patrick.net

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.

@Misc.

Good try lmfao Its a open and public ledger go back to your rabbit hole...

Cash says

@Misc.

Good try lmfao Its a open and public ledger go back to your rabbit hole...

Sorry, most of the coins are held in accounts at the exchanges, not in personal Bitcoin wallets. Peddle ponzi schemes elsewhere

$379.00 +$185.40 (95.76%)
Before hours: 6:54AM

https://summit.news/2021/01/29/facebook-bans-robinhood-stock-traders-group-with-157000-members/

Facebook Bans ‘Robinhood Stock Traders Group’ With 157,000 Members

https://politicrossing.com/robinhood-tries-to-cover-its-hiney-with-letter-to-account-holders-and-fails/

It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.

This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

To be clear, this decision was not made on the direction of any market maker we route to or other market participants.

The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.

We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.

Sincerely,
The Robinhood Team

Let’s just take a look through this and ask some questions:

“It’s been a tough day” – Boy I bet it has, but what about the small investors – playing well within the rules – who you screwed?

“We temporarily limited buying for certain securities this morning” – Because, well, we had overlords to protect. Hope you’re okay with that.

“Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.” – play nice kids and give some of the money back to the rich kids, and we will let you play again.

“To be clear, this decision was not made on the direction of any market maker we route to or other market participants.” – Uh-huh…

“The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds” – except when push comes to shove and the little guy starts winning. Then we step in.

“We stand in support of you, our customers” – except when we don’t.

“Thank you again for being a Robinhood customer. We’re so grateful for your support.” – Hey, where did you go? Hello? Are you still there?

Cash says

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...

The scheme was made with artificial scarcity. But what's going to stop an exchange from SAYING you own bitcoin after all they all look similiar.
D5F783A427G749D3C56E5832F7C69BA3

What's in your wallet?

And what's a "shit mutt".

Cash says

Good try lmfao Its a open and public ledger

AND no one can track you!

NEW ATH on it's way!!! #HedgefundApocalypse on it's way can't put it back in the box....
Your boy Biden and the crime family gang may try lmao

This dude is a scum bag always has been, this short squeeze has reformed him lol
Citron to stop publishing short-selling research, says Left
https://www.investing.com/news/stock-market-news/citron-to-stop-publishing-shortselling-research-says-left-2403479

I bought 3 shares of GME at @ $329.72/share in my ETrade account just to prove that I can.

OK, I won't close my ETrade account just yet.

Cash says

says Left

Don't you just love that name?!

https://finance.yahoo.com/video/reddit-user-explains-short-seller-182124435.html

The point at which it started to become a real middle finger to the establishment, I believe it was when the finan-- when the press started covering it/them in a negative manner, when brokerages decided-- that have ownership in the companies that shorted the stock, by the way-- decided, we're going to stop trading on GME. We're not going to allow you to buy anymore because it's in our financial best interest that you not be able to do that.

That's when it started to become a full-blown war, in a sense, I think, between people who are incredibly, incredibly aggravated at a financial sector that appears to always win while normal people lose. There's a lot of aggravation over what happened in 2007 and 2008. There's a lot of underlying resentment for these things that have not necessarily been addressed. And what they're doing is, this is a way to beat them at their own game using their own greed against them. That is what's happening. And I think that's a big part of the motivation.

Nice explanation.

Patrick says

The point at which it started to become a real middle finger to the establishment, I believe it was when the finan-- when the press started covering it/them in a negative manner, when brokerages decided-- that have ownership in the companies that shorted the stock, by the way-- decided, we're going to stop trading on GME. We're not going to allow you to buy anymore because it's in our financial best interest that you not be able to do that.

I think a big part of this is the clearing houses will not have the shares to meet "contractual agreements" when EOD/EOW is at their door...

From the Babylon Bee of course.

Cash says

I think a big part of this is the clearing houses will not have the shares to meet "contractual agreements" when EOD/EOW is at their door...

Just saw that majority of the clearing is done by a single house, guess who the president of the company is? Name ends in "child", not Julia.

Misc says

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.

From what I've been seeing at zerohedge, the real fallout from the squeeze hasn't even started yet.

On physical coin, make sure you're buying from a reputable dealer. I can tell you about a month ago delivery started stretching out again. Believe it's 4 weeks right now.