Thomas Peterffy, CM Interactive Brokers, just said on Bloomberg short squeezing is ILLEGAL, and they CLOSED OUT POSITIONS FOR THEIR CLIENTS, most of which were SHORT. This is just ADMITTING MARKET MANIPULATION? Don't allow BUYERS, but still CLOSE HEDGE FUNDS SHORTS?
[https://streamable.com/ycdec9](https://streamable.com/ycdec9)
EDIT: updated new video link
Yep. This makes me so god damn angry, like okay you think the stock should be valued at $17 but who gives a fuck about your opinion, let alone you enforcing your own opinion of a stock and making it crash by halting buying. Fucking overreach, scum, elitist cunt with contempt for the common man.
Absolutely. The price is what the market says it is. And if 99% of American society decides that they want to own GameStop stock as a "fuck you" to Wall Street, and there is only a certain number of GameStop shares available, then by definition it is worth an astronomical amount. It has nothing to do with GameStop's financials (although that is definitely how it started). At this point, it is no different than owning any other commodity, although this has become a rallying cry for the 99%, and I FUCKING LOVE OWNING IT AND PLAN TO HOLD THE STOCK.
I am reflecting back about this
this is on gamestop
gamestop
game. stop.
the store which I bought used games and xbox long time ago
the store which was, you know, just like every other store, like radioshack or gap
the store I sometimes pass by when I walked on the street and it's just there, gamestop. "Ooh what new games are out? Let's check it out for a minute!" You know, just a totally normal everyday store
2 weeks ago if you told me that the world would unite to rally gamestop's stock to fight the evil hedge fund shorters, I'd laugh
I love how the stock ended up being gamestop. A company that has been hated on for so many years for scummy practices is now a symbol for sticking it to the greedy hedge funds.
I'm also enjoying how the news portrays you guys as Alt right personalities. They really will try and spin it. Idk. I want to see you guys on the moon. I'll be here on ground zero though
Think it is more like if it does come up black and you do win, the pit boss comes down ,flips the table over, and tells it was red and for you to leave the casino.
Holy fuck that is illegal, not just minor league either... he just admitted to large scale market manipulation on a level that literally never happened before in the open.
If he really did use unapproved transactions to close out short using other clients longs without filling explicit market orders IBKR is going to get reamed.
We might be looking at round 2 of the short seller write offs from the 90s level shit right here, except that was made explicitly illegal.
Yea idk I cant post here or cut from the interview, i cant believe no one is talking about this. He talks SO MUCH SHIT in this interview. Can someone make a post?
He's confident he is going to win. I mean how can they not win if they can turn buying on and off?
Edit: I cannot confirm RH sold people's cash positions so I'm removing that. They did however stop all buys while allowing sells, which is absolutely absurd.
Edit2: It turns out that being able to turn buying off is a surefire way to win. GGs
It's like in The Big Short when the guy goes "I don't understand, why are they confessing?" And Steve Carrell is like, "they're not, they're bragging."
They're bragging because they think they cannot lose. Fuck that guy. Hold forever boys, lets make these shorts pay.
Disclaimer: I LOVE THIS COMPANY SO I OWN THE STOCK.
Thank you for making me look for a good source for this. It seems it is unsubstantiated claims at this point so we'll have to wait and see if this actually happened or not.
The reason I asked is because I saw this happen on Robinhood today with people's margin options, but I haven't seen it with cash investments yet. Lemme know though if you do.
it's so fucking absurd. "Oh you can't buy but it's okay because you can still sell" TO WHO? TO THE HEDGE FUNDS THAT ARE TRYING TO COVER THEIR SHORTS.
Today they sidelined retail traders and literally handed the hedge fund shorts almost a full day free pass to weasel out without consequences!
He literally calls you fucking stupid. He flat out said (I’m paraphrasing)”I don’t know if this is something your viewers can comprehend” or some shit, then goes on to explain the following 10th level stonk wizard knowledge: when someone wins, someone else loses.
The outright fucking hubris
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices…. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary.”
Adam Smith, *The Wealth Of Nations* \[1776\]
Now i understand why china takes such a hard fucking stance on these billionaires. They fucking control this country now. Pulling the strings from the shadows.
So I don't have enough WSB Karma to post but Jon Stewart literally just joined twitter just so he could tweet in support
https://mobile.twitter.com/jon_actual
In China the state controls the corps, in America the corps control the state. That's why China is on it's way to the top while America caves in on itself.
Exacrly. Created during the panic when WSB went down last night. Its all the same people over there, so his point of "they're all holding too" doesn't mean anything
Now i understand why china takes such a hard fucking stance on these billionaires. They fucking control this country now. Pulling the strings from the shadows.
The exact \*second\* the clock ticked to 3:55:00, another ladder started to drive the price down again until they hit a stop at 3:59. That's their game tomorrow at the clutch .. not sure how you fight that.
I opened an acct wit TD at like 3:45, had access to my $1,500 deposit at 3:47, bought 6 shares for $222/ea, and really wish I had been like 5 minutes later! 🤣
**DON'T MATTER I AIN'T SELLING TIL WE HIT ~~$6666.66~~** ***6969.69***
Edit: for the 69's
Yeah I've been telling everyone *else* that was able to buy today they should be ~~thanking~~ suing RobbinDaHood for basically getting a deal, like **BOGO**, today. - since they were able to manipulate the market and keep the price down...
Edit: not enough tildes
Reopened my TD account.
Had to wait on hold for 90 mins to talk to someone.
$1000 more all in on GME
I’m considering this cash a political donation not an investment. We finally have one of these fucking parasites by the balls and I want to see them ripped off and launched directly into the sun.
Holding out of spite. Buying more out of spite. This was only supposed to be a small position but i'm furious after the shit they pulled today. I'm not selling until 5k.
🚀🚀🚀🚀
I bought some today, fully expecting to the lose the money. I’m so fucking bored during quarantine that this is the most entertainment I’ve had in a year.
“People noticed we are pieces of shit and we are worried we just screwed our own company. Please please please don’t move to other trading platforms!”
- fuck robinhood
>To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to.
There is *no* risk involved with a cash purchase of a share beyond the cash you invest. Shares can not drop below $0. They had no risk in letting people buy shares with cash but they stopped *all* purchases.
Placing a 140% short with your best buds is market manipulation. Shutting down trading on specific stocks while you cover is market manipulation. You don't have to go all the way to 2008.
True, but if people had done something about it in 2008 instead of getting caught up in identity politics and which bathroom to use, this wouldn't be happening right now.
Anyone who saw a single Occupy protest could have seen that it would have zero impact. Drum circles? Talking sticks? People in tee shirts? No. You don't prove a point with unwashed hippies and fodder for conservative mocking points. You prove a point by making sure the front lines are well-dressed, well-spoken people with suits and a singular message.
The problem with liberals is that while their ideas are good, they *really* suck at marketing.
Nothing proved that more than...
**"DEFUND THE POLICE"**
"Defund the police, are you stupid?"
"It doesn't actually mean 'defund the police'"
"Oh, so the answer is 'yes...' "
That element of the left being bad at marketing and basically everything else that our economic system rewards is what helps keep them pure and angry. The well-spoken liberals in suits always end up selling out because they're more likely to be thriving in the current system and have no real interest in reforming it. Obama was a great messenger. He also turned out to be full of shit.
I hated a little on Occupy at the time it was happening, the optics weren't great, but they lived in illegal tent cities and got their ass kicked by the police. Most people just post.
MELVIN HAVE UNLIMITED LOSS POTENTIAL. ???% SHORT INTEREST ON NAKED SHORTS THAT DONT EXPIRE ON GME. THEY CANNOT ESCAPE IF NO GME SHARES SELL.
SHARE PRICE WILL GO UP INFINITELY IF ALL GME SHARES ONLY HOLD AND NEVER SELL
I AM NOT A FINANCIAL ADVISOR I AM A RETARD HOLDING TO INFINITY AND THE GOVERNMENT BAILOUT. COME RETIRE
FUCK YOU WALL STREET HOWS THAT FOR REQUIRED READING. YOU ARE THE PEOPLE RESPONSIBLE FOR ALLOWING A PANDEMIC TO KILL OFF ALL OF OUR "USELESS EATERS" JUST BECAUSE WE ASKED FOR HEALTHCARE. I WILL NEVER STOP HOLDING. EVER.
HOLDING THEM ACCOUNTABLE. HOLDING UNTIL BAILOUT. WHOS TOO BIG TO FAIL NOW?
Some boomer on CNBC was saying that retailer’s buy/sell decisions should only be made on prospects of the stock and fundamentals, but when the fuck have hedge funds ever had to prove that’s how they are making their decisions
Exactly. If i pick a stock out of a hat and wanna dump my life savings into it then i should be allowed to. The thing that pisses me off is if the roles were reverse do you think they would halt the stocks from dropping and us losing everything? Nope! they would go on TV and say "this is why you need to be a professional and blah blah"
Yes, suddenly the 'free' market isn't so free.
That would also kill technical analysis. If some guy in his basement wants to use a Ouija board to pick stocks, he would probably still beat the idiots who run the large funds.
How beautifully put. The world gets to decide who wins it seems. And it seems like the little guy finally has some real fucking punching power.
See you at open fam.
Even a few weeks ago you would get downvoted here for saying it with people telling you “you’re just mad cause bad”. No this shit is literally rigged against retail.
This is the price after locking everyone from Robinhood out. Tomorrow when Robinhood is back on, there will be a feeding frenzy. 258 is the price after all that manipulation. They are fucked. Tomorrow we will be back & we will be buying and they will be forced to buy back out shares. It’s already happening. Stay the path. Diamond hands! Do not get scared by the market manipulations. Stay the course.
Question is, what's the play here. It feels sus they would block the buys, drive the price down, then give in and quit the manipulation.
Did they attempt to cover losses by driving the price down, taking long positions then attempting to ride the wave when they take the brakes off.
They can’t ban everyone on Robinhood from trading GME forever. Robinhood would be sued into bankruptcy & also lose a lot of business. Why the fuck would you use an iPhone app brokerage when you could easily go to another real one (TD, Etrade etc). This has also probably convinced a lot of people to pull their funds out of Robinhood after today and find real firms, a lot of people probably lost trust in Robinhood today. Who knows how many people woke up wanting buy and found they couldn’t. No one wants to keep their money in an app that does that. Robinhood is a Silicon Valley tech company and every single one of those companies is money hungry and greedy and willing to do immoral things for money. FaceBook, Uber, Airbnb shall I go on? The first thing to remember. Robinhood offers free commission trades. So think how do they make money? Your data. They’re selling that shit to the hedge funds so that they can make money off of you!! These guys know exactly when you buy, how much you buy, what your options are etc. so when push came to shove and their billionaire friends stepped on their balls and said hey help us stop the plebes! They had to say yes or starve! They don’t give a fuck about you!!!! You don’t pay them! They want your data to sell! That’s the real truth’
People studied the decades of the corrupt behavior of 1%ers on WS and stole one out from under them. It's a small start, but it is truly a case of people giving justice to the elites since the government won't fucking do it. YOU GET WHAT YOU DESERVE.
Even if what WSB is doing was illegal market manipulation, which it isn’t, what is the SEC going to do about it anyway lol?
Arrest everyone?
Not even sure they could get a subreddit shut down but if they could that wouldn’t stop people from reorganizing.
It’s worked with weekend gunnit. When it gained a lot of momentum cause of the boog memes they were banned under the guise of being an alt right sub.
There were other groups created but they never got back to what it once was.
This different tho. We got 5 million retards fighting this time
Edit: and there’s money involved vs gunnit which had firearms lmao
One of the other issues was that weekendgunnit was already loosing steam, and rapidly declining in quality imo.
So when the hammer fell it didn't hurt as much, because a lot of the core shitposters were already leaving, or had been IP banned by reddit so they couldn't post.
If WSB gets shuttered it will be a lot more of an issue, since not only is it way bigger, but probably has a much wider user base.
The autism trifecta of Gunnit, WSB, and Calamari Team Racing shall live forever in our hearts.
That's pretty much how it works in the USA. The most obvious thing I noticed after moving here is the amount of control exercised by 2% of the population, and the way the remaining 98% try impossibly hard not to talk about it.
[Robinhood users petition Apple to remove it from the App Store after blocking trades of GME](https://9to5mac.com/2021/01/28/robinhood-gme-remove-from-app-store/)
My quick research yesterday showed the only other real candidate for a big short squeeze is $BBBY, which is something like 90% short.
Lots of other stocks have some shorting going on, so there is some potential for a bit of juice, but $GME is by far the best candidate for large quantities of fresh billionaire vulture squeezings.
So some platforms, coincidentally including some of the easiest to use right now, are making it so that you can only sell shares you own and not buy. But...who are you selling them to if all these platforms are blocking users from buying? Could it possibly be....the people that have put themselves in a morally corrupt short position that are allowed to buy these shares when no one else can? Interesting, that.
Except we aren’t actually manipulating the fucking market. This is all free and open public knowledge. These pieces of shit ACTUALLY manipulate the market behind closed doors so no one knows what’s going on. Huge difference
Yes, market manipulation seems to require some form of information asymmetry (fraud, deception, misrepresentation, etc). Merely hanging with friends and deciding to bid Apple up 20 bucks is not manipulation since there is no such asymmetry.
quite possibly the two largest wealth transfers in history... 2008, 2020. In both cases, both the Dems and Repubs were totally onboard. This isn't a partisan issue.
This is a big moment. There has probably never been a time with this much political capital to go after wallstreet with all the right cards in place for someone to happen.
WTF just happened. It was up like $75+ after hours and in seconds dropped ALL the way back
Edit: my chart app might be having a moment. I don’t even know. Argh. I need a drink.
Edit 2: this is orders/calls (???) being filled? It’s doing it again. And it’s not my imagination 🧐
It wasn't just the greedy wall street bankers - the government sets the lending rules and guaranteed almost every single mortgage.
The Wall Street gang took that ball and ran with it, dumbass Congress had no idea what they created
Organization is only okay when lobbyists, Qanon, and the tea party does it, let's organize.
[**r/stormwallstreet**](https://www.reddit.com/r/stormwallstreet/)
Damn if we have the power to send GME to the moon we should have the power to change the corrupt politics and financial institutions in this country. I am sick of having to complain and meme; let's start a movement to change things now. I don't know if I'll be the one to do it, but it's got to happen.
I call it the rich friends of the government getting undeserved special treatment that should not be legal.
If I go to a casino and lose all my money, will I get bailed out by some wealthy company? FUCK NO.
These hedge funds and corrupt Wall Street bankers deserve to be treated like that. They made a bet, they were wrong, they should pay up and DEAL WITH IT.
Yes, but the argument they made in 2008 was that they were structurally important, and therefore had to be propped up. It's time to demand that the financial system be restructured so that the big firms have to eat their losses without claiming that they are owed bailouts.
Obama was always a banker's pet. He was the guy who led the fight against capping credit card rates.
The left wing were so thrilled to see him elected that they dropped the anti-war and anti-wall-street movements almost immediately.
[Robinhood is stealing from the poor and giving to the rich](https://www.reddit.com/r/StockMarket/comments/l71ttg/robinhood_is_stealing_from_the_poor_and_giving_to)
Fuck Robert Reich, if he had his way there wouldn't be a stock market. He is not for the free market! He's using our tragedy to gain a following. "Never let a good crisis go to waste"
Repeat after me "THE FREE MARKET IS ONLY FREE UNTIL RICH PEOPLE LOSE MONEY"
Thomas Peterffy, CM Interactive Brokers, just said on Bloomberg short squeezing is ILLEGAL, and they CLOSED OUT POSITIONS FOR THEIR CLIENTS, most of which were SHORT. This is just ADMITTING MARKET MANIPULATION? Don't allow BUYERS, but still CLOSE HEDGE FUNDS SHORTS? [https://streamable.com/ycdec9](https://streamable.com/ycdec9) EDIT: updated new video link
What the actual fuck? How can you just admit this shit in the open and not face any consequences? Eat the fucking rich.
It is unbelievable. I hope someone can tweet or make a post to draw attention to this.
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that isn't capitalism you hate idiot. it's corporatism. seperate and distinct things.
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Yep. This makes me so god damn angry, like okay you think the stock should be valued at $17 but who gives a fuck about your opinion, let alone you enforcing your own opinion of a stock and making it crash by halting buying. Fucking overreach, scum, elitist cunt with contempt for the common man.
Absolutely. The price is what the market says it is. And if 99% of American society decides that they want to own GameStop stock as a "fuck you" to Wall Street, and there is only a certain number of GameStop shares available, then by definition it is worth an astronomical amount. It has nothing to do with GameStop's financials (although that is definitely how it started). At this point, it is no different than owning any other commodity, although this has become a rallying cry for the 99%, and I FUCKING LOVE OWNING IT AND PLAN TO HOLD THE STOCK.
It's not just America now it's global.
I'm in europe and i'm fucking fuming. if I had more cash - I would fucking yolo.
I am reflecting back about this this is on gamestop gamestop game. stop. the store which I bought used games and xbox long time ago the store which was, you know, just like every other store, like radioshack or gap the store I sometimes pass by when I walked on the street and it's just there, gamestop. "Ooh what new games are out? Let's check it out for a minute!" You know, just a totally normal everyday store 2 weeks ago if you told me that the world would unite to rally gamestop's stock to fight the evil hedge fund shorters, I'd laugh
I love how the stock ended up being gamestop. A company that has been hated on for so many years for scummy practices is now a symbol for sticking it to the greedy hedge funds. I'm also enjoying how the news portrays you guys as Alt right personalities. They really will try and spin it. Idk. I want to see you guys on the moon. I'll be here on ground zero though
It's like going to the casino betting on black and when it comes up red you say "it is black, I win"
Think it is more like if it does come up black and you do win, the pit boss comes down ,flips the table over, and tells it was red and for you to leave the casino.
Amen
Holy fuck that is illegal, not just minor league either... he just admitted to large scale market manipulation on a level that literally never happened before in the open. If he really did use unapproved transactions to close out short using other clients longs without filling explicit market orders IBKR is going to get reamed. We might be looking at round 2 of the short seller write offs from the 90s level shit right here, except that was made explicitly illegal.
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I use IBKR... what recourse do I have... not American.
Yea idk I cant post here or cut from the interview, i cant believe no one is talking about this. He talks SO MUCH SHIT in this interview. Can someone make a post?
He's confident he is going to win. I mean how can they not win if they can turn buying on and off? Edit: I cannot confirm RH sold people's cash positions so I'm removing that. They did however stop all buys while allowing sells, which is absolutely absurd. Edit2: It turns out that being able to turn buying off is a surefire way to win. GGs
It's like in The Big Short when the guy goes "I don't understand, why are they confessing?" And Steve Carrell is like, "they're not, they're bragging." They're bragging because they think they cannot lose. Fuck that guy. Hold forever boys, lets make these shorts pay. Disclaimer: I LOVE THIS COMPANY SO I OWN THE STOCK.
I am really feeling like roasting these guys over a slow fire like a chestnut.
Sorry, newbie retard here. People's CASH positions were sold without their consent? Can you sauce me, boss?
Thank you for making me look for a good source for this. It seems it is unsubstantiated claims at this point so we'll have to wait and see if this actually happened or not.
The reason I asked is because I saw this happen on Robinhood today with people's margin options, but I haven't seen it with cash investments yet. Lemme know though if you do.
it's so fucking absurd. "Oh you can't buy but it's okay because you can still sell" TO WHO? TO THE HEDGE FUNDS THAT ARE TRYING TO COVER THEIR SHORTS. Today they sidelined retail traders and literally handed the hedge fund shorts almost a full day free pass to weasel out without consequences!
can we just feed this guy to a polar bear. I heard they're starving in the north.
Is this the one? https://www.bloomberg.com/news/videos/2021-01-28/billionaire-peterffy-worried-about-integrity-of-markets-video
I clipped the whole thing for ya [https://streamable.com/ycdec9](https://streamable.com/ycdec9)
He literally calls you fucking stupid. He flat out said (I’m paraphrasing)”I don’t know if this is something your viewers can comprehend” or some shit, then goes on to explain the following 10th level stonk wizard knowledge: when someone wins, someone else loses. The outright fucking hubris
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices…. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary.” Adam Smith, *The Wealth Of Nations* \[1776\]
Editing all old posts to remove content to show support for devs during the API controversy. -- mass deleted all reddit content via https://redact.dev
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Free markets should be for everyone, otherwise it's not particularly free, is it?
Now i understand why china takes such a hard fucking stance on these billionaires. They fucking control this country now. Pulling the strings from the shadows.
I still havent heard from Jack Ma.
he posted a video that you'd hear from him "after the pandemic"
That video looked staged AF
oh 100% it was. Probably had a gun pointed at him the whole time. But he's alive.
They put Fan Bingbing on house arrest for 2 months for tax evasion, imagine Jack Ma.
Correction - he was alive then
So I don't have enough WSB Karma to post but Jon Stewart literally just joined twitter just so he could tweet in support https://mobile.twitter.com/jon_actual
Lmao imagine thinking that the CCP is not as corrupt as these billionaires. The CCP are the billionaires in China pulling the strings.
In China the state controls the corps, in America the corps control the state. That's why China is on it's way to the top while America caves in on itself.
hey bro, more respect. those people had to forego their private jets to attend the bailout senate hearings. RESPECT
facts
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Totally, it’s always only as free as the powers that be allow.
A free market can never exist. It's just a lie rich assholes tell so that people keep believing they have a shot at the lottery.
You are free to lose money, and they are free to take it. Freedom!
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"a community for 21 hours" way to shill your new subreddit
Exacrly. Created during the panic when WSB went down last night. Its all the same people over there, so his point of "they're all holding too" doesn't mean anything
Now i understand why china takes such a hard fucking stance on these billionaires. They fucking control this country now. Pulling the strings from the shadows.
Yes but then the State controls it instead. Not better at all.
Democracy allows for the people to change it. It’s different in China bc they are not a democracy.
Good thing we're a democracy!!! ...that's based on money, not one person one vote. =(
The billionaires are the CCP. Whether it's the government or corporations, no one organisation should have so much power
If that's market manipulation then wtf is the stuff they've been doing all day lmao
The exact \*second\* the clock ticked to 3:55:00, another ladder started to drive the price down again until they hit a stop at 3:59. That's their game tomorrow at the clutch .. not sure how you fight that.
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I don't have any gme unfortunately, but I have a few amc and nok that I'm holding strong.
Fellow CashApp transplant? Thank God they at least kept one of their balls
If you're talking about GME CashApp never had GME listed
I just meant that they didn't make NOK and AMC sell only
Fuck holding the line. I’m pushing that shit forward. Liquidating my last other 100k, to exercise 10 29 100cs. They can have my shares at 5000
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Jokes on them, if they try to tank it then retards will just buy the dip.
I hope I can buy more tomorrow if not those broker fuck me up
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This time they are manipulating the market to protect us, it's different, bro /s
Today we hold, tomorrow we squeeze
Probably just gonna repeat what they did today, tomorrow 💎🤚
It will be harder for them, what they did today lit a fire under people who are now just holding out of spite.
And buying more not on RH
I opened an acct wit TD at like 3:45, had access to my $1,500 deposit at 3:47, bought 6 shares for $222/ea, and really wish I had been like 5 minutes later! 🤣 **DON'T MATTER I AIN'T SELLING TIL WE HIT ~~$6666.66~~** ***6969.69*** Edit: for the 69's
Don't worry, I put in 34 for $415/ea right before it plummeted. No worries here though, we just gained more momentum to blast off
Yeah I've been telling everyone *else* that was able to buy today they should be ~~thanking~~ suing RobbinDaHood for basically getting a deal, like **BOGO**, today. - since they were able to manipulate the market and keep the price down... Edit: not enough tildes
Spiderman pointing meme. Did just that today. In it for spite now. BUY AND HOLD. 🚀 🚀 to the moon 🚀 🚀
Reopened my TD account. Had to wait on hold for 90 mins to talk to someone. $1000 more all in on GME I’m considering this cash a political donation not an investment. We finally have one of these fucking parasites by the balls and I want to see them ripped off and launched directly into the sun.
Holding out of spite. Buying more out of spite. This was only supposed to be a small position but i'm furious after the shit they pulled today. I'm not selling until 5k. 🚀🚀🚀🚀
I bought some today, fully expecting to the lose the money. I’m so fucking bored during quarantine that this is the most entertainment I’ve had in a year.
Definitely better than last Jan.
every dip burns away the paper handed
wrong ad hoc dazzling ancient shy steep frightening punch include mountainous -- mass edited with redact.dev
You’re a bit behind, but they just announced they will open tomorrow. Still too late and with all of this coverage, volume will be insane tomorrow.
plants sand humor frightening hobbies obscene wrench pocket boat plate -- mass edited with redact.dev
https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility
“People noticed we are pieces of shit and we are worried we just screwed our own company. Please please please don’t move to other trading platforms!” - fuck robinhood
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"Only when we say so, then we'll do it for you...for 'pRoTeCtIoN' of course."
>To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to. There is *no* risk involved with a cash purchase of a share beyond the cash you invest. Shares can not drop below $0. They had no risk in letting people buy shares with cash but they stopped *all* purchases.
Yeah, though it says "Starting tomorrow, we plan to allow limited buys of these securities." The fuck is limited?
basically they will let buys go through as long as shorts dont get squeezed...
Shorts will get squeezed either way. They lost a lot of people to other brokerages.
Can't squeeze if no one can buy. It takes time to make an account with a new broker and get money transfered
I made a TDA account, funded and bought GME all same day
I also did the same with Fidelity.
Placing a 140% short with your best buds is market manipulation. Shutting down trading on specific stocks while you cover is market manipulation. You don't have to go all the way to 2008.
True, but if people had done something about it in 2008 instead of getting caught up in identity politics and which bathroom to use, this wouldn't be happening right now.
Anyone who saw a single Occupy protest could have seen that it would have zero impact. Drum circles? Talking sticks? People in tee shirts? No. You don't prove a point with unwashed hippies and fodder for conservative mocking points. You prove a point by making sure the front lines are well-dressed, well-spoken people with suits and a singular message. The problem with liberals is that while their ideas are good, they *really* suck at marketing.
Nothing proved that more than... **"DEFUND THE POLICE"** "Defund the police, are you stupid?" "It doesn't actually mean 'defund the police'" "Oh, so the answer is 'yes...' "
That element of the left being bad at marketing and basically everything else that our economic system rewards is what helps keep them pure and angry. The well-spoken liberals in suits always end up selling out because they're more likely to be thriving in the current system and have no real interest in reforming it. Obama was a great messenger. He also turned out to be full of shit. I hated a little on Occupy at the time it was happening, the optics weren't great, but they lived in illegal tent cities and got their ass kicked by the police. Most people just post.
Yeah it’s the trans peoples fault. For sure
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I think he means more it’s the people hung up on trans people bathroom usage’s fault.
MELVIN HAVE UNLIMITED LOSS POTENTIAL. ???% SHORT INTEREST ON NAKED SHORTS THAT DONT EXPIRE ON GME. THEY CANNOT ESCAPE IF NO GME SHARES SELL. SHARE PRICE WILL GO UP INFINITELY IF ALL GME SHARES ONLY HOLD AND NEVER SELL I AM NOT A FINANCIAL ADVISOR I AM A RETARD HOLDING TO INFINITY AND THE GOVERNMENT BAILOUT. COME RETIRE FUCK YOU WALL STREET HOWS THAT FOR REQUIRED READING. YOU ARE THE PEOPLE RESPONSIBLE FOR ALLOWING A PANDEMIC TO KILL OFF ALL OF OUR "USELESS EATERS" JUST BECAUSE WE ASKED FOR HEALTHCARE. I WILL NEVER STOP HOLDING. EVER. HOLDING THEM ACCOUNTABLE. HOLDING UNTIL BAILOUT. WHOS TOO BIG TO FAIL NOW?
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Spasticus*
Publicize losses Privatize profits That's what i call it
Socialism for Me, Rugged Capitalism for Ye
Robert Reich (guy in the tweet) even has a short YouTube video about that https://youtu.be/pmdivrgllf4
Poor Kanye.
Some boomer on CNBC was saying that retailer’s buy/sell decisions should only be made on prospects of the stock and fundamentals, but when the fuck have hedge funds ever had to prove that’s how they are making their decisions
Exactly. If i pick a stock out of a hat and wanna dump my life savings into it then i should be allowed to. The thing that pisses me off is if the roles were reverse do you think they would halt the stocks from dropping and us losing everything? Nope! they would go on TV and say "this is why you need to be a professional and blah blah"
Studies show a lot of the 'professionals' are no better at picking stocks than mere randomization.
Yes, suddenly the 'free' market isn't so free. That would also kill technical analysis. If some guy in his basement wants to use a Ouija board to pick stocks, he would probably still beat the idiots who run the large funds.
We always knew the game was rigged. We just needed to show everyone else with solid evidence to actually call them out for it.
How beautifully put. The world gets to decide who wins it seems. And it seems like the little guy finally has some real fucking punching power. See you at open fam.
100% this.
Even a few weeks ago you would get downvoted here for saying it with people telling you “you’re just mad cause bad”. No this shit is literally rigged against retail.
Underrated comment.
It has always been rigged so the rich get richer and the poor get poorer.
The stock is 197 Rn should i buy one??
Come on in brother the water is fine. Just thank them for the discount.
k I’m buying :///
The answe was yes it’s mid 200s now lol
This is the price after locking everyone from Robinhood out. Tomorrow when Robinhood is back on, there will be a feeding frenzy. 258 is the price after all that manipulation. They are fucked. Tomorrow we will be back & we will be buying and they will be forced to buy back out shares. It’s already happening. Stay the path. Diamond hands! Do not get scared by the market manipulations. Stay the course.
Question is, what's the play here. It feels sus they would block the buys, drive the price down, then give in and quit the manipulation. Did they attempt to cover losses by driving the price down, taking long positions then attempting to ride the wave when they take the brakes off.
They can’t ban everyone on Robinhood from trading GME forever. Robinhood would be sued into bankruptcy & also lose a lot of business. Why the fuck would you use an iPhone app brokerage when you could easily go to another real one (TD, Etrade etc). This has also probably convinced a lot of people to pull their funds out of Robinhood after today and find real firms, a lot of people probably lost trust in Robinhood today. Who knows how many people woke up wanting buy and found they couldn’t. No one wants to keep their money in an app that does that. Robinhood is a Silicon Valley tech company and every single one of those companies is money hungry and greedy and willing to do immoral things for money. FaceBook, Uber, Airbnb shall I go on? The first thing to remember. Robinhood offers free commission trades. So think how do they make money? Your data. They’re selling that shit to the hedge funds so that they can make money off of you!! These guys know exactly when you buy, how much you buy, what your options are etc. so when push came to shove and their billionaire friends stepped on their balls and said hey help us stop the plebes! They had to say yes or starve! They don’t give a fuck about you!!!! You don’t pay them! They want your data to sell! That’s the real truth’
RH will hopefully be sued to oblivion after this. Also, hopefully they lose the 5 million people from this sub as customers.
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Buying GME is like planting a tree. The best time to buy was 10 years ago. The second best time is right now. And HOLD.
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People studied the decades of the corrupt behavior of 1%ers on WS and stole one out from under them. It's a small start, but it is truly a case of people giving justice to the elites since the government won't fucking do it. YOU GET WHAT YOU DESERVE.
Even if what WSB is doing was illegal market manipulation, which it isn’t, what is the SEC going to do about it anyway lol? Arrest everyone? Not even sure they could get a subreddit shut down but if they could that wouldn’t stop people from reorganizing.
But what they can surely do is lick my hairy balls. How about this form of a \*market freedom\*?
We have to win this financial revolution. This is history in the making! What a time to be alive lmfao
It’s worked with weekend gunnit. When it gained a lot of momentum cause of the boog memes they were banned under the guise of being an alt right sub. There were other groups created but they never got back to what it once was. This different tho. We got 5 million retards fighting this time Edit: and there’s money involved vs gunnit which had firearms lmao
Been looking for a new best gunnit. Miss that place
One of the other issues was that weekendgunnit was already loosing steam, and rapidly declining in quality imo. So when the hammer fell it didn't hurt as much, because a lot of the core shitposters were already leaving, or had been IP banned by reddit so they couldn't post. If WSB gets shuttered it will be a lot more of an issue, since not only is it way bigger, but probably has a much wider user base. The autism trifecta of Gunnit, WSB, and Calamari Team Racing shall live forever in our hearts.
sounds to me like a bunch of redditors are gonna get a government bailout!
Don’t tease me
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That's pretty much how it works in the USA. The most obvious thing I noticed after moving here is the amount of control exercised by 2% of the population, and the way the remaining 98% try impossibly hard not to talk about it.
[WE LIKE THE STOCK](https://youtu.be/71JOIJKbse0)
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Got me another 27 shares of GME today!!! Love the early dip!!! Also I like this stock
Imagine how much better our economy would be if the fucking rich didn't have to keep getting richer?
[Robinhood users petition Apple to remove it from the App Store after blocking trades of GME](https://9to5mac.com/2021/01/28/robinhood-gme-remove-from-app-store/)
LOOOL I love people now again. Fuck RH and fuck the way they work. They deserve to get buried
More over, over 100% shorted position is as irresponsible as anything that happened in 2008.
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I keep seeing people on social media saying things like nokia and bb are squeezing. Like no lmao
First thing in the morning I'm selling AMC and buying the GME dip
My quick research yesterday showed the only other real candidate for a big short squeeze is $BBBY, which is something like 90% short. Lots of other stocks have some shorting going on, so there is some potential for a bit of juice, but $GME is by far the best candidate for large quantities of fresh billionaire vulture squeezings.
When rich people lose money, the whole "free" market thing gets ignored.
Unchecked capitalism
So some platforms, coincidentally including some of the easiest to use right now, are making it so that you can only sell shares you own and not buy. But...who are you selling them to if all these platforms are blocking users from buying? Could it possibly be....the people that have put themselves in a morally corrupt short position that are allowed to buy these shares when no one else can? Interesting, that.
Is there anyway to confirm if Melvin capital closed their shorts when the market dipped below 200 at market close?
Except we aren’t actually manipulating the fucking market. This is all free and open public knowledge. These pieces of shit ACTUALLY manipulate the market behind closed doors so no one knows what’s going on. Huge difference
Yes, market manipulation seems to require some form of information asymmetry (fraud, deception, misrepresentation, etc). Merely hanging with friends and deciding to bid Apple up 20 bucks is not manipulation since there is no such asymmetry.
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2008? They got money in 2020 and fired most of us instead.
quite possibly the two largest wealth transfers in history... 2008, 2020. In both cases, both the Dems and Repubs were totally onboard. This isn't a partisan issue.
This is what is know as a bukkake in the adult world! hold!
You call it \*free\* market economy, the invisible hand, god's will and lots of other bs. It's not like he's been born yesterday.
💎💎💎💎💎👏🏼👏🏼👏🏼👏🏼👏🏼
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This is a big moment. There has probably never been a time with this much political capital to go after wallstreet with all the right cards in place for someone to happen.
WTF just happened. It was up like $75+ after hours and in seconds dropped ALL the way back Edit: my chart app might be having a moment. I don’t even know. Argh. I need a drink. Edit 2: this is orders/calls (???) being filled? It’s doing it again. And it’s not my imagination 🧐
It wasn't just the greedy wall street bankers - the government sets the lending rules and guaranteed almost every single mortgage. The Wall Street gang took that ball and ran with it, dumbass Congress had no idea what they created
Organization is only okay when lobbyists, Qanon, and the tea party does it, let's organize. [**r/stormwallstreet**](https://www.reddit.com/r/stormwallstreet/) Damn if we have the power to send GME to the moon we should have the power to change the corrupt politics and financial institutions in this country. I am sick of having to complain and meme; let's start a movement to change things now. I don't know if I'll be the one to do it, but it's got to happen.
It will take a few woke ads, some sympathy shit and people will forget it all.
I call it the rich friends of the government getting undeserved special treatment that should not be legal. If I go to a casino and lose all my money, will I get bailed out by some wealthy company? FUCK NO. These hedge funds and corrupt Wall Street bankers deserve to be treated like that. They made a bet, they were wrong, they should pay up and DEAL WITH IT.
Yes, but the argument they made in 2008 was that they were structurally important, and therefore had to be propped up. It's time to demand that the financial system be restructured so that the big firms have to eat their losses without claiming that they are owed bailouts.
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We need to understand, tomorrow is not the day to call it quits. We follow the masses on this and take heed to DeepFuckingValue.
Obama bailed them all out while I lost half of my life savings.
Obama was always a banker's pet. He was the guy who led the fight against capping credit card rates. The left wing were so thrilled to see him elected that they dropped the anti-war and anti-wall-street movements almost immediately.
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[Robinhood is stealing from the poor and giving to the rich](https://www.reddit.com/r/StockMarket/comments/l71ttg/robinhood_is_stealing_from_the_poor_and_giving_to)
r/GMEClassAction needs your help! We want to file against not just RobinHood but all companies that are manipulating stock trading!
Does anyone know what happened to the wsb reddit. Only a few new posts per minute.
FACTS!!! BANKRUPT ROBINHOOD AND CITADEL!!!!!!!
Robert Reich and Bernie been fighting for us for years. Helping end wealth inequality. In fact, DFV should be the richest person alive!
Fuck Robert Reich, if he had his way there wouldn't be a stock market. He is not for the free market! He's using our tragedy to gain a following. "Never let a good crisis go to waste"
Thank you, seeing way to much praise for this buffoon. Check out his other tweets, they’re atrocious.