Robinhood(and others) block GME, BB, NOK, and AMC

They can keep shorting all they want, but when we wont sell, the price goes into the infinity loop. They have to keep paying interest on their shorts and will bleed money faster than I need my money back from these shares.

 

Looks like we are alt right incels now.

https://nationalfile.com/media-fals...ers-are-alt-right-incel-gamergate-supporters/

 

Welcome to the same club as all firearm owners.

 

Don’t understand this whole GameStop thing. Anyone able to explain simply what’s going on?

 

I pulled this from a reddit/r/ELI5 thread by a /u/bythenumbers10:

"It's more like this: the short-seller borrows a share valued at say, $10. They sell that share, for $10. The share price later goes down, to $9. The short-seller can then buy a share at the lower price, and end up pocketing the difference, $1. But, if the price goes up, the short-seller still owes the share-lender one share, and will lose their $10+however much the price went up. Of course, this omits a small fee the share-lender charges (generally a flat amount agreed upon up-front, far less than what the short-seller stands to make in profit) & must be paid, regardless of whether the short seller makes or loses money.

This week's drama is a bunch of short-sellers (in hedge funds) getting caught having to buy back the stocks at a loss because the price went up, and the price went up because of a social media-driven run on GME and other stocks."

 

So hedge funds borrowed shares, then sold those shares hoping to buy them again at a lower price and give them back to the borrower. If they get a share at 10$, sell it at $10, then later they buy it back at $3 and return it the borrower, they gained $7 without buying anything. Well they did this so heavily that it was some 140% of shares were like this. People realized that if they drive the price up, these hedge funds will have to pay the higher price to give back the share they borrowed. Now they can keep holding out and not buy to return the share, but they are paying huge interests on these borrowed shares.

This is called shorting a stock.


Now whats happening now is that people are pledging to not sell and just keep buying. If there are not enough shares to cover the spread of outstanding shorts, then the stock goes into a infinity glitch where the price just keep going up and has the potential to not stop going up till enough people sell to even out the sheets.

The short sellers are in a battle to intimidate the investors into selling so they dont lose their asses on it.

If the hedge fund cant pay the note and defaults, it goes onto the lender, if the lender defaults, it goes on the bank. This has the potential to crush the financial sector.... all because they got so greedy they shorted this stock 140%+

 

https://www.reddit.com/r/wallstreet...inhood_staff_unhappy_about_the_trading_hault/

 

Robinhood manipulating the fuck out of this. I own 3 shares. They said the limit was 5, now its 1.

 

Some asian billionaires are jumping in buying this evening. Hedges will continue to get crushed.

 

I saw that, im so excited about this. I think the best thing I am seeing is that some of these better off people are saying "dont worry, if you got in a $350, we're coming back for you, we will pick you up on our way back to the moon"

This is bring together the world, just to fuck over the corrupt hedge funds.

I saw a great tiktok today, you dont need a account to watch it, just click the link and it perfectly describes everyone view on this.

 

This is GME buyers right now......

 

hahahahahahaahahahahahahahahaahahaha

I like that. I have not been trying to take sides, but I love that

 

Some people just want to watch the world burn.


I happen to be one of them..... Take these junk stocks to the moon baby!

 

I got more matches and a few jerry cans of gas. Lets do this!

(not a call to violence, lets not burn any actual worlds)

 

I've done the same thing. Once my Webull account is active I plan on transferring everything from Robinhood there. Just wish it had Dogecoin also.

 

I will be keeping some things in robinhood, but the majority of what I have is going elsewhere. My GME will be transferred to paper shares and they will be framed and placed on my wall. I dont want the money from them anymore, this is personal.

 

Its simple. Short selling is manipulating and profiting off the failure of a business. If that business succeeds, short sellers lose money. Potentially a lot. (last estimates I saw were 70 Billion)

People decided to support these businesses by driving the costs of the stock up. That was driving the short sellers into bankruptcy and quickly. And as usual, the million and billionaires called in some favors to manipulate the markets and remove the average citizen's ability to save the businesses that they are trying to destroy. The good news is that it SHOULD hurt them even more as there is more and more talk of class action lawsuits. Unfortunately it is unlikely to hurt the short sellers, but instead the ones that granted them the favors. In this case Robinhood is looking like they'd take the brunt of something like that. That said, an exploratory could reveal more and lead to things such as racketeering charges, but good luck with anything like that happening.

 

https://www.bloomberg.com/news/arti...es-mall-stock-and-fund-cashes-out-500-million


Ontario teachers pension was being squeezed out by hedge funds... we have fixed that. They are now back to where they were before corona.

 

F**K it, just put an order in for 10 shares on Etrade. LOL

 

There really has to be reform with trading stocks and equities. The big firms cannot say there was collusion by some online investors that don't know each other when they do that inhouse every day. Also, don't even get me started on naked shorting commodities that's been legal and absolutely shouldn't be.