To: Magnum44
The hedge funds have their mouthpieces go out on the news and talk down a stock - the target. That target has already been shorted by the hedge funds. They tried this with GameStop but the Reddit kids gobbled up the stock and drove the price through the roof (the opposite of what the hedge fund talking head on TV does). The hedge funds were literally bleeding from their stops and the Reddit kids were looking at being the Nuevo Rich thanks to the upward momentum. Robin Hood (automated trading app) shut the buy down (along with every other brokerage house) and would only allow sells (downward momentum). Now Robinhood is forcibly selling their shares. IOW, the hedge funds manipulate the market every damn day so the Reddit kids manipulated it in their own favor and the Hedge Funds got their political puppets to screw the Reddit kids. Now it's coming out that Janet Yellen has profited (to the tune of 800k) off her speeches at one of the firms that had to bail out the others and rumor has it she had something to do with the call to shut the Reddit kids down. Phew.
117 posted on
01/28/2021 4:55:28 PM PST by
liberalh8ter
(The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
To: liberalh8ter
i am guessing that there must be something illegal about what Robin Hood did? Special prosecutor anyone?
118 posted on
01/28/2021 5:04:13 PM PST by
Magnum44
(...against all enemies, foreign and domestic...)
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