Reddit Trolls Wall St. Hedge Funds, Buying Up GameStop Stock

[Occam's Banana]

https://twitter.com/JackPosobiec/status/1354787878249885696

 

[Invisible Man]

It's already back up to 285.

 

[Invisible Man]

Kind of reminds me of the money bombs.

 

[69360]

Now if that isn't prohibited market manipulation, then I don't know what is. Especially since I read somewhere that Robinhood is backed by one of the hedge funds that bailed out Melvin Capital.

Somebody is getting fined for it. The hedge funds and bankers don't care, They pay the fines and life goes on.

GME back up to 300 this is wild.

 

[Gaius Marius]

Somebody is getting fined for it. The hedge funds and bankers don't care, They pay the fines and life goes on.

GME back up to 300 this is wild.

That's what's wrong with Wall Street. Nobody goes to jail anymore. Just pay a fine, disgorge some profits, and go back to reckless investing that endangers the financial system for the Average Joe Six Pack and use the proceeds to funnel dark money to a presidential candidate in the early stages of dementia. If the Banksters had been criminally prosecuted after the 2008 GFC and jailed, then that might have sent a message to the next generation of MBAs.

 

[Invisible Man]

That's what's wrong with Wall Street. Nobody goes to jail anymore.

Is that really wrong?

Should insider trading and market manipulation be illegal? It seems to me that it can play an important role in the market, if all parties are prepared to invest with the knowledge that the behaviors will be allowed and could occur.

 

[69360]

They don't even hide it anymore. It's obvious what just happened. The hedge funders got robinhood to halt trading on $GME, tanked the price so they could buy on the dip to cover their positions which expire tomorrow. Sure they will have to pay a fine for this in the future when SEC investigates, but they just saved their asses.

 

[Krugminator2]

That's what's wrong with Wall Street. Nobody goes to jail anymore. Just pay a fine, disgorge some profits, and go back to reckless investing that endangers the financial system for the Average Joe Six Pack and use the proceeds to funnel dark money to a presidential candidate in the early stages of dementia. If the Banksters had been criminally prosecuted after the 2008 GFC and jailed, then that might have sent a message to the next generation of MBAs.

I mean... Wut? On so many levels, I have no idea how people get these ideas in their heads.

First of all, Hedge funds played zero role in causing the financial crisis. Secondly, making bad bets is legal. Why would the hedge fund manager who shorted the stock go to jail? And you want to know who also practiced terrible risk management? All of the hodlers who are getting blown up right now.

 

[69360]

I mean... Wut? On so many levels, I have no idea how people get these ideas in their heads.

First of all, Hedge funds played zero role in causing the financial crisis. Secondly, making bad bets is legal. Why would the hedge fund manager who shorted the stock go to jail? And you want to know who also practiced terrible risk management? All of the hodlers who are getting blown up right now.

Because most likely the hedge fund managers conspired with robinhood TD etc to halt trading and drop the price so the hedge funds could cover their shorts. If this isn't blatant manipulation, I don't know what is.

 

[Brian4Liberty]

Is is comforting to know that Pelosi, AOC, Yellin and pretty much the entirety of the establishment say “something must be done” because a stock was driven up rapidly by small investors communicating on the internet. It’s so good to see their concern for investors (hedge funds) that lost some money.

And the solutions are long overdue. Shut these upstarts down on social networks. The brokerages must stop them from buying the stock. File some charges. Arrest some of these $600 investors and especially the people who encourage them. This is insurrection.

This will solve all of the problems here. Social justice will be served.







/s

 

[Occam's Banana]

https://twitter.com/business/status/1354838148342312965

 

[Occam's Banana]

Is is comforting to know that Pelosi, AOC, Yellin and pretty much the entirety of the establishment say “something must be done” because a stock was driven up rapidly by small investors communicating on the internet. It’s so good to see their concern for investors (hedge funds) that lost some money.

Actually, AOC is saying that "something must be done" in opposition to the Robinhood purchase blocking, rather than on behalf of hedge fund investors.

Ted Cruz agrees with her:

https://twitter.com/tedcruz/status/1354833603943931905

 

[Brian4Liberty]

Some of the small Robinhood investors have said that they used their stimulus checks to invest (often with leverage). Who knows how many of them did that? The government keeps sending money out to everyone, and they are spending it. Is it a problem all of a sudden that some of them played in the stock casino?

And likewise, a certain percentage of people threw that stimulus money into Powerball and Mega Millions lottery tickets. Where is the outrage over that? A fool and his money are soon parted. Maybe regulation can solve that problem. Fools would like that solution, as in reality, regulation is often a new way to separate even more fools from their money.

 

[Invisible Man]

Some of the small Robinhood investors have said that they used their stimulus checks to invest (often with leverage). Who knows how many of them did that? The government keeps sending money out to everyone, and they are spending it. Is it a problem all of a sudden that some of them played in the stock casino?

And likewise, a certain percentage of people threw that stimulus money into Powerball and Mega Millions lottery tickets. Where is the outrage over that? A fool and his money are soon parted. Maybe regulation can solve that problem. Fools would like that solution, as in reality, regulation is often a new way to separate even more fools from their money.

Related:
"Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan would make the stock market bubble even worse"
https://markets.businessinsider.com...ate-the-stock-market-bubble-2021-1-1029995954

 

[Brian4Liberty]

Actually, AOC is saying that "something must be done" in opposition to the Robinhood purchase blocking, rather than on behalf of hedge fund investors.

Ted Cruz agrees with her:

https://twitter.com/tedcruz/status/1354833603943931905

Ah, thanks for that correction. A TV news discussion was very vague and lumped AOC in with Pelosi and Yellin. I suppose their point was that all of the politicians agree that this is a job for them. A stock goes into a bubble, and it’s like Pearl Harbor.

Edit: And I agree. Brokerages saying you can sell but not buy, or vice versa, is blatant market manipulation. And who is buying when only “selling” is allowed? The brokerages? Their hedge fund buddies.

 

[Brian4Liberty]

Related:
"Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan would make the stock market bubble even worse"
https://markets.businessinsider.com...ate-the-stock-market-bubble-2021-1-1029995954

Lol. Certainly related.

The legendary investor Jeremy Grantham warned investors during a Bloomberg interview that the $1.9 trillion in federal aid President Joe Biden is seeking from Congress would further inflate a bubble in the stock market.

The GMO cofounder told Erik Schatzker that he had "no doubt" some of the federal money would end up in the market. He said the "sad truth" about the last federal coronavirus relief package enacted in 2020 was that it didn't increase capital spending and didn't increase real production but certainly flowed into stocks.

So he is upset if people put stimulus money into the market? How about lottery tickets? Is that a problem?

If the stimulus goes into the market, perhaps all of the other measures to prop up the market can be ended. Let’s start with raising Fed rates from nearly zero, and the Fed can stop buying debt and stocks too.

 

[Invisible Man]

So he is upset if people put stimulus money into the market? How about lottery tickets? Is that a problem?

I don't know if he's upset. But he sees it as a factor to consider when weighing investment decisions. He believes the stock market is in a bubble that will pop, and that the effect of the stimulus will be to inflate it more before it does.

If the stimulus goes into the market, perhaps all of the other measures to prop up the market can be ended. Let’s start with raising Fed rates from nearly zero, and the Fed can stop buying debt and stocks too.

What we have is both/and.

I'd be for neither.

Regardless, investment decisions should account for the reality.

 

[Krugminator2]

Brokers restrict tickers all the time. Usually it is restricting shorting but sometimes they are restricted outright.

The same people complaining about Robinhood managing risk are the same people who would whine and call for jail time if Robinhood blew up over this.

Robinhood saved their customers buying this stock a lot of money today by not allowing stock to be purchased. The odds of the stock falling today were roughly 100%. Brokers aren't dummies. Their customers who would have blown up left and right if they let them open.

 

[Occam's Banana]

Actually, AOC is saying that "something must be done" in opposition to the Robinhood purchase blocking, rather than on behalf of hedge fund investors.

Ted Cruz agrees with her:

https://twitter.com/tedcruz/status/1354833603943931905

AHHHH-HAHAHAHAHAHAHA!!! What a frickin' clown show ... <*me: munches some more popcorn*>

https://twitter.com/wokal_distance/status/1354856351827038208

https://twitter.com/AOC/status/1354848253729234944

https://twitter.com/AOC/status/1354852019023052801

 

[oyarde]

silver swung as much as 1.81 today , up then back down .US economy contracted in 2020 by 3 1/2 percent , worst since 1946 with only a 4 percent growth in 4th quarter with the Christmas bump . Biden is hard at his terror war on energy while pushing 2 more trillion in debt on stimuli. makes no sense that silver would be below 26 .