All things STOCKS

[Thunder Good-Oil]

Strange Bedfellows

 

[mr.checkerboards]

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First intelligent think ive ever seen her say. Wow, miracles do happen

 

[Orange_Vol1321]

Has a great point.

 

[ButchPlz]

Robinhood now blocking limit sells on the stocks in question. Horrifying.

 

[Thunder Good-Oil]

For anybody having difficulty following the nefarious shenanigans:

 

[ButchPlz]

And numerous reports of Robinhood selling user's stocks out of their accounts.

 

[Volnbeers]

lmao

Spoiler

 

[BigOrangeMojo]

lmao

Spoiler

I guess that means Ja Rule won't be holding any music festivals this year. Takes a crook to know a crook.....

 

[BigOrangeMojo]

So @VolAllen, you still in or out of your put positions?

 

[05_never_again]

Ok, so now if RH is also closing out long positions for people, then that's a bridge too far.

 

[Orange_Vol1321]

If the brokerages are made to open these stocks back up to trading they will all go massive.

 

[ButchPlz]

If the brokerages are made to open these stocks back up to trading they will all go massive.

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Wasn't the point that all this was supposed to wrap tomorrow? This would happen much too late and everyone would have learned nothing.

 

[mr.checkerboards]

Something I saw earlier today, the group RH uses to execute most of their orders is the same group that holds a lot of the shorts being attacked in GME.. The Citadel. Not 100% sure if true, but if it is that's some BS.

 

[ButchPlz]

Something I saw earlier today, the group RH uses to execute most of their orders is the same group that holds a lot of the shorts being attacked in GME.. The Citadel. Not 100% sure if true, but if it is that's some BS.

It is 100% true.

 

[mr.checkerboards]

It is 100% true.

Then they need the **** sued out of em. Both companies need to go bust for this

 

[Velo Vol]

Discuss.

 

[mr.checkerboards]

Discuss.

I'm still somewhat a rookie to trading so my opinion may not mean much, but I don't have a problem with shorting. I have a problem with the rules being different. If it was you or I losing our ass it would be too bad so sad figure it out.

 

[TheColdVolTruth]

What I’m missing is how the hedge funds can short 140% of the shares. I thought that if share owners put on limit sell orders then those shares could not be loaned to shorts. Why in the eff does the SEC allow 140% short positions? But let’s limit the retail investor’s ability to buy shares... that will fix things.

This can be accomplished with a relatively small amount of shares in theory. If hedge fund A takes a 5% short position in a company, they sell those shares on the open market. Hedge fund B could then take an identical 5% short position with, in theory, the same shares that were shorted and sold by A. B then sells the same shares at market price. If this is done 25 times, you end up with a company having 125% of their shares being shorted when only 5% of their shares changed hands. This is an exaggerated example, but it shows how GME could see a short position of 138%.

 

[Orange_Vol1321]

Then they need the **** sued out of em. Both companies need to go bust for this

 

[Orange_Vol1321]

This can be accomplished with a relatively small amount of shares in theory. If hedge fund A takes a 5% short position in a company, they sell those shares on the open market. Hedge fund B could then take an identical 5% short position with, in theory, the same shares that were shorted and sold by A. B then sells the same shares at market price. If this is done 25 times, you end up with a company having 125% of their shares being shorted when only 5% of their shares changed hands. This is an exaggerated example, but it shows how GME could see a short position of 138%.

Makes sense but in no way should it be legal.

 

[UT_VOLS13]

Yellen received $800G from hedge fund in Gamestop controversy; WH doesn't commit to recusal

GameStop Short Sell Firm Citadel Paid Biden's Treasury Secretary $MILLIONS.

 

[05_never_again]

Discuss.

Shorts are vitally needed to call "BS." They were lauded as hero-like figures after the Enron and WorldCom frauds. That kind of praise was too far (they didn't do it for altruistic reasons), but they serve a purpose in the market.

 

[05_never_again]

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Jen Psaki is married to a dude named Gregory Mecher, who is a Democratic Party political operative.

Jen Psaki - Wikipedia

 

[mr.checkerboards]

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Doesn't surprise me at all

 

[05_never_again]

To clarify on the RH forced selling...that is BS assuming that they aren't liquidating people's positions in order to meet margin calls.

If they are liquidating people's positions in GME who are not trading on margin, or who are still meeting the margin requirements, then that is absurd.