/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

WinchesterPremium said:
View attachment 1877635

Robinhood cucked?
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Of course they did. Why am I not surprised?

If they already own the stocks, couldn't they still trade them on other platforms or is this a mass de-platforming (for lack of a better term) from the bigwigs and Robinhood is merely the most visible example?
 
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So let me get this straight: Wall street panics and every platform bans stock trading on Gamestop because? A hedge fund says so?

Who are they to say what we are willing to pay for a stock? This if anything shows how manipulative Wall Street is and how every trading platform does what they are fucking told.

So what is next? The SEC is going to tell us we arent allowed to trade stocks that THEY think are over valued?

Oh man, Wall Street is just fucking asking for day traders to unite and fuck them up the ass with no grease.

If half all the day traders united against Wall Street, they would have enough clout to ruin Wall Streets number one money spinner: shorting
 
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Senior Lexmechanic said:
You are a fucking retard. Doing that would be worse than a thousand GME bubbles exploding at once. It would be an open, naked, and blatant declaration that the stock market is a tool to line the coffers of the banking class with the wealth of every single other class, and that all the regulations and laws are just so much vapor before this purpose, and would be equal to said traders spitting on the SEC and saying "clean it up, peon". It would anger literally everyone, both the common people, and the government. The former would walk away from the market en masse, causing deflation unlike anything seen previously. The latter would bring down a reckoning not seen since Uncle Teddy busted the trusts, and no amount of bribery could save them, because they will have forced the interests of the government and the interests of the market into direct cross purposes.
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Never heard Theodore Rex called Uncle Teddy but now that's two based Uncle Teds.
 
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<notfinanicaladvice>
What do you bet Elon is going to use this to hype Tesla?
Users on platform with money they can't spend... oh wait, but this cool nerd's stock is here, and he has been cheering us on...


I don't play the market, I don't have a source of income r/n;
but Tesla has a lot of followers, and a tweet with some outrage about this may pump his holdings.

I don't know how SEC investigations work, or if they would crucify him for that.

</notfinanicaladvice>
 
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Syaoran Li said:
Of course they did. Why am I not surprised?

If they already own the stocks, couldn't they still trade them on other platforms or is this a mass de-platforming (for lack of a better term) from the bigwigs and Robinhood is merely the most visible example?
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If you already own the stocks you can still sell them on Robinhood if you wanted. You can buy on some other platforms (not sure which ones), but mass-deplatforming has definitely been going on.
 
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Syaoran Li said:
Of course they did. Why am I not surprised?

If they already own the stocks, couldn't they still trade them on other platforms or is this a mass de-platforming (for lack of a better term) from the bigwigs and Robinhood is merely the most visible example?
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I can still find the meme stocks on E-Trade for the time being.
 
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Image taken from @HTTP Error 404 post in different thread

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And since Robinhood is cucking everybody to death now, the new theme song:

W A L K A L O N G T H E R A Z O R S E D G E
 
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ChiChiBoom said:
Blocking users from purchasing their meme stocks is absolutely retarded. It's not like Robinhood would stop you from buying anything else without researching first.
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They're setting themselves up for a massive class action lawsuit. Once the bubble bursts some of the retail investors will get hosed. What's that you say? My broker refused to let me sell my stock because......reasons, and now I've been left with a paper loss?

Tens of thousands of retail investors and plenty of ambulance chasers who'll jump all over this. RH and the other small investor brokerages that have pulled this shit have just signed their own death warrant. I assume they know this already (or are just really fucking dumb) so things must be getting very sketchy for them to agree to do this.
 
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Is there any way to move everything off robinhood or are you just completely locked on there now? Seeing the cuck message on all meme stock.
 
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Bosmadden said:
They're setting themselves up for a massive class action lawsuit. Once the bubble bursts some of the retail investors will get hosed. What's that you say? My broker refused to let me sell my stock because......reasons, and now I've been left with a paper loss?

Tens of thousands of retail investors and plenty of ambulance chasers who'll jump all over this. RH and the other small investor brokerages that have pulled this shit have just signed their own death warrant. I assume they know this already (or are just really fucking dumb) so things must be getting very sketchy for them to agree to do this.
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You can still sell though, you just can't buy any more, even if you already have some. I feel like this is to cover them against breaking the law, but I can't be sure.
 
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Toolbox said:
How is locking you out from trading for no given reason legal?
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No clue, but there's probably something in their TOS about being able to stop you from purchasing, or a legal loophole or something. I kinda don't want to believe that a large-ish corporation would be retarded enough to blatantly break the law by harming their users.
 
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