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

ChiChiBoom said:
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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Are you serious? So they haven't suspended trade on their platform, they're just refusing to allow retail investors to buy???

That's black letter market manipulation. WTF!

So the lawsuit just transformed into a potentially infinite class action. Epic level retardation.
 
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WinchesterPremium said:
They gave a reason, the reason being that the stocks are incredibly volatile at the moment. Its probably more of an excuse than anything but they at least have their backs covered.
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They've never done this before with similarly volatile stocks, although the scale was obviously smaller. Doesn't that indicate that this is clearly being done to manipulate the market?
 
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WinchesterPremium said:
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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WeBull is one that's getting mentioned on WSB a lot.

In the current "containment thread" for this, there's a stickied mod comment asking people to not leave negative reviews in app stores for RobinHood's app. It's going over about as well as you can imagine.
 
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WinchesterPremium said:
They gave a reason, the reason being that the stocks are incredibly volatile at the moment. Its probably more of an excuse than anything but they at least have their backs covered.
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WTF has that got to do with them? Unless the SEC or the Fed hands down a directive they have no business deciding what is and isn't 'volatile' (whatever that means).

They have one job, place buy and sell orders for their customers. What kind of world are we living in where a stockbroker can refuse a trade because it's 'concerned about market conditions'?

The only reason they're doing this is because they've been told to by the market makers on Wall St. Once the writs start flying (and they will) and they have to start handing over their emails we'll find out how corrupt and shady this is.
 
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I love how this is such a blatant case of Class Warfare and Bougie Class Solidarity. They're fine completely fucking us in the working class for decades, accept bailouts while millions lose their homes and now they're quickly moving to "nooooo shut it down" the moment the wealth actually starts "trickling down". WSB and /biz/ did more than Occupy ever did in actually threatening these fucks.

I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 (£51,157 2021) and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.
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— Karl Marx
 
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Least Concern said:
WeBull is one that's getting mentioned on WSB a lot.

In the current "containment thread" for this, there's a stickied mod comment asking people to not leave negative reviews in app stores for RobinHood's app. It's going over about as well as you can imagine.
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Why wouldn't you leave a negative review? The app wouldn't let me buy the stock I wanted for arbitrary reasons. They don't even show up in the search options. It is failing to deliver, and giving a negative experience.
 
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The Dick Faggotson said:
Image taken from @HTTP Error 404 post in different thread

View attachment 1877690


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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Hmmm.... A kilogram of prepacked chicken breast tenders costs $11.00 AUD right now at one of our big supermarket chains
woolworths tendies.png


Convert to USD that equals $8.41 per kilo of chicken tenders. With $23.6 billion USD you could purchase 2,776,470,588 kilograms (rounded down) of these chicken tenders with a couple of bucks left over for a coke.

Thats a lot of fucking tendies these wall street guys won't get to eat.
 
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Boo hoo hoo, I'm such a poor working class amerimut that I'll buy some stonks for $5 000. Boo hoo hoo, see how poor I am sitting in my suburban home, driving my tesla, buying my stonkies for stimmy money and defending my property with a glock. I'm so poor, I'm getting attacked by the media, antifa and the rich. Won't even let me buy stonkies worth thousands of dollars. Boo hoo hoo...
 
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ChiChiBoom said:
Why wouldn't you leave a negative review? The app wouldn't let me buy the stock I wanted for arbitrary reasons. They don't even show up in the search options. It is failing to deliver, and giving a negative experience.
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Covering their backs. If they brigade for negative reviews Reddit has a decent reason to shut the subreddit down, and there is enough spergs that will try that.
 
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Bosmadden said:
WTF has that got to do with them? Unless the SEC or the Fed hands down a directive they have no business deciding what is and isn't 'volatile' (whatever that means).

They have one job, place buy and sell orders for their customers. What kind of world are we living in where a stockbroker can refuse a trade because it's 'concerned about market conditions'?

The only reason they're doing this is because they've been told to by the market makers on Wall St. Once the writs start flying (and they will) and they have to start handing over their emails we'll find out how corrupt and shady this is.
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Were you in a coma since 1990 and just woke up now? What about anything you typed was a reflection of current year +6?
 
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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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Their TOS let them prevent you from buying any stock at any time. They could even shunt your account with no warning. You don't get free trades for nothing.
 
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