Posted on 01/28/2021 1:50:14 PM PST by Brookhaven
Reports are coming in that Robinhood, the stock broker app, is forcibly selling shares of GameStop on behalf of some of its users. The transactions cannot be canceled and it is being positioned as mitigating “unreasonable risk” on behalf of the company as well as the investor.
Billionaire hedge funds have been taking a huge hit after a Reddit group started buying up GameStop shares in an effort to counter a massive amount of short positions. This prompted a “short squeeze” that sent the stock skyrocketing. As the dominos fell, GameStop reached a high of over $400 dollars per share, more than 10,000% higher than its low point earlier this year.
Now, it appears Robinhood and other brokers are cutting the losses of the billionaires by limiting the gains of small investors.
(Excerpt) Read more at noqreport.com ...
Dennis Moore
Dennis Moore
Steal from the poor
And gives to the rich
Stupid bitch
— Monty Python
The judge will be for sale to the highest bidder.
Hope the Robin Hood folks made enough money to buy the judge!
It’s such a rigged game. I wonder what carveout congress will give the hedge fund guys in order to stay on top.
Opened at 265, closed at 193.6 and Robinhood forced sold this persons position during the one minute time-slice which was the low price of the day. Unless this was somehow some kind of margin position that was being called, I just do not see how they could legally do this.
It’s a new platform: Xitrade
Unauthorized taking of funds by little guys must be put down
Robinhood hit with class-action lawsuit after restricting GameStop stock
It’s a shame Robinhood is privately held. If it was a public company, I would short their stock right now. That company is dead. They just haven’t noticed yet. I imagine they will lose close to 100% of their customers.
The Democrats, upon realization that Trump was winning brute force cheated and didn’t care who knew it. Now these people, up against hard reality, Brite force cheat and they don’t care who sees it.
It really is past time to start slapping people around.
“Halt a stock, change the price,liquidate clients stock portfolios without their permission, cutting option prices in half while the the stock was halted, misrepresenting option prices, manipulating option prices to induce bad trades, it was absolutely unbelievable. I took photographs of my trading pages today for the lawsuits that must be coming.”
Good luck. read the history of Jon Corzine and the shareholders and account holders of MF Global.
The pages of fine print that people don’t read when they sign is there for a reason - to protect Elite Swamp Finance.
Did Robin Hood step in and prevent you from losing money as well?
Bkmrk
This is criminal.
Big boys tried to F the little guy, not sure it worked out.
Big Boys are PO’ed little guy has same access to info they cornered for years.
will see
They are toast.
As far as I know, there isn't a thing wrong with a squeeze being used to hammer short sellers. At the institutional level, it is done with impunity.
Looks like Robinhood got taken out behind the Sherwood Forest woodshed by the Sheriff of Nottingham.
Fraud Resident
Fraud Stock
What’s next?
They are being made to fall on their sword in order for the hedge funds to staunch the bleed imo.
There’s no way they can pay out the costs in damages.
The question is what shares will remain in whose hands after the illegal activity is done with, including when the courts speak.
Clearly. Citi, IBG, Webull too. Wonder who the Sheriff was?
Gee ya think welcome to 2021
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