I'm sure money was paid to shut down that discord. Just like I'll ban anyone here for $50 or a share of GME.
It's concerning to me that the 1% are trying to spin this against the working man. Why the hell is it okay for them to come down on normal people for legally buying stocks, and how is it legal? I saw that the trading app stopped trading of those stocks. To me, that's WAY more concerning than what these people are trying to spin.
The counter attack against reddit has been well coordinated. The financial shows are all shit talking, systems are not filling buys only sales, and the reddit wsb was shut down last night. It's a dog fight at the moment. I believe a big portion of the shorts are due next week and they are fighting for their lives.
Good. Fuck them. Any time something like this happens, the façade drops and we get to see who really controls this country. Kind of like when the Blazers go up 1-0 on the Lakers and suddenly the whistles come out.
So ties between Robinhood and big hedge fund linvestors are starting to surface. Robinhood was a darling company in wsb and people have been anxiously waiting to meme it on ipo. Looks like it might get anti meme status, this is going go kill any ipo plans they had, wsb will crush them for revenge if the go public. There are already plans of a mass migration out of Robinhood
There are already people selling their position to leave robinhood, that's why prices are going down. El Pres for example.
I kept and will keep my position in the short squeeze stocks (except Blackberry, which I should have held on to but I was bleeding too much and I panic sold). Everything else has been sold. Still holding AMC, NOK and Dodgecoin
It could, but its more likely these hedge funds call in more favors. They've probably made some moves to protect themselves during these "glitches" the past two days.
There is NO set time when an investor must sell a short. An investor can hold on to a short as long as two conditions are met. And the broker lending the investor the money to buy the shorts alows the investor to keep the short. 1) the investor has the funds to pay the broker any interest when due, and any fees. 2) If the stock increases in price, the investor must have the liquid funds available to cover the increase. I'm not in the market now, on either side. But hope all of you make a $billion, and pay the taxes due on your profits.
Depending on when they bought, the downside is tiny. In the case of GameStop, the price when all this started was like $2 a share. It's now getting up close to $100 a share. Not everyone can participate in the peak of the market, as each sell off will reduce the price, but everyone who got in early can net a profit on their original stake considering how low it started.
