01-28-2021, 12:44 PM
(01-28-2021, 12:39 PM)fenders53 Wrote:(01-28-2021, 12:25 PM)crimsonghost747 Wrote: I should add. I fully expect GME to crash to levels close to zero sometime soon. I hope it doesn't, but the reality is that the big guys often win in the end.Yup, they threw their customer base under the bus when many were likely way too invested in the meme stocks. They were all about the little investor until the chips were down. They are going to suffer for this. They should have let the SEC gradually bring this under control instead of folding to big money. Standby while another trading APP promises to never do this.
I'm just amazed by the community built around this. And I certainly hope that whatever happens, it'll cause some changes because obviously the people are not happy with how the market is being manipulated. And rightfully so.
At the very least, I expect the Robinhood IPO to erm... let's just say it might be quiet on that front for a while.
One things is for sure. This will sure piss off a lot of traders and this will come back to bite Robin Hood in the butt. It wouldn't surprise me if all these stocks run up again in the next several days. This just puts more fuel in the fire. No one one is selling but they are manipulating prices into tricking you into selling.