Posted on 01/28/2021 6:00:07 AM PST by Red Badger
Most of this is beyond my ability to understand, but there are other sites that say this is the little guy getting back at the hedge funds. Others disagree saying that it’s big guys getting back at each other, and, as always, it’s the little guys who will get screwed over.
In his day Robin Hood was a domestic terrorist.
;-)
When one hears/reads “racism, hate speech, white supremacy”, a number of conclusions can be reached.
1. The writer/speaker is uneducated.
2. The writer/speaker really thinks that they are intelligent, but we know the truth.
3. The writer/speaker has absolutely no argument whatsoever, but likes to pretend that they do.
4. The writer/speaker knows that in any true debate, they’d get their Obamahole handed to them.
I’m in season 4 of Mr. Robot. Life imitates art.
It’s up, I was just there. I opened a trading account but it can’t connect to my credit union, was going to but 5k of GME yesterday.
The problem here is that the losing hedge funds were unhedged. No stop losses in place if the trade went against them.
Some young people are _very_ clever, and they have quickly figured out that if the old people refuse to play fair, then young people don’t need to play fair either.
This is gonna turn into wack-a-mole, maybe for decades...
Sun Tzu—The Art of War—”Strike where and when they are weak.”
Many trading apps aren’t allowing to buy. Only closing.
Robinhood was the latest.
You are making my brain hurt. :-)
Mr. Robot was a bit un-nuanced.
Life is way more complicated....
but I give them credit for trying to explain the world of the future...
:: Of course, Reddit blamed “racism” and “hate speech” for removing the community. ::
Which effectively hid ALL evidence of “racism” and “hate speech”.
Remember folks, even though you may not like it, any form of bigotry is /protected/ under the first amendment.
Sad to say, but this is like a foreign language to me. I wish I understood it, but I don’t. Maybe some day it’ll make sense — like the day I finally understood “word problems” in arithmetic.
Most of these "kids" have nothing to lose and they say, "let it burn".
Robinhood has banned buying of all stocks that are being short squeezed. Not just AMC and GME, but EVERY ONE OF THEM - KOSS, CTRM, BB, every single one.
In a way, it’s a massive game of “chicken”.
How many times can you double down before you lose your nerve or run out of cash for the next bet?
Historically, Hedge Funds win that game.
Now, crowd sourcing has proved it can win.
Hedgies having been burned cannot play anymore without more infinitely deep pockets and nerve.
Quite interesting.
Dave Portnoy is having a melt down over this. Said several lawyers have contacted him about a class action suit
Good link—explains it well.
The point is that the system is so corrupt at all levels that it can be quickly undermined—and each flaw exposed.
Rinse and repeat—in thousands of different ways.
Everything is corrupt.
Everybody is lying.
Expose them all.
“Heads we win, Tails you lose”.
That’s a bit more explicit than a lot of the raping and pillaging that usually goes on on Wall Street.
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