think you can make the argument that buying Gamestop stock puts you at risk of being sent to Gitmo.
habebe Member	Fri Jan 29 12:57:40 http://www...tweets-are-moving-markets.html I figured this thread would be a good place for this. Basically people are worried about Musk having the sway he does in the stock market. Which while we should be concerned about such a power in general, I one complaimed when it was Buffet reassuring markets.
jergul large member	Fri Jan 29 13:06:50 Sentiment is moving markets. Does it really matter who's sentiment? Its probably good for the market as a whole that shorting gets some implicit risk made explicit.
Habebe Member	Fri Jan 29 13:30:14 This is weird. Im actually agreeing with Jergul.... Except that Im not sure of he would support regulations on sentiment. It is a good time to reconsider short selling rules though.
Renzo Marquez Member	Fri Jan 29 14:38:22 Robinhood is restricting a big list of stocks now. 1 share for some. 5 for others. http://rob...t-market-volatility/?region=US
Rugian Member	Fri Jan 29 14:53:38 Does this week seriously harm Robinhood in the long run? Clearly they have access to capital and consumers' memories can be short-lived, but they really took it in the chin here.
Sam Adams Member	Fri Jan 29 14:54:18 Google deleted all the 1 star reviews for robinhood.
Sam Adams Member	Fri Jan 29 15:02:02 SEC investigating robinhood.
Sam Adams Member	Fri Jan 29 15:02:30 Everyone should get together and short the fuck out of them on their IPO
Renzo Marquez Member	Fri Jan 29 15:05:08 Rugian, I think it has to do damage but some of the alternatives have also been shitty on this. Will be interesting to see if competitors try to use this to their advantage.
Renzo Marquez Member	Fri Jan 29 15:14:12 My primary account is on Webull and they were blocking GME, AMC, etc buys yesterday. I have another account with TDAmeritrade so I can fuck around with stonks that aren't listed in the US (though there are commissions for these trades). I read a news article saying TDAmeritrade also restricted buys of the wsb stonks. We also have three different CEOs with three different rationales for the trade restrictions. One of the CEOs indicated that he wasn't worried about his brokerage but about other brokerages being at risk. That obviously smells like BS. Feds probably stepped in with threats on behalf of hedge funds that were short.
Renzo Marquez Member	Fri Jan 29 15:16:11 http://pbs...XYAUC6a6?format=jpg&name=large
hood Member	Fri Jan 29 15:28:02 "My primary account is on Webull and they were blocking GME, AMC, etc buys yesterday." The interview I posted actually explained why Webull pulled GME and AMG yesterday - it wasn't their decision.
Renzo Marquez Member	Fri Jan 29 15:37:12 hood Member Fri Jan 29 15:28:02 "The interview I posted actually explained why Webull pulled GME and AMG yesterday - it wasn't their decision." Yes, I watched it and I'm familiar with his claims. I also watched interviews with people from Robinhood and Interactive Brokers (posted above) and I'm familiar with their claims.
The Children Member	Fri Jan 29 17:09:10 something wicked this way commmeeeeessssss...
kargen Member	Fri Jan 29 17:25:06 This is going to take a long time to figure out. Did all the small investors conspire to manipulate a stock? When large corporations do this it usually results in legal consequences. Doesn't matter the reason only if they conspired to manipulate the price. Were the large firms that initially shorted the stock trying to manipulate prices or in the case of Gamestop did they see a company that is failing and simply take advantage? Now it turns out some individuals and companies with large amounts of money might have been in on the ride to take advantage of what the little guys were doing. They saw what would happen and planned to make millions taking advantage. Was that illegal or not? They didn't act on inside information and it appears were not part of the efforts to cause the initial price increases. They did take advantage as it was happening but again was that legal? Then we have all the next day crap with the shut downs on certain traders. That is the biggest mess and in the end will probably result in the biggest changes. I would guess if it isn't illegal to lock out only certain types of traders it soon will be. I'm hoping people see this should probably be only a one time thing. Now that the big guys know what the little guys can do they are going to start monitoring and they will have the resources to make millions if this is attempted again. I'm not sure you can simply end trading short without restructuring the entire market. Shorting is as viable trading strategy as any other only with more risk involved. Shorting to manipulate prices is a problem and should be illegal but that would be tough to prove.
The Children Member	Fri Jan 29 17:37:35 something wicked this way comes, fool.
kargen Member	Fri Jan 29 18:27:01 that is pretty much what I said idiot. Congratulations though on typing eight words in a row and spelling all of them correct. Discover auto-correct finally?
Forwyn Member	Fri Jan 29 18:52:54 "Google deleted all the 1 star reviews for robinhood." Google should be McVeigh'd tbh
Pillz Member	Fri Jan 29 21:32:30 "Now that the big guys know what the little guys can do they are going to start monitoring and they will have the resources to make millions if this is attempted again." Counter to every counter.
Habebe Member	Sat Jan 30 08:51:37 http://www...-mom-gave-him-2-years-ago/amp/ Fifth grader got a few shares for knock off Xmas a few years back. Paid 6$, sold them for $3200. Cool story.
Renzo Marquez Member	Sun Jan 31 10:09:07 It's afraid... http://pbs...IAIUKN_?format=jpg&name=medium
Renzo Marquez Member	Sun Jan 31 11:12:00 http://ftx.com/trade/SLV-0326
Renzo Marquez Member	Mon Feb 01 16:24:51 Looks like it's over for Gamestop. The shorts apparently covered last week when the brokerages shut down buying and the price tanked. Short interest went from ~120% on Thursday to 39% pre-market today.
The Children Member	Thu Feb 04 11:50:09 HOLD THE DOOR HODOR!!! as dat shit colapses in2 oblivion.
The Children Member	Thu Feb 04 12:16:30 man some of dis shit is epic. http://www.../comments/lcjjgy/too_duh_moon/ i rememba readin just monday or some shit, it wasnt even that long ago, some moron in dental school took a 30k loan, and put it all in there. 2 da moon! not sellin until 1000! diamon hands motherfucker. rich soon! shoppin for ferrari already! motherfucker, this idiot is completely broke now
Dakyron Member	Thu Feb 04 13:09:14 Buy and hold diversified low cost index funds. Leave the gambling to the redditers.
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