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I think the buyers were willing to lose money and didn't want Robinhood to decide for them if that was a bad decision or not.
That said, what Robinhood did may well be something they reserve the right to do in the agreement that all their customers have to enter with them. If so, and moves like that help Robinhood mitigate its own losses, then I don't see the problem. People who use Robinhood for the very low fees should be prepared for the less visible ways Robinhood makes money off them.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
What is the narrative?
There are two sets of rules, yes. "Accredited investors" vs. joe-schmoe on RobinHood. RobinHood is doing it's job, got it.
But what is the narrative? No one is talking about what you're talking about and no one is talking about derivatives trading being at the core of the 2008 crisis.
The narrative is "hypocritical hedge fund wall street fat cats vs. underdog day traders 'beating them' at their own game."
So question...
Are the conditions that led to 2008 still present (financial institutions over-exposure to risky derivatives trading)?
Is it worse or better than 2008?
Are the actions of the Fed making it worse or better?
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
Ah, so not so free market is good. Certainly they stop trading entirely on some stocks for various reasons occasionally, but allowing some people to trade and others are locked out? There is no justification for that.
But it’s a great precedent. “We are not banning gold, we are just mandating that retail investors can only sell gold, and can not buy any.”
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Rumble videos are not embedding correctly using the code from the URL.
This code is not working: [rumble]vdctvn[/rumble]
Instead, use the code from the embed popup - see this post.
This code works: [rumble]vaqnoz[/rumble]
Last edited by Occam's Banana; 01-28-2021 at 04:09 PM.
WHite House is monitoring and DC politicos are jumping in, making it a major political story.
Lawmakers from AOC to Ted Cruz are bashing Robinhood over its GameStop trading freeze
Thu, Jan 28 2021 4:25 PM EST
Key Points
- AOC, Ted Cruz, Ro Khanna and other lawmakers criticized Robinhood after it restricted trading in GameStop and other companies targeted by the irreverent WallStreetBets Reddit forum.
- Rep. Rashida Tlaib, D-Mich., a member of the Financial Services Committee, called Robinhood’s move “beyond absurd” and demanding a hearing on “Robinhood’s market manipulation.”
- The White House has said its economic team is monitoring the situation.
- The Democratic leaders of the House Financial Services Committee and the Senate Banking Committee said they would hold hearings.
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Delta variant, death of 9 Chinese engineers in terror attack led to airport chaos & quick Kabul fall?
Once those marxist retards in congress start regulating and rule making the stock markets I'd bet against stocks for five years minimum.
Do something Danke
WTF!
We did money bombs years ago for Ron Paul. Why not money bomb a ticker??
Rpfbets?
The Creature from Jekyll Island:
We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!
"They sell us the president the same way they sell us our clothes and our cars. They sell us every thing from youth to religion the same time they sell us our wars. I want to know who the men in the shadows are. I want to hear somebody asking them why. They can be counted on to tell us who our enemies are but theyre never the ones to fight or to die." - Jackson Browne Lives In The Balance
The silver lining of today's blatantly criminal behavior is that the bankers just gave everyone a head's up sneak peek of what they'll do when the Reset really starts. Instead, it won't be a relatively small amount of retail stock traders getting locked out while their winnings/earnings disappear. It'll be everyone's bank accounts. "Sorry, technical difficulties. Please try to access your account later. For support, call 1-800-FUPLEBS. We'll be happy to disconnect your call in a timely manner."
Why y'all think they're shutting down bank branches? The ones that aren't completely shut are slowly closing their lobbies down and putting the entrances behind double secured doors. The last few that still have lobby hours now have armed security posted at the doors. Cash being pulled from circulation. Coinage "shortages" due to viruses They're going to "Robinhood" everyone.
(And it sure as hell wasn't just Robinhood today, even though the media is attempting to make it all about Robinhood. My piddly trading account with Ally Invest was locked out entirely for most of the last two days. My crime? Holding one share of GME. I must have been labeled a "potential banker's Hamptons mansion security threat")
This is how the Chinese stock markets have been run for years. The Party decides what the people can or can't do in the markets on a daily basis. Looks like a down day is brewing? Restrict selling. A Chinese WSB moment forming? Restrict buying. The Party apparatus never loses, since brokers and banks are state-owned. Most likely some of any individual person's trading ability is connected to their social credit score, also. This is already a socialist country and has been for a long time. The mask is coming off during the transition to communism.
Last edited by devil21; 01-28-2021 at 09:11 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
Robinhood CEO speaks to Cuomo after GameStop stock chaos
https://www.cnn.com/videos/business/...ets-investing/
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Apparently the next gamestop is dogecoin. Price is up 800% in 24 hours. I tried to get in but all the brokers and exchanges are crashing.
handy gme short data with lots of good info on all this gme stuff
https://isthesqueezesquoze.com/
-This- Gamestop isn't over so hopefully no one is looking for the -next- one yet. Seems like the bankers are trying to create the perception that they beat everyone, so time to lick your wounds and move on to the next get-rich-quick scheme instead of holding the line on GME and forcing them to cover shorts. It sounds like the usual bankster jawboning mind$#@! operations they're known for.
The daily trade volume on GME (44mil) was nowhere near large enough that even half of their short positions (140% short of total issue=~100mil shares) could have been covered, even during the "oy vey shut it down" period.
Some think that the short position actually GREW Thursday overall, with only a select few being able to cover. There's no way that anywhere near the entire 140% was covered on that volume. GME is still very much a going concern but they're trying to create the perception that it's over. Dogecoin? Really? smh I hope people aren't dumb enough to fall for that lame bait-n-switch.
Last edited by devil21; 01-29-2021 at 03:16 AM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Again, who benefits from this?
How do we know the buyers are organic and not foreign actors or just other wall street cats playing a game?
We will see I guess. If it is organic, it will likely be killed and phase out and the proverbial "we" will have wasted their time. If it isn't organic, and there's an ulterior motive here, that motive is not likely in the interest of the underdogs.
We latch on to every MSM stoked "revolution" while we do nothing to build our own.
"Ron Paul cured my apathy."
...but then we all fell off the wagon and we're snorting big fat lines of "this can go viral!" every 10 minutes.
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
Let the bans begin...
Whack those moles!Facebook Shuts Robinhood Stock Traders Page Over 'Sexual Exploitation' Not GameStop 'Frenzy'
A Facebook group dedicated to discussion of stock trading on the Robinhood app was suspended by the social media site on Wednesday amid a frenzy of investment activity that has shaken Wall Street markets this week.
The community, called Robinhood Stock Traders, counted more than 150,000 users as members before being pulled offline by Facebook. Its founder Allen Tran, 23, said that he received the notification on January 27 and defined the move as censorship.
...
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Volume on GME is super low intraday. Very unlikely that it can support this stock price. Wouldn't be surprised to see this drop from 300 right now to below 100 today or Monday. Hanging on by a thread.
The best thing about this whole episode is that it's so new that the public doesn't know where to stand on it. Meaning, they haven't gotten their team's talking points yet.
I love when that happens.
You've got AOC and Tucker lining up on the same side. The public is confused on what the "right" answer is for their tribe.
TELL ME WHAT TO THINK, DAMMIT!!!
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
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