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Post by ManAboutTown on Jan 29, 2021 3:45:29 GMT 14
A group of redditors declared war on WS short sellers. They’ve already taken down Melvin (powerful hedge fund), and crippled Citadel and point72 (Owned by Steve Cohen, who also owns the NY Mets).
WSB (the sub Reddit) have been working into this position for a few years and they finally attempted to short squeeze of our generation. They’ve driven the price of GME from $20 last week to $500 (AH trading) early this morning. This is a huge story in the financial world, the most legal heist attempted in 100 years and some deserved justice to the same dickheads that helped exacerbate the 2008 financial crisis.
It’s all coming to a head over the next 72 hours. TD Ameritrade started limiting buying/selling of GME positions and will most certainly face a class action lawsuit. Robinhood, an app designed for small, novice investors, has now restricted buying of GME, NOK, AMC, BB, BBBY, all “meme stocks” that were being pushed by WSB and all seeing substantial growth over the week. They will also go belly up when this is over. Other platforms are engaging in these illegal, unscrupulous practices as well.
Let’s of regular people became millionaires at the expense of greedy billionaires this week.
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cajuns36
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Post by cajuns36 on Jan 29, 2021 4:07:34 GMT 14
A group of redditors declared war on WS short sellers. They’ve already taken down Melvin (powerful hedge fund), and crippled Citadel and point72 (Owned by Steve Cohen, who also owns the NY Mets). WSB (the sub Reddit) have been working into this position for a few years and they finally attempted to short squeeze of our generation. They’ve driven the price of GME from $20 last week to $500 (AH trading) early this morning. This is a huge story in the financial world, the most legal heist attempted in 100 years and some deserved justice to the same dickheads that helped exacerbate the 2008 financial crisis. It’s all coming to a head over the next 72 hours. TD Ameritrade started limiting buying/selling of GME positions and will most certainly face a class action lawsuit. Robinhood, an app designed for small, novice investors, has now restricted buying of GME, NOK, AMC, BB, BBBY, all “meme stocks” that were being pushed by WSB and all seeing substantial growth over the week. They will also go belly up when this is over. Other platforms are engaging in these illegal, unscrupulous practices as well. Let’s of regular people became millionaires at the expense of greedy billionaires this week. You didn’t know that only the elite ruling class are allowed to manipulate things? not the regular American people, I’m concerned this will just bring more rules and regulations for us and not them in the long run but it is certainly fun watching them freak the fork out and squirm, but they will probably all just get bailed out by the government with our tax dollars |
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Post by RCajunRunner on Jan 29, 2021 4:22:06 GMT 14
A group of redditors declared war on WS short sellers. They’ve already taken down Melvin (powerful hedge fund), and crippled Citadel and point72 (Owned by Steve Cohen, who also owns the NY Mets). WSB (the sub Reddit) have been working into this position for a few years and they finally attempted to short squeeze of our generation. They’ve driven the price of GME from $20 last week to $500 (AH trading) early this morning. This is a huge story in the financial world, the most legal heist attempted in 100 years and some deserved justice to the same dickheads that helped exacerbate the 2008 financial crisis. It’s all coming to a head over the next 72 hours. TD Ameritrade started limiting buying/selling of GME positions and will most certainly face a class action lawsuit. Robinhood, an app designed for small, novice investors, has now restricted buying of GME, NOK, AMC, BB, BBBY, all “meme stocks” that were being pushed by WSB and all seeing substantial growth over the week. They will also go belly up when this is over. Other platforms are engaging in these illegal, unscrupulous practices as well. Let’s of regular people became millionaires at the expense of greedy billionaires this week. You didn’t know that only the elite ruling class are allowed to manipulate things? not the regular American people, I’m concerned this will just bring more rules and regulations for us and not them in the long run but it is certainly fun watching them freak the fork out and squirm, but they will probably all just get bailed out by the government with our tax dollars What will happen is there will be increased regulations passed that us peasants must follow, but many who make the rules will be able to afford the services of experts who can help them bend and navigate around those new regulations for their own benefit. Just like many hypocrite politicians who call for tax increases that they never have to pay, as they're able to navigate their money to offshore accounts and use other maneuvers to avoid the increased burdens. Yet alot of morons think Bernie, Joe, Kamala, etc. are all for the little people and hard working blue collar Americans. |
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Post by ULvictory on Jan 29, 2021 4:45:18 GMT 14
A bunch of Reddit gamer dudes basically purchased massive amounts of shares that these large hedge fund managers shorted that drove the price up like a rocket costing them billions.
When you say it out loud, it's a slick move. But I would expect the SEC to come in soon and so something about it.
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Post by ManAboutTown on Jan 29, 2021 4:54:28 GMT 14
You didn’t know that only the elite ruling class are allowed to manipulate things? not the regular American people, I’m concerned this will just bring more rules and regulations for us and not them in the long run but it is certainly fun watching them freak the fork out and squirm, but they will probably all just get bailed out by the government with our tax dollars What will happen is there will be increased regulations passed that us peasants must follow, but many who make the rules will be able to afford the services of experts who can help them bend and navigate around those new regulations for their own benefit. Just like many hypocrite politicians who call for tax increases that they never have to pay, as they're able to navigate their money to offshore accounts and use other maneuvers to avoid the increased burdens. Yet alot of morons think Bernie, Joe, Kamala, etc. are all for the little people and hard working blue collar Americans. What will happen is, class action law suits, investigations and people being made examples of. The Obama administration did not do enough to prosecute the bad actors of the financial crisis in 2008. Biden administration will not make the same mistake; especially with Bernie Sanders as the SR Budget Chair. (Dude hates Wall St) No doubt regulations will come from this but a bright light is being shown upon these bastards once again for the country (and the world) to see. |
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Post by ManAboutTown on Jan 29, 2021 4:56:36 GMT 14
A bunch of Reddit gamer dudes basically purchased massive amounts of shares that these large hedge fund managers shorted that drove the price up like a rocket costing them billions. When you say it out loud, it's a slick move. But I would expect the SEC to come in soon and so something about it. WSB is actually a group of very shrewd day traders. Super smart, knowledgeable guys that know how to research. And the SEC can’t do a thing. There is nothing illegal going on. Just a classic short squeeze. Retail investors taking advantage of the HF greed. It’s a beautiful thing. |
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cajuns36
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Post by cajuns36 on Jan 29, 2021 4:58:41 GMT 14
A bunch of Reddit gamer dudes basically purchased massive amounts of shares that these large hedge fund managers shorted that drove the price up like a rocket costing them billions. When you say it out loud, it's a slick move. But I would expect the SEC to come in soon and so something about it. WSB is actually a group of very shrewd day traders. Super smart, knowledgeable guys that know how to research. And the SEC can’t do a thing. There is nothing illegal going on. Just a classic short squeeze. Retail investors taking advantage of the HF greed. It’s a beautiful thing. There isn’t anything illegal going on but you can bet they will pass legislation to make it illegal. They don’t have to play by our set of rules, they make the rules. |
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Post by ULvictory on Jan 29, 2021 5:05:10 GMT 14
A bunch of Reddit gamer dudes basically purchased massive amounts of shares that these large hedge fund managers shorted that drove the price up like a rocket costing them billions. When you say it out loud, it's a slick move. But I would expect the SEC to come in soon and so something about it. WSB is actually a group of very shrewd day traders. Super smart, knowledgeable guys that know how to research. And the SEC can’t do a thing. There is nothing illegal going on. Just a classic short squeeze. Retail investors taking advantage of the HF greed. It’s a beautiful thing. Technically, they can't do anything. But they will probably find something to justify passing legislation to protect these large hedge fund companies. |
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Post by ManAboutTown on Jan 29, 2021 5:06:09 GMT 14
WSB is actually a group of very shrewd day traders. Super smart, knowledgeable guys that know how to research. And the SEC can’t do a thing. There is nothing illegal going on. Just a classic short squeeze. Retail investors taking advantage of the HF greed. It’s a beautiful thing. There isn’t anything illegal going on but you can bet they will pass legislation to make it illegal. They don’t have to play by our set of rules, they make the rules. Long term, yes. But right now, they are stuck. And hemorrhaging millions every 15 minutes. |
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cajuns36
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Post by cajuns36 on Jan 29, 2021 5:11:28 GMT 14
There isn’t anything illegal going on but you can bet they will pass legislation to make it illegal. They don’t have to play by our set of rules, they make the rules. Long term, yes. But right now, they are stuck. And hemorrhaging millions every 15 minutes. If they get legislative protection and bailed out then who really wins and loses long term? |
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Post by RedTails on Jan 29, 2021 5:19:46 GMT 14
If anyone uses Robinhood, delete that trash after the dust settles. Woke up pissed this AM.
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Post by ManAboutTown on Jan 29, 2021 5:22:52 GMT 14
If anyone uses Robinhood, delete that trash after the dust settles. Woke up pissed this AM. Crush them on App Store with comments and 1 star reviews. Twitter is revolting hard against RH. They will cease to exist when this is over. |
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Post by ManAboutTown on Jan 29, 2021 5:23:39 GMT 14
Long term, yes. But right now, they are stuck. And hemorrhaging millions every 15 minutes. If they get legislative protection and bailed out then who really wins and loses long term? They won’t get bailed out. Political fireball. And like I mentioned, 2008 will not occur again. |
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Post by ULvictory on Jan 29, 2021 5:24:10 GMT 14
Robinhood is almost the equivalent of a gambling site anyway.
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cajuns36
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Post by cajuns36 on Jan 29, 2021 5:35:41 GMT 14
If they get legislative protection and bailed out then who really wins and loses long term? They won’t get bailed out. Political fireball. And like I mentioned, 2008 will not occur again. I hope you are right but these people/organizations never seem to end up on the losing end. |
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