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41
MisdemeanorRebel
2021 Jan 28, 5:24pm
Also today: Psaki was asked "Should Yellen recuse herself from the Gamestop/Robinhood situation given she received almost a Million in speaker fees from the Hedge Fund that owns Robinhood?"
Psaki's reply: "No, and she's an expert and entitled to that money."
MisdemeanorRebel
2021 Jan 28, 5:24pm
Also today: Psaki was asked "Should Yellen recuse herself from the Gamestop/Robinhood situation given she received almost a Million in speaker fees from the Hedge Fund that owns Robinhood?"
Psaki's reply: "No, and she's an expert and entitled to that money."
42
richwicks
2021 Jan 28, 6:05pm
richwicks
2021 Jan 28, 6:05pm
NoCoupForYou says
Shorting is a VALID trade - provided you actually borrow stock.
If you short a stock, you are on the hook to purchase the stock when the owner sells it or when you cash out and actually give ownership of the stock to the buyer. This means you're borrowing the stock, with the promise to pay for the stock you have borrowed when you cash out.
When things go wrong (or rather go illegal - not like the SECC enforces the law) is when more stock is "borrowed" than exists. This happened to Overstock - but now the little guys are figuring it out.
It's a crime to steal from the rich, but it's just fine and dandy to steal from the poor.
People are starting to recognize the playing field isn't flat. About fucking time.
We do not have a valid financial system. When 51% of the population figures this out, it goes down, and good riddance.
Shorting is a VALID trade - provided you actually borrow stock.
If you short a stock, you are on the hook to purchase the stock when the owner sells it or when you cash out and actually give ownership of the stock to the buyer. This means you're borrowing the stock, with the promise to pay for the stock you have borrowed when you cash out.
When things go wrong (or rather go illegal - not like the SECC enforces the law) is when more stock is "borrowed" than exists. This happened to Overstock - but now the little guys are figuring it out.
It's a crime to steal from the rich, but it's just fine and dandy to steal from the poor.
People are starting to recognize the playing field isn't flat. About fucking time.
We do not have a valid financial system. When 51% of the population figures this out, it goes down, and good riddance.
43
NuttBoxer
2021 Jan 28, 6:12pm
NuttBoxer
2021 Jan 28, 6:12pm
Misc says
Yes, you can always add more manipulation to an already manipulated market. What you're failing to grasp are the implications when the system backing it is 100% speculative(i.e. fiat currency central banking). Once confidence erodes, it won't come back, at least not in the form of dollars.
The rant in the OP said to buy. The folks in charge simply didn't allow any more buying. The stock price can simply be manipulated. The people holding this stock should hope that the stock price does not go negative. If it does, the brokerage firm can then force sell the stock to prevent further deterioration.
Yes, you can always add more manipulation to an already manipulated market. What you're failing to grasp are the implications when the system backing it is 100% speculative(i.e. fiat currency central banking). Once confidence erodes, it won't come back, at least not in the form of dollars.
44
NuttBoxer
2021 Jan 28, 6:15pm
NuttBoxer
2021 Jan 28, 6:15pm
GME erased ALL of today's losses in the aftermarkets as soon as trading was turned back on. Friday will be a bloodbath. Over/under on NASDAQ halting all trading?
45
NuttBoxer
2021 Jan 28, 6:18pm
NuttBoxer
2021 Jan 28, 6:18pm
Citadel owns Melvin. Guess which trading app they also own? Guess who was recently paid over $800k by Citadel, and now works in government?
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Buy GME! Hold it! Keep buying! And we can fuck this entire FUCKING SYSTEM!!
Fuck the Great Reset, fuck Pandemics, fuck the War on Terror, fuck the War on Drugs, fuck mandatory vaccines, fuck mandatory testing, fuck gun control, FUCK BANKS!!!
This is it. You wanted to do something, something that will actually make a difference, saddle up! The emperor has no clothes boys, and by the end of this, neither will a single central banker in this whole fucking planet.