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

Rather then being Gamergate 2, this should be called Holocaust 2
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itskaon said:
wow ive never seen this before lol this is a perfect representation to what Occupy wallstreet did, nothing

but these past few days are different we actually hurt them this time
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Actions speak louder than a shitty cardboard sign my dude. If the first month of this year has taught folks anything it’s that if you want to scare the elites, you walk up in their church and take a massive shit on their carpet.
 
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LurkTrawl said:
Aaaaand there's the excuse not to actually do anything about the bullshit her, and her entire echelon of society's paymasters are pulling.

I'm sure Ted would've said it himself when it came to it were AOC not enough of an airhead to have fired first. None of these assholes will ever fuck over a system that landed them their positions, no matter what horseshit they spew to the contrary.
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Zodiak doesn't care. He was going to object to the electoral college. He has beaners to vote for him and enough money to not care what the jews in the NE USA think. He was also one of the few to call out big tech during the election.

I'm sure he's just as happy as the rest of us to burn everything to the ground.
 
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>The entire system decides to fuck me, specifically, because I've been a bad, bad goy

Oh god I'm a fucking retard I'm not at all a cool smart investor guy fuuuck, I'll never be the wolf of wall street I'm such a stupid fucking goooooooy

>Because wallstreet shit its own pants to keep me from making maybe 300 dollars, confidence in the stock market is completely fucking shattered and normies are flocking to Coinbase, pumping my crypto

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CivilianOfTheFandomWars said:
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We have the likes of Ted Cruz agreeing with AOC on this - is this the unity Biden promised, can America heal now, united against a common enemy?

Jokes aside it really makes one think that 99% of people realize the hedge funds need to bleed for this and yet we somehow still lack the power to win this fight if this blatant market manipulation has the desired effect and the greedy je- uhh wall street gangsters get their necks out of the rope.
 
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Stoneheart said:
MY money is on much bigger shit going on... they saw the writting on the wall with the lawsuit and just ended robinhood in to save other, bigger investments they had.

Its not to bad for the people in charge of robin hood, they will get a pardon after the midterms so they are a couple of month max in a comfy high end prison.
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The more I see, the more I suspect that RH was taking the opposite side of trades against its own customers.

Someone said earlier that half of RH accounts owned GME. If you're the brokerage seeing that come through, and you either can't match the trades or think you found a weak hand, you could take the sell side against your own clients. This is "ethical" when you're a market maker... but RH is not. They might also do it if you have other clients with chunks of shares they want to offload, so you match them before going to open market... but RH doesn't. (And that is a potential conflict of interest.)

So what happens when you want to execute the buy order but have no sellers and no respect for your customers? Maybe you buy some GME on margin and sell it to your own customers at a higher than market price. Maybe you fake the trades altogether with the expectation the price drops and you clear it with cash.

Or maybe you take up a short position on your own account using the info you've collecting on your "irrational" customer's buying behavior.

And when you get caught out at $420 because you didn't believe in the diamond hands, maybe you hit the panic switch and forcibly sell off all those positions down at $150... to yourself, covering your own short position, or doing a cash clear on the small transactions you never actually executed which have become liabilities.

This isn't an idea out of a fanfic, places like Goldman Sachs get caught taking the other side against their customers from time to time, once they get big enough. RH isn't big like GS, but it is "big" in the specific market case of "retailers doing GME trades".

Can't say that it actually happened here, but forcibly selling a customer's property--their stock--is about as desperate as you can get. The only worse step would be bailing themselves out using customer cash balances. Watch for a funds freeze next.
 
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Donker said:
Stake has to me the most dodgy fucking broker. Just literally logs everyone off, doesn't let anyone log back in or if they do, they can't cancel, buy or sell then decides to randomly complete and sell their stocks while ignoring limits.
Read the replies, absolute shitshow. People have lost tens/hundreds of thousands of dollars today because of it. This company is going to get sued into fucking oblivion.
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That's what bankruptcies are for. As long as the SEC doesn't bar someone from trading, they'll be back in six weeks. And if the SEC does ban them from trading, their wife/brother/child can likely still trade, so they'll just act as proxy.
 
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