Thats the word. I dont use robinhood, I use a broker that I can speak with on the phone and can walk into their office. The banking division is open 24/7 "by phone" . GME is history in the making. 100 - 140 = major issues. There are not enough shares to cover PERIOD. The retail players that bought shares and refuse to sell and can't be shaken are creating a unforseen situation. The VW squeeze is nothing compared to what we are about to witness.
I was replying as you posted. Much the way we played the TWTR ban on President Trump. Robinhood most likely just lost a great percentage of their clients.
This recovery is incredible. For every last ditch effort the market manipulators are throwing at us retail investors, they keep losing. It's actually quite phenomenal.
Don't know. Have read quite a bit on the GME squeeze and several others on the matter. Some of these funds are being forced to liquidate long positions on other securities in a desperate attempt to forcefully cover at astronomical prices. They are being hit from all sides by the feeding frezy of the retail players that are fed up with their antics and have piled in on the trades. There is a great fear that unless something is not done to put a stop to it that it ultimately cause a chain reaction and possibly cause the market to crash. JMO from what I have read. Make no mistake History is unfolding as we speak.
The playbook was posted for the World to see. Due to their own greed and stupidity, they failed to understand what they could do to themselves, their bluff was called. And here we are.
I've seen talk of a class-action lawsuit against RH for stock price manipulation. Wonder if there's any merit to something like that. A broker saying "you can't buy this stock" seems like the most insane manipulation ever.
True, but the cavemen have some very high caliber players watching this unfold and are taking our side. More and more are joining the force and most are not the nickel and dimes players. Robinhood which is just a pawn for CITADEL will be used as a example, a few more brokers are attempting the same, but will quickly realize just as TWTR did being on the exchange can work both ways. Reinvent the wheel " so easy a caveman can do it"
After the desperate attempt to shake the tree into forcefully selling. Share are DESPERATELY needed there are not enough for sale on the open market. Close your accounts and walk away. They are toast without clients. Economics 101.
My entire market strategy pivots around the market being gamed against me. Algos, front runners, some analysts, media talks a lot without saying anything, CEOs giving crazy up-beat speeches when their company is in chapter 11, forum posters who indicate they know how to get rich quick, and an endless stream of hot picks. Nearly every time I get notified of a new IPO, it will be an active managed mechanism designed to allow a group of people to skim off the top of retail investing. "Don't buy companies directly, buy it through us." It doesn't take much theory to understand if you are buying stock through someone, instead of buying it directly, and if that person is making a lot of money, that money is coming from you. And yet, people do it because owning business is scary so it's better to have someone we don't know buy the business for us and expose us to exactly the same market liability plus a 2% commission and undisclosed market maker fees. I side step all of it by looking for well run businesses, long term hold, always buy with limit orders. Basically, I buy my bread and milk from the casino and make a point of walking by the machines and tables on my way to the store in the back. What I cheer for, more than WSB beating the hedge funds, is fairness. The markets have been stacked against retail investors since 5 minutes after the first market opened in Amsterdam in the 1600s. Sure, I enjoy seeing the little guy win against the big guy who has been an asshole since day 1 but we need a fair market, more than social justice. If I had more than a passing interest in social justice, I wouldn't be in the stock market. lol! Success in the market is about avoiding the boogie men, for me.
Its very likely it was 100% not their choice. The SEC says you cant trade this stock, then its either follow the orders or get massive fines, or even shut down.
I have never seen an investing forum topic where 100% of the participants are of the same opinion with a common point of view. This thread has been tremendously enjoyable and has caused me to think of Rustic1 and dethfire as potential friends. Thank you, gentlemen.
