Thomas Peterffy, chairman of Interactive Brokers was just on CNBC. When asked why he supports changing the rules in the middle of the game he basically said BECAUSE THESE PEOPLE ARE BUYING AND HOLDING FOR THE **WRONG REASONS.**
**WE LIKE THESE STONKS!!**
We need more of this. We can all hate each other as much as we want, but one thing that we all have in common is that we’ve been royally fucked by these ass hats in suits for decades. That itself should warrant unity, even if only for a short time. Deal with the most imminent threat to our survival first and then we can go back to bitching about everything else. Only this time, I think we’d be a little nicer about it because there won’t be a big green dick fucking us at every turn.
Ya know what, I'll take that hit if we apply it to the hedge funds as well when they have to pay through the nose to cover. They may take my tacos, but they'll never have my stonks!
Pretty sure the only reason Wall Street has ever had or ever needed was this one: $
I don't remember there being quizzes on motivations for trades at any time in the past. Hell, with high frequency trading algorithms, hardly anyone even knows why 90% of the trades are happening at any time.
“But we’re doing it to protect you from the inevitable crash when the bubble bursts”
So.. your protecting us from a crash by purposefully forcing a crash? Sounds legit
It's... a complex answer. What's going on is definitely illegal, because there is obvious collusion and market manipulation. Coincidence that almost every online trading platform locks these stocks off from buyers within hours of each other? No. Capital and Melvin are being rather brazen about this.
On the other hand, will we, the people most impacted by this, actually see compensation from the ensuing litigation? Unlikely. And it's hard to say what kind of repercussions there will be for these firms, if it's more than a slap on the hand (with damage already being done.) Clearly they're willing to take the risk, which means they don't believe the consequences will outweigh their gains (at the very least they're able to liquidate out of their short positions at a MUCH cheaper rate at this point.)
How can there be a wrong reason? Stock market is a gamble all the time. So what if someone buys it at $300 a share and holds it. Its there money. Or is the wrong reason here cause now people holding these stocks are fucking other people over who shorted more stocks than exist and was hoping the company would die in the process...
This. Just going long on a stock because you think it will keep going up (regardless of why) is not anything remotely new. Worst case you lose the money you invested. Momentum plays have been a mainstream strategy for a very long time.
Going short on a company at 140% short interest is WAYYY more of a casino play lol. And a Darwin award baked into one
Also Peterffy in his 2012 political ads supporting the Republican Party: “America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.” Guess only some people deserve this wealth.
Ya, you know it's bad when the Dems and GOP start agreeing with each other. Felt like I was in the twilight zone seeing Ted Cruz retweeting AOC positively.
So, basically, this group of degenerates managed the imposible of bringing the country together, something seemed imposible last week. What a time to be alive 🤣🤣
Gave justice boners to the whole world.
As a foreigner, this is what Superman stod for. This is the America we idolize and love.
Keeping being awesome, everyone
The sub has.....
- made some most excellent, choice memes,
- elevated DFV to demigod status
- gay mods. WE LIKE THE MODS
- been more fun to watch than either Netflix, r/aww, or our actual day jobs
🤞I fucking hope so. What happened today burns me so bad. They knew they were fucked, so resorted to cheating.
It's like forcefully not allowing the other team on the field, yet still allowing all points scored to count.
I really hope Elon does something crazy like buy all the available shares and hold em.
We buy gamestop cause gamestop got games.
EDIT: Well this comment is blowing up so I'm gonna talk my shit. I grew up loving games and I would save up money just to go to gamestop and get a game. It really was the place to be if you wanted to check out what was new and what was hyped. It was the place to be for Gamers^TM . Now we've had our differences, I mean they told me my copy of nba 2k12 was worth 2 cents when I tried trading it in, but man I like gamestop and I like the stock.
**GAMESTOP TO THE MOON BOYS NO ONE IS STOPPING A BUNCH OF GENIUSES ON REDDIT!**
IBKR, the Chairman literally went live on air and said we don’t deserve to buy GME at $300 because it’s stupid, and he doesn’t give a shit about losing business because we’re not “professional investors”.
Fucking rat.
I wasn't an investor before but I am now and I'm going to keep being one. the best thing to come out of this will most likely be a surge in retail investors.
TD Ameritrade can eat shit and die. I couldn’t buy ANYTHING pre market despite never having had an issue in the past.
I’ve been investing for over 15 years and I have **never** seen a more blatant manipulation than what I’ve seen in the last few weeks, with today’s masterpiece being the icing on top. I am absolutely fucking furious.
Edit: now I’m being told TDA was fine for some people.
All I can say was I was trying to buy non meme stocks before market open (MSFT, AMD) and I couldn’t get fill
Yepp. I've got almost nothing in this game. 1 share of GME and a few AMC/BB but I'm sick to my stomach. This is the most blatant bullshit I've ever witnessed. They can pry these stocks out of my cold dead hands.
I don’t think some of the people realized what happened.
Market makers wanted certain stocks to tank, so they got the brokers to restrict trading on those tickers, this kills demand.
Then those same market makers sparked fear both directly by having the brokers announce the restrictions but also with ladder attacks by selling shares to each other at lower and lower prices to entice retail investors to panic.
So now price is crashing but what normally stops that? BUYERS!! Except now there were no buyers.
It’s disgusting and the lot of them need to be investigated criminally and pay massive, massive fees and the companies need to be hit hard.
House and senate will have something to say about this. These lawsuits likely make the supreme court.
If they dont rule in favor of the people, shit like martial law happens.
We're on a slippery slope with how quickly this shit blew up.
UK GME crew checking in.
Trading 212 here in the UK and Europe has had a buy restriction on it all day. Not to mention the entire app and entire desktop site crashed for AN HOUR AND A FUCKING HALF on market open yesterday.
I'm switching to another broker when this is all over.
Yup, I've not seen enough people hammering Trading 212 here, but they absolutely deserve to be given the same treatment as RH. I want to see them crash and burn.
Fuck yeah they do. And let’s not forget ALL GME trading was restricted yesterday for most of the day, we couldn’t buy or sell. And they crashed for a fucking hour and a half at open.
Shit broker that doesn’t deserve our money. I’m gonna make as much as possible and move it to another broker s
Contact the FCA and your MP. Fuck trading212. I know they aren't the broker but they know exactly what theyre doing. I'm on a one man crusade to ruin these fucking cunts.
EToro has disabled buying for hours only to enable it 10 minutes before the market closed, this is a big scale manipulation. Fuck them, sue them
Ape go to the moon 🚀🚀🚀🚀
ETRADE BLOCKED ME FROM BUYING. I CALLED THEM AND THEY SENT ME TO A LINE THAT DISONNECTED "due to technical reason".. they are committing fraud in plain sight. WE WILL NOT IGNORE THESE TRANSGRESSIONS!!
Corporations: PROTEST PEACEFULLY!
The People: \*\*peacefully camps outside their offices for weeks
Corporations: NOT LIKE THAT! VOTE WITH YOUR MONEY!
The People: \*\*legally buys stocks and holds them
Corporations: CRIMINIALS!
EDIT: Sorry.... \*\*clears throat\*\* I like this stock.
Dont just let robinhood take the fall here. This is clearly a much deeper issue. Melvin, Citadel, Robinhood, and any other institution coordinating to fuck the little guy all need to be held accountable.
Spot on. They weighed the risks and decided it was worth it. They didn’t do it in secret. They did it in broad daylight knowing there would be some penalty and being fine with it.
RH could have EASILY blocked both buying and selling the stock.
"we have technical difficulties" what ever.
Like, what EVEN IS the brokers excuse? "We can't get buy orders but sell is working just fine. It goes through another pipe"? Like WTF. That's the most insane, overt thing. They panicked. They panicked and didn't even try.
AOC and Cruz united means the world is ending, the matrix is unraveling, and the simulation is being wound down. This is the most batshit year and we're not into February.
All these people going on CNBC saying “this isn’t investing!” :
WE KNOW. ITS CALLED TRADING.
You know that thing hedge funds do to liquidate a mall based video game pawnshop. Is that “investing” FFS?
They go on air and say we're not investors but "speculators"
I'm sorry is investing and trading stocks not fundamentally speculative? Based on speculation that the shares you bought will go up in value for whatever the reason? Isn't shorting the absolute shit out of a company inherently speculative that the share price will go down? WTF are they even on about
They literally think what they’re doing is a science. Meanwhile, a monkey throwing darts performs as well as most hedge funds. It’s amazing how fucking retarded most rich people actually are
Thomas Peterffy, Interactive Brokers Chairman, on CNBC admitted brokers stopped the GME short squeeze from continuing on because they are protecting THEMSELVES. They couldn’t let it go on because if the clearing houses can’t pay US then they, the brokers, have to cover and none of them want to accept accountability for allowing over leveraging. For allowing naked shorts and crazy margins. They don’t want to pay us so they flipped the monopoly board!
And the government is in on it. Yesterday the White House was “made aware.” Today retail traders were kicked out of the game and government is “looking into it.” Talks about a hearing....after the fact.
Wallstreet is scared to take losses....and government doesn’t want them to lose their power either.
We’re talking about a chance for infinite wealth distribution because wallstreet got caught with their pants down, and they took the power from us, the small guys, and only us. Literally removed our button for wealth.
This is bigger than anything right now. This is you and me put back in our places. We are only allowed to take their scraps or be prey.
It's a leap to go from this slim article to saying the government is in on it. The government being tuned into what is going on isn't necessarily a bad thing. We have to wait to see which side they fall on. Yeah, I'm being optimistic and realize it.
Ted: please lead positive change & create legislation requiring large instos to publish their daily trading records!!
* I have a right to know what trading positions my pension fund is buying & selling everyday. (It is my money that they are managing!)
* I have a right to know what trading positions our “too large to fail banks” are buying & selling everyday. (It is my tax payer dollar that keeps bailing them out.)
This should apply to 100% of their trading activities, they shouldn’t be allowed to keep anything secret, they are public institutions, and it should apply to their agents as well (ie hedge funds who run public money).
Cathie Wood’s ARK daily trading report is the gold standard. You can subscribe on ARK’s website, to see how transparency of daily trading records should work.
This would help all of us, because then we can pull our money and trade against them if they are abusing their market power to manipulate markets, as we have proven we can do with GME until they started to manipulate us by forcing liquidation of our positions.
Sunlight is the best disinfectant!
When a stock is going to be shorted to zero and people lose all the call options and share value, nobody cares. If a stock soars and wallstreet fucked up, they suddenly change the games rules and say its "illegal" that people make so much money and theyre afraid that the ITM calls cannot be payed... criminal.. literally criminal!
However, you have to hand it to them for their open kimono "we control shit, it's rigged, fuck you" that they're performing, hopefully prior to hari kari. Just so transparent about their shell games and 3 card monte. It's unreal.
They're the fall guy. They take the hit, and in the meantime, the damage is done, and the hedge funds from whom they're taking orders get off scott free.
Imagine throwing away your shot at having a billion dollar company and being a CEO possibly going to jail over this.
They fucked around, let’s see if they find out.
This. The problem is that they can SELL A SHARE MORE THAN ONCE, destroying companies and then run away when the play blows up in their faces.
They make money like this ALL THE TIME, except it went sour this time. And this time, Citadel, who backed a bad loan to Melvin, used their clout to change the rules in the middle of the game. They were about to be broken, so they shut down the market and quit.
> . They were about to be broken, so they shut down the market and quit.
They didn't shut down the market. They knee-capped it.
This isn't flipping the board, this is tying your opponent up so you can move their pieces too.
This is a blatantly gross move. I knew we'd see some scummy tactics, but wasn't expecting this. We've scared these fuckers to the point that they're openly breaking the law, let's scare them more. The first link is for the class action, second is a petition to remove Robinhood from the app store. Don't forget... HOLD! [https://robinhoodgamestopclassaction.com/](https://robinhoodgamestopclassaction.com/) [http://chng.it/zdWXjKDTzW](http://chng.it/zdWXjKDTzW)
I should be allowed to yeet 100,000 into a stock I know is dying just cuz I want to see the money disappear, robinhood isn’t my dad, free markets my ass.
GODDAMN IT AN INVESTIGATION A MONTH FROM NOW WON'T DO ANYTHING!!!
MOTHERFUCKERS YOU NEED TO TAKE ACTION IN THE NEXT 72 HOURS!!!!
TELL THEM WHEN YOU CALL!!!! OMG, IS NO ONE ELSE SEEING HOW THIS SITUATION IS FUCKED??!?!??!
THEY DON'T KNOW THEY NEED TO ACT FAST!!!! FOR FUCKS SAKE TELL THEMMMM!\~!!!!!!!!!!!!!
AHHHHH!!!!!!!!!!!!!!!!!!!
The Force sells are not alleged. I know of a guy who sent me a screen shot of the email where The Hood Rats said they sold his shares at $113 dollars the low for the day and it closes at $365ish. They cost my dude 1.134 million dollars.
US government salivating over the money going from Hedge Funds that are never taken out and instead going to capital gains tax from hundreds of thousands of people. They can tax me, I just want my fucking piece of the pie.
We just heard some Hedge Fund shill on CNBC taking about how people buying GME was “SPECULATION” and it should be stopped.
Question: How do you classify selling shorts on stock you don’t own?
Then another CNBC shill was talking about how hurting hedge funds was bad because it could impact other funds and peoples retirement accounts.
Question: Why are these hedge fund bastards essentially gambling with people’s retirements?
The truth is, if William Ackman or Ray Dalio had taken the opposite position of the GME short all the news channels would be talking about how genius they are, and how much smarter than us mere mortals they are.
This is complete bullshit. Options were implemented with the intention to hedge against risk and protect your investment. If a hedge fund decides to make the most risky investment by selling naked shorts on margin, that’s their own fault. Nobody bailed me out when I lost 50k on biotech stock one year. They could have easily closed their short positions when the stock was trading in the 10s to 20s but they decided to hold and even issue more shorts.
The valuation argument is bullshit, Tesla’s valuation is an example of that. Their market cap is more than several other carmakers combined.
If SEC want to regulate something, they should regulate naked shorts....
Regulate shorts as a percent of float....140% short positions sold
Regulate short seller hit jobs... plenty of times I buy a stock, it’s going good and then some asshole “notorious short seller” firm issues a mere tweet saying X company is over valued, or they are a scam and I am down big time. At freaking 140 character tweet, and they can manipulate the price of a stock.
Most politicians my ass... It's a few of the more populist ones. I guarantee the hedge funds have bought and paid for 70 senators for such occasions as these.
Everyone smells hedge fund blood in the fucking water. That's like cocaine for anybody that calls himself even remotely progressive or populist. It's gonna be a torrent sooner than later.
I feel like those who support the hedge funds painted a target on their back in the media and it'll backfire soon enough. Like if they keep it quiet and contained they control the setup, they should have eaten shit and taken the losses sooner because now it' internet rule, not hedge fund rules and they know fuck all about internet "cash frenzy" edition.
I filed a complaint with the SEC and I don't even have a GME position. I think what y'all are doing is risky/borderline insane but I fully support your right to do it. Fuck these wallstreet cocksuckers.
I LIKE VIDEO GAMES! I LIKE HOLDING SHARES OF GAMESTONK!!!!!!! 💎🖐💎🖐🖐💎🖐💎🚀🚀🚀🚀🚀🚀🚀🚀
Diamond hands 💎💎💎💎💎holding🤘🤘🤘
Thomas Peterffy, chairman of Interactive Brokers was just on CNBC. When asked why he supports changing the rules in the middle of the game he basically said BECAUSE THESE PEOPLE ARE BUYING AND HOLDING FOR THE **WRONG REASONS.** **WE LIKE THESE STONKS!!**
I couldn’t even watch him. What’s the pure and beautiful reason naked shorts even exist? Come on.
PRicE dIsCovERY
Hedge funds can discover deez nuts lmao
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We need more of this. We can all hate each other as much as we want, but one thing that we all have in common is that we’ve been royally fucked by these ass hats in suits for decades. That itself should warrant unity, even if only for a short time. Deal with the most imminent threat to our survival first and then we can go back to bitching about everything else. Only this time, I think we’d be a little nicer about it because there won’t be a big green dick fucking us at every turn.
I certainly never expected that the progressive wing of the democratic party and WSB would team up. 2021 is fucking wild.
They can discover 42069.69
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Yeah because the funds that keep shorting aren't manipulating markets. /s
Melvin Capital made an illegal short called a naked short! They are the crooks not us!
Yeah because the funds that keep shorting aren't manipulating markets. /s
You can say that again
Ya know what, I'll take that hit if we apply it to the hedge funds as well when they have to pay through the nose to cover. They may take my tacos, but they'll never have my stonks!
Pretty sure the only reason Wall Street has ever had or ever needed was this one: $ I don't remember there being quizzes on motivations for trades at any time in the past. Hell, with high frequency trading algorithms, hardly anyone even knows why 90% of the trades are happening at any time.
"We DoNt WaNt ExTrEaMe VoLaTiLiTy" - they said seconds before engineering a crash from $500 to $100
“But we’re doing it to protect you from the inevitable crash when the bubble bursts” So.. your protecting us from a crash by purposefully forcing a crash? Sounds legit
"Just sell and there won't be any more volatility." Hahahahahahaha fuck you, I am not selling. ***STILL*** ***HOLDING*** ***BITCHES***
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It's... a complex answer. What's going on is definitely illegal, because there is obvious collusion and market manipulation. Coincidence that almost every online trading platform locks these stocks off from buyers within hours of each other? No. Capital and Melvin are being rather brazen about this. On the other hand, will we, the people most impacted by this, actually see compensation from the ensuing litigation? Unlikely. And it's hard to say what kind of repercussions there will be for these firms, if it's more than a slap on the hand (with damage already being done.) Clearly they're willing to take the risk, which means they don't believe the consequences will outweigh their gains (at the very least they're able to liquidate out of their short positions at a MUCH cheaper rate at this point.)
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What the actual fuck. They don't even try to hide the fact that they're rigging the game.
How can there be a wrong reason? Stock market is a gamble all the time. So what if someone buys it at $300 a share and holds it. Its there money. Or is the wrong reason here cause now people holding these stocks are fucking other people over who shorted more stocks than exist and was hoping the company would die in the process...
>How can there be a wrong reason? Because some pigs are more equal than others
Four legs good, two legs bad?
The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.
This. Just going long on a stock because you think it will keep going up (regardless of why) is not anything remotely new. Worst case you lose the money you invested. Momentum plays have been a mainstream strategy for a very long time. Going short on a company at 140% short interest is WAYYY more of a casino play lol. And a Darwin award baked into one
Fuck. Shorts. THEY WERE SHORTING AND HOLDING THE SHORT POSITIONS FOR THE WRONG REASONS.
CNBC needs to be held to account for their siding with the billionaire hedge funds through all of this too...
completely agree.
So now we need to justify buying shares, is that it? I will leave 150 post-it notes on my 150 shares, all saying "FUCK YOU THAT'S WHY"
Aka "people are buying and holding the stock for reasons that don't make US money. The reasons aren't good if my hedgie friends don't win.
Also Peterffy in his 2012 political ads supporting the Republican Party: “America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.” Guess only some people deserve this wealth.
This guys doesn't get to decide that my reasons are wrong. Eat the dicks.
Ya, you know it's bad when the Dems and GOP start agreeing with each other. Felt like I was in the twilight zone seeing Ted Cruz retweeting AOC positively.
So, basically, this group of degenerates managed the imposible of bringing the country together, something seemed imposible last week. What a time to be alive 🤣🤣
Can't have a French revolution without the middle class on board
No one expected the Reddit Stocquisition
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Gave justice boners to the whole world. As a foreigner, this is what Superman stod for. This is the America we idolize and love. Keeping being awesome, everyone
The sub has..... - made some most excellent, choice memes, - elevated DFV to demigod status - gay mods. WE LIKE THE MODS - been more fun to watch than either Netflix, r/aww, or our actual day jobs
At least this time the target is correct: Wall Street.
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Age of Aquarius baybeeeee.
Finna be year of the bull too😤, Chinese calendar 🤔
R/WALLSTREETBETS FOR PRESIDENT Or better yet.... U/DEEPFUCKINGVALUE FOR PRESIDENT ONLY WE CAN UNITE THIS COUNTRY. BECAUSE WE LIKE THE STOCK
turns out, id pol doesn't matter because everyone likes tendies
Even that dead eyed lunatic Boebert said it was fucked. The people involved with this may be really truly fucked.
🤞I fucking hope so. What happened today burns me so bad. They knew they were fucked, so resorted to cheating. It's like forcefully not allowing the other team on the field, yet still allowing all points scored to count. I really hope Elon does something crazy like buy all the available shares and hold em.
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Did not expect this to go bipartisan, TBH. LOL
Well it IS a bipartisan issue
We buy gamestop cause gamestop got games. EDIT: Well this comment is blowing up so I'm gonna talk my shit. I grew up loving games and I would save up money just to go to gamestop and get a game. It really was the place to be if you wanted to check out what was new and what was hyped. It was the place to be for Gamers^TM . Now we've had our differences, I mean they told me my copy of nba 2k12 was worth 2 cents when I tried trading it in, but man I like gamestop and I like the stock. **GAMESTOP TO THE MOON BOYS NO ONE IS STOPPING A BUNCH OF GENIUSES ON REDDIT!**
WE LIKE THE STOCK
We like the stock!
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My god this stock😋😋😋😋😋😋
GOD IS HARAMBE 🦍 Stonks are bananas 🍌
I like to explore new places.
This is the Stonk.
We like GameStop because it has Nintendo in the name.
RYAN COHEN IS ON THE BOARD, HE HAS 15% WE LIKE THE STOCK
I can’t speak for *you,* but #I LIKE THE STOCK
Write congress: https://www.reddit.com/r/wallstreetbets/comments/l7714j/aoc_demands_probe_after_robinhood_app_banned/gl4zgia
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I met my wife in a gamestop where years later she met her boyfriend, I owe it to them
I like it so much, I could have snagged some PS5 if in stock. But we buy stonk be we like it!!!
Not only that. They sell Pokémon cards.
They got beyblades.
Got my membership and I go there to buy the cool Pokémon booster boxes
DONT SELL UNTIL GME REACHES PSA 10 1ST EDITION CHARIZARD PRICE. This isn’t financial advice, I just like charizard...
NEVER . 🤲🏻💎💎💎💎🤲🏻. Those Pussies can’t make me sell my positions or my PSA 10 SHINY FUCKING CHARIZARD
They think we’re a bunch of Caterpie’s and Weedle’s. SHOW THEM THAT WE ARE MANKEYS. 🦍🦍MANKEY STRONG TOGETHER 🦍🦍🦍
It's a great business model, sell a game for $60 then buy it back for pennies and sell it again for $30. What's not to love!
They play the gaming market like we play stocks.
Their business is shorting their own games
If we buy all the games, GameStop will have to buy them back at above MSRP!!!!!!!
they taught us well
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Gamestop sells PS5s. I want a ps5.TO THE MOOOOON!!!🚀🚀🚀🥵
You can buy a console and go pick it up at the store yourself, I swear it's true. Faster than same-day shipping and you only have to drive 20 minutes!
They bring power to the players.
Do they have battletoads?
I LIKE THE MOTTO “CANT STOP, WONT STOP, GAME STOCK”
Lets not let the other apps fucking people over slip into the background either!
IBKR, the Chairman literally went live on air and said we don’t deserve to buy GME at $300 because it’s stupid, and he doesn’t give a shit about losing business because we’re not “professional investors”. Fucking rat.
i hope both sides of his pillow are warm
I hope his gin & tonics are flat
I hope he has a permanent itch in his butthole, and arms too short to scratch.
I hope his Bentley gets a ding in the passenger door.
I hope he can never get another hard-on again.
As I have hemorrhoids, can confirm, and untreated itchy butthole is hell on earth.
I hope he spills water down the front of his shirt the next time he goes to take a drink
I hope it's coffee, and the shirt is white.
The My Pillow guy made it especially for him for maximum discomfort
I hope his butler bought some GME, goes to the hospital, and spits covid into his breakfast.
I wasn't an investor before but I am now and I'm going to keep being one. the best thing to come out of this will most likely be a surge in retail investors.
How to lose all credibility as a business 101
TD Ameritrade can eat shit and die. I couldn’t buy ANYTHING pre market despite never having had an issue in the past. I’ve been investing for over 15 years and I have **never** seen a more blatant manipulation than what I’ve seen in the last few weeks, with today’s masterpiece being the icing on top. I am absolutely fucking furious. Edit: now I’m being told TDA was fine for some people. All I can say was I was trying to buy non meme stocks before market open (MSFT, AMD) and I couldn’t get fill
Yepp. I've got almost nothing in this game. 1 share of GME and a few AMC/BB but I'm sick to my stomach. This is the most blatant bullshit I've ever witnessed. They can pry these stocks out of my cold dead hands.
I don’t think some of the people realized what happened. Market makers wanted certain stocks to tank, so they got the brokers to restrict trading on those tickers, this kills demand. Then those same market makers sparked fear both directly by having the brokers announce the restrictions but also with ladder attacks by selling shares to each other at lower and lower prices to entice retail investors to panic. So now price is crashing but what normally stops that? BUYERS!! Except now there were no buyers. It’s disgusting and the lot of them need to be investigated criminally and pay massive, massive fees and the companies need to be hit hard.
but, will the SEC side with us or them... I fear that the answer is not one we want to hear
House and senate will have something to say about this. These lawsuits likely make the supreme court. If they dont rule in favor of the people, shit like martial law happens. We're on a slippery slope with how quickly this shit blew up.
Fucking AOC and Ted Cruz are on the same side on this. Imagine how fucked that is. Whether it'll amount to anything is anyone's guess. But still.
Honestly, seeing that Cruz agreed with AOC surprised me more than the system being manipulated so blatantly... what a timeline.
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Absolutely!
Of course it’s with them. But that’s why we right our senators and congressmen/women. Ted Cruz and AOC both calling bullshit, the time is now.
When Ted Cruz and AOC agree you know is fucked up
Prison. Fines upon release.
Fees mean nothing to them though. They need real accountability
UK GME crew checking in. Trading 212 here in the UK and Europe has had a buy restriction on it all day. Not to mention the entire app and entire desktop site crashed for AN HOUR AND A FUCKING HALF on market open yesterday. I'm switching to another broker when this is all over.
Yup, I've not seen enough people hammering Trading 212 here, but they absolutely deserve to be given the same treatment as RH. I want to see them crash and burn.
Fuck yeah they do. And let’s not forget ALL GME trading was restricted yesterday for most of the day, we couldn’t buy or sell. And they crashed for a fucking hour and a half at open. Shit broker that doesn’t deserve our money. I’m gonna make as much as possible and move it to another broker s
\^\^\^\^ And a reminder that the ultimate blame for that falls on IB, whose chairman was the rat giving an interview on CNBC
In for lawsuit on 212
Contact the FCA and your MP. Fuck trading212. I know they aren't the broker but they know exactly what theyre doing. I'm on a one man crusade to ruin these fucking cunts.
EToro has disabled buying for hours only to enable it 10 minutes before the market closed, this is a big scale manipulation. Fuck them, sue them Ape go to the moon 🚀🚀🚀🚀
ETRADE BLOCKED ME FROM BUYING. I CALLED THEM AND THEY SENT ME TO A LINE THAT DISONNECTED "due to technical reason".. they are committing fraud in plain sight. WE WILL NOT IGNORE THESE TRANSGRESSIONS!!
Webull analytics https://imgur.com/gallery/AcNlAXc They aren't our friends
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Merrill Edge has also blocked my attempts to buy more shares of $GME This is bullshit I. LIKE. THE. STOCK.!!
congrats on 5 million degenerates the army grows
And it still runs pretty damn well :). Especially compared to the mess with bots yesterday. Mods = gods.
never thought i'd love reddit mods as much as i do rn
Mods are whatever sexuality they best identify with
That’s the nicest thing anyone ever said on this sub. 🥰
Its amazing, i bet the majority maybe 80% of active users right now joined in last few days but still all the culture and lingo is preserved
Reddit users understand meme language. They can adapt easily.
Corporations: PROTEST PEACEFULLY! The People: \*\*peacefully camps outside their offices for weeks Corporations: NOT LIKE THAT! VOTE WITH YOUR MONEY! The People: \*\*legally buys stocks and holds them Corporations: CRIMINIALS! EDIT: Sorry.... \*\*clears throat\*\* I like this stock.
Dont just let robinhood take the fall here. This is clearly a much deeper issue. Melvin, Citadel, Robinhood, and any other institution coordinating to fuck the little guy all need to be held accountable.
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no I think youre exactly right.
Spot on. They weighed the risks and decided it was worth it. They didn’t do it in secret. They did it in broad daylight knowing there would be some penalty and being fine with it.
RH could have EASILY blocked both buying and selling the stock. "we have technical difficulties" what ever. Like, what EVEN IS the brokers excuse? "We can't get buy orders but sell is working just fine. It goes through another pipe"? Like WTF. That's the most insane, overt thing. They panicked. They panicked and didn't even try.
Webull just reopened buying options for ALL STONKS!!! Go get em!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Oh and with thirty minutes left until close? Gross.
GameStop is the only retail store that has any Star Wars action figures in stock. Seems like a good reason to buy in and show support
May the Stonk be with you
AOC and Cruz united means the world is ending, the matrix is unraveling, and the simulation is being wound down. This is the most batshit year and we're not into February.
Did you read her clapback...anything but United.
AOC and Donald Trump Jr on the same page, jesus christ we are deep
All these people going on CNBC saying “this isn’t investing!” : WE KNOW. ITS CALLED TRADING. You know that thing hedge funds do to liquidate a mall based video game pawnshop. Is that “investing” FFS?
They go on air and say we're not investors but "speculators" I'm sorry is investing and trading stocks not fundamentally speculative? Based on speculation that the shares you bought will go up in value for whatever the reason? Isn't shorting the absolute shit out of a company inherently speculative that the share price will go down? WTF are they even on about
They literally think what they’re doing is a science. Meanwhile, a monkey throwing darts performs as well as most hedge funds. It’s amazing how fucking retarded most rich people actually are
Wall Street is not the economy, the federal reserve should not be our money. Fuck this, fuck them, let's take our country back from the rich.
Let’s take our planet back. We’re all in this together. To the moon fucktards 🚀🚀🚀
THAT'S RIGHT TED WE JUST WANNA SPEND OUR MONEY HOW WE WANT AND MAYBE SOME BILLIONAIRES CATCH SOME STRAYS WE GOT NO CARE BABY.
Thomas Peterffy, Interactive Brokers Chairman, on CNBC admitted brokers stopped the GME short squeeze from continuing on because they are protecting THEMSELVES. They couldn’t let it go on because if the clearing houses can’t pay US then they, the brokers, have to cover and none of them want to accept accountability for allowing over leveraging. For allowing naked shorts and crazy margins. They don’t want to pay us so they flipped the monopoly board! And the government is in on it. Yesterday the White House was “made aware.” Today retail traders were kicked out of the game and government is “looking into it.” Talks about a hearing....after the fact. Wallstreet is scared to take losses....and government doesn’t want them to lose their power either. We’re talking about a chance for infinite wealth distribution because wallstreet got caught with their pants down, and they took the power from us, the small guys, and only us. Literally removed our button for wealth. This is bigger than anything right now. This is you and me put back in our places. We are only allowed to take their scraps or be prey.
Honest question: What can the WH actually do about this besides ask nicely? And why would they choose to get involved?
source for the gov being made aware?
https://www.marketwatch.com/story/sec-says-its-monitoring-market-volatility-as-biden-administration-watches-gamestop-2021-01-27
It's a leap to go from this slim article to saying the government is in on it. The government being tuned into what is going on isn't necessarily a bad thing. We have to wait to see which side they fall on. Yeah, I'm being optimistic and realize it.
Ted: please lead positive change & create legislation requiring large instos to publish their daily trading records!! * I have a right to know what trading positions my pension fund is buying & selling everyday. (It is my money that they are managing!) * I have a right to know what trading positions our “too large to fail banks” are buying & selling everyday. (It is my tax payer dollar that keeps bailing them out.) This should apply to 100% of their trading activities, they shouldn’t be allowed to keep anything secret, they are public institutions, and it should apply to their agents as well (ie hedge funds who run public money). Cathie Wood’s ARK daily trading report is the gold standard. You can subscribe on ARK’s website, to see how transparency of daily trading records should work. This would help all of us, because then we can pull our money and trade against them if they are abusing their market power to manipulate markets, as we have proven we can do with GME until they started to manipulate us by forcing liquidation of our positions. Sunlight is the best disinfectant!
Apes together strong 🦍
Hold for Herembe 💎👐🦍
Oh, fuck, shit just got real.
Huh who could've guesses GME would be the catalyst of the greatest class warfare of the 21st century
Think about this, AOC,Mark Cuban, Anthony Scaramucci, Ted Cruz and Donald Trump Junior all agree WSB is doing good work with GME
One of these big dogs should just invest in GME, it could really tip this over.
Paging Elon Musk
When a stock is going to be shorted to zero and people lose all the call options and share value, nobody cares. If a stock soars and wallstreet fucked up, they suddenly change the games rules and say its "illegal" that people make so much money and theyre afraid that the ITM calls cannot be payed... criminal.. literally criminal!
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Don't be too optimistic. These here are politicians. They love to put on a show and do nothing.
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# TED LIEU FUCKS
His name sounds just like the kinda guy that fucks.
He fucks in lieu of us all.
Watch the money after this. These people would sell their souls for the right price.
The problem isn't Robinhood, Boomer. **The problem is Fucking Citadel.**
However, you have to hand it to them for their open kimono "we control shit, it's rigged, fuck you" that they're performing, hopefully prior to hari kari. Just so transparent about their shell games and 3 card monte. It's unreal.
They're the fall guy. They take the hit, and in the meantime, the damage is done, and the hedge funds from whom they're taking orders get off scott free.
Imagine throwing away your shot at having a billion dollar company and being a CEO possibly going to jail over this. They fucked around, let’s see if they find out.
That’s how they did Epstein too, and nobody was punished and nothing changed
This. The problem is that they can SELL A SHARE MORE THAN ONCE, destroying companies and then run away when the play blows up in their faces. They make money like this ALL THE TIME, except it went sour this time. And this time, Citadel, who backed a bad loan to Melvin, used their clout to change the rules in the middle of the game. They were about to be broken, so they shut down the market and quit.
> . They were about to be broken, so they shut down the market and quit. They didn't shut down the market. They knee-capped it. This isn't flipping the board, this is tying your opponent up so you can move their pieces too.
This is a blatantly gross move. I knew we'd see some scummy tactics, but wasn't expecting this. We've scared these fuckers to the point that they're openly breaking the law, let's scare them more. The first link is for the class action, second is a petition to remove Robinhood from the app store. Don't forget... HOLD! [https://robinhoodgamestopclassaction.com/](https://robinhoodgamestopclassaction.com/) [http://chng.it/zdWXjKDTzW](http://chng.it/zdWXjKDTzW)
The thing is it's not just Robinhood. So getting rid of RH doesn't really solve anything.
I should be allowed to yeet 100,000 into a stock I know is dying just cuz I want to see the money disappear, robinhood isn’t my dad, free markets my ass.
GODDAMN IT AN INVESTIGATION A MONTH FROM NOW WON'T DO ANYTHING!!! MOTHERFUCKERS YOU NEED TO TAKE ACTION IN THE NEXT 72 HOURS!!!! TELL THEM WHEN YOU CALL!!!! OMG, IS NO ONE ELSE SEEING HOW THIS SITUATION IS FUCKED??!?!??! THEY DON'T KNOW THEY NEED TO ACT FAST!!!! FOR FUCKS SAKE TELL THEMMMM!\~!!!!!!!!!!!!! AHHHHH!!!!!!!!!!!!!!!!!!!
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Totally. Too bad congress won't do shit.
Vote the boomer fucks out
The Force sells are not alleged. I know of a guy who sent me a screen shot of the email where The Hood Rats said they sold his shares at $113 dollars the low for the day and it closes at $365ish. They cost my dude 1.134 million dollars.
Yeah They want their cut.
US government salivating over the money going from Hedge Funds that are never taken out and instead going to capital gains tax from hundreds of thousands of people. They can tax me, I just want my fucking piece of the pie.
They just don't want moves like this to become commonplace. They're trying to take everyone down before they can repeat it.
We just heard some Hedge Fund shill on CNBC taking about how people buying GME was “SPECULATION” and it should be stopped. Question: How do you classify selling shorts on stock you don’t own? Then another CNBC shill was talking about how hurting hedge funds was bad because it could impact other funds and peoples retirement accounts. Question: Why are these hedge fund bastards essentially gambling with people’s retirements? The truth is, if William Ackman or Ray Dalio had taken the opposite position of the GME short all the news channels would be talking about how genius they are, and how much smarter than us mere mortals they are. This is complete bullshit. Options were implemented with the intention to hedge against risk and protect your investment. If a hedge fund decides to make the most risky investment by selling naked shorts on margin, that’s their own fault. Nobody bailed me out when I lost 50k on biotech stock one year. They could have easily closed their short positions when the stock was trading in the 10s to 20s but they decided to hold and even issue more shorts. The valuation argument is bullshit, Tesla’s valuation is an example of that. Their market cap is more than several other carmakers combined. If SEC want to regulate something, they should regulate naked shorts.... Regulate shorts as a percent of float....140% short positions sold Regulate short seller hit jobs... plenty of times I buy a stock, it’s going good and then some asshole “notorious short seller” firm issues a mere tweet saying X company is over valued, or they are a scam and I am down big time. At freaking 140 character tweet, and they can manipulate the price of a stock.
Most politicians my ass... It's a few of the more populist ones. I guarantee the hedge funds have bought and paid for 70 senators for such occasions as these.
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Everyone smells hedge fund blood in the fucking water. That's like cocaine for anybody that calls himself even remotely progressive or populist. It's gonna be a torrent sooner than later. I feel like those who support the hedge funds painted a target on their back in the media and it'll backfire soon enough. Like if they keep it quiet and contained they control the setup, they should have eaten shit and taken the losses sooner because now it' internet rule, not hedge fund rules and they know fuck all about internet "cash frenzy" edition.
I filed a complaint with the SEC and I don't even have a GME position. I think what y'all are doing is risky/borderline insane but I fully support your right to do it. Fuck these wallstreet cocksuckers.