patrick.net

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.

This site just popped up:

https://wsbets.win/

I will tell you this, once done and said crypto is going to be the recipient of mass amounts of this fall-out $$$$$$$
mark my words. Unlike the creepy old people and their old antiquated love of their paper money they love technology and
adapt like babies to candy and they will really be drawn to decentralization like the massive and growing defi crypto market....
Watch and be amazed at what happens over the next few years...

Cash says

I will tell you this, once done and said crypto is going to be the recipient of mass amounts of this fall-out $$$$$$$
mark my words. Unlike the creepy old people and their old antiquated love of their paper money they love technology and
adapt like babies to candy and they will really be draw to decentralization like the massive and growing defi crypto market....
Watch and be amazed at what happens over the next few years...

Very few people take physical possession of crypto assets. Most just leave their holdings at the exchanges. There are no regulations concerning crypto. Therefore, the exchanges can loan crypto out just like the banks did with gold back in the day. Yes, crypto has been financialized. There is no set number of Bitcoin. That is a fiction.

Back in the day, with gold, eventually people would show up wanting physical possession of the gold (this will happen with Bitcoin some day). Back in the day bankers would get hung for not having the gold. With Bitcoin, there is a mysterious cyber-hack... AND IT'S GONE

Patrick says

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

Looks like Schwab/TDA only increased margin requirements and restricted shorting and naked options. But you can freely buy and sell GME so far.

I’m going to buy some GME tomorrow morning, Friday 1/29

I have a Vanguard brokerage account and I can make free trades, even by telephone.

I’m tempted to buy a lot of shares, but I know my inner risk aversion won’t let me.

The Hedge funds closed their short positions today (with a little help from forced sells). There is no Wall Street types that are going to lose money by retail customers raising the price anymore. The brokerage firms are back to supplying the retail customers with the ammo to shoot the shit out of each other.

The gambit of taking physical possession of silver is more promising, but securing delivery ain't gonna be easy. Everyone knows that non-physical possession is faked.

personal

Okay, what do y'all think tomorrow will be like:

1. More mysterious buying freezes (but not mandatory short margin cover demands)
2. Total freeze in Gamestop by regulators/exchange.
3. Something else.

Misc says

The Hedge funds closed their short positions today (with a little help from forced sells).

How do you know for sure though?

https://www.bloomberg.com/news/articles/2021-01-28/cohen-sundheim-lose-billions-to-reddit-traders-running-amok

Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok

Driven by the frenzied trading in GameStop Corp. and other stocks that hedge funds have bet against, the losses suffered over the past few days would rank among the worst in some of these money managers’ storied careers. Cohen’s Point72 Asset Management declined 10% to 15% so far this month, while Sundheim’s D1 Capital Partners, one of last year’s top-performing funds, is down about 20%. Melvin Capital, Plotkin’s firm, had lost 30% through Friday.

Cash says

Misc says

There is no set number of Bitcoin. That is a fiction.

Prove it, take your straw hat off and prove it.... you are sounding as ignorant as the other shit mutts who think they know something about crypto...

Coinbase alone has over 43 million members. It is adding over 1 million members per month. Supposedly just recently institutional investors are going into crypto in a big way. There are supposedly about 1000 Bitcoin Whales that control about 40% of all Bitcoin. E Toro has about 17 million users. There are about 19 million Bitcoins in existence now. For coins not in the hands of "Whales", that leaves about 11.4 million bitcoins. Based on just the number of members of these two firms, it would leave each member with a holding of .19 bitcoin. This is only for two firms. There are many firms in China, Japan, India and the rest of the world that have millions of customers themselves. Then there are nationstates such as Iran and North Korea. Bitcoin is not a novel investment it is very widely held. The math based on the number of "marks" does not add up, the exchanges are playing games.

E Toro has a promotion where for new members who go $5000 into crypto they give $500 in crypto. If they get 1 million new members per month, that would be an outflow of $500 million per month just to attract new "marks". Unlikely they make this off trading revenue. It is more likely that this $500 crypto costs them nothing or next to nothing. It reeks of a ponzi scheme.