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Well the media of course has their own ties too. And it's not the 30 year old part-time trader from Reddit that pays the salaries of the reporters...
They have accepted it is a dirty system. Mocking young investors is an easy path the Boomer audience will be receptive to. They better get a reasonable investigation and some justice. What they wont get is their money back so in the end it's hard to imagine an acceptable outcome. DFA has been summoned by Congress. I am glad he and others have documentation this started as a fundamental play and not a pink sheets hype campaign.
Well. A fancy new turn of events.
So we've seen the usual stuff.: short ladders, media manipulation, blaming retail investors for manipulating the market etc.
Then we've seen the really dodgy, downright illegal stuff: shutting down retail investors from buying. Limiting options to sell only. I'll add falsified short interest numbers here, though there is no proof of that, only a lot of speculation.

But today is a new one.
https://www.reddit.com/r/wallstreetbetst...l_freewsb/
So basically, some old admins from years ago have taken over WSB. Kicked out the recently active moderators, brought in their own moderators with accounts made in the past days etc. And of course are deleting any post saying anything about this. It's an internet coup! How exciting!

Two options:
1. One (or some) of the old admins smelled money due to the publicity, the talks about a movie, every media wanting to interview "WSB" etc. (the last is a bad idea. The retardness is so strong you can't put it on air! Big Grin ) So they figured, hey I could cash in on controlling WSB!

2. The shorters are still majorly screwed and figured that buying WSB might just be their way out.
Depends who's short numbers you believe. They already got killed for sure. I think further damages will be mitigated as the new money Reddit dries up. I see no major run higher. We shall see. I'll check out your link. Somebody is getting some heat behind the scenes.
(02-04-2021, 10:07 AM)fenders53 Wrote: [ -> ]Depends who's short numbers you believe. They already got killed for sure.  I think further damages will be mitigated as the new money Reddit dries up.  I see no major run higher.  We shall see. I'll check out your link.  Somebody is getting some heat behind the scenes.

Ohh yeah certain hedge funds definitely got killed during these past few weeks. Hopefully Robinhood too. 
But indeed it does look like the party is over. Too bad, I certainly had ridiculous amounts of fun with this.
(02-04-2021, 11:36 AM)crimsonghost747 Wrote: [ -> ]
(02-04-2021, 10:07 AM)fenders53 Wrote: [ -> ]Depends who's short numbers you believe. They already got killed for sure.  I think further damages will be mitigated as the new money Reddit dries up.  I see no major run higher.  We shall see. I'll check out your link.  Somebody is getting some heat behind the scenes.

Ohh yeah certain hedge funds definitely got killed during these past few weeks. Hopefully Robinhood too. 
But indeed it does look like the party is over. Too bad, I certainly had ridiculous amounts of fun with this.
Other than brand destruction Robinhood's loss is probably confined to margin losses fro those who walk away.  Fear of that had something to do with their sudden rule changes.  The sacrificed their customers to save themselves.  They didn't have to capital to allow such loose margin trading.  They got hit with the perfect storm.  What percentage of their daily trades involved stocks almost certain to lose minimum 50% of value within days?  

Don't confuse any of the above with feeling sorry for them.  I do hope we get to see some of the particulars involved soon.  It's likely to hurt future spec trading with tighter rules.
There’s a ton of people on Reddit that say they put their students loans, life savings, etc into the “movement.” There are going to be a lot of pissed off people when it tanks


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(02-04-2021, 02:21 PM)chascornell Wrote: [ -> ]There’s a ton of people on Reddit that say they put their students loans, life savings, etc into the “movement.” There are going to be a lot of pissed off people when it tanks


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I've only been reading Reddit for about a week.  The diamond hands rant was absolutely cringeworthy.  I saw the outcome coming that day.  They can be as pissed as they like.  If you are gullible enough to go all in on internet hype then you learn your lesson.  They didn't do the DD.  They jumped in 50-100X higher than the founders of "the movement".  They got their face torn off just like I did in 2000.  I recovered and I hope they don't make the same mistake again. They can play the victim card or they can learn how speculation works.  Greed followed by fear in this case.  Many warned them when GME was at 200+.  They weren't hearing it.
+55% right now

rocket, rocket, rocket, rocket, rocket, moon, moon
(02-05-2021, 10:05 AM)crimsonghost747 Wrote: [ -> ]+55% right now

rocket, rocket, rocket, rocket, rocket, moon, moon
We knew the deceased feline rebound was coming lol.  If my "sources" are correct the short % dropped from about 140% to 40% and now probably double that again.  $400 days are probably gone but it will probably be a traders dream for a good while yet.  It was down $3 like 20 minutes ago LOL.
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