Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
GME / AMC please watch
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Why Wall Street will ultimately win this battle:
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Robinhood's parent company, Citadel, is apparently heavily in on the shorting of Gamestop. People on WSB are filing SEC complaints in droves and are organizing class action lawsuits. It'll be interesting to see how this all plays out.HoustonHusky said:Wall Street fights back more...forces Robinhood to restrict trading on certain stocks.
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Citadel = Modern day Dean Witter. Master at front running trades.BCoveysLifeInsPolicy said:
Robinhood's parent company, Citadel, is apparently heavily in on the shorting of Gamestop. People on WSB are filing SEC complaints in droves and are organizing class action lawsuits. It'll be interesting to see how this all plays out.HoustonHusky said:Wall Street fights back more...forces Robinhood to restrict trading on certain stocks.
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lets all wish RH luck in their upcoming IPO.
edit: holy shit, 2020 is fucking nuts:
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Get em AOCrodmansrage said: -
Robinhood/Citadel should be fucked because they locked out half the trade...ie they allowed you to sell but didn’t allow you to buy. If that isn’t market manipulation don’t know what is. If they had just frozen trading on the stock they might have had more legal cover.
But we live in a banana republic and they bought off the treasury secretary so they will get a slap on the wrist sometime in the distant future and meanwhile Citadel’s short positions along with a bunch of other Wall Street firm’s short positions have gotten bailed out bigly on the back of the average joes. -
When do people get to their breaking point?
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No one cheered on the fraudulent and unethical pumping of the markets over the last 4 years more than this fucking dork.doogie said:
Also, RH is dumb af for doing this because you have to know your user base. But it’s not the first time and not the last time it’s happened. I’ve been caught holding the bag on a couple similar Gme-types in the past that got delisted or restricted. It’s a known and assumed risk. Don’t be the one left holding the bag.
It’s only a big deal today because it’s happening to thousands of newb traders all at once. Same as people freaking out when wsb went offline last night, thinking it was something nefarious. Wsb goes offline every fucking month. The mods are a bunch of drama queens who do it for the clout when they reopen it so they can post stupid fuckin Jordan Belfort “I ain’t leavin!” Memes. -
i cannot wrap my head around this, but, here we are.
