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Thread: r/wallstreetbets and GME

  1. #61
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    Quote Originally Posted by TheXFactor View Post
    Wasn't Robinhood suppose to steal from the rich and give to the poor?



    Problem is how do we expect our politicians to come down on these people when they are the same people who use these hedge funds for their own investments?


    Looks like this will be just another slap on the wrist.

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    Diamond Walter Sobchak's Avatar
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    site=joke

    SOBCHAK SECURITY 213-799-7798

    PRESIDENT JOSEPH R. BIDEN JR., THE GREAT AND POWERFUL

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    Gold Shizzmoney's Avatar
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    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  4. #64
    Diamond TheXFactor's Avatar
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      MumblesBadly: LOL!

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    Name:  Screenshot_20210128-174928_Robinhood.jpg
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    Letttsss goooo

  6. #66
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    http://www.miraclecovers.com

    "Donk down, that’s what you say to someone after they have lost 28K straight?" - Phil Hellmuth, online

  7. #67
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  8. #68
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    Heads up

    CEO of Robinhood trading is going to be on CNBC in a very short time from now

    This should be interesting



    Ill have more stuff to post,but busy right now

  9. #69
    Diamond TheXFactor's Avatar
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    EXCLUSIVE: Meet Roaring Kitty - the stock picking wizard who sparked buying frenzy by tipping GameStop shares on Reddit: Boston suburban dad with $650,000 home emerges as the man who cost Wall Street billions

    https://www.dailymail.co.uk/news/art...urban-dad.html


     
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      MumblesBadly: Great find!

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    one theory that i saw thrown around is that they open GME trading and pull the same shit by shutting off buying access after the mob has driven it back up to $500...let the hedgies come in and short again with no chance of it going against them because there's no buyers to drive the price higher...

    not gonna lie, they pull this shit again they really dont think too much of people saying 'enough of this shit'...

    dont want to put politics into this, but hopefully we can all see that this isn't a left-right issue but this is an us v. them issue...hopefully this shit wakes people up to that fact...

     
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      shoeshine box: PREACH! wake up ppl.. it is Them vs Us /not red vs blue.
      
      Dan Druff: agree
      
      Walter Sobchak: yup, sfrigged

  11. #71
    Diamond TheXFactor's Avatar
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    Quote Originally Posted by Walter Sobchak View Post
    site=joke
    * One Star Rating


  12. #72
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    For people who are checking in and haven't followed this ridiculous soap opera and/or dont know what the deal is, imo this is a simple and concise explanation of just one big layer of many, of what has really happened today.

    Name:  hxekb8zf14e61.jpg
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    This shit is fucking criminal.

    The laughably sad part is that this kid of bullshit happens more than people think, and after all that has happened over the years, it took a bunch of retail investors on an internet message board to bring shit like this into the limelight and have everyone including the government actually talking and wondering what to do about it...

    ...all because some tiny nobodies saw public information of ridiculous and unfathomable short interest on a tiny stock, and decided to take action.

  13. #73
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    I kept eye on, amongst other things, the robinhood app in the Google play store. Customers were obviously angry at the fact that they couldnt perform a basic function of buying a certain stock...they could only sell. So naturally, they gave one star reviews.

    before the commotion, the app had a rating of 4.2 stars. In the next several hours, this was beat down to a 1.0.


    I just saw this and looked again and it is back to 4.2:


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  14. #74
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    BTW, for full disclosure, I have absolutely NO financial position on GME or any other of these stocks in question. Ive never had a position and I dont intend to at this juncture.

    I just thought I should disclose this since someone asked earlier and I forgot to answer.

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    now that AMC is doing this...it's really fucking annoying that GME isn't as well...looks like they can offer a million plus shares at the market, which would be gobbled up by the very people who were trying to short them into bankruptcy...

    along with the reddit crowd getting rich by bankrupting a hedgie or two, it would be just another little symbol of poetic justice in this bullshit...

  16. #76
    Platinum GrenadaRoger's Avatar
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    Quote Originally Posted by Walter Sobchak View Post
    Quote Originally Posted by Gordman View Post


    Here is a press release from early this morning that should answer your question.

    https://www.cnbc.com/2021/01/27/hedg...n-tuesday.html

    According to this article, the fund manager told CNBC, however I find it kind of telling that CNBC (and others) did not step back during the day and take another look at the situation (at least I didnt see anything). The only thing I saw at different times ive viewed today was the media pissing all over wsb and the retail traders like they are doing something wrong.
    The general vibe was:

    its "irresponsible"...

    "shouldnt be allowed to happen"...

    "they are unsophisticated and dont know what they are doing"...

    Which is pretty fucking laughably ironic considering that an internet message board was able to make huge hedge funds with "professionals" lose BILLIONS...with a B.

    If it wasnt so sad, it would be hilarious how much some of the media is shilling for the big boys.


    I wish someone could explain to me how WSB et al is somehow doing something wrong...unethical...or whatever they want to label it as...

    ...but somehow multi-billion dollar hedge funds are just fine when they are behaving irresponsibly shorting a company with positions so large that some of shares literally dont even exist.

    And to top it off?

    Doing it to a company that emloys thousands of people...all during a global pandemic
    I couldn't agree more, but this is the reality of the markets. The big boys very rarely lose and almost always get what they want. They don't play by the same rules as everyone else. And when they fuck up someone will be there to save them, last resort being the government. It's socialism for the 1% and capitalism for everyone else. And they have zero self-awareness or moral compass so they will go on TV to whine about how unfairly they are being treated.
    These big investor only hedge funds are permitted to make a lot of speculative investments that can't be made by ordinary mutual funds (where small investor put their money): investments like shorts, options, derivatives, etc...so they play with a whole lot of weapons small guys don't have.

    But what reddit allows is quick spread of market information (that is, which big funds and stocks have exposure to a short squeeze)...indeed, the pure competitive market, which long has been a justification for the stock market and it role in allocating capital in society, requires complete disclosure of all information to function most efficiently. Reddit has brought a new player (a collection of small investors) to the trading floor to rebalance the fight.
    Last edited by GrenadaRoger; 01-28-2021 at 08:41 PM.
    (long before there was a PFA i had my Grenade & Crossbones avatar at DD)

  17. #77

  18. #78
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    Name:  pk587rhsg2e61.jpg
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    Day 332:

    Computer scientist/WSOP bracelet winner & poker pro/PFA forum owner...
    has taken a stake in a cryptocoin (which btw has a current market cap of $9.2 billion at 0.072 per share) that was originally created as a joke about an internet dog meme.
    Last edited by Gordman; 01-28-2021 at 10:35 PM.

  19. #79
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    took long enough but it seems people are finally figuring out how bad the 1% has been fucking us

  20. #80
    Platinum nunbeater's Avatar
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    Quote Originally Posted by Gordman View Post
    Name:  pk587rhsg2e61.jpg
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    Day 332:

    Computer scientist/WSOP bracelet winner & poker pro/PFA forum owner...
    has taken a stake in a cryptocoin (which btw has a current market cap of $9.2 billion) that was originally created as a joke about an internet dog meme.
    fucking hell some guy started a goofy poker web site and was giving away thousands of these a few years ago

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