stock market was up today...

[golfballs]

I read somewhere there was a loophole for the large market makers in order to "provide more liquidity." It seems like every time I see that phrase it's defending a mechanism that screws over regular people.

Everytime I hear someone support their position by saying “it provides more liquidity” it makes me want to puke. Literally anything in the name of liquidity!

 

[DancingOutlaw]

You ever watch the Business Blaze channel on YT? Basically, it's a humorous blast on certain business practices and failed businesses.

Anyway, one of the episodes focused on how Sears was one of the ultimate fails by not transferring over to the e-commerce system before everyone else and burying Amazon before they even got started. Basically, had they taken the Sears catalog online and offered 3rd party sellers (like they do now) they not only would have survived, but likely thrived since they had the infrastructure in place already.

Sears really is a victim of self inflicted gunshot wounds by not seeing (or believing) how much the internet was going to blow up in the late 90s.

The true irony of Sears is that they came to power by using a widely available catalog to mail goods to customers. Their ability to buy at scale and at lower prices killed their competition. Sound familiar?

 

[TheColdVolTruth]

I keep seeing references to the Reddit crew being the little guys. That being an anonymous forum, isn't it entirely possible that big and/or foreign money/influence is behind this. I'm typically not conspiratorial by nature, but it would be something if the real puppet master behind wall street bets is a rival hedge fund or foreign actor.

 

[lawgator1]

So how will the GME saga play out? Say, 3 months from now?

From what I read, this valuation absolutely cannot be justified. Once the rioters have proved their point and rush for the exits to cash in, just seems like it will be a precipitous drop to zilch, or thereabouts.

 

[Rasputin_Vol]

So how will the GME saga play out? Say, 3 months from now?

From what I read, this valuation absolutely cannot be justified. Once the rioters have proved their point and rush for the exits to cash in, just seems like it will be a precipitous drop to zilch, or thereabouts.

The main purpose isn't to turn a profit at this stage of the game. The objective now is to turn over the apple cart and screw over Wall St as much as possible.

 

[LouderVol]

So how will the GME saga play out? Say, 3 months from now?

From what I read, this valuation absolutely cannot be justified. Once the rioters have proved their point and rush for the exits to cash in, just seems like it will be a precipitous drop to zilch, or thereabouts.

The end for GME is still the same. Goodbye.

But like I said earlier there is a fair number of the redditors in it just to watch the hedge burn. Sure some will make money, but this is shitposting in a new venue. Most wont care about the loss as long as they stir the proverbial pot.

Basically the small guys have figured out they can move the market just as much as the big guys, and with as little justification.

 

[SpaceCoastVol]

View attachment 346736

Just curious, who is "Wall Street"?

 

[Vol737]

I keep seeing references to the Reddit crew being the little guys. That being an anonymous forum, isn't it entirely possible that big and/or foreign money/influence is behind this. I'm typically not conspiratorial by nature, but it would be something if the real puppet master behind wall street bets is a rival hedge fund or foreign actor.

Who knows? Nothing will surprise me and anything is possible. Movie rights to this will be the big money maker though.

 

[TheColdVolTruth]

So how will the GME saga play out? Say, 3 months from now?

From what I read, this valuation absolutely cannot be justified. Once the rioters have proved their point and rush for the exits to cash in, just seems like it will be a precipitous drop to zilch, or thereabouts.

At some point I would expect some fomo retail investors to get crushed along with the Reddit ideologues and a hedge fund or two. The real winner will be the shorts that are placed at the right time and catch the peaks. Having said that, the market can remain irrational longer than you can remain solvent, and I wouldn't try to time either side of these wall street bets names.

 

[NEO]

GME is 330 as of this moment and up 125 from yesterday's closing.

Who ever made the call to short this behind 100 percent has to be on suicide watch right now. This guy is watching his whole career go up in smoke.

 

[LouderVol]

GME is 330 as of this moment and up 125 from yesterday's closing.

Who ever made the call to short this behind 100 percent has to be on suicide watch right now. This guy is watching his whole career go up in smoke.

Sucks when you dont control the market.

 

[n_huffhines]

Apparently doge coin got taken off robin hood app. I've heard all the apps that are trying to trade it are having problems. I can't trade for it on coinbase. I tried to sign up for Kraken and I can't complete the process.

 

[mr.checkerboards]

Apparently doge coin got taken off robin hood app. I've heard all the apps that are trying to trade it are having problems. I can't trade for it on coinbase. I tried to sign up for Kraken and I can't complete the process.

Its there for me, but I already had some bought. Although I have an order placed for more that hasn't gone through yet.

 

[FLVOL_79]

I see the Biden administration is doing what they can to destroy the economy.

 

[Electric Orange]

 

[allvol123]

Apparently doge coin got taken off robin hood app. I've heard all the apps that are trying to trade it are having problems. I can't trade for it on coinbase. I tried to sign up for Kraken and I can't complete the process.

Same exact here.

I tried getting onto Kraken 3 years ago. Finally gave up after days, maybe weeks. If I had been successful I might be really wealthy now.

 

[Vol737]

Maxine has weighed in, but not really treading too far out...

GameStop saga shows 'we don't have enough people who can go short,' finance expert says

 

[Orangeburst]

Maybe Sydney Powell did release the Kraken..lol

 

[n_huffhines]

 

[Electric Orange]

 

[newarkvol]

Game is rigged but if this is true...?



"It appears that they closed their bad shorts when they flagrantly cheated on Thursday, and opened new shorts when the price rose again - giving the impression that the same shorts are still open."

"Adding more shorts is insane no matter the price. They should have closed their shorts and ignored the stock until the hype died. These greedy morons added more kindling to the fire because the fundamental principle remains the same: too many shorts and the market can name its price. Nobody will walk away defeated, especially now that Wall Street has revealed its hand. Instead, they'll shoot for a new price, and they'll buy fractional shares if they have to. The only thing stopping a price singularity when the short squeeze restarts next week is blatant market manipulation by the hands of compromised brokers. I wonder how much more fraud they can get away with before a full-blown insurrection is at their hands"

 

[Orange_Vol1321]

Everyone does realize that this will crash hard right? Yes you screwed some hedge funds over. A ton of stupid people will lose their ass.

I hope they know that.

The main point and the regulations that need put in place is not allowing a stock to be shorted 40, 80, 130% by these big shorting firms/institutions. They are trying to put the buisness, out of buisness by doing that.

There's a ton of naked shorting going on that also needs addressed even though it's already supposed to be "illegal."

 

[Electric Orange]

 

[Grand Vol]

So how will the GME saga play out? Say, 3 months from now?

From what I read, this valuation absolutely cannot be justified. Once the rioters have proved their point and rush for the exits to cash in, just seems like it will be a precipitous drop to zilch, or thereabouts.

Rioters?

 

[Orange_Vol1321]

Seen this posted a couple of times today. This should not be happening with a "free market." But Citadel owns around 47% of RH. They all need to go to prison.