patrick.net

Eric Holder says

Not getting this one. How can you sell when buying is not allowed? To whom?

First off, it's only some retail brokerages doing this (RobinHood in particular). Plus no restrictions on hedge funds, of course.

Not allowed to review RobinHood app any more as well.

zzyzzx says

Eric Holder says

Not getting this one. How can you sell when buying is not allowed? To whom?

First off, it's only some retail brokerages doing this (RobinHood in particular). Plus no restrictions on hedge funds, of course.

Gotcha.

I have an acquaintance who works for a hedge fund. Busting his balls over this GME covfefe is going to be fun. =))

The mainstream media is lining up hit pieces on GME. The amount of bad press is going to be enormous.

https://finance.yahoo.com/news/why-game-stop-is-destined-to-become-another-blockbuster-video-221243155.html

Fuck RobinHood:

The person in the above letter should just be thankful that it was not for a negative share price.

More hit pieces:

https://finance.yahoo.com/news/gamestop-staff-making-11-hour-100000500.html

https://finance.yahoo.com/news/will-the-sec-sue-gamestop-traders-183845241.html

This is some crazy shit

zzyzzx says

If true wrt calls from WH that's a second Biden's impeachment right there.

Every move they make exposes their across-the-board corruption to more people.

Force Selling piddling amounts of stock? This doesn't happen in Argentina.

It's not piddling. GME is trading at about $255 per share now. Robinhood ain't gonna disclose what it received as it's take for "order flow". Let's see if they only took $20 per share that's $90k for Robinhood, not bad for allowing "Free Trades". Their Hedge fund buddy was probably ok with taking the trade too. This happened across thousands and thousands of accounts.

As for the Class Action lawsuit. It is meaningless. All Robinhood account holders signed an "Arbitration Agreement":. The court the lawsuit was filed in will simply state that the court has "NO STANDING" to hold a trial.

NoCoupForYou says

Force Selling piddling amounts of stock? This doesn't happen in Argentina.

@NoCoupForYou - are you in Argentina? My cousin is an expat in Buenos Aires. He saw the shit hitting the fan 10 years ago.

Eric Holder says

If true wrt calls from WH that's a second Biden's impeachment right there.

HAHAHA - Biden could murder a baby, drink its blood, and swear allegiance to Lucifer on live television and it wouldn't be grounds for impeachment with this "government".

Stop believing in our "judicial system" - it doesn't exist.

Biden was obviously selling access to his office by having his cokehead son on the BOD of Burisma. There is literally no other possible reason to hire Hunter Biden for that position. Trump was impeached for allegedly demanding that Ukraine investigate corruption within their government as a condition for receiving "aid" - you know, doing his job before handing over a billion dollars to see that the aid was aid and not just a bribe.

Our government is systemically corrupt. I've said it many times, but our government is a criminal syndicate. I say this because our government is obviously a criminal syndicate - nothing more. It's a mafia.

Biden already was caught taking BRIBES, before he was nominated by the DNC. What kind of fucking people do you think run our intelligence agencies, DOJ, "news" media, and leadership of our parties? Al Capone and Whitey Bulger do. There is literally nothing that Biden could do to get him impeached.

richwicks says

HAHAHA - Biden could murder a baby on live television and it wouldn't be grounds for impeachment with this "government".

We'll see in 2 years. If GOP re-captures the House it's gonna be impeachments galore. Biden is owed at least 3, reasons for the first 2 already known.

And, btw, who said anything about impeachment having anything to do with "judicial system"? These are two completely separate things. Impeachment is political and has always been.

Eric Holder says

Not getting this one. How can you sell when buying is not allowed? To whom?

Brokerages aren't being hampered, just citizens.

Robinhood is FORCEABLY CLOSING OUT POSITIONS!!!

Insider posted on the class actions sub saying Sequoia and Whitehouse put pressure on them to stop the trading.

AOC and Ted fucking Cruz agreeing on Twitter.

They close everyone out without consent, market confidence will be SHOT TO FUCK.

We may not need to buy anymore stock, globalists seem to be grabbing the shovels away and digging the graves themselves now.

The hedge fund Point72 has suffered a nearly 15 percent loss amid the GameStop frenzy on Wall Street.
Jan. 27, 2021, 8:23 p.m. ET
3 hours ago
By Kate Kelly

Point72, Steve Cohen’s hedge fund, has an investment in Melvin Capital, which maintained a big bet against GameStop.

As shares of GameStop, the video game retailer, have surged amid a wave of speculative investment by small investors, Point72, the hedge fund run by the Mets owner Steve Cohen, has lost nearly 15 percent this year, according to a person with knowledge of the matter.

GameStop’s sudden rally — the shares jumped 135 percent on Wednesday alone and are up more than 1,700 percent this year — has taken a toll on some large investors who had bet against the stock. The losses at Point72, which manages nearly $19 billion in assets, stem in part from the firm’s investment in Melvin Capital, a hedge fund that had a massive bet against GameStop.

As the shares rose, Melvin was saddled with sudden losses and had to accept $2.75 billion in rescue capital from two outside investors. One of the rescuers was Point72, which already had roughly $1 billion under management with Melvin, said two people with knowledge of the relationship, and added $750 million to help stabilize Melvin this week.

Just wait until Rin's hedge fund buys naked shorts of the Real Doll stocks.

Ceffer says

Just wait until Rin's hedge fund buys naked shorts of the Real Doll stocks.

Veritas will have a new Whistleblower, that's for sure!

Ceffer says

Just wait until Rin's hedge fund buys naked shorts of the Real Doll stocks.

I've been wondering if we can somehow direct him to this thread..

https://amp.dailycaller.com/2021/01/28/janet-yellen-gamestop-citadel

Janet Yellen Received $810K In Speaking Fees From Hedge Fund Embroiled In GameStop Saga

Booger says

Ceffer says

Just wait until Rin's hedge fund buys naked shorts of the Real Doll stocks.

I've been wondering if we can somehow direct him to this thread..

hey @Rin - @Booger wants you to look at this thread.

https://finance.yahoo.com/news/robinhood-bars-users-from-buying-game-stop-stock-infuriating-its-users-144007484.html

Robinhood and others halt buying of GameStop and other hot stocks, infuriating users

How did KOSS, the headphone maker get caught up in this???

Robinhood turned buying back on, GME erases ALL losses from today in after-markets.

Speculation Robinhood may have a liquidity crisis. They are circling the drain for sure.

Booger says

How did KOSS, the headphone maker get caught up in this???

Did they have too much short interest?

Yep.
https://www.businessinsider.in/koss-shoots-131-higher-as-tweet-pegs-the-small-cap-headphones-maker-as-a-possible-next-wallstreetbets-darling/stock-market/news/koss-shoots-131-higher-as-tweet-pegs-the-small-cap-headphones-maker-as-a-possible-next-wallstreetbets-darling/articleshow/80471066.cms

Main Street fights back, this is insane (-ly awesome)

https://reclaimthenet.org/robinhood-blocks-its-users-from-buying-gamestop-amc-and-other-popular-stocks/

Robinhood blocks its users from buying GameStop, AMC, and other popular stocks

Big Tech’s and Wall Street’s crackdown on the retail traders and online communities that have memed stocks to new highs is continuing with Robinhood and several other stock trading platforms now blocking trades on Gamestop, AMC, Nokia, and others.

When the markets opened today, numerous users of Robinhood, one of the most popular stock trading apps in America, noticed that they were being blocked from buying some of the stocks that had reached new all-time highs this week.

Robinhood then officially confirmed that it was stopping its users from buying AMC ($AMC), BlackBerry ($BB), Best Buy ($BBBY), Express ($EXPR), GameStop ($GME), Koss ($KOSS), Naked Brand ($NAKD), and Nokia ($NOK) and only allowing them to close their existing positions. Additionally, Robinhood has raised margin requirements for “certain securities.”

Robinhood justified these restrictions by citing “recent volatility,” the importance of helping customers “stay informed,” and “helping our customers navigate this uncertainty.”

However, online commentators have pointed to different motives.

Dave Portnoy, the founder of Barstool Sports and host of popular stock trading show Davey Day Trader, tweeted: “Somebody is going to have to explain to me in what world @RobinhoodApp and others literally trying to force a crash by closing the open market is fair? They should all be in jail.”

“It took less than a day for big tech, big government and the corporate media to spring into action and begin colluding to protect their hedge fund buddies on Wall Street,” Donald Trump Jr., the EVP of Development & Acquisitions at The Trump Organization, tweeted. “This is what a rigged system looks like, folks!”

https://reclaimthenet.org/google-play-removes-robinhood-reviews/

Google Play deletes over 150,000 Robinhood app reviews after frustrated users leave one-star ratings

Earlier today, Robinhood, the most popular trading app in the US, blocked its users from buying several trending stocks, such as GameStop and AMC, which have enjoyed a massive surge over the last few days, with much of the buying being driven by online communities.

The block on buying appeared to have an instant impact on the market, with the price of these stocks quickly declining to the detriment of many of these retail traders who responded by filing class action lawsuits that accused Robinhood of depriving retail investors of potential gains and leaving hundreds of thousands of one-star app reviews.

These negative reviews pushed the overall rating for the Robinhood app in the Google Play Store down from an overall rating of 3.5 stars to 1 star.

But now, Google has stepped in and purged over 150,000 negative reviews. After Google scrubbed these dissenting reviews, Robinhood’s unfavorable 1 star rating was transformed into a positive 4 star rating.

What complete and utter corruption!

BLOCK ALL GOOGLE SITES FOREVER

I swear, I'm going to pull all my accounts from E*Trade if they don't let me trade GameStop tomorrow. That is, if I don't sleep in....

Me too. I'm going to try to buy GME via ETrade and completely close my account if they don't let me.

Me also. It's not an investment. It's not even a speculative bet. It's a protest.