GameStop / Reddit Stuff

[Skeletor]

So I have no idea what the fuck this is but I read up on it and a friend who’s a super smart finance guy gave me the jist.

Basically, this Melvin capital couldn’t swing it legit so they called in some favors and shutdown the retail/reddit investors “portal” into buying the stock (which was what made it kept going up) and thus artifically and purposefully made the stock go down which would net these Melvin guys a shit ton of money.

Am I getting this right?

[Gelston]

So I have no idea what the fuck this is but I read up on it and a friend who’s a super smart finance guy gave me the jist.

Basically, this Melvin capital couldn’t swing it legit so they called in some favors and shutdown the retail/reddit investors “portal” into buying the stock (which was what made it kept going up) and thus artifically and purposefully made the stock go down which would net these Melvin guys a shit ton of money.

Am I getting this right?

Sorta. Robinhood is basically owned by a Hedge fund, that is why they did it. I'm willing to bet the others are too.

Honestly, it is a damned if they do, damned it they don't situation. They expect a legal battle, which they may or may not win, but the knew 100% they'd be gone if they didn't stop it somehow.

Better to be alive tomorrow than to die today.

[drauz]

Sorta. Robinhood is basically owned by a Hedge fund, that is why they did it. I'm willing to bet the others are too.

Honestly, it is a damned if they do, damned it they don't situation. They expect a legal battle, which they may or may not win, but the knew 100% they'd be gone if they didn't stop it somehow.

Better to be alive tomorrow than to die today.

There is word that they are owned by a company that is bailing out Melivn, which raises more red flags now that RobinHood stopped allowing trading on these stocks.

[Gelston]

Throw a big pity party. What kind of stuck up out of touch idiot thinks people only make money from Government COVID checks?

[drauz]

Throw a big pity party. What kind of stuck up out of touch idiot thinks people only make money from Government COVID checks?

[Gelston]

Supposedly Robinhood is now closing accounts and selling stock without user consent.

[Gelston]

Short-sellers have over 70 billion in losses at this point.

[Parkbandit]

Short-sellers have over 70 billion in losses at this point.

I have no problem with this.

At all.

[Neveragain]

Supposedly Robinhood is now closing accounts and selling stock without user consent.

I think we're going to see a huge grand jury circus over this. Some of the shit that's leaking out is pretty remarkable. Sounds like some of these trading apps are stalling trades and skimming the losses in the "dead time" created in the stall.

[Shaps]

And finally... people waking up... it's not race, or sex, or gender, or right, or left... it's the above.

If you thought they went after Trump hard, watch what they'll do to the average citizen coming up.

One can only hope enough eyes are opened.