Trading 212 protecting the rich

a reply to: wheresthebody

Webull pulled gme

a reply to: RickyD

This is just crazy, the situation is changing so rapidly that my head is spinning.

It feels like there's a light at the end of this tunnel, I just hope that it isn't a freight train...

I am seeing some major events unfolding today all because the spoiled rich brats can't take it when their game is played by anyone but themselves. They can't lose, they actually get bailed out to the tune of billions, (and us plebs get $600 a year) and now that the people have figured out their scam, they want to take their ball and go home.

I say let them burn to the ground. The People will make things right.
This may be the catalyst to "The Great Reset" that we have all been seeing.

Buckle up, stay safe, and perhaps stock up on essentials.

a reply to: havok

and buy some NOK maybe, it's still cheap if anyone will sell it... hah

These are crazy times, and I have a feeling that they are only going to get crazier...

a reply to: pr0ph3t

www.abovetopsecret.com...

I still have a bad feeling about the stock market

A lot of us woke up with zero money in our account. I wasn't investing very much, but I have a lot friends who lost tens of thousands of dollars, some lost 6 digits, over night.

a reply to: pr0ph3t

Do not mess with GenX, We are usually pretty quiet but you mess with Gamestop, Nokia, AMC, and Bed Bath and Beyond the gloves come off! LOL

We are also the ones burned in 2008 and we hold a grudge!

From story on Bloomberg News:

Robinhood, which attracted millions of new users last year as individual investors poured into the market during pandemic lockdowns, restricted transactions on those stocks and others, the brokerage said Thursday in a blog post. Interactive Brokers said it wouldn’t allow clients to take new options positions in names including AMC, GameStop and BlackBerry Ltd.
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Traders were quick to express their frustrations over a platform that touted easy access and democratization of Wall Street. Robinhood user Justin Foley, 25, of Philadelphia, had put in orders for GameStop, Nokia Oyj and AMC last night.

“Now it’s just sitting in a queue,” Foley said. “I am scared of pulling out the orders and then Robinhood opening back up and then I miss the opportunity. I will be really upset. It’s supposed to be a free market, and Robinhood taking it into their own hands seems wrong.” He’s considering moving to Webull, a Chinese competitor.

Upside. Down. CLOWN WORLD.

"Customers consider moving asset accounts to Chinese competitors to avoid unfair market restrictions"

As Baron Rothschild once put it, "the time to buy is when there's blood in the streets.". I genuinely feel we are not far off from that.

SOURCE ADDED BY STAFF
www.bloomberg.com...

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Posting work written by others

a reply to: SleeperHasAwakened

Webull is also blocking....

This is something Liberals and Conservatives can both come together on...

What the exchanges are doing... is TRULY UN-American... or maybe... its VERY American...

Them blocking buy orders for all these securities is an assault on US citizens. We get our money robbed from us by billionaires and millionaires daily... when they use massive piles of cash to short stocks the common man is longing... take all our money... buy the shares all back and quadruple their cash...

Now the every day citizen can do the opposite...

Which btw.. was what the market was built for...

and we are being handcuffed....

If anything comes out of this.... it should be this..

Making "Shorting" illegal.. its an immoral concept and goes against the spirit of the market

originally posted by: butcherguy
I just read on Twitter that the Robinhood app has stopped trading on GME and AMC.

I love this feeling of an impending Revolution in the air.

I hope the island they plan to abort to flips over.

Just a heads up if anyone is looking for a broker that isn't on the take. Fidelity is open for business it appears. No restrictions on any stocks I could see.

originally posted by: JAGStorm
a reply to: SleeperHasAwakened

Webull is also blocking....

I haven't confirmed but will take your word on it.

In any case I have a few responses to that.

Number one, on the surface, seems like a stupid move on Webull's part; what better opportunity will there be to capture market share than right now, on this issue.

Number two, and I feel like puking in mouth as a type this, but I would praise any trading platform, Chinese or otherwise, that would make a stand and refuse to halt GME transactions or similar assets.

Number three, last and most important, perhaps the final pillar of Western society CCP hasn't co-opted and seized control of is financial tech. When you realize that, you understand why Webull won't and cannot take a stand on this. They will do the same as what Robinhood and the rest do, fall in line, or the exchange data and trade info feeds and ability to transact, etc, will be cut off. Period.

a reply to: SleeperHasAwakened

www.slashgear.com...

Robinhood, WeBull and others are down, it’s not just you
Robinhood, WeBull and other brokerages are down for the count, right now, thanks to extreme volatility in a wide variety of stocks across several markets. If we’re looking at GameStop and AMC, we see massive market manipulation and calls from regulators to stop trading altogether. If we look at cryptocurrencies like Bitcoin and Dogecoin, we see a bit more of the same.

Not surprising.

Multiple lawsuits already being filed. I even saw one class action out of NC I think it was.

originally posted by: RickyD
Multiple lawsuits already being filed. I even saw one class action out of NC I think it was.

The question is will this be the catalyst that causes real change?

Why is it ok when the ultra rich do it but when the little guys figure it out it's a no go?

a reply to: JAGStorm

Had they just not been greedy this wouldn't be happening...140% of GMEs float...come on, someone was going to take that money. They just didn't think some nobody youtuber from reddit would be the catalyst that sparked a David vs goliath bloodbath.

Saw this on Facebook:

"If you guys haven’t been following the GameStop Stock #-Show, you really need to look into it. This is #ing hilarious.

Allow me to catch you up.

So this hedge fund called Melvin Capital wrote out some douchey article about how the smart investment move would be to short-sell GameStop stock. To put it simply, short-selling is essentially gambling that a stock’s price will drop. If it does, you make money. If it doesn’t, you end up paying out money for however much it goes up.

Well, this little article that Melvin wrote pissed off a dark, dank corner of the internet called Wall Street Bets. WSB is a hive of Ritalin-addled lunatics who treat the stock market like a #ing casino. These dudes will regularly gamble their life-savings on a single trade. It’s a glorious thing to watch.

The WSB crew has a weird fascination with certain stocks. They call them “meme stocks.” Tesla is one, AMD is another, and GameStop, arguably, is the most weirdly beloved meme stock. So for reasons that make sense only to the degenerates on WSB, Melvin trying to short-sell their meme was a declaration of war.

Yes, this is dumb. But it gets so f*****g hilarious.

WSB decided to do a “short squeeze.” This is when you see people trying to short a stock, so you buy up that stock, and you get a bunch of other people to buy up that stock. With each purchase the price actually goes up. Since Melvin was trying to short the stock at a price of $20 per share, WSB wanted to get it as high above that price as humanly possible.

They got it up to $200 per share.

This means Melvin has to cover over $180 per share they bought. This came out to billions. #ing. Billions.

Melvin Capital, over night, was suddenly facing bankruptcy. Think about that. A bunch of self-identified degenerates on a #ing website were able to tank a f*****g hedge fund. That’s hilarious.

Well, the rich and powerful don’t like seeing us plebeians f*****g with one of their own. So Point72, another hedge fund, teamed up with a few other little funds, and they injected around THREE BILLION into Melvin Capital to keep them from spiraling. Essentially this meant the billionaire hedge fund crew were banding together to fight back against Wall Street Bets. And WSB just said “okay, no problem.”

Today the stock for GameStop is at $320 per share.

Melvin Capital lost all of that three billion they were given. It’s gone. They’re still f****d. Point72 gave a little over a billion of that injection, and that means that fund dropped from 17 billion to 16 billion. That means in less than 24 hours WSB managed to all but ensure one hedge fund will die and drop the value of another by 6% so far.

And remember, WSB are just a bunch of jackasses on the internet. They aren’t hedge fund guys, they aren’t millionaires or billionaires. This is literally being done by morons with a phone app coordinating to ruin billionaires’ lives because they can.

What we’re watching here with GameStop stocks is a bunch of rich people who are getting f*****g wrecked, purely for entertainment, by the kind of middle-class and poor people they regularly lobby against and treat like this. This “eat the rich” via phone app. It’s “damn the man” with a meme-stock.

It’s f*****g beautiful.

And because whoever is writing our reality lost all sense of subtlety after 2020, the icing on the cake is that the app the WSB crew are using to pull this off is a stock-trading app called Robin Hood. Yeah, as in steal from the rich and all that jazz.

G*d****t, I truly love living in the future."

I edited the words I think are bad I can't ever tell what word is a bad word and what isn't. It's arbitrary as hell.

Look at this nervous hedge fund/Wallstreet pimp at 6:59. This is so obvious. Does he have a solarium at home or what? His skin doesnt look human 😆 POS!