How GameStop found itself at the center of a groundbreaking battle...

There were no limits on the short traders.

 

The stock markets are heavily regulated. Surely you know that.

 

If you want no limits then trade cryptocurrency.....Ethereum, Litecoin or the big winner of today: Dogecoin.

 

Regulated =/= rigged

But, maybe it does.

 

So, do you think pump and dump schemes and market manipulation through massive shorting by hedge funds wouldn't happen without regulation? Yes or no?

 

The reddit groups are taking on the hedge funds. Evidently, this scares the whitehouse. It warms the heart....

 

....hmmmm.....

 

And this is the actual problem. The worst part of this is that somehow they actually got trading suspended. Isn't this what democrats did in 2008 when they went against mortgage derivatives?? It's like so funny to watch the professionals get all scared cause their vanity put them in positions that aren't nearly as "sure a thing" as they thought they were. Screw hedge funds. They have risk. They are risk. And nowhere is anyone stopping them from destroying actual wealth.

 

Just wait until the mob starts going after the tech oligarchs... Then its on.

 

Yep, seems to be mainly Trump fans, since they congregate on reddit #StopTheSteal. Never miss trying to make a quick buck by stock market gambling.

https://www.cnn.com/business/live-n...all-street/h_3bade50f0ecd05726740464c504c2d32

BTW: While RobinHood stopped GME buy orders, other investment firms did not. It seems one can still buy GME on Vanguard, Fidelity etc. So, I call B$ on the notion that this is a concerted effort of the hedge funds to hurt the little guy. Rather, it is an effort of RobinHood to protect their bottom line. The free market at work... Maybe Vanguard is not cool enough for the day traders. That's fine with me, because as a real investor, I stick with them. Keep the gamblers out.

 

Yep, if the mob can't destroy America by storming the Capitol and mounting an insurrection, they'll work on other ways to inflict mayhem. You realize that the only ones who win this game are the brokers, because they make lots of money with each buy and sell order?

 

LOL.. you sound scared. Somehow, you just never anticipate the fact folks just aren't willing to tolerate tyranny in this country. And when it was democrats storming the state house in Wisconsin, you were cheering them on. Sedition? your sudden prudence is spectacularly enjoyable to watch.

 

Show me where I cheered on rioters, the forum has a search function. I'll wait. BTW: It wasn't Democrats rioting. Most Democrats, including myself, condemned the violence.

 

They happen with regulation. Surely you know that.

 

The only mob with enough commitment to go after the tech oligarchs and the DP is AntiFa/BLM.

 

Usually.

 

Reddit and Discord banned the conversations.

TD Ameritrade and Robinhood blocked buying, at the same time.

Coincidence I guess.

 

LOL!

 

Disagree. I win, and I'm not a broker.

 

Let's see if you are still "winning" in a week.

In any case, you realize that this is just gambling? Whoever wins or loses money, nothing productive happens during the process, except that work is destroyed and heat is produced. This kind of stuff is exactly why the late Jack Bogle kept saying that American capitalism has lost its soul.

 

I will continue winning as long as the shorts are 140% of the amount of actual stock.

It's undeniable. It was so bad they had to actually BAR people from making too much. Lol

And it's nobody's fault but their own. Perhaps the hedges should do their clients a favor, and go ahead and eat their losses.

But they won't, they can't help themselves. Even if they did, they'd turn right around and short it again, so, oh well.

 

Nothing to see here.

 

Rigged!

Robinhood Forced To Draw-Down Credit Lines Amid Trading Ban.

Summary of today's chaos:

• Robinhood Draws Down On Credit Lines With Banks.
• Citadel Securities Denies It Influenced Robinhood In Restricting Stock Trading In GME.
• Robinhood Releases Statement Saying Stock Trading In GME Restarts Friday.
• Robinhood Users Complain Their GME Positions Are Being Sold Without Notice.
• Elon Musk Agreed With Congresswoman AOC For Investigation In Robinhood Banning Users From Trading GME.
• Barstool's David Portnoy Starts Twitter Spat With Citadel Point72's Steve Cohen.
• User Sues Robinhood In Southern District of New York For "Removing GME From Platform."
• AOC Livid With Robinhood's Decision To Place Trade Restrictions On Users; Calls It "Unacceptable."
• Robinhood Confirms Users Having Issues With "Equities, Options, And Crypto" Trading.
• Interactive Brokers Put AMC, BB, EXPR, GME, and KOSS Option Trading Into liquidation.
• Robinhood Restricts Trading In AMC, BB, BBBY, EXPR, GME, KOSS, NAKD & NOK.
• TD Ameritrade Placed GME, AMC On Trade Restrictions.

Update 1655ET: Shortly after Robinhood folded on its earlier decision to block buying of several high-profile stocks, Bloomberg reports the company has drawn down some of its credit lines with banks.

Bloomberg reports that the firm has tapped at least several hundred million dollars.

Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc.

Maybe the real reason is a sudden liquidity crisis as fees from Citadel evaporates as flows disappeared.

This could be an existential threat to the popular trading app, as one questions the sanity of people who would stay with the firm after today's betrayal knowing they are reportedly facing liquidity issues.

Given that Robinhood is enabling Citadel's primary sources of revenue, what will that mean for Ken? Will Ken still be able to afford $500 million lofts?

Robinhood issues their own statement which basically folded on their earlier decision to stop trading.

Presumably, Robinhood figured out that millions of fees from flow would disappear if they kept these stocks blocked.

GME immediately responded with a 20% spike...

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https://www.zerohedge.com/markets/y...obinhood-reportedly-removed-shuts-down-buying

 

What do you make of notices like these?

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Your thoughts on this?

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