Do you care if a hedge fund ate the big one?

[rsrguy]

Thoughts on the reddit whack job?

[LWJ]

Amused.

Do some risk management people.

Let them die. It’s economic Darwinism.

[onewhippedpuppy]

Nope! Part of their mo is spreading false information to artificially deflate stock values. They have seriously damaged businesses using misinformation spread through various blogs and media sources. I never have a problem with a liar getting called out.

[Arizona_928]

How about Robin hood not allowing the sell or buying of gme...

[LWJ]

^^^ I need to know more. Seems to be wrong on the first review.

[Bill Douglas]

I don't think they would cry if I went bankrupt, so I don't care about them either.

I find the whole situation pretty funny.

[Bill Douglas]

a true story for you from the wild west days of the mid 80's...

A bunch of guys in New Zealand bought a huge amount of some half arsed oil company stocks. they got two unknown actors and gave them something like twenty thousand in cash. The actors hit the town in Wellington (NZ's financial district) on Friday night partying it up and buying everyone in the whole bar drinks saying the were a couple of boys from the country working in the oil fields and had struck huge amounts of oil and were now millionaires YAY!!!! Next bar same again.

The word spread fast over the weekend and the stock prices went nuts on Monday. The guys holding the stocks sold late in the day.

[tdw28210]

Originally Posted by Arizona_928

How about Robin hood not allowing the sell or buying of gme...

They've only stopped the buying, never the selling. Now they're limiting the size of buys starting tomorrow morning. at what size? who knows? What ever Citadel allows them to offer would be my guess.

RH's whole business model is premised on monetizing their clients trades under the guise of being a "free" trading platform via PFOF (payment for order flow). Here's the dirty secret, they aren't the only ones. Virtually all (save one) of other large retail brokers do it too. But it is hard to understand/explain. This article lays it out pretty clearly, but it is more than a 3 minute read.

https://www.stockbrokers.com/guides/order-execution

[rsrguy]

Seems a little conflict of interesty to me.. But hell I don't even stay at the holiday Inn.. wtf do I know?

Haven't the big boys been destroying companies, and fortunes for decades, insider trading, and general shenanigans all using the market to do it?

Why should I care if a loosely organized nerd herd actually did what a hedge fund would have done, if it would have thought of it first?

Is this a case of we break and take your $#!t then make "civilization" and say you aren't allowed to do what we did to get ours?

Will this hurt the day trader folks just trying to earn a living?

[ckelly78z]

Robin Hood may have to pay up to many small investors who were denied access, after they were caught pandering to their big clients, and changing the rules 3 minutes before opening bell on Thursday...my son was pissed.

I was still able to play around with my Charles Schwab account.

What was exposed is how corrupt the system is rigged against the small guy, in favor of big money.

[Roswell]

lets put some data to the story...

https://finance.yahoo.com/news/losses-short-positions-u-firms-134105387.html

[Roswell]

And then there is this...

https://www.foxnews.com/politics/yellen-robinhood-citadel-gamestop-speaking-fees

[wdfifteen]

Originally Posted by rsrguy

Haven't the big boys been destroying companies, and fortunes for decades, insider trading, and general shenanigans all using the market to do it?
?

Yep. Good businesses destroyed, lives destroyed, whole communities destroyed by their greed. I’m enjoying watching them take it up the ass.

[rusnak]

Yeah who's the short guy now, eh?

[red-beard]

All of this damages the entire market. ANYONE who screws around with the market is a manipulator. It makes it that much harder.

Honestly, this is a serious problem with people being manipulated by others on the internet. The hedge funds might lose some money here, but SOMEONE is making a ton of money. And what will happen to those "little guys" when the stock corrects to a normal trading area? Lots of small people who probably can't afford it will lose money.

Joel, in a down economy, never "F" with another man's livelyhood

[Shaun @ Tru6]

Given that hedge funds played a key role in the 2008 worldwide economic collapse and no one went to jail, I'm mildly happy about it.

[Ziggythecat]

The corporate raider guys that destroy businesses are Venture Capitalists , like Mitt Romney

A hedge fund is more of a bettng house, making lots and lorts of wagers, sometimes just hoping a good % are good ones...more or less

[sc_rufctr]

I remember when "Green Mail" was a thing... So they had it coming.

And to think Geeks took them out. lol

[id10t]

Originally Posted by sc_rufctr

I remember when "Green Mail" was a thing... So they had it coming.

And to think Geeks took them out. lol

Us geek types can be rather vengeful.

For a great example, look up Alan Ralsky and what happened when 60k geeks at slashdot figured out his postal mailing address.

[Sooner or later]

It appears two online personalities that have been pumping GME by showing screenshots of huge gains are one guy. Roaring Kitty and DeepF******Value are both a guy named Keith Patrick Gill, a financial advisor that once worked for Mass Mutual.