/biz/ - Business & Finance

>>27022780
they are fucked if the call options are executed each contact is for 100 shares and there are more call options than they have share of the actual company they tried to bring the price down so the options wouldnt be good but no luck they committed fraud it goes way beyond RobinHood

>>27022780
10s of billions isn’t going to mean much if we all sell above 5k

>>27023128
Yeah I agree it goes way beyond Robinhood, but don’t know a lot of the specifics.
For example I was in bbby and amc weeklies and lost 90% of the value overnight.
This seems like an open and closed case of securities manipulation but I haven’t seen anyone try to really quantify it.

Bump

I've been investing in stocks for ~20 years and I've never seen so much blatant market manipulation in one day before yesterday (from the constant halts on the exchange to the brokerages refusing to accept orders to [to be fair] the reddit/4chan/twitter hype).

This is a battle that has less to do with GME, AMC, BB, BBY, et al and a more to do with which interests should set market prices (retail investors vs old guard institutional investors vs hedge fund short raiders vs regulators). Lots of shady if not down right illegal activity going down.

If you are in right now, keep holding and whatever happens you'll have standing for a future class action. If you are not in yet... think hard about it and don't invest anything you're not prepared to lose in the short term.

The unprincipled selling of securities on the behalf of individuals is at best illegal. These actions are beyond discreditable and tarnish the public and niche reputation of brokerage services.

On top of the trade restrictions their algo manipulation is painfully obvious and should be trivial for any regulator to prove with minimal effort. This was especially clear in Wednesday AH trading before WSB was banned.
Will anything ever come of this or do they just get away with it?

>>27025913
More than obvious, and the halting does not help.

>>27025913
Here is Wednesday AH for BBBY GME AMC

>>27022780
Bump. This is a major issue and will have major implications for the markets. This might be the catalyst that precipitates another crash.

By the way I find it likely that the Biden Administration out their finger on the scale for Citadel. Meaning this will likely not go anywhere legally (they're above the law)

If anyone has enough Reddit GoodBoyPoints to post over there maybe try to get a discussion going? This really needs to be the primary thing that is focused on moving forward as it really is reprehensible and unprecedented as far as I’m aware. I don’t think it’s possible to ever recover any of the losses due to them literally not having the money to cover it, but it needs to be brought to light at least. It doesn’t seem like any NEWS organization will make a point of this.

>>27022780
Bump
This is a major issue. Will do my part

>>27028148
I recall a post about a robinhood whistle-blower saying they were called by the white house to stop gme purchasing

>>27022780
already got out of robbingjude today, moving onto schwabs.

>>27029052
we all knew its rigged and the reddit boys brought it to daylight for everyone to see now. can we talk shitcoins again now?

wall street overwhelming donated to the democrats, they are betting that they will let them off with a slap on the wrists, as long as no bailout is paid

>>27029618
That's what I am referring to yeah. I don't think brokers would have been so bold with at least some kind of tacit assurance from regulator nothing was going to happen

>>27029904
Not to get political but it's sickening to me how different that side of the aisle's rhetoric is from the reality.

>>27022780
How good is Fidelity? Is transferring my stocks and money out of RH easy?

>>27024992
Same. This is worse than 2008 which was a few fall circuitbreakers across the entire markets. Targeted, fine-tuned manipulation of a few stocks is even worse here than with pink sheets or, hell, crypto. Never seen so much fuckery.

>>27025573
It's not, though. Unless you have a special agreement with your broker, which none of these small retails have. Reread the fine print.

>>27025913
what software is that?

>>27032780
Thinkorswim by td Ameritrade. I opened an account with them just to use it

>>27031765
I sold everything on robinhood. They won't let you withdraw your cash to your bank until three business days after the sale. You can't transfer stocks directly from robinhood to another broker. This isn't crypto.

>I’m retarded so everyone else is too
Margin is for big dick gorilla niggas not pansy boiz like you
That’s why I don’t believe this fuckers who tried to shill me shittokens

>remember retards, I use fucking best poolz, I don’t need you shit

>>27032598
The saddest defense.

>>27032952
Thanks!

>>27023598
This. Pisses me off as i bought right before the halt. 66% loss.

>>27033709
So you sign agreements without reading them, got it. Stay poor and dumb, tard :^)

>>27022780
They actually exaggerated the dip yesterday. Why us the news nit talking about people having their postings force sold without their permission? Thats a huge deal way bigger than just not allowing to buy. Also so that dip we saw yesterday won't really happen today you think? I want to buy on the dip mid day but maybe won't happen

>>27031530

Neither party cares about its constituents or its country. The same is true of the majority of the parties in democratic Europe - they all only really care about the economy, and getting rich off of our backs.

Bump to keep this going, and a reminder that it is not just Robinhood, but several additional brokerages and the exchanges themselves that have been engaging in blatant manipulation.

>>27037078
Yeah should have clarified in OP

>>27024992
I already invested into Trump turning around obvious fraud because I didn't see America shooting itself in the foot. Nothing will happen and nobody will suffer for this. We live in clown world where the elites openly and arrogantly dab on the plebs daily.

>>27022780
Think of it in reverse.

Would it be called market manipulation if you removed the sell button and only put a buy button?

>>27025913
>Will anything ever come of this or do they just get away with it?
Start using alternative platforms like bitcoin if you don't want them to get away with it.
You and I know that the (((regulators))) aren't going to do anything.

>>27033610
>You can't transfer stocks directly from robinhood to another broker.
Yes you can.

>>27022780
>>27023128
Hedge funds selling off right now are making me bleed red all day today. I’m worried they’re going to try tanking the market as revenge on this to be honest desu.

>YFW you weren't a retard and signed up with a real brokerage instead of Robinhood

>>27041426
While hedge funds have more weight to throw around than any of us, they are tiny compared to the big institutional investors and pension funds out there. They can't tank the market on their own; they just have to sell off their other positions to pay for their losses caused by shorting.

>>27041719
Robinhood and the hedges are sacrifices to Moloch, the leaders will be taken care of anyways.
They'll break any law and give up any of their toys. If the market was allowed to take its course Citadel would have been liquidated and most financial institutions would have collapsed.
The reality is they stole hundred of billions from the common man, and will once again leave the taxpayers holdings the bags too.

>>27022780
The real lesson to be learned here, is BUY CRYPTO. You can't beat them in fiat territory. The only way to win is not playing their game. Opt out of fiat. The enemy isn't the hedgies, it's the fucking FED.

>>27029668
>robbingjude

bump

>>27043501
you dumdum? we rekt them already, it will get worse from here