OT: Stock and Investment Thread
- Thread starter RU05
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Because the "problem" is already being dealt with by disallowing people from buying into GME, only closing current positions. With all this artificial downward pressure, they shouldn't be able to short the stock.
My posts might not be right but I didn’t make it up. Just relaying what’s published.
I still can’t short it in any of my accounts. It says no shares available. Puts are just too expensive. Not willing to put in the time to do spreads. If the 300% margin is ture, can’t do size.
Never said there was a problem. Good for the reddit users if they make some money. No crying if they get their faces ripped off, though, either. Seems GME is available for purchase everywhere except Robinhood.
From what I read, there were three billionaires, Chewy Ryan Cohen, Chamath Palihapitiya, and Donald Foss that were involved in buying up GME. Musk also tweeted about GME. Would there been enough purchasing power to push up the price without these billionaires getting involved initially?
Now that the political establishment is largely in control of the SEC again they are going to crack down HARD on retail traders. You could see hundreds of retail investors with their accounts frozen and or jailtime over this run up. That guy with a 49M dollar GME position is going to jail, no doubt about it.
Why you may ask? This is the first time in a looooooong time that socialists, libertarians, and conservatives are all in agreement on a high visibility issue. Nothing threatens the political and financial establishment more than unity across all ideologies.
Why you may ask? This is the first time in a looooooong time that socialists, libertarians, and conservatives are all in agreement on a high visibility issue. Nothing threatens the political and financial establishment more than unity across all ideologies.
The SEC will say he was engaging in fraudulent trading activities, simple as that. You could easily concoct a case against them. They will be the fall guy for this just like Madoff was the fall guy for the 08 crisis.
I personally think the trade (GME short squeeze) was pure genius. It can only work if you can get large amount capital commitment that’s not yours and front run that money. The ability to sell it to the masses and get a few stock influencers on board was awesome.
Were they doing that before Robinhood came along though?
There are some others, but nobody here is saying you can't get it at all, we are just talking about it being blocked on Robinhood. Sure you can make a new account on a different brokerage, but I believe it normally takes a day or so for new accounts to be approved.
Socialist and conservatives are the political establishment.
I do agree that this will wake a lot of people up. If the antifa/bernie bros and qanon/trump supporters realize they are fighting the same enemy we might get somewhere.
Someone who buys 25, or 125 for that matter, shares of Gamestop is engaging in a violation of criminal statutes? Seriously?
Madoff ran a ponzi scheme that stole money from investors. A true psychopath. He was not investing. Simply paid old investors with the money that came in from new investors and cooked the books. Huge regulatory failure that this was not discovered much earlier, it just took the crisis to show him swimming without his bathing suit. He was not the fall guy for anything except his own stupidity and greed.
Index funds are definitely weighted by market cap. Look at VONE (Russell 1000 ETF). Obviously, it holds about 1,000 stocks. However, the top 10 stocks make up 24% of the fund. See link below.
Regarding the R2K index and buying up GME. I don't know how frequently they buy for their portfolio. I doubt it is daily.
Anyone?
If the individual in question is an active participant in the WSB community's f*** the man activism pump (which the individual holding $49M in shares as of yesterday's valuation is) then yes they could make that case. That person is the "leader" of the cause over there.
For the record I completely agree with you that it would be complete nonsense if the SEC does make a move on any of these people, but like I said that's where I see this headed.
That’s why I own RSP instead of SPY. RSP is equal weighted bs SPY which about 25% FANG stocks
Even worse was the fact that Harry Markopolos alerted the SEC several times from 2000-2005 with evidence/documentation that Madoff was a fraud but they didn't seem interested.
Some are market cap weighted, some are equal weighted. Whether they are buying or not depends on their own inflows and outflows. On a daily basis they will just be managing those flows to keep in line with the makeup of the index they follow. Times that by 100 different indexes and hundreds of funds/ETF's that have a product based on the index makes it hard to figure out.
Madoff fall guy for 2008? Really never heard that one. He ran a Ponzi scheme and was one of the founding members of NASDAQ and bullied their enforcement division. But he was far from a fall guy. 08 was a CMO/CDS thing something Madoff could never pull off. He feasted on the well-heeled greedy not the main stream.
Guy didn't even know how to turn on his own computer much less figure out synthetic instruments to sell to the masses.
Granted, “F*** the man” isn’t generally considered to be a strong investment thesis, but how is it illegal?
Dave Portnoy is on fire today. Saying the RobinHood guys should be in jail. He's sparring on Twitter with Mets Owner Steven Cohen......There's gonna be lawsuits after today.
correction,,,there are already lawsuits.
against companies like Robinhood, Ameritrade, Fidelty? Seems what they did today in locking up the GME and AMC stops was absolutely illegal.
Against Robinhood for halting trading, NOT against individual investors larger or small. And, pray tell, how is a reader of a public website engaged in a criminal conspiracy? I'd like to see the statute they run afoul of. And for the small investor, how their counsel wouldn't make a high probability counterclaim for costs and damages if the government was insane enough to file charges.
Robinhood should turn around and sue Citadel for pushing this. All of their order flow goes through them and don't think for a second this decision wasn't made by them and not RH
The wink twins tried to push this conspiracy theory on CNBC and it blew up in their face.
Regardless of any lawsuits, RH may be in a ton of trouble as a business. They claimed to be the open, honest option for the little people. Their actions go clearly against this and may alienate them with their customers.