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

Harvey Danger said:
Looks like RobinHood isn't just selling shares without consent, they're forcibly selling customer's call options out from under them.

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For those who don't know the terminology, a call option is a contract you can buy that gives you the option to buy stock at a specific price, by some future date. If you don't exercise the option by its expiration, you lose the little bit of money you paid to have it; if you do exercise the option, you pay cash for the shares and get the shares at that price. You can also sell the contract itself to someone else before it expires.

The first guy basically had the option to buy 100 shares of GME at $115 while the price was around $300... and before he could choose to buy the shares, RobinHood forcibly sold the contract out of his account.

I'm tripling down on RH taking the other side of customer trades, or enabling Citadel to do so (who is now panicking). But that fucking CEO will probably come on and moan again about the clearing house not having enough shares to meet these contracts. This level of theft is fucking gross.
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It's like they want their heads removed from their bodies, and not in Minecraft.
 
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cantankerous jackalope said:
Just heard back from one of my friends working at RH, he's made his LinkedIn private and is staying in a nearby hotel for the next week or so at least. Lot of people are furious at the leadership and scared for their own safety over there. Some little guys who are completely unrelated to this fiasco have gotten some very serious threats already apparently.
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Yeah little guys don’t deserve it. If I were them I’d do everything I could to save my own skin right now.
 
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Well hell. So when wall street fucks us over its ok when we fuck them over they will do everything legal or not to stop it. This seems to me like a glastnost moment for our economic system. The real question is when they pull back the curtain and reveal nothing but concrete who'll be caught with the socioeconomic bag? But hey its as they say. All in all we are all just bricks in the wall
 
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Makes my heart warm to see this. Maybe we can recover from a generation brainwashed on "racial" vs "class".
 

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Spawn said:
Well hell. So when wall street fucks us over its ok when we fuck them over they will do everything legal or not to stop it. This seems to me like a glastnost moment for our economic system. The real question is when they pull back the curtain and reveal nothing but concrete who'll be caught with the socioeconomic bag? But hey its as they say. All in all we are all just bricks in the wall
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The problem (for them) is the current dynamic.
Suits punishing people isnt going to work this time around. To make people afraid they must feel theyre going lose something. The suits took eveeything from the common person and are threatening to be rid of them any way. Why should I be afraid what harm you re going do to me if Im already fucked? Why should I be afraid if youre going fuck me harder if I do nothing?

So punishment or restrictions are going make common people MORE aggressive.

The second problem for them is how expensive their methods of complaince are. The more they crack down the more resources they burn up.
What they want and their means to get it are not sustainable.
 
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The Wicked Mitch said:
Excellent, silver is usually underrated in my opinion.
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Slight PL:
I worked with silver in a manufacturing industry. Believe it or not, silver is considered a hazardous material. So our genius managers told everyone to dump the silver powders, etc.. into a Haz-Mat drum. They paid >$1000 to haul away a drum OF SILVER METAL.

I snagged a few handfuls and made some impromptu ingots.
 
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spinal gas chamber said:
I said this earlier in the thread but you’re missing the point. BlackBerry is now a cyber security company and not a mobility company. Been through ATL and noticed Cylance ads? That’s what BlackBerry is now.
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Bear in mind that I only spent 10 minutes researching BB, and that I suggested that whomever is interested in investing should do their own research. The fact that BB is pivoting away from devices and into cybersecurity (growth area, higher margin) confirms my initial suggestion that BB is a turnaround story. IMHO this is positive, assuming that the company has a good strategy and executes it well. I'd need to do a bit more research into BB to arrive at that opinion, though. Still not financial advice.

As for ATL and Cylance ads, I have nfi what you're on about. Soz.
 
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