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Subject: "anybody holding GME stock?" Previous topic | Next topic
kinetic94761180
Member since Jul 05th 2002
17495 posts
Tue Jan-26-21 10:27 PM

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"anybody holding GME stock?"


  

          

https://www.cnbc.com/2021/01/26/gamestop-jumps-as-elon-musk-tweets-out-reddit-board-thats-hyping-stock.html

https://www.reddit.com/r/wallstreetbets/comments/l5nqcu/im_gonna_cum/ (NSFW title)

wild day. after hours was poppin'.

they're saying AMC is up next....

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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Topic Outline
Subject Author Message Date ID
Pump and Dump
Jan 26th 2021
1
I feel bad for the folks who are going to be left holding the bag
Jan 26th 2021
2
no but im following it heavily. its beautiful
Jan 27th 2021
3
saw a dude on reddit who supposedly invested 53K
Jan 27th 2021
4
Ok so we're entering a realm of playing telephone now.
Jan 27th 2021
6
I wish! I bought some AMC today since that was the new rumor but
Jan 27th 2021
5
yeah, you better hold onto that for a while
Jan 27th 2021
10
A neck beard hedge fund 😂😂😂
Jan 27th 2021
7
RE: anybody holding GME stock?
Jan 27th 2021
8
I'm enjoying the spectacle. Also not putting my money behind it
Jan 27th 2021
9
didnt buy GME but I bought AMC and Express
Jan 27th 2021
11
the hedge funds that shorted the stock
Jan 27th 2021
12
the amount of sympathy those rich bastards get is amazing
Jan 27th 2021
13
man, bailing those fucks out would be real bad move politically
Jan 27th 2021
15
      That's true if politically bad moves were mostly about voters
Jan 27th 2021
16
      it didn't even have to get to bailout. They just re-rigged the game
Jan 28th 2021
54
      Melvin Capital will be sacrificed like Lehman Brothers
Jan 27th 2021
24
For those unaware, here's a decent explanation of what's going on
Jan 27th 2021
14
that is excellent..thank you. and shorting should be illegal lol
Jan 27th 2021
18
Nah
Jan 27th 2021
26
      makes sense..thank you for that analysis
Jan 28th 2021
55
Lol that's wild. Thanks for that
Jan 27th 2021
Lol that's wild. Thanks for that
Jan 27th 2021
19
I just popped into the subreddit, and then bought $25. why?
Jan 27th 2021
17
Trading from the phone is the new skill
Jan 27th 2021
23
yes, exactly. I taught my son too
Jan 27th 2021
yes, exactly. I taught my son too
Jan 27th 2021
25
update: I wasn't able to buy GME so i bought dogecoin instead
Jan 28th 2021
58
This girl did a great job explaining it all.
Jan 27th 2021
20
this is even simpler
Jan 27th 2021
22
much better than i could ever explain it
Jan 28th 2021
53
Loving every moment of it.
Jan 27th 2021
21
Just read up on this, and it made my heart flutter <3
Jan 28th 2021
27
All the meme stocks got delisted on Robinhood
Jan 28th 2021
28
reddit shut down the sub but let a insurrection plan happen in broad day
Jan 28th 2021
30
reddit did not shut it down
Jan 28th 2021
32
if this isn’t Market Manipulation, what is?
Jan 28th 2021
34
I mean, that shit skyrocketed.
Jan 28th 2021
44
history
Jan 28th 2021
29
if you have or know anyone who has Robinhood, delete that app
Jan 28th 2021
31
lulz
Jan 28th 2021
33
>
Jan 28th 2021
35
Robinhood suspends GameStop and AMC trading (link):
Jan 28th 2021
36
Melvin Capital received $2.1 Bill from Citron to cover their position
Jan 28th 2021
37
      Damn
Jan 28th 2021
39
      Not Citron...Citadel
Jan 28th 2021
41
           thanks for the correction, I got that info from my coworker
Jan 28th 2021
42
           Turns out I need to correct this slightly
Jan 28th 2021
81
^THIS
Jan 28th 2021
40
looking into it
Jan 28th 2021
50
most broker-dealers charge a transfer fee and an account termination fee...
Jan 28th 2021
94
I left a couple months ago after reading about PFOF.
Jan 29th 2021
103
Got that NAKD stock though
Jan 28th 2021
38
AOC now callling for hearings on Robinhood's behavior
Jan 28th 2021
43
I was just going to ask
Jan 28th 2021
45
Due to a recent experience, I feel this so much.
Jan 28th 2021
47
wow..thanks for sharing this
Jan 28th 2021
56
      Happy to share.
Jan 28th 2021
92
The Biden administration is monitoring the situation
Jan 28th 2021
48
      Humble in the sense
Jan 28th 2021
65
RE: AOC now callling for hearings on Robinhood's behavior
Jan 28th 2021
46
Bipartisan support for it too
Jan 28th 2021
49
      We got both Ben Shapiro and AOC calling foul on this.
Jan 28th 2021
75
wait wait wait...this is becoming a major shit show
Jan 28th 2021
51
and now Apex Trading has restricted all the short squeeze stocks on M1
Jan 28th 2021
52
      M1 was quick w/the "this is not our decision" LOL
Jan 28th 2021
59
           LOL
Jan 28th 2021
66
Spreading...American Airlines now "sell-only" on Robinhood
Jan 28th 2021
57
shit, I was planning on having a &quot;relaxed&quot; 2021. that dream di...
Jan 28th 2021
60
I hear you. A friend theorized this is partly
Jan 28th 2021
61
      RE: I hear you. A friend theorized this is partly
Jan 28th 2021
68
it is clear the powers that be have no concern
Jan 28th 2021
62
defi
Jan 28th 2021
63
^ sees it ^^
Jan 28th 2021
90
yessir. Mirror Protocol is gonna explode after this.
Jan 30th 2021
123
      yeah
Jan 30th 2021
131
Robinhood is automatically selling shares now. LOL
Jan 28th 2021
64
wait for real?
Jan 28th 2021
67
yes..twitter is going apeshit right now
Jan 28th 2021
69
Washington has to get involved for sure now.
Jan 28th 2021
70
Supposedly, the White House was part of the call to shut it down
Jan 28th 2021
73
well, that was the dumbest fucking career move made ever
Jan 28th 2021
76
      Yep. That had better be the mother of all burners
Jan 28th 2021
86
           Gemini, about 5' 10", called out sick today, name rhymes with...
Jan 28th 2021
87
RE: Washington has to get involved for sure now.
Jan 28th 2021
77
      RE: Washington has to get involved for sure now.
Jan 28th 2021
79
           Delaware has the highest interest rate for CC companies in the US
Jan 28th 2021
82
holy shit, fuck that and fuck them.
Jan 28th 2021
71
Those are likely margin calls
Jan 28th 2021
72
But when they’re also restricting movement on it, is that not forced?
Jan 28th 2021
78
That's the other shady stuff
Jan 28th 2021
80
This. It was a 'by the rules' move, just shady timing
Jan 29th 2021
100
on their website
Jan 28th 2021
85
Gordon Johnson.. only 3 tweets until he brought up Hitler
Jan 28th 2021
74
Still waiting to see how much of this is actually illegal
Jan 28th 2021
83
Wall Street works fine for Wall Street
Jan 28th 2021
91
Treasury Secretary Yellen has collected 800k from Citadel
Jan 28th 2021
84
so why would robinhood restrict trading on certain stocks?
Jan 28th 2021
88
the CEO of one of Robinhood's competitors explains what's going on
Jan 28th 2021
89
^
Jan 28th 2021
93
RE: ^
Jan 28th 2021
95
anyone outside those brokerages doesn't know for sure
Jan 29th 2021
97
save the sarcasm
Jan 29th 2021
98
which is 100% true!
Jan 29th 2021
99
shitty analogy.
Jan 29th 2021
117
      Hahaha incredibly shitty.
Jan 29th 2021
120
      A brokerage is a commercial entity.
Jan 30th 2021
124
      lol. what a bootlicking, smart-dumb response.
Jan 30th 2021
126
           lol what a fact-free emotional reaction
Jan 30th 2021
128
                re-read that dumb shit
Jan 30th 2021
130
                     lol
Jan 30th 2021
132
                     the problem with your theory is
Jan 31st 2021
134
      a better analogy would be that ben & jerrys stopped selling ice cream
Feb 02nd 2021
148
           LOL, yeah, I guess that is better.
Feb 02nd 2021
150
He's way more informative than RH's CEO
Jan 29th 2021
104
      I don't know what to think of robinhood as a company
Jan 29th 2021
115
so dogecoin is the move now-
Jan 28th 2021
96
I copped some dogecoin last year when it was .000000089
Jan 29th 2021
101
WHAT!!!
Jan 29th 2021
110
      20k shares for like 40
Jan 29th 2021
116
can't find a reputable way to purchase...i'm out...
Jan 29th 2021
102
binance or voyager
Jan 29th 2021
105
      lmao at Binance
Jan 29th 2021
106
      Buying and selling brypto on Binance
Jan 29th 2021
108
           I'm tryin to bash out!
Jan 29th 2021
109
                Trying to Bash out before the Market Brashes!!
Jan 29th 2021
113
      I finally got Kraken to open and they're only allowing Order Cancellatio...
Jan 29th 2021
107
           pretty sure everyone requires a SSN when investing
Jan 30th 2021
122
                Yeah, I just decided to stick with my existing SoFi account
Jan 30th 2021
125
It got up to .08 last night.
Jan 29th 2021
111
elon hacked or nah?
Feb 04th 2021
165
      "dogecoin is the people's crypto"
Feb 04th 2021
166
this shit is so deep...
Jan 29th 2021
112
Damn.. we about to lose the Hornets again?
Jan 29th 2021
114
Good Twitter thread
Jan 29th 2021
118
Bloomberg piece
Jan 29th 2021
119
Rh cost me 100K+
Jan 30th 2021
121
This is looking like a pump and dump
Jan 30th 2021
127
Can’t wait for the Michael Lewis book
Jan 30th 2021
129
I don't think so
Jan 31st 2021
133
Are you saying that GameStop is worth 330+ in reality?
Feb 01st 2021
136
      I think the definition of a pump and dump is a bit more closed than that
Feb 01st 2021
139
           First result from google;
Feb 01st 2021
143
                the key words there are *fraudulent and *artificially
Feb 01st 2021
144
                     Yes
Feb 01st 2021
145
                          what are the "rational" reasons for investment?
Feb 01st 2021
146
                               Time will tell
Feb 01st 2021
147
                                    Was the assholish ending necessary?
Feb 10th 2021
171
I have no idea what it is
Feb 01st 2021
135
how do you explain the redditor who picked it up 2 years ago?
Feb 01st 2021
137
      That's just one individual person
Feb 01st 2021
138
      Saw the value? What value?
Feb 01st 2021
140
           the skyrocketing isn't because it's so good, but gamestop
Feb 01st 2021
141
                thats fair
Feb 01st 2021
142
Wapo on the more complex origins of this run
Feb 02nd 2021
149
feel for those who lost a shit ton on this stock
Feb 02nd 2021
151
yikes
Feb 02nd 2021
152
got in w/ 10 shares @ 99 avg, cashed out when it first got close to $400...
Feb 02nd 2021
153
I only had 3.6 shares at $325 avg
Feb 02nd 2021
155
yikes.
Feb 02nd 2021
154
and more people were trying to buy in who probably would have lost
Feb 02nd 2021
156
people is wsb posting 700k losses screaming hold the line
Feb 03rd 2021
157
      like idk who they thought they were going to sell that $500 gamestop sha...
Feb 03rd 2021
163
i cant mess with stocks now
Feb 03rd 2021
159
everybody can drop the populism angle now.
Feb 03rd 2021
158
like it's not even close to subtle
Feb 03rd 2021
160
fam you had rosebud twitter jumping down elizabeth warrens throat
Feb 03rd 2021
161
I think this evolved into a populist thing
Feb 03rd 2021
162
Congrats on making billions in profit for hedge funds
Feb 03rd 2021
164
of course some hedge funds made big money
Feb 04th 2021
167
      there was like one hedge und that lost money
Feb 04th 2021
168
           That's what made me lol at the whole episode
Feb 04th 2021
169
                and it all happened right out in the open
Feb 04th 2021
170
gme up 100%, gets halted, reddit down-
Feb 24th 2021
172
Up 100%, still down $350 dollars from last month
Feb 24th 2021
173
      yes but, currently up 1741% 6 months ago, opposed to -73% from ATH
Feb 24th 2021
174
HOLY SHIT. its up to 265. how the fuck..?
Mar 10th 2021
175
still holding 10 shares at $70-
Mar 11th 2021
176
Guess we're still doing this? AMC going buck wild right now
Jun 02nd 2021
177
I’m mad at myself for selling this
Jun 02nd 2021
178
I sold my 10 shares of AMC today RIGHT at the peak, 70 per share.
Jun 02nd 2021
179
Up $300K on AMC. Hit $2.3 mil yesterday.
Jun 03rd 2021
180
      life. changing.
Jun 03rd 2021
181
      congrats.. I’m jealous and happy for you
Jun 04th 2021
182
      Wow. What's your plan?
Jun 04th 2021
183
      sounds like he is waiting on the squeeze
Jun 04th 2021
184
      DIAMOND HANDS (sorry, sorry, I had to)
Jun 04th 2021
186
      holding and rolling some call options
Jun 07th 2021
190
           I put a small bet in with some puts, but I'm rooting for you
Jun 07th 2021
191
                hope we all can make it #prayerhands
Jun 07th 2021
192
      what was your play? assets or derivatives?
Jun 04th 2021
185
           I have shares that I will hold throughout the squeeze
Jun 07th 2021
193
                What makes gme/amc bulls believe “the squeeze” is coming?
Jun 08th 2021
196
                     Two words: naked shorts.
Jun 08th 2021
197
                          Thanks, and good luck.
Jun 08th 2021
198
                               Haha yeah no doubt. I've already covered my original investment.
Jun 08th 2021
199
*crunches numbers on $60K, $100K+ AMC price*
Jun 06th 2021
187
$60,000 per share of GME? I assume this is a typo.
Jun 06th 2021
188
AMC; The expectation is 500K per share
Jun 06th 2021
189
      *entertainment purposes
Jun 08th 2021
194
FACTS! I have shares in stow for when it maxes a moon.
Jun 08th 2021
195
You're in a cult bro
Jun 09th 2021
202
There are so many obvious shill accounts hawking gme/amc
Jun 08th 2021
200
Literal shades of Q-Anon..."Trust the Process"? Lol
Jun 08th 2021
201

handle
Charter member
17247 posts
Tue Jan-26-21 10:31 PM

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1. "Pump and Dump"
In response to Reply # 0


          

Shit's stupid.

------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Tue Jan-26-21 10:50 PM

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2. "I feel bad for the folks who are going to be left holding the bag"
In response to Reply # 0


  

          

The game will end. The only question is when.

Eventually it's going to go back down to the 10-15 dollar range. And people who jumped on the train at $100 are going to be devastated

  

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BrooklynWHAT
Member since Jun 15th 2007
81433 posts
Wed Jan-27-21 09:04 AM

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3. "no but im following it heavily. its beautiful"
In response to Reply # 0


  

          

CNBC losing their shit on air yesterday crying for the poor investment firms these folks are about to put out of business

<--- Big Baller World Order

  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Jan-27-21 11:58 AM

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4. "saw a dude on reddit who supposedly invested 53K"
In response to Reply # 0


          

and made 11 mill..

smh.

and I bought a fee shares of AMC at $4.. but just a few.

I’m hearing Express is up next

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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double negative
Member since Dec 14th 2007
21885 posts
Wed Jan-27-21 12:27 PM

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6. "Ok so we're entering a realm of playing telephone now. "
In response to Reply # 4


  

          

So far in the time I've been looking into this, I have heard...

AMC
BB
Nokia
and now Express

are all "up next"

i know there is a real opportunity to make a big boy play and make money, I'm just not "with it" to do deep research to figure out who will be doing what and what the actual real play will be.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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lightworks
Member since Feb 17th 2006
5818 posts
Wed Jan-27-21 12:14 PM

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5. "I wish! I bought some AMC today since that was the new rumor but "
In response to Reply # 0


          

so far I’m losing money so jokes on me lol

  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Jan-27-21 03:10 PM

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10. "yeah, you better hold onto that for a while"
In response to Reply # 5


          

I bought a little bit at $4 so I made some money but man..

kicking myself because my boy told me about it when it was $2 and I waited.. then I told myself to buy a shit load of it but I didn’t

then yesterday I read they got a cash infection and avoided bankruptcy. I expected a little bump but damn... this was crazy

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Amritsar
Member since Jan 18th 2008
30697 posts
Wed Jan-27-21 12:36 PM

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7. "A neck beard hedge fund 😂😂😂"
In response to Reply # 0


  

          

_______________________________________________
"Mindless populism embodied by Trump and Sanders are like a malignant wart on our body politic"

  

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double 0
Member since Nov 17th 2004
6897 posts
Wed Jan-27-21 12:47 PM

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8. "RE: anybody holding GME stock?"
In response to Reply # 0


          

Very interesting to see the battle between retail investors and hedge funds and industry investors

Double 0
DJ/Producer/Artist
Producer in Kidz In The Hall
-------------------------------------------
twitter: @godouble0
IG: @godouble0
www.thinklikearapper.com

  

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GOMEZ
Member since Feb 13th 2003
5443 posts
Wed Jan-27-21 01:52 PM

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9. "I'm enjoying the spectacle. Also not putting my money behind it"
In response to Reply # 0


  

          

I appreciate that some hedge funds who have made a lot of money off of dishonestly manipulating the markets are getting hammered right now, but also, eventually someone is going to get stuck holding the bag.

Big picture - this doesn't seem like a healthy financial system we've got in place.

In a generation of swine, the one-eyed pig is king.
-Hunter S. Thompson

  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Jan-27-21 03:33 PM

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11. "didnt buy GME but I bought AMC and Express"
In response to Reply # 9


          

and I’m not mad.

just mad I didnt buy more.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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luminous
Charter member
11678 posts
Wed Jan-27-21 05:26 PM

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12. "the hedge funds that shorted the stock"
In response to Reply # 0


  

          

will probably get bailed out...

--
Sometimes you have to look reality in the face and say 'No!'
-Ben (Reaper)

  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Jan-27-21 07:26 PM

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13. "the amount of sympathy those rich bastards get is amazing"
In response to Reply # 12


          

I listened to an interview with a dude who broke down this whole thing and had CNBC hot.

basically said reddit users arent hiding in the Hamptons whispering at private dinners about manipulating stocks. Its out in the open.

Also said some of these reddit users were kids who watched their parents lose it all and then watched Wall St get bailed out.. yet making the market work in their favor is seen as illegal? Its bullshit

The wrong people are losing money.. its not fair.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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GOMEZ
Member since Feb 13th 2003
5443 posts
Wed Jan-27-21 07:53 PM

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15. "man, bailing those fucks out would be real bad move politically"
In response to Reply # 12


  

          

they made bets, which cynically were probably made to manipulate the market in their favor. They went all in, reddit users/retail investors went all in and called their bluff, and swung the market back in their favor. Really their only actual complaint is that the game isn't 1000% rigged in their favor anymore. They shouldn't get a bail out, it's time to have them kicked out of their high roller suite at the casino.

In a generation of swine, the one-eyed pig is king.
-Hunter S. Thompson

  

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Walleye
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Wed Jan-27-21 08:53 PM

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16. "That's true if politically bad moves were mostly about voters"
In response to Reply # 15


          

I don't think that's the case though.

______________________________

"Walleye, a lot of things are going to go wrong in your life that technically aren't your fault. Always remember that this doesn't make you any less of an idiot"

--Walleye's Dad

  

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GOMEZ
Member since Feb 13th 2003
5443 posts
Thu Jan-28-21 01:35 PM

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54. "it didn't even have to get to bailout. They just re-rigged the game"
In response to Reply # 16


  

          

and did it in plain site. The dice are totally loaded, man. I mean, not new information, but even the worst losers in the investment class aren't allowed to lose.

Added benefit - politicians get to pretend like they're shocked an angered by this. they will bloviate and bluster and then determine they can't do anything on a bipartisan level. Or maybe worse even, they might put additional restrictions on retail investors 'for their safety.



In a generation of swine, the one-eyed pig is king.
-Hunter S. Thompson

  

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will_5198
Charter member
61301 posts
Wed Jan-27-21 10:26 PM

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24. "Melvin Capital will be sacrificed like Lehman Brothers"
In response to Reply # 15


          

but all the financial powers and government will just come together and make it very difficult for average people to duplicate this

this morning, the ruling class literally just halted trading so they could all figure out their positions

--------

  

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mrhood75
Member since Dec 06th 2004
43349 posts
Wed Jan-27-21 07:35 PM

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14. "For those unaware, here's a decent explanation of what's going on"
In response to Reply # 0


  

          

It certainly helped me, as I'm pretty clueless to all this shit.

https://www.vice.com/en/article/pkdvgy/send-this-to-anyone-who-wants-to-know-wtf-is-up-with-gamestop-stock

While I don't like Elon Musk and am extremely wary of online day-trader cowboys, I enjoy watching these hedge-funds continuously shitting their pants over this. As the article says, they lorded being "the smartest people in the room" for years, and are waaaay overdue to eat shit.

-----------------

www.albumism.com

Checkin' Our Style, Return To Zero:

https://www.mixcloud.com/returntozero/

  

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Damali
Member since Sep 12th 2002
35150 posts
Wed Jan-27-21 09:11 PM

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18. "that is excellent..thank you. and shorting should be illegal lol"
In response to Reply # 14


          


"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Wed Jan-27-21 11:07 PM

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26. "Nah "
In response to Reply # 18


  

          

<
<and shorting should be illegal
<

Short selling allows prices to more accurately reflect people's opinions on the company. If shorting were illegal, only people optimistic about a company (buyers) would be able to participate in the stock. So the stock would be overvalued.

Short selling allows pessimists to participate too, which should bring prices closer towards their "correct" values (i.e. reflecting all information and opinions).

  

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Damali
Member since Sep 12th 2002
35150 posts
Thu Jan-28-21 01:38 PM

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55. "makes sense..thank you for that analysis"
In response to Reply # 26


          


"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Mynoriti
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"Lol that's wild. Thanks for that"


  

          

I still feel like a moron reading it but i get the basics of what's happening.

--------
http://ambitiondeficitdisorder.tumblr.com/

  

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Mynoriti
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19. "Lol that's wild. Thanks for that"
In response to Reply # 14


  

          

I still feel like a moron reading it but i get the basics of what's happening.

--------
http://ambitiondeficitdisorder.tumblr.com/

  

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Damali
Member since Sep 12th 2002
35150 posts
Wed Jan-27-21 09:01 PM

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17. "I just popped into the subreddit, and then bought $25. why?"
In response to Reply # 0


          

because they are saying there are over 200,000 options that are expiring on 1/29. they are telling everyone who has shares to hold at least until then.

so imma see what happens.

Hey if i make $100 or something like that, it'll be fun.

everybody should just buy a lil bit and see what happens

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Mori
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Wed Jan-27-21 10:25 PM

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23. "Trading from the phone is the new skill"
In response to Reply # 17


          

I am teaching my kid how to trade. Working is a joke. Too many gatekeepers. I bought $100 buck of everything. The key is knowing when to sell.

Rise & Shine
Thrive & Grind
Heart & Mind

  

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Damali
Member since Sep 12th 2002
35150 posts
Wed Jan-27-21 10:53 PM

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"yes, exactly. I taught my son too"


          

He bought airline stock last year and sold it right before they tanked and was able to have enough money for the downpayment on his photography studio

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Damali
Member since Sep 12th 2002
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Wed Jan-27-21 10:53 PM

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25. "yes, exactly. I taught my son too"
In response to Reply # 23


          

He bought airline stock last year and sold it right before they tanked and was able to have enough money for the downpayment on his photography studio

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Damali
Member since Sep 12th 2002
35150 posts
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58. "update: I wasn't able to buy GME so i bought dogecoin instead"
In response to Reply # 17


          

that's been some of the advice from wall street bets once robinhood jerked them

they trying to get doge up to $1...so fuck it, i'm in.

and fuck robinhood app. as soon as im done riding this doge wave, i'm deleting the app

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Brew
Member since Nov 23rd 2002
21123 posts
Wed Jan-27-21 09:53 PM

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20. "This girl did a great job explaining it all."
In response to Reply # 0


          

https://twitter.com/avalonpenrose/status/1354496683938201600?s=21

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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Damali
Member since Sep 12th 2002
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Wed Jan-27-21 10:22 PM

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22. "this is even simpler"
In response to Reply # 20


          

https://twitter.com/omenrollt/status/1354541418937769985/photo/1

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Mynoriti
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Thu Jan-28-21 01:34 PM

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53. "much better than i could ever explain it"
In response to Reply # 20


  

          

--------
http://ambitiondeficitdisorder.tumblr.com/

  

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Mori
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21. "Loving every moment of it. "
In response to Reply # 0


          

Wish I could get in and make enough to pay off all my credit card debt and my house. Screw this system. It is so unjust to keep so many people struggling despite going to college, raising children, cleaning toilets, making food for the affluent.

Making money should not be this hard and demoralizing. Everyone should have a basic quality of life.

Rise & Shine
Thrive & Grind
Heart & Mind

  

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flipnile
Member since Nov 05th 2003
12997 posts
Thu Jan-28-21 05:02 AM

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27. "Just read up on this, and it made my heart flutter <3"
In response to Reply # 0


          

Legit smiled while reading about this. Thinking about downloading an app and investing $100 just to contribute to fucking the system (or is that too little $$$).

  

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Steve O Tron v2
Member since Sep 13th 2002
12704 posts
Thu Jan-28-21 09:10 AM

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28. "All the meme stocks got delisted on Robinhood"
In response to Reply # 0
Thu Jan-28-21 09:11 AM by Steve O Tron v2

          

Lots of panic selling right now. It was up to $500 after hours this morning and now almost back down to $300.

  

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BrooklynWHAT
Member since Jun 15th 2007
81433 posts
Thu Jan-28-21 09:51 AM

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30. "reddit shut down the sub but let a insurrection plan happen in broad day"
In response to Reply # 28


  

          

gotta love it

<--- Big Baller World Order

  

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Rjcc
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32. "reddit did not shut it down"
In response to Reply # 30


          


www.engadgethd.com - the other stuff i'm looking at

  

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Tiger Woods
Member since Feb 15th 2004
17181 posts
Thu Jan-28-21 10:19 AM

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34. "if this isn’t Market Manipulation, what is?"
In response to Reply # 28


  

          

  

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Cold Truth
Member since Jan 28th 2004
42120 posts
Thu Jan-28-21 11:49 AM

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44. "I mean, that shit skyrocketed. "
In response to Reply # 28
Thu Jan-28-21 11:50 AM by Cold Truth

  

          

If you had 3,000 shares by the time it closed yesterday, you're a millionaire, give or take, taxes and fees notwithstanding. And if you had more?

If you had 1,000 shares, you had enough to pay for a home in cash (depending on where you live, etc) by COB.

How much that represents as profit depends on what you invested, but if you're someone who had that shit back when this shit was $4, that was a great time to get that bag...

... and, probably, put a little back in after the drop.

While people who were trying to short probably got fucked, I'm betting plenty of people just got the bag while it was hot. I'm betting plenty of people just pocketed that extra 1, 5, 10K while it as there.

I know that was my plan: get in, make a few bucks, jump out.

  

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Crash Bandacoot
Member since May 13th 2003
9905 posts
Thu Jan-28-21 09:39 AM

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29. "history"
In response to Reply # 0
Thu Jan-28-21 09:48 AM by Crash Bandacoot

          

i want to see who will be left holding the bags LOL

synthetic trading would be great for this

$snx

  

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lsymone
Member since Nov 03rd 2007
7396 posts
Thu Jan-28-21 09:59 AM

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31. "if you have or know anyone who has Robinhood, delete that app"
In response to Reply # 0


          


never trusted them anyway. go M1 or Vanguard.

btw don not sell, if you have gME/AMC. you sell you lose.

take a message

  

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luminous
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Thu Jan-28-21 10:15 AM

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33. "lulz"
In response to Reply # 31


  

          

--
Sometimes you have to look reality in the face and say 'No!'
-Ben (Reaper)

  

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Crash Bandacoot
Member since May 13th 2003
9905 posts
Thu Jan-28-21 10:24 AM

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35. ">"
In response to Reply # 31


          

dogecoin ftw

  

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flipnile
Member since Nov 05th 2003
12997 posts
Thu Jan-28-21 10:45 AM

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36. "Robinhood suspends GameStop and AMC trading (link):"
In response to Reply # 31


          

https://www.newsweek.com/robinhood-stops-gamestop-amc-stock-trading-1565122


The game is rigged, and Robinhood appears to be playing for the other team.

  

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legsdiamond
Member since May 05th 2011
69888 posts
Thu Jan-28-21 11:14 AM

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37. "Melvin Capital received $2.1 Bill from Citron to cover their position"
In response to Reply # 36


          

rumor has it Citron has a vested interest in Robinhood.

shit is beyond rigged.

cant have these billionaires losing their hard earned money.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Lurkmode
Member since May 07th 2011
4191 posts
Thu Jan-28-21 11:18 AM

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39. "Damn"
In response to Reply # 37


  

          

They said nah we not taking the L

---------------------------
Signature

  

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shockvalue
Charter member
150 posts
Thu Jan-28-21 11:39 AM

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41. "Not Citron...Citadel"
In response to Reply # 37
Thu Jan-28-21 11:41 AM by shockvalue

          

So Citadel is a large market maker with 40% of the us market. They pay Robinhood large fees for information on trades and handle some or all of Robinhoods trading volume.

Meanwhile, Citadel is also an investor in Melvin Capital, a hedge fund who was gettin burned by the GME rise due to their short position. Can we say conflict of interest?

So what does Citadel's partner Robinhood do when trading activity on its "democratized" platform is threatening Citadel's bottom-line? Make the relevant securities "sell-only" to tank the price.

This shit STINKS.

Good breakdown here:
https://popular.info/p/the-merry-adventures-of-robinhood

  

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legsdiamond
Member since May 05th 2011
69888 posts
Thu Jan-28-21 11:41 AM

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42. "thanks for the correction, I got that info from my coworker"
In response to Reply # 41


          

I damn sure aint that deep in the game.. lol

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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shockvalue
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Thu Jan-28-21 04:09 PM

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81. "Turns out I need to correct this slightly"
In response to Reply # 41
Thu Jan-28-21 04:10 PM by shockvalue

          

Citadel Securities (which buys Robinhood's "order flow") and Citadel Hedge Fund (which bailed out Melvin Capital, and is on the hook for Melvin's potential short losses on GME) are technically two different companies that were both founded by the same person, Ken Griffin. Could they be acting in concert here? Perhaps. According to wikpedia Griffin still owns 85% of both.

More info is needed. Hopefully the rising bipartisan latinx powerhouese of Cortez-Cruz will get to the bottom of it, if AOC can just get past that little matter of Cruz attempting to get her killed a few weeks ago.





  

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shockvalue
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150 posts
Thu Jan-28-21 11:36 AM

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40. "^THIS"
In response to Reply # 31


          

.

  

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mista k5
Member since Feb 01st 2006
14043 posts
Thu Jan-28-21 01:03 PM

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50. "looking into it"
In response to Reply # 31


  

          

robinhood charges $75 to transfer. i dont have much in there but looks like i would end up losing the gains i have made and then some with that fee.

do some of these alternatives offset that fee some if you choose to transfer to them?

cant transfer crypto. whats the best way to go about dealing with that?

  

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Fishgrease
Member since Feb 13th 2006
34443 posts
Thu Jan-28-21 11:23 PM

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94. "most broker-dealers charge a transfer fee and an account termination fee..."
In response to Reply # 50


  

          

these fees range from $50-$100. Also if you have foreign investments, you may be charged a holding fee that isn't imposed until you move your account. Your new broker dealer may cover these charges as an incentive, but few do that unless you're moving big money over.

---------------------------------------
blog: www.wonderfullyhorrible.blogspot.com
instagram: Fishgrease
twitter: wooly_caesar
Podcast www.soundcloud.com/circlegang

  

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Triptych
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Fri Jan-29-21 10:12 AM

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103. "I left a couple months ago after reading about PFOF."
In response to Reply # 31


  

          

They're just fucking their users over. This doesn't surprise me at all.

Left for Merrill Edge. Shitty UI, but it's linked to my bank (BoA).

____________________________

http://twitter.com/irefox
http://stackoverflow.com/users/43089/triptych
http://github.com/djtriptych

  

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KingMonte
Member since Feb 13th 2006
4675 posts
Thu Jan-28-21 11:17 AM

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38. "Got that NAKD stock though"
In response to Reply # 0


  

          

It's like the difference between watching a game and having money on the game.

I have a 400 year old chip on my shoulder.

  

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shockvalue
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150 posts
Thu Jan-28-21 11:46 AM

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43. "AOC now callling for hearings on Robinhood's behavior"
In response to Reply # 0


          

Good. This shit is crookeder than a barrel of snakes.

https://twitter.com/AOC/status/1354830697459032066?s=20

  

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Numba_33
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Thu Jan-28-21 11:55 AM

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45. "I was just going to ask"
In response to Reply # 43


  

          

what type of odds there are of legislation being written as result of this. I have to assume the majority of House and Senate are in the pocket of the monied interests, so I dunno how much change will truly occur. Wonder if Biden will offer his thoughts on the matter since he's been signing Executive Decisions on a daily basis it seems.

Pretty wild that humble little GameStop is the center of all this. there's a GameStop literally five minutes away from me that's shutting down and selling off inventory. That's kind of why I viewed this as odd.

Kudos to the folks that profited off this, but it just feels odd to make money off of inflated and manipulated stocks, especially when the business the stock is based off of is literally failing.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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shockvalue
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150 posts
Thu Jan-28-21 12:05 PM

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47. "Due to a recent experience, I feel this so much."
In response to Reply # 45


          

Bear with me, but I have wanted to share this since it happened.

I recently visited a Gamestop in Harlem that was absolutely bumping with business, and where the stereo system was also malfunctioning resulting in a really loud constant buzzing sound. A week or so later I came back again (this was Xmas time) and the sound was still going. I spoke to the employees to express my condolences and ask if I could take a look to try to resolve the issue (I have a background in this area).

They were super grateful and welcoming of my effort (saying of course it bothered them even though they'd adjusted to it), but in the small cramped New York store, the stereo equipment is hidden somewhere in the ceiling and they couldn't locate it (they had tried). I finally suggested they just pull the speaker wires out of the speakers and tape them off. They thanked me but were probably less than enthusiastic to possibly get in trouble or break something. I also called Gamestop corporate and complained.

I haven't been back since to see if they resolved the issue, but I doubt it. If it were not for COVID, I'd go in there and rip the ceiling apart myself to get to the bottom of it.

Forgive the tangent, but it just felt like another dystopian hallmark of our inhumane current condition of unfettered capitalism and poor oversight. This stock situation reminded me of it.

  

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Damali
Member since Sep 12th 2002
35150 posts
Thu Jan-28-21 01:39 PM

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56. "wow..thanks for sharing this"
In response to Reply # 47


          


"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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shockvalue
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150 posts
Thu Jan-28-21 09:23 PM

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92. "Happy to share."
In response to Reply # 56


          

It broke my heart for those kids who work there. They were rally cool too. Made it even worse.

I just remembered that when I called corporate I pressed the button for Human Resources. I hope it came across that I might be recording the call, I tried to put that over subliminally with my enunciation lol.

  

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Lurkmode
Member since May 07th 2011
4191 posts
Thu Jan-28-21 12:09 PM

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48. "The Biden administration is monitoring the situation"
In response to Reply # 45


  

          


humble little Gamestop ?

https://www.marketwatch.com/story/biden-administration-monitoring-the-situation-with-gamestops-stock-white-house-says-2021-01-27

White House press secretary Jen Psaki on Wednesday said Treasury Secretary Janet Yellen and others in the Biden administration are keeping an eye on the huge moves being made by GameStop GME, -14.26% and some other stocks. "Our economic team, including Secretary Yellen and others, are monitoring the situation.

---------------------------
Signature

  

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Numba_33
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17787 posts
Thu Jan-28-21 02:17 PM

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65. "Humble in the sense"
In response to Reply # 48


  

          

that even before COVID-19 hit and forced a grip of GameStop stores to shut down last spring and summer, the store was suffering nationwide. Folks purchased physical or digital copies of their games online rather than go into the brick and mortal GameStop locations. Stores shutting down as result of COVID only made matters worse.

Factoring that all in, it's wild to see a struggling store like GameStop become the center of all this.

Then again, perhaps it being a struggling store is part of the point since I would imagine one aspect of this stock market trickery is picking a stock that is low to begin with to maximize the manipulated profits.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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mista k5
Member since Feb 01st 2006
14043 posts
Thu Jan-28-21 11:59 AM

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46. "RE: AOC now callling for hearings on Robinhood's behavior"
In response to Reply # 43


  

          

https://www.gannett-cdn.com/presto/2020/01/27/PDEM/1d9f35a6-8179-466e-b679-dafb7c899ba8-0126-JVN_Warren-004.jpg?width=660&height=371&fit=crop&format=pjpg&auto=webp

  

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Amritsar
Member since Jan 18th 2008
30697 posts
Thu Jan-28-21 12:47 PM

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49. "Bipartisan support for it too"
In response to Reply # 43


  

          

_______________________________________________
"Mindless populism embodied by Trump and Sanders are like a malignant wart on our body politic"

  

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Cold Truth
Member since Jan 28th 2004
42120 posts
Thu Jan-28-21 03:18 PM

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75. "We got both Ben Shapiro and AOC calling foul on this."
In response to Reply # 49


  

          

That's wild.

  

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double negative
Member since Dec 14th 2007
21885 posts
Thu Jan-28-21 01:29 PM

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51. "wait wait wait...this is becoming a major shit show"
In response to Reply # 0


  

          

Citadel securities has financial interests in Robinhood. Robinhood was told to snatch GME, AMC, BB etc. from trading on the platform - then it comes out that Citadel was shorting GME and even shored up further short positions before telling Robinhood to halt GME trading. J.F.C.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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legsdiamond
Member since May 05th 2011
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Thu Jan-28-21 01:30 PM

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52. "and now Apex Trading has restricted all the short squeeze stocks on M1"
In response to Reply # 51
Thu Jan-28-21 01:33 PM by legsdiamond

          

and someone on the wsb reddit said these firms are trading these stocks back and forth at lower prices to trick the algorithms in what they call a short ladder.

Not sure if its legit but man... these fuckers are grimy as hell.

Robinhood talking about they are protecting customers while restricting them from selling or buying Gamestop. wtf??

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Damali
Member since Sep 12th 2002
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Thu Jan-28-21 01:51 PM

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59. "M1 was quick w/the "this is not our decision" LOL"
In response to Reply # 52


          

they know robinhood is getting cancelled and they don't want to be next

this is so fucking awesome...best movie of 2021

The Big Short 2: This Time Its Personal

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Stadiq
Member since Dec 21st 2005
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66. "LOL "
In response to Reply # 59


          




>
>The Big Short 2: This Time Its Personal
>

Right...this is awesome and a nice twist.

If nothing else comes out of this, I hope more people understand "the economy" doesn't = the stock market.


Folks fist pumping their 401k while their wages haven't gone up, their neighbors are unemployed, their other neighbor is about to file for bankruptcy due to medical bills, etc never ever sat right with me.

And now its getting even more obvious how they just manipulate that shit for their own gain. My 401k went up 30 grand or whatever, they made fucking millions...and its all cuz they cracked the algorithms and are working together? Shiiit.

  

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shockvalue
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57. "Spreading...American Airlines now "sell-only" on Robinhood"
In response to Reply # 0


          

This is getting so crazy.

Freezing a stock to sell or buy is one thing (though highly questionable depending on one's interests e.g. Citidel)...but putting something into "sell-only", a move virtuallyl guaranteed to bring its price down is transparent market manipulation.

American was only up 33% too. It's not like stocks don't go up that much daily on Robinhood.

This is an emperor's new wardrobe moment for our "free" market system.

  

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double negative
Member since Dec 14th 2007
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60. "shit, I was planning on having a &quot;relaxed&quot; 2021. that dream di..."
In response to Reply # 57
Thu Jan-28-21 01:56 PM by double negative

  

          

so, thinking it through - this ain't good. I'm not able to grasp what I'm seeing if I think beyond the GME X Robinhood saga, but, something bigger is afoot and it's going to maybe have a cascading effect. we'll soon find out.

maybe it's...witnessing the faith in our system starting to crumble which could (and I'm maybe leaping here) get to banking and money since those things are powered by our faith in them.

more to think about.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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shockvalue
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61. "I hear you. A friend theorized this is partly "
In response to Reply # 60


          

a result of Trump whiplash. We need something to obsess about now that he's gone so we have stock mania.

  

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rzaroch36
Member since Jan 26th 2005
2459 posts
Thu Jan-28-21 02:24 PM

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68. "RE: I hear you. A friend theorized this is partly "
In response to Reply # 61


          

And we’ve all been stuck at home for a year and ain’t got shit to do.

.
*****
http://www.youtube.com/watch?v=t5P6zdlPJ34&feature=related
^^^ever walked the streets of...

  

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Stadiq
Member since Dec 21st 2005
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62. "it is clear the powers that be have no concern"
In response to Reply # 57
Thu Jan-28-21 02:05 PM by Stadiq

          

for repercussions or image or really anything.

All of this shit is just proving the point behind the whole reddit thing.

They could have just let it ride, take some losses in the short term, and just let people get bored with it.

Once that Game Stop bubble popped folks would have run scared anyway.


In other words, they could have easily just let it play out and *kind of* kept up the charade. Or at least not drawn more attention to it.

But these blatant actions are just proving the entire point- the system is rigged and the Market is not for us little people.

They got AOC, Ted Cruz, and Cheetoh junior all on the same page.


Will anything *actually* happen? No.

  

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Crash Bandacoot
Member since May 13th 2003
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Thu Jan-28-21 02:07 PM

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63. "defi"
In response to Reply # 0


          

>

  

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Mafamaticks
Member since Jan 12th 2004
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90. "^ sees it ^^"
In response to Reply # 63


  

          

  

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Brotha Sun
Member since Dec 31st 2009
6439 posts
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123. "yessir. Mirror Protocol is gonna explode after this."
In response to Reply # 63


          

"They used to call me Baby Luke....but now? The whole damn 2 Liiiive Crew."

  

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Crash Bandacoot
Member since May 13th 2003
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131. "yeah"
In response to Reply # 123
Sat Jan-30-21 07:21 PM by Crash Bandacoot

          

looks like it's similiar to synthetix, which operates on L2 optimistic ethereum (less fees). synthetix is on coinbase and gemini.

  

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MEAT
Member since Feb 08th 2008
20979 posts
Thu Jan-28-21 02:15 PM

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64. "Robinhood is automatically selling shares now. LOL"
In response to Reply # 0


  

          

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Stadiq
Member since Dec 21st 2005
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67. "wait for real? "
In response to Reply # 64


          

  

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Damali
Member since Sep 12th 2002
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69. "yes..twitter is going apeshit right now"
In response to Reply # 67


          


"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

  

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Numba_33
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70. "Washington has to get involved for sure now."
In response to Reply # 64


  

          

With corporate lobbying, I have no faith anything will be done of substance to resolve this manipulation from occurring again, but with the attention this has garnered, I have to think Congress will have do at least pay some lip service to this.

I've read on more than one instance that gold ole' Chuck Schumer has his pockets flush with support from Wall Street, so I have to imagine he won't want to rock the boat too hard.

I wonder if Biden is tied deeply to Wall Street as well.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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Cold Truth
Member since Jan 28th 2004
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Thu Jan-28-21 03:17 PM

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73. "Supposedly, the White House was part of the call to shut it down"
In response to Reply # 70


  

          

https://i.redd.it/xhgndxsfc4e61.jpg

there's also this tweet, saying that Citadel (noted above) loaded up on shorts before telling RH to shut it down.

https://twitter.com/justinkan/status/1354853920762253315?s=20

  

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double negative
Member since Dec 14th 2007
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76. "well, that was the dumbest fucking career move made ever"
In response to Reply # 73


  

          

who was around when the call was made...oh, hes not a finance guy? he studied comp sciences?

YO GET THAT FOOL JASON, HE RIGHT THERE WEARING THE CHE SHIRT.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Cold Truth
Member since Jan 28th 2004
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86. "Yep. That had better be the mother of all burners"
In response to Reply # 76


  

          

VPN and all

  

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Stadiq
Member since Dec 21st 2005
4205 posts
Thu Jan-28-21 04:59 PM

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87. "Gemini, about 5' 10", called out sick today, name rhymes with..."
In response to Reply # 86


          


lol why all the random identifying info?

  

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MEAT
Member since Feb 08th 2008
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Thu Jan-28-21 03:49 PM

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77. "RE: Washington has to get involved for sure now."
In response to Reply # 70


  

          

What do you know about Delaware?
>I wonder if Biden is tied deeply to Wall Street as well.

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Numba_33
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79. "RE: Washington has to get involved for sure now."
In response to Reply # 77


  

          

>What do you know about Delaware?
>>I wonder if Biden is tied deeply to Wall Street as well.
>


I vaguely remember hearing that Delaware has ties into the credit/lending industries, but not enough to speak on the subject with authority.

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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legsdiamond
Member since May 05th 2011
69888 posts
Thu Jan-28-21 04:11 PM

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82. "Delaware has the highest interest rate for CC companies in the US"
In response to Reply # 79


          

which is why so many companies have their HQ’s in Delaware.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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double negative
Member since Dec 14th 2007
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71. "holy shit, fuck that and fuck them. "
In response to Reply # 64
Thu Jan-28-21 03:05 PM by double negative

  

          

I was going along with the ride but thats beyond the pale.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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Thu Jan-28-21 03:06 PM

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72. "Those are likely margin calls"
In response to Reply # 64
Thu Jan-28-21 03:07 PM by PimpTrickGangstaClik

  

          

People are borrowing to buy the stock. To protect themselves, the brokerage requires you to put money into an account (margin account). That way if the stock falls in value, they can be sure they'll recoup at least some of the loan.

If the stock declines, then the broker will call the investor and be like "hey, you need to put some more money in that margin account immediately". If you don't, then they'll sell the stock you bought with borrowed money and recoup.

That's probably what happened with these since Gamestop fell so much today.

A lot of shady stuff happening today. But this appears to be legit (if it is indeed a margin call). I can't imagine any other scenario where it would be allowed.

  

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MEAT
Member since Feb 08th 2008
20979 posts
Thu Jan-28-21 03:50 PM

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78. "But when they’re also restricting movement on it, is that not forced?"
In response to Reply # 72


  

          

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
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Thu Jan-28-21 04:03 PM

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80. "That's the other shady stuff"
In response to Reply # 78


  

          

The automatic selling was likely due to a legit process.

How it got to the point to where an automatic sales was necessary is another question.

  

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flipnile
Member since Nov 05th 2003
12997 posts
Fri Jan-29-21 06:35 AM

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100. "This. It was a 'by the rules' move, just shady timing"
In response to Reply # 72


          

>People are borrowing to buy the stock. To protect themselves,
>the brokerage requires you to put money into an account
>(margin account). That way if the stock falls in value, they
>can be sure they'll recoup at least some of the loan.
>
>If the stock declines, then the broker will call the investor
>and be like "hey, you need to put some more money in that
>margin account immediately". If you don't, then they'll sell
>the stock you bought with borrowed money and recoup.
>
>That's probably what happened with these since Gamestop fell
>so much today.
>
>A lot of shady stuff happening today. But this appears to be
>legit (if it is indeed a margin call). I can't imagine any
>other scenario where it would be allowed.

  

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Rjcc
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85. "on their website"
In response to Reply # 64


          

https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/



www.engadgethd.com - the other stuff i'm looking at

  

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legsdiamond
Member since May 05th 2011
69888 posts
Thu Jan-28-21 03:18 PM

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74. "Gordon Johnson.. only 3 tweets until he brought up Hitler"
In response to Reply # 0


          

while defending shorting stocks

https://twitter.com/gordonjohnson19/status/1354546604582305797?s=21

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Cocobrotha2
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Thu Jan-28-21 04:14 PM

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83. "Still waiting to see how much of this is actually illegal"
In response to Reply # 0


          

and how much of it is alot of newbies learning about how Wall street operates the hard way.

<-><-><-><-><-><-><-><-><->
<-><-><-><-><-><-><-><-><->

  

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will_5198
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Thu Jan-28-21 07:22 PM

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91. "Wall Street works fine for Wall Street"
In response to Reply # 83


          

>and how much of it is alot of newbies learning about how Wall
>street operates the hard way.

--------

  

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shockvalue
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84. "Treasury Secretary Yellen has collected 800k from Citadel "
In response to Reply # 0


          

For "Speaking Fees" over the last few years (part of the 7.2 million total she's made for "speaking fees" from wall street):
https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223

Today Biden spokesperson Psaki did not answer whether there was consideration of Yellen recusing herself due to this, with Psaki pointedly retorting that "Yellen is a world-renowned economics expert, OF COURSE hedge funds pay her to speak.

  

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Rjcc
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88. "so why would robinhood restrict trading on certain stocks?"
In response to Reply # 0


          

maybe they didn't have enough cash on hand to cover this kind of activity and it's not actually because they love x hedge fund so much

https://www.bloomberg.com/news/articles/2021-01-28/robinhood-app-is-said-to-draw-on-credit-lines-from-banks-amid-trading-frenzy?sref=10lNAhZ9

www.engadgethd.com - the other stuff i'm looking at

  

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Rjcc
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89. "the CEO of one of Robinhood's competitors explains what's going on"
In response to Reply # 0


          

https://twitter.com/zGuz/status/1354854476801302528

www.engadgethd.com - the other stuff i'm looking at

  

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stravinskian
Member since Feb 24th 2003
12335 posts
Thu Jan-28-21 09:27 PM

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93. "^"
In response to Reply # 89


          


Ben & Jerry temporarily discontinued a few flavors because the ingredients got too expensive and they were losing money. Congress needs to hold hearings!

  

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shockvalue
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Thu Jan-28-21 11:32 PM

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95. "RE: ^"
In response to Reply # 93


          

It's possible the explanation is as innocent as it sounds, but imo there are still questions for Congress and the public to consider.

1.) Why did some brokerages still offer the volatile securities? Were they doing so at a loss? Or was this about risks relating to Robinhood's lack of capital to cover certain theoretical costs given the volatile conditions, risks other better capitalized firms don't have? In that case, perhaps different capital requirements are needed to ensure consistent behavior of these firms...seems like kinda a big deal if investors get drastically different access to their securities, no?

2.) And notwithstanding RH Ceo's claims that "no outside agent forced our hand here" (paraphrased), I look forward to these guys being grilled at length about whether their contracts with order flow buyers changed in any way during this, or if any negotiations occurred whatsoever about this. There are possible conflicts of interest here that could have survived the CEO's statements thus far.

We will get two days of outrage out of this, at least. Let's not end it early...not when we're all in the throes of outrage withdraw since Mango's departure!

  

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Rjcc
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97. "anyone outside those brokerages doesn't know for sure"
In response to Reply # 95


          

but anyone who knows how these systems work, and the relative sizes these retail brokers operate at, could see what was about to happen.

as far as the outrage, I think people should look carefully at who they're being outraged next to.

ted cruz, ben shapiro and dave portnoy and elon musk aren't your revolutionaries, so why are they so eagerly joining in?

www.engadgethd.com - the other stuff i'm looking at

  

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will_5198
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Fri Jan-29-21 12:28 AM

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98. "save the sarcasm"
In response to Reply # 93


          

the only rules that matter are the ones the billionaires invent for themselves

--------

  

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Rjcc
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99. "which is 100% true!"
In response to Reply # 98


          

but it's also true that these companies need to have enough cash to cover all of these trades that are suddenly spiking.

it's not like some secret unknown thing, it's just not known to people who never paid attention to the stock market before three days ago

www.engadgethd.com - the other stuff i'm looking at

  

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GOMEZ
Member since Feb 13th 2003
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Fri Jan-29-21 06:46 PM

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117. "shitty analogy. "
In response to Reply # 93


  

          

In a generation of swine, the one-eyed pig is king.
-Hunter S. Thompson

  

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Brew
Member since Nov 23rd 2002
21123 posts
Fri Jan-29-21 11:28 PM

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120. "Hahaha incredibly shitty."
In response to Reply # 117


          

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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stravinskian
Member since Feb 24th 2003
12335 posts
Sat Jan-30-21 02:51 PM

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124. "A brokerage is a commercial entity."
In response to Reply # 117


          

They sell things to buyers. Sometimes commercial entities aren't able, or interested, in selling a product even if someone wants to buy it. You can go to another brokerage if you want. If you can't find anyone to sell you what you want to buy, you're SOL. Nobody's gonna sell me a gpu right now, or a ps5. Poor me.

That's not to say there isn't any possibility of wrongdoing here. The SEC exists to investigate and prosecute such things. The SEC knows enough about these regulations that they don't need twitter threads to 'explain' the conspiracies.

The SEC is investigating Robinhood and all the other free brokerages that cut off new positions in these stocks. Good. Maybe there was intentional market manipulation there.

I hope the SEC is ALSO investigating these creeps on reddit, and everyone who jumped on to the scheme to inflate the price of GameStop, because that was blatant, openly admitted market manipulation.

To anyone whose only complaint is "Big Tech {aka my FREE online brokerage service} isn't letting me hop onto a manufactured asset bubble, where I might double my money but I'm more likely to lose it, but that's okay because along the way I'd get the thrill of busting some people's pension funds." Then fuck them.

  

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will_5198
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Sat Jan-30-21 04:03 PM

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126. "lol. what a bootlicking, smart-dumb response. "
In response to Reply # 124


          

>That's not to say there isn't any possibility of wrongdoing
>here. The SEC exists to investigate and prosecute such things.
>The SEC knows enough about these regulations that they don't
>need twitter threads to 'explain' the conspiracies.
>
>The SEC is investigating Robinhood and all the other free
>brokerages that cut off new positions in these stocks. Good.
>Maybe there was intentional market manipulation there.
>
>I hope the SEC is ALSO investigating these creeps on reddit,
>and everyone who jumped on to the scheme to inflate the price
>of GameStop, because that was blatant, openly admitted market
>manipulation.

--------

  

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stravinskian
Member since Feb 24th 2003
12335 posts
Sat Jan-30-21 04:15 PM

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128. "lol what a fact-free emotional reaction "
In response to Reply # 126


          


to someone failing to confirm your fashionable prejudices.

  

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will_5198
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130. "re-read that dumb shit"
In response to Reply # 128


          

yeah buddy, the fucking S-E-C is going to "investigate" any "shadiness" and bring us reputable answers

market manipulation will be punished!

are you being purposely obtuse, because I cannot believe you believe that

--------

  

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Lurkmode
Member since May 07th 2011
4191 posts
Sat Jan-30-21 08:26 PM

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132. "lol"
In response to Reply # 130


  

          

n/m

---------------------------
Signature

  

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Rjcc
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134. "the problem with your theory is"
In response to Reply # 130


          

that allowing more buys would've lost robinhood's customers their money

I don't know what y'all tell yourselves happened.

big wall street can call up robinhood and tell them to cut off the short squeeze, but they wait three days to do it while they're allegedly bleeding money the whole time because.....


and when you consider that robinhood's actual business is selling data to hedge funds so that they know what's happening before it happens....huh

www.engadgethd.com - the other stuff i'm looking at

  

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Rjcc
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148. "a better analogy would be that ben & jerrys stopped selling ice cream"
In response to Reply # 117


          

because a conference for the lactose intolerant let out next door, everyone got ice cream and now they've shit the toilets out of commission.

yeah, ideally they'd still be selling ice cream, but these mfs won't stop buying it and they need working toilets first.

www.engadgethd.com - the other stuff i'm looking at

  

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stravinskian
Member since Feb 24th 2003
12335 posts
Tue Feb-02-21 10:47 AM

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150. "LOL, yeah, I guess that is better."
In response to Reply # 148


          

  

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Cocobrotha2
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10749 posts
Fri Jan-29-21 10:44 AM

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104. "He's way more informative than RH's CEO"
In response to Reply # 89


          

I'd give Vlad a C+/B- on his round of interviews yesterday. He stuck to his message, re-directed some hard questions pretty well but ultimately looked a little shook.

RH's had a bunch of controversies so I'm sure he was given a very tight and deliberate script to repeat.

But Webull's CEO inspires WAAY more confidence bc he just cut to the chase and EXPLAINED what was going on from the beginning.

<-><-><-><-><-><-><-><-><->
<-><-><-><-><-><-><-><-><->

  

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Rjcc
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115. "I don't know what to think of robinhood as a company"
In response to Reply # 104


          

but I think they're just institutionally bad at communicating and it starts at the top

www.engadgethd.com - the other stuff i'm looking at

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Thu Jan-28-21 11:52 PM

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96. "so dogecoin is the move now-"
In response to Reply # 0


  

          

has gone from .03 to .07 in like 4 hours....

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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kingjerm78
Member since Jul 05th 2007
24683 posts
Fri Jan-29-21 09:07 AM

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101. "I copped some dogecoin last year when it was .000000089"
In response to Reply # 96


  

          

--------------------------------

one half of the most dynamic tag team on the net...nappyafro's FROCAST!

http://www.frocast.com
www.nappyafro.com
store.nappyafro.com

  

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Castro
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Fri Jan-29-21 12:56 PM

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110. "WHAT!!!"
In response to Reply # 101


  

          

------------------
One Hundred.

  

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kingjerm78
Member since Jul 05th 2007
24683 posts
Fri Jan-29-21 06:07 PM

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116. "20k shares for like 40"
In response to Reply # 110


  

          

--------------------------------

one half of the most dynamic tag team on the net...nappyafro's FROCAST!

http://www.frocast.com
www.nappyafro.com
store.nappyafro.com

  

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FLUIDJ
Member since Sep 18th 2002
43614 posts
Fri Jan-29-21 10:01 AM

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102. "can't find a reputable way to purchase...i'm out..."
In response to Reply # 96


  

          

  

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kingjerm78
Member since Jul 05th 2007
24683 posts
Fri Jan-29-21 11:25 AM

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105. "binance or voyager "
In response to Reply # 102


  

          

--------------------------------

one half of the most dynamic tag team on the net...nappyafro's FROCAST!

http://www.frocast.com
www.nappyafro.com
store.nappyafro.com

  

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legsdiamond
Member since May 05th 2011
69888 posts
Fri Jan-29-21 11:53 AM

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106. "lmao at Binance"
In response to Reply # 105


          

Is their HQ in LA

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Fri Jan-29-21 12:27 PM

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108. "Buying and selling brypto on Binance"
In response to Reply # 106


  

          

  

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FLUIDJ
Member since Sep 18th 2002
43614 posts
Fri Jan-29-21 12:39 PM

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109. "I'm tryin to bash out! "
In response to Reply # 108


  

          


"Get ready....for your blessing....."
"Bury me by my Grand-Grand and when you can come follow me"

  

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legsdiamond
Member since May 05th 2011
69888 posts
Fri Jan-29-21 01:10 PM

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113. "Trying to Bash out before the Market Brashes!! "
In response to Reply # 109


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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FLUIDJ
Member since Sep 18th 2002
43614 posts
Fri Jan-29-21 12:14 PM

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107. "I finally got Kraken to open and they're only allowing Order Cancellatio..."
In response to Reply # 105


  

          

I got halfway through the Binance registration and hard paused when they required my SSN to complete registration/verification.

  

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legsdiamond
Member since May 05th 2011
69888 posts
Sat Jan-30-21 10:36 AM

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122. "pretty sure everyone requires a SSN when investing"
In response to Reply # 107


          

for verification.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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FLUIDJ
Member since Sep 18th 2002
43614 posts
Sat Jan-30-21 03:52 PM

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125. "Yeah, I just decided to stick with my existing SoFi account"
In response to Reply # 122


  

          

Was just uneasy providing it to an entity I hadn’t had time to research and vet properly.

  

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Castro
Charter member
49417 posts
Fri Jan-29-21 12:57 PM

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111. "It got up to .08 last night."
In response to Reply # 96


  

          

Even if it tops off at like .5 that shit would be crazy.


------------------
One Hundred.

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Thu Feb-04-21 06:23 AM

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165. "elon hacked or nah?"
In response to Reply # 96


  

          

went on a doge tweet storm a few hrs ago-

doge went erect agn.

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Thu Feb-04-21 10:13 AM

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166. ""dogecoin is the people's crypto" "
In response to Reply # 165


  

          

https://finance.yahoo.com/news/elon-musk-back-twitter-turns-095608926.html

if he was hacked it would have been dealt w/ by now, right?





....right?

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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Dstl1
Charter member
51316 posts
Fri Jan-29-21 01:08 PM

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112. "this shit is so deep..."
In response to Reply # 0


          

the founders of Melvin Capital and D1 Capital are both minority owners of the Charlotte Hornets. On the other side you have Mark Cuban and his head of Quantitive Research for the Mavericks, Voulgaris saying aaaaaa haaaaa (c)Kendrick. You can only wonder how much of Jorn's money is exposed, in this.

when I threw the rifle in the river,
it looked like Bol Bol was diving in the river - Action Bronson

  

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legsdiamond
Member since May 05th 2011
69888 posts
Fri Jan-29-21 01:12 PM

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114. "Damn.. we about to lose the Hornets again? "
In response to Reply # 112


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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shockvalue
Charter member
150 posts
Fri Jan-29-21 08:28 PM

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118. "Good Twitter thread "
In response to Reply # 0


          

Explaining the nuts and bolts of the capital issues likely underlying Robinhoods moves. Gets somewhat technical but still very informative, and the last tweet is a bit of a twist ending.

https://twitter.com/KralcTrebor/status/1354952686165225478?s=20

  

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shockvalue
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150 posts
Fri Jan-29-21 08:52 PM

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119. "Bloomberg piece"
In response to Reply # 0


          

Good info:

https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop

  

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Kira
Member since Nov 14th 2004
28344 posts
Sat Jan-30-21 10:00 AM

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121. "Rh cost me 100K+"
In response to Reply # 0


  

          

They inflated value of sndl at market close to 2 billion volume without a following price hike then refused to sell the stock the next day.

Their refusal to sell doge drove down that price as well.

My unrealized gain 100K+ is small considering sndl could sell for $400 by now...

No empathy for white misery (c) BDot

"root for everybody black haters say that's crazy, wow..."

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Sat Jan-30-21 04:07 PM

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127. "This is looking like a pump and dump"
In response to Reply # 0


  

          

The meme-ification of it. The cult like behavior (people risking everything, promising to hold no matter what). The takeover of reddit (it seems like everything on the homepage is wall street bets related).

I wouldn't be surprised to learn that there is some Cambridge Analytica type social engineering going on.




  

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shockvalue
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150 posts
Sat Jan-30-21 05:06 PM

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129. "Can’t wait for the Michael Lewis book"
In response to Reply # 127


          

Gonna be epic.

  

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Rjcc
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133. "I don't think so"
In response to Reply # 127


          

runs happen

they're like hit songs, people claim they can predict or cause them but it doesn't really work that way.

and one particular fund being so way out on a ledge shorting the stock was n unusual circumstance to begin with that came because of the combination of econimic/covid stuff that no one could've predicted, including that gamestop would do better than expected for its quarterly results


www.engadgethd.com - the other stuff i'm looking at

  

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handle
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17247 posts
Mon Feb-01-21 01:18 PM

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136. "Are you saying that GameStop is worth 330+ in reality?"
In response to Reply # 133
Mon Feb-01-21 01:22 PM by handle

          

This is a pump and dump AND a meta-Ponzi scheme.

Let's say it was average 330 for the past week - that's nearly 6x the all time high price for it in 2007 - which is when it was really the only place to buy games in many areas.

Runs happen - but pumps and dumps also happen.

This just has a Ponzi scheme underneath it - in which people are encouraging new folks to come in and artificially inflate the price. They say it's to "Stick it to the man!" but I think you'll find that it was really to pump the stock price so people can make a lot of money.

The people who came in the last week have either gotten part of the windfall - or will ultimately lose EVERYTHING.

This is a scam - no way around it.

Now - I also believe the stock market is a scam in most cases too.


------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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Rjcc
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Mon Feb-01-21 01:43 PM

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139. "I think the definition of a pump and dump is a bit more closed than that"
In response to Reply # 136


          

maybe it is just a coordinated scheme, but I haven't seen actual evidence of that

www.engadgethd.com - the other stuff i'm looking at

  

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handle
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17247 posts
Mon Feb-01-21 05:36 PM

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143. "First result from google;"
In response to Reply # 139


          

pump-and-dump
adjective

denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.

---------
This is PROVEABLY what they are doing;
>encouraging investors to buy shares in a company in order to inflate the price artificially

This is LIKELY, very likely:
>and then selling one's own shares while the price is high.

------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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Rjcc
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Mon Feb-01-21 05:37 PM

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144. "the key words there are *fraudulent and *artificially"
In response to Reply # 143


          


www.engadgethd.com - the other stuff i'm looking at

  

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handle
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Mon Feb-01-21 05:59 PM

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145. "Yes"
In response to Reply # 144


          

It's definitely artificial. "I did it for the LOLs" isn't a rational reason for an investment.

I suspect it will turn out to be fraudulent.

There's no reason for GameStop to be worth 5x-10x of what it's EVER been worth now. Could it have bene undervalued before? YES. Was it 600% undervalued? No.

Best case scenario: People are throwing away money to 'stick it to the man.'

What we do know; The dude who started this (DeepFuckingValue) *cashed out at least 14 million dollars* while telling everyone else to Hold Tight, and take it to alpha-centauri!!

Is he a criminal mastermind? No - but that doesn't mean this isn't fraud.


------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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Rjcc
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Mon Feb-01-21 06:03 PM

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146. "what are the "rational" reasons for investment?"
In response to Reply # 145


          

if you want to pick stocks based on liking the letter in their ticker, it's not only legal, but it's about as rational as most other strategies.

"I did it for the LOLs" isn't a rational reason for an investment."

you not liking it doesn't make it irrational, and more to the point, doesn't prove it's illegal.

you think it's clearly fraud, I don't. we're dealing with the same information

www.engadgethd.com - the other stuff i'm looking at

  

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handle
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17247 posts
Mon Feb-01-21 06:41 PM

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147. "Time will tell"
In response to Reply # 146


          

But I'm right.

Take a seat

------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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blackfoot_female
Member since Jul 15th 2002
907 posts
Wed Feb-10-21 08:42 PM

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171. "Was the assholish ending necessary?"
In response to Reply # 147


          

nothing he said in the thread was attacking you, and if you have previous beef with him, why engage him? To end on some "i'm right, take a seat" is not only disrespectful, but completely unnecessary, especially if you are right.

  

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legsdiamond
Member since May 05th 2011
69888 posts
Mon Feb-01-21 08:28 AM

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135. "I have no idea what it is"
In response to Reply # 127


          

I bought some AMC unknowingly because a friend who is also a newbie at investing said it was low and had no where to go but up. I know that isn’t true but with the vaccines one would think we would start opening up a but this summer.

anyway.. the GME stuff on wsb did make me think it could be russian bots jumping into the party to fuck up the market. I know a lot of these people are retail investors shitting on these hedge funds but all these billboards?

ionno.. could def see the market popping due to these hedge funds overextending themselves and having to sell a ton of stocks to help cover their losses.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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double negative
Member since Dec 14th 2007
21885 posts
Mon Feb-01-21 01:26 PM

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137. "how do you explain the redditor who picked it up 2 years ago?"
In response to Reply # 127


  

          

https://youtu.be/GZTr1-Gp74U


he was the start of it all. he did his DD, saw the value, made a big fucking YOLO play, managed to go 40k in the red but held on until his position is something like 13m or 22m, I forget.

if its a pump and dump that would be one years in the making.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Mon Feb-01-21 01:37 PM

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138. "That's just one individual person"
In response to Reply # 137
Mon Feb-01-21 01:40 PM by PimpTrickGangstaClik

  

          

He alone doesn't (didn't) have the power to move the market.

The explosion in price started about a week ago, not 2 years ago. Something triggered this. I just find it hard to believe it was 100% organic.

Even if the start was organic, I at least think the perpetuation is due to manipulation (i.e. pump and dump)

  

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sectachrome86
Member since Dec 22nd 2007
2699 posts
Mon Feb-01-21 01:53 PM

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140. "Saw the value? What value?"
In response to Reply # 137


          

That guy would still be in the red if this random reddit manipulation that has no basis in reality didn't happen. GME hasn't skyrocketed because it's a good business. That guy just got lucky as hell.

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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Rjcc
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93468 posts
Mon Feb-01-21 04:03 PM

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141. "the skyrocketing isn't because it's so good, but gamestop"
In response to Reply # 140


          

is doing a lot better in 2020/the pandemic than some experts had predicted

there is a reason why it went up instead of down, just not why it went so much up

www.engadgethd.com - the other stuff i'm looking at

  

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sectachrome86
Member since Dec 22nd 2007
2699 posts
Mon Feb-01-21 04:25 PM

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142. "thats fair"
In response to Reply # 141


          

-------------------------------------------------
http://www.soundcloud.com/sectachrome

  

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shockvalue
Charter member
150 posts
Tue Feb-02-21 09:14 AM

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149. "Wapo on the more complex origins of this run "
In response to Reply # 0
Tue Feb-02-21 09:17 AM by shockvalue

          

https://www.washingtonpost.com/business/2021/02/01/gamestop-origins/

“This tale of small investors vs. large institutions also is not as straightforward as it seems. Along with the retail hordes on Reddit, wealthy investors played an important role in GameStop’s rise. The company’s largest shareholders, according to the most recent securities filings, are Fidelity Investments and BlackRock, two of Wall Street’s most powerful players.
AD

Some of the average investors on the popular message boards have financial industry experience, including at firms like Goldman Sachs. And many analysts say that some of those posting on the site are probably institutional investors posing as individuals.
“This is not entirely a David v. Goliath story. There are some sophisticated resources on both sides of these trades,” said Tyler Gellasch, executive director of the nonprofit Healthy Markets Association and a former Securities and Exchange Commission counsel.”

  

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legsdiamond
Member since May 05th 2011
69888 posts
Tue Feb-02-21 11:35 AM

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151. "feel for those who lost a shit ton on this stock"
In response to Reply # 0


          

they wanted to ride to the moon and ended up in death valley.

I bought AMC at $4 but I didn’t buy much and it wasn’t because of wsb. Just a tip from a friend (who may have known) but now I’m losing a few counts because I doubled down
and bought some more AMC during a dip.. but its still dipping, lol.

I’m done after this tho.. fuck that day trading shit. I have a real gig.. lol

I did cash out my profits from Tesla. Made a few stacks but it isn’t profit until you sell it. So I did..




****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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mista k5
Member since Feb 01st 2006
14043 posts
Tue Feb-02-21 11:52 AM

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152. "yikes"
In response to Reply # 151


  

          

how high did amc go? i think i saw it around $13 this morning now its $8. i think it makes sense that it will go up once things open up. thing is we dont know when that will be.

ive been on the sideline. thinking of switching to fidelity. wont transfer whats in robinhood but not adding more to it.

im pretty much sticking to long term. buy a few here and there and check in after some months. if i see something i have that im shaky on jump high i would probably sell at that point.

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Tue Feb-02-21 12:21 PM

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153. "got in w/ 10 shares @ 99 avg, cashed out when it first got close to $400..."
In response to Reply # 151


  

          

not long after i made this post.

once they started the shenanigans at robinhood, freezing/restricting shit, i got scared af and sold.

i regretted it for a few days, but had found peace w/ it.

i will be completely honest and say i put abt a g of that profit on doge.

ultimately, this wk was a wave of emotions. i had been on this stock shit for a while now. partly from being a okp, but i got serious once the pandemic hit and everything fell. i didn't have a clue what i was doing, and i still pretty much rely on reddit. i still get reluctant, but have learned to be much much better abt double checking sources/my own dds.

it has worked out so far, as i am up 40% all-time atm.

do i regret not buying into the gme/failing companies hype earlier? fuck yeah. i watched those fuckers talk up 'YOLO' from atleast october. i would have easily made a couple hundred thousand, if not a million (before taxes). but i'm learning. and this was all a big lesson.

nobody knows how all this will end, or if it will atall (folks are convinced that wsb has changed the game going forward), but i'm happy to say that i was one of the ones who benefitted this time. still not sure how i'm supposed to feel abt it, but i'd be lying if i said i wouldn't do it agn.

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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legsdiamond
Member since May 05th 2011
69888 posts
Tue Feb-02-21 01:21 PM

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155. "I only had 3.6 shares at $325 avg"
In response to Reply # 153


          

sold at $840 and walked away with $1500.

I don’t really know wtf I’m doing tho..

I bought $1500 worth of index funds with my profits.




****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Tue Feb-02-21 12:51 PM

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154. "yikes."
In response to Reply # 151


  

          

https://www.businessinsider.com/barstool-sports-dave-portnoy-lost-money-gamestop-rally-2021-2

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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Rjcc
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156. "and more people were trying to buy in who probably would have lost"
In response to Reply # 151


          

their investments.



www.engadgethd.com - the other stuff i'm looking at

  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Feb-03-21 09:06 AM

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157. "people is wsb posting 700k losses screaming hold the line"
In response to Reply # 156


          

the fuck?

sell you idiots!! SELL!!!! - Randolph voice

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Rjcc
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Wed Feb-03-21 06:12 PM

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163. "like idk who they thought they were going to sell that $500 gamestop sha..."
In response to Reply # 157


          


www.engadgethd.com - the other stuff i'm looking at

  

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Crash Bandacoot
Member since May 13th 2003
9905 posts
Wed Feb-03-21 12:52 PM

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159. "i cant mess with stocks now"
In response to Reply # 151
Wed Feb-03-21 12:53 PM by Crash Bandacoot

          

maybe later after the market has a huge crash, and that will happen soon

  

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Reeq
Member since Mar 11th 2013
12033 posts
Wed Feb-03-21 12:19 PM

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158. "everybody can drop the populism angle now."
In response to Reply # 0


  

          

this wasnt some white hat group of traders sticking up for the little guy.

all you had to do was look at the cast of characters pushing it (mma, barstool, brogressives, etc).

this was the same class of white finance/tech bros treating currency and commodity/security markets like a sportsbook and getting off on disrupting the status quo (while enriching themselves).

the guys at the top of the pyramid bought in early, got rubes to join in and pump the price up (i seen model/stripper chicks in my ig stories calling people dumb for not buying these stocks...and posting screenshots of their transactions), then the top dogs dump em while the rubes are holding the bag during the crash/correction.

theyre no different than these hedge funds. just on the other side of the card table.





------

  

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Rjcc
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160. "like it's not even close to subtle"
In response to Reply # 158


          

the amount of gymnastics you'd have to do to believe that this movement is taking down Big Hedge but for some reason shithead Ted Cruz loves it....THINK MOTHERFUCKER


www.engadgethd.com - the other stuff i'm looking at

  

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Reeq
Member since Mar 11th 2013
12033 posts
Wed Feb-03-21 02:23 PM

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161. "fam you had rosebud twitter jumping down elizabeth warrens throat"
In response to Reply # 160


  

          

like *she* doesnt know anything about wall street.

------

  

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Cocobrotha2
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Wed Feb-03-21 02:35 PM

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162. "I think this evolved into a populist thing"
In response to Reply # 158
Wed Feb-03-21 02:36 PM by Cocobrotha2

          

The guy behind the idea is clearly a professional investor... I don't believe in the sense that he's secretly supported by some hedge fund but he's said he had financial company experience and his investment thesis is more sophisticated than the average retail investor.

He's clearly about making money so I wonder when the populism angle started and this became a "movement" lol.

I also wonder if fear of backlash from the movement is why he didn't sell out at the very top. He's already set for life on the early profits he took but he would've completed a GOAT trade if he sold last Tuesday.

<-><-><-><-><-><-><-><-><->
<-><-><-><-><-><-><-><-><->

  

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Rjcc
Charter member
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164. "Congrats on making billions in profit for hedge funds"
In response to Reply # 0


          

https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687

"GameStop is now Senvest’s most profitable investment by dollars earned and by its internal rate of return—a performance metric that takes into account the length of an investment. It has propelled the firm’s flagship stock-picking fund from running $1.6 billion at the end of 2020 to $2.4 billion. For the month of January, the fund returned 38.4% after fees."

www.engadgethd.com - the other stuff i'm looking at

  

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legsdiamond
Member since May 05th 2011
69888 posts
Thu Feb-04-21 11:36 AM

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167. "of course some hedge funds made big money"
In response to Reply # 164


          

if you jumped on a dip with millions to invest you made big money

but arent there still hedge funds who shorted and are still losing billions or did they find a way to cover that?

its still not worth $90 or whatever it is right now.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Rjcc
Charter member
93468 posts
Thu Feb-04-21 04:10 PM

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168. "there was like one hedge und that lost money"
In response to Reply # 167


          

ALL THE REST profited

this was not a bad week for hedge funds like they told y'all it was.



www.engadgethd.com - the other stuff i'm looking at

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Thu Feb-04-21 04:33 PM

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169. "That's what made me lol at the whole episode"
In response to Reply # 168
Thu Feb-04-21 04:33 PM by PimpTrickGangstaClik

  

          

The "sticking it to the hedge funds" storyline.

Like one or two hedge funds made relatively minor plays on Gamestop that probably didn't work out.
The rest of the hedge funds saw all the activity and swarmed in like sharks seeing chum in the water.

They stuck it to "A" hedge fund. And got ate by the others

  

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Rjcc
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170. "and it all happened right out in the open"
In response to Reply # 169


          

but people would rather believe a narrative that has no basis in fact, and puts them on the side of shitheads like josh hawley

www.engadgethd.com - the other stuff i'm looking at

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Wed Feb-24-21 04:03 PM

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172. "gme up 100%, gets halted, reddit down-"
In response to Reply # 0


  

          

$GME jumps 100%, gets the longest halt i've ever seen right up to market close, and now reddit is dead.

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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handle
Charter member
17247 posts
Wed Feb-24-21 05:06 PM

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173. "Up 100%, still down $350 dollars from last month"
In response to Reply # 172


          

Nothing rational about it - it's a game of twitch buying and selling.

Smart established investors going to make way more money then stupid reddit folks who buy the hype.

------------


Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

  

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double negative
Member since Dec 14th 2007
21885 posts
Wed Feb-24-21 05:10 PM

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174. "yes but, currently up 1741% 6 months ago, opposed to -73% from ATH"
In response to Reply # 173


  

          

i have no dog in this fight. i also do not dog fight.

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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double negative
Member since Dec 14th 2007
21885 posts
Wed Mar-10-21 05:21 PM

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175. "HOLY SHIT. its up to 265. how the fuck..?"
In response to Reply # 0


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Thu Mar-11-21 02:31 PM

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176. "still holding 10 shares at $70-"
In response to Reply # 175


  

          

stocks are fun.

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Wed Jun-02-21 11:32 AM

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177. "Guess we're still doing this? AMC going buck wild right now"
In response to Reply # 0


  

          

Almost doubled since this morning. Trading at about $62 dollars right now. It was $12 about ten days ago.

The NYSE just halted trading on the stock for a bit because it ran up too quickly lol.



  

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legsdiamond
Member since May 05th 2011
69888 posts
Wed Jun-02-21 11:55 AM

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178. "I’m mad at myself for selling this "
In response to Reply # 177


          

but it was right when all this started and I wanted to make something before the dump.

anyway..

this was actually a good buy back during the shutdown. The theory was eventually it would pop out once things opened up.

No idea what the true value is for AMC.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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soulfunk
Charter member
9444 posts
Wed Jun-02-21 04:48 PM

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179. "I sold my 10 shares of AMC today RIGHT at the peak, 70 per share. "
In response to Reply # 177


  

          

I’d gotten in at 10 per share a few months ago - nice $600 profit today. I would have just sold half and kept the rest but when I looked at the 2 year history there’s no way it’s sustainable. For the last 2 years pre-pandemic AMC has rarely been above 20. I bought in thinking it would recover when theaters fully opened, but that 70 today was WAY too good to not take it.

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Thu Jun-03-21 10:40 AM

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180. "Up $300K on AMC. Hit $2.3 mil yesterday."
In response to Reply # 177


  

          

Not even in the squeeze yet. This is life changing money.

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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kinetic94761180
Member since Jul 05th 2002
17495 posts
Thu Jun-03-21 08:02 PM

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181. "life. changing."
In response to Reply # 180


  

          

_____________
if racism is a cancer, black thought is the answer.

Rjcc is code for "bitch-ass troll"

DROkayplayer™

  

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legsdiamond
Member since May 05th 2011
69888 posts
Fri Jun-04-21 11:52 AM

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182. "congrats.. I’m jealous and happy for you"
In response to Reply # 180


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Fri Jun-04-21 12:21 PM

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183. "Wow. What's your plan?"
In response to Reply # 180
Fri Jun-04-21 12:22 PM by PimpTrickGangstaClik

  

          

Do you plan on riding all of it "to the moon"? Or did you get out after the big run up?

  

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legsdiamond
Member since May 05th 2011
69888 posts
Fri Jun-04-21 12:26 PM

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184. "sounds like he is waiting on the squeeze"
In response to Reply # 183


          

I woulda been out at $60 but this is why he has mills and I have bills

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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double negative
Member since Dec 14th 2007
21885 posts
Fri Jun-04-21 02:46 PM

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186. "DIAMOND HANDS (sorry, sorry, I had to)"
In response to Reply # 184


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Mon Jun-07-21 03:42 PM

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190. "holding and rolling some call options"
In response to Reply # 183


  

          

trying to catch a big position when the squeeze happens + holding about 600+ shares now for once it moons.

If I hit my price by next Friday I'm looking at 8-9 figures. Prayers up!

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15364 posts
Mon Jun-07-21 03:48 PM

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191. "I put a small bet in with some puts, but I'm rooting for you"
In response to Reply # 190


  

          

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Mon Jun-07-21 09:40 PM

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192. "hope we all can make it #prayerhands"
In response to Reply # 191


  

          

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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double negative
Member since Dec 14th 2007
21885 posts
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185. "what was your play? assets or derivatives?"
In response to Reply # 180


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Mon Jun-07-21 09:43 PM

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193. "I have shares that I will hold throughout the squeeze"
In response to Reply # 185


  

          

but then have amassed different call options that crept into the money. If I can catch lighting in a bottle I will have about 300+ options deep in the money during the squeeze, plus about 700 shares once it is wall said and done.

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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shockvalue
Charter member
150 posts
Tue Jun-08-21 08:30 AM

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196. "What makes gme/amc bulls believe “the squeeze” is coming?"
In response to Reply # 193
Tue Jun-08-21 08:42 AM by shockvalue

          

I don’t understand this. It reminds me a little bit of the Storm and those Capitol folks lol. (No offense).

To my understanding, a squeeze happens whenever a heavily shorted stock goes way up...some (most?) shorts cover due to the losses they are incurring, and this buying activity drives the price up more.

With amc and gme, this has already happened no? Some shorts have covered, and now there are new shorts (who will cover again if the price moons again, but as this takes larger and larger amounts of capital on the long side the higher the share price gets, there’s a limit to how high the price can go, irrespective of shorting activity.)

Therefore, I would think the likelihood of a squeeze becomes less the higher the price goes, since it becomes less likely for the stock price to multiply again.

Also, I would think short interest would go down due to the fact that shorting these stocks is like playing chicken with the internet.

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Tue Jun-08-21 08:40 AM

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197. "Two words: naked shorts."
In response to Reply # 196


  

          

The float of AMC may have been synthetically shorted 7-25X the public float. Back in March AMC Retail investors owned 80% of the float, BEFORE it took off. And short sellers still hadn't covered at that point. Now? We may own the float 2x over, and anyone made to buy back their short sells to cover will be buying the shares from US. Since we hold and set the price it will drive the price up. That is the whole point of the $100k/$500K floors. If the demand surges and we hold the supply then we can dictate that parabolic ripping. In the meantime the company has only gotten better fundamentally so they are bleeding billions weekly trying to hold their positions. Personally I would love to see $5000 a share before I even make a move on my OPTIONS, but for my actual shares? 5 figures minimum.

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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shockvalue
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150 posts
Tue Jun-08-21 08:48 AM

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198. "Thanks, and good luck."
In response to Reply # 197
Tue Jun-08-21 08:48 AM by shockvalue

          

I say, as a risk averse guy who begged my crypto heavy (and now very rich because he didn’t listen to me) friend to sell his btc when it got to 1k in 2013, I hope you take some profits along the way. 🤪🤪

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Tue Jun-08-21 09:06 AM

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199. "Haha yeah no doubt. I've already covered my original investment."
In response to Reply # 198


  

          

Turned $9K into 6 figures so far. Looking for 9 now. Then will plant my money in crypto. Squeeze should be squoze a bit by next week lol

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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Kira
Member since Nov 14th 2004
28344 posts
Sun Jun-06-21 12:51 AM

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187. "*crunches numbers on $60K, $100K+ AMC price*"
In response to Reply # 0


  

          

I'm holding til it reaches minimum 60K per share. At that point I'M RICH BIIIIIHHH. At a share price of $100,000 I'm wealthy. Hedge fund managers will find a way to screw us over.

Still up six figures on doge with the dip but not enough to buy a great condo and say screw this career stuff.

  

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RandomFact
Member since Dec 10th 2005
8400 posts
Sun Jun-06-21 02:23 AM

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188. "$60,000 per share of GME? I assume this is a typo. "
In response to Reply # 187


  

          

I hope it’s a typo.

  

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Kira
Member since Nov 14th 2004
28344 posts
Sun Jun-06-21 12:27 PM

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189. "AMC; The expectation is 500K per share"
In response to Reply # 188


  

          

NOT FINANCIAL ADVICE AND ONLY POSTED FOR EDUCATIONAL PURPOSES:

https://www.reddit.com/r/amcstock/comments/n97pob/detailed_explanation_why_the_500k_floor_is/

No empathy for white misery (c) BDot

"root for everybody black haters say that's crazy, wow..."

  

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shockvalue
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150 posts
Tue Jun-08-21 08:14 AM

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194. "*entertainment purposes "
In response to Reply # 189
Tue Jun-08-21 08:15 AM by shockvalue

          

I work with a guy who believes in all this stuff (not saying you do).

It reminds me of q anon, in terms of the way people cling instantly onto these counterintuitive, disputed (to say the least) ideas like “hedge funds are creating fake shares to short more shares”.

The guy I work with can talk endlessly about these theories, but doesn’t know what the P/E ratio is of a stock.

I really hope he takes some profit on his gme between now and $100k

  

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Mr. ManC
Member since Jan 26th 2009
11810 posts
Tue Jun-08-21 08:29 AM

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195. "FACTS! I have shares in stow for when it maxes a moon."
In response to Reply # 187


  

          

Holding on for as long as it takes. Meanwhile am rolling options and selling to close. If I capture that in the squeeze I can be rich from just the options and hold until AMC REALLY pops.

________________________________________________

SUPA NERD LLC.
Knowledge Meets Nature
Musica Negra
#13irteen

  

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DavidHasselhoff
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11438 posts
Wed Jun-09-21 10:26 PM

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202. "You're in a cult bro"
In response to Reply # 187


          

  

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shockvalue
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150 posts
Tue Jun-08-21 09:26 AM

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200. "There are so many obvious shill accounts hawking gme/amc"
In response to Reply # 0


          

All created this year.

https://twitter.com/diamondtitties_

https://twitter.com/AMCArmyApe

https://twitter.com/apes_amc


Anybody seen anything similar on the short side? I haven't found any short shill accounts. If you see any point em out.

  

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shockvalue
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150 posts
Tue Jun-08-21 09:31 AM

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201. "Literal shades of Q-Anon..."Trust the Process"? Lol"
In response to Reply # 200


          

https://twitter.com/TrustTheProcesx/status/1402222557240168448?s=20

  

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