Reddit messes with stock market

[nehalemguy]

Crazy ride! I'm hoping to see a lot of hedge blood tomorrow.

GME is back up to $375 this morning but I think the short covering bloodbath that took place Wednesday is over.

Now reddit users are focusing on cryptocurrency Dogecoin. At least with Dogecoin, they only risk hurt to themselves.

-E-

 

[nehalemguy]

Also some folks may have been ready to make some profit. It would be a good time if that's why you bought.

You were still able to sell on Robinhood, you just weren't able to buy new shares.

-E-

 

[clearconscience]

Let's not forget this is how all the politicians get rich too.

Buy stocks in a company and then pass bills that will make that company rich in turn making their stocks soar.

This is the true scam of america. And the real systemic racism, but it goes beyond that.

It's elitist vs the common folk

 

[nehalemguy]

I figure that even though Robin Hood has reversed course.

Well, that stop today (Thursday).......allowed many of those Hedge Fund Guys to escape.

Talk about fixing the market.
View attachment 815929

Aloha, Mark

They may have not had a choice.

Read here:

Robinhood Fallout Sweeps Market After $1 Billion Lifeline

The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc.

www.bloomberg.com

 

[ma96782]

They may have not had a choice.

Read here:

Robinhood Fallout Sweeps Market After $1 Billion Lifeline

The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc.

www.bloomberg.com

Many questions.....no doubt.

+++++++++++FOR THOSE THAT DIDN'T SEE IT++++++++++++

YES....I saw the interview with......Robin Hood's CEO as to the reasons why he put a stop to trading in certain stocks. He says that no one was pulling his string.

Robinhood CEO Vlad Tenev speaks out on decision to restrict trading on GameStop and other stocks - YouTube

Cough, cough.

++++++++++++NOT ADDRESSING YOU ANYMORE++++++++++++

But.....
If people were allowed to sell.....well, someone took the other side and was buying. And predictably.....as GME's stock price fell. It allowed (probably) the Big Hedge Fund guys to swoop in. Rrrrright......it's not like THEY were prevented from trading GME.

But yes.....I can also see that Robin Hood (and some other brokerages) may/might have faced a liquidity issue. Even though the CEOs deny it.

So....why not a market wide HALT (of those select stocks)? Nah.....that might/probably/would be even worst. If THEY did that.....(even more so) THE GAME might be exposed.

Yeah......I'm only a little guy. I guess I'll have to wait for Congress to investigate. HA, Ha, ha...... IMAGINE... Holding my breath for Congress to look out of the little guy(s)?

Aloha, Mark

 

[ma96782]

Let's not forget this is how all the politicians get rich too.

Buy stocks in a company and then pass bills that will make that company rich in turn making their stocks soar.

This is the true scam of america. And the real systemic racism, but it goes beyond that.

It's elitist vs the common folk

Or crush the industries that are "incorrect" and promote those other ones. Rrrrright......for the greater good of Amerika.

Guns
Oil
Coal
Cigarettes
Etc....

Aloha, Mark

PS....some might be thinking that it hasn't happened with ______ .

Yeah....the total destruction has not been completed YET. But the writing is on the wall.

 

[Flopsweat]

You were still able to sell on Robinhood, you just weren't able to buy new shares.

-E-

To be clear, I wasn't saying they weren't selling. I was saying some people probably were selling.

 

[Member 5605]

Ok for me, not for thee says Wall Street.

 

[Flopsweat]

 

[ma96782]

Friday/01-29-2021/1505 hrs.
Robin Hood is now limiting trades on 50+ stocks.

Aloha, Mark

 

[Cavedweller]

It looks like Robinhood may be involuntarily liquidating small traders' positions in Gamestop. Discussion in this Twitter thread says that Robinhood is owned by Citadel, one of the hedge funds that has a large short position in GME. Gigantic conflict of interest or what?

https://twitter.com/x/status/1354868921250144259

Elizabeth Warren wants the SEC to investigate retail traders in the Reddit group that drove the price of Gamestop up, not the fat cats who were somehow able sell short more of the company's stock than actually exists. SMH!

Elizabeth Warren enters the GameStop fracas with open letter to SEC

Sen. Elizabeth Warren on Friday asked the Securities and Exchange Commission to investigate the recent boost in GameStop stock price that was driven by calls for ordinary people to punish hedge fun…

nypost.com

 

[ma96782]

Someone (probably) needs to go to prison. Start at about 15:00

Aloha, Mark

NOW after 20 years.......

 

[Cavedweller]

Hooray for Texas!!

AG Paxton Issues CIDs to Robinhood, Discord, Citadel, and Others That Suspended Stock Trading and Investing

Attorney General Ken Paxton today issued 13 Civil Investigative Demands (CIDs) to Discord, Robinhood Financial, Robinhood Markets, Robinhood Securities, Interactive Brokers, TD Ameritrade, TD Bank, E-Trade, WeBull Financial, Public Holdings, M1 Holdings, Citadel Financial, and Apex Clearing...

www.texasattorneygeneral.gov

 

[ma96782]

What good does Reddit do by F@^*ing with the Big Hedge Fund Guys?

Aloha, Mark

PS....a little history about the Big Wall Street Guys vs. mom and pop. Start at about 8:53

Martin? Oh yeah....

 

[ma96782]

The meat of the video starts at about 3:20

Aloha, Mark

 

[bolus]

We held the line today. no squeeze yet but it was sure nice knowing billionaire hedge funds tried to get the price under $115 to cover their shorts and it closed at ~$330 instead.

Making billionaires lose money is way more of an "occupy wall street" than banging drums out front of a bank.

I dont even care if I lose the money I put it. Like reddit says, "we can stay ret*rded longer than they can stay solvent." If this ends with hedge fund managers and Robinhood CEO in jail and bankrupt hedge funds I will call it money well spent.

 

[Flopsweat]

We held the line today. no squeeze yet but it was sure nice knowing billionaire hedge funds tried to get the price under $115 to cover their shorts and it closed at ~$330 instead.

Making billionaires lose money is way more of an "occupy wall street" than banging drums out front of a bank.

I dont even care if I lose the money I put it. Like reddit says, "we can stay ret*rded longer than they can stay solvent." If this ends with hedge fund managers and Robinhood CEO in jail and bankrupt hedge funds I will call it money well spent.

Looks like Robinhood may have done a lot of transactions near the bottom, which was close to that $115 if I recall correctly. Hopefully not enough to rescue the raiders. I'm still marveling over how they can rig the game and still whine about getting schooled. I'm no shrink, but isn't that classic sociopathic behavior?

 

[Certaindeaf]

Play with the bull get the reddit!

 

[Provincial]

Looks like Robinhood may have done a lot of transactions near the bottom, which was close to that $115 if I recall correctly. Hopefully not enough to rescue the raiders. I'm still marveling over how they can rig the game and still whine about getting schooled. I'm no shrink, but isn't that classic sociopathic behavior?

They must be expecting Tod Whelen (Ted Wheeler) to be appointed SEC chairman so he can enable their actions.

 

[Flopsweat]

They must be expecting Tod Whelen (Ted Wheeler) to be appointed SEC chairman so he can enable their actions.

LOL, the White House Press Secretary's husband works for the company that does the trades for Robinhood. And they had shorts on the very stock in question. Or something like that. If stocks were poon this could be a soap opera.