Free Republic

what think ye, fellow amd beeches and wannabees? :)

Something bad is about to go down at Robinhood.One day after the company drew down on its bank lines and obtain a $1 billion rescue capital investment, the company found itself in lockdown mode, allowing just a handful of shares to be bought at a time, effectively shutting down in all but name (it couldn't risk another day of furious public outcry and massive client departures if it blocked trading completely).However, just before the close, things got downright surreal when in a blog post the broker - which should probably change its name from Robinhood to Suit - made a...

Google appeared to remove nearly 100,000 negative reviews for the Robinhood app after outraged investors bombarded the stock-trading startup with complaints. Amateur traders urged each other online to leave negative reviews for the app in the Google Play Store after Robinhood froze trading on shares of GameStop and other stocks whose prices have exploded this week. The campaign appeared to work — Robinhood’s Android app had a one-star rating based on nearly 275,000 reviews on Thursday, according to a screenshot captured by 9to5Google. But that number had fallen to just over 176,000 by midday Friday as Google apparently purged the...

The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, the video game retailer, have climbed more than 900% since the start of the year after members of the Reddit community WallStreetBets banded together in an effort to push the stock higher. The campaign pushed a stock worth $19 at the start of the year to as high as $482.85 on Thursday. Gains by retail investors have come at the expense of sophisticated investors like Melvin Capital and Citron Research,...

I remember despising the 2015 movie The Big Short for its cavalier representation of what was truly terrible carnage. Like many, the 2008 shorting of mortgage stock, and the pooling of solid mortgages with garbage ones, was devastating on the economy, and upended people’s lives. This is probably why what they have sought to do to us during the pandemic hasn’t completely taken me by surprise; I have already been chewed up by someone’s idea of gaming system.Between 2008-2010, my husband and I had lost two residences, our jobs, and our lives were reduced to our two dogs and what...

The rules here are simple: Heads Wall Street wins, tails you lose.For those who haven’t heard, there’s a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the company’s already low stock price would just keep going lower. The traditional way to...

Rush Limbaugh on Thursday pointed to GameStop stock as the latest example of Washington elitists coming after ordinary Americans. Shares of GameStop, a video game retailer, have soared in recent weeks, going from $17.08 to $347.51 at Tuesday's close. Brokerage platforms such as Robinhood and TD Ameritrade restricted trading on Wednesday and Thursday following an unexpected surge in trading volume of various stocks. Limbaugh said the move was made to protect hedge fund billionaires, per Fox News. "Folks, it's not just political now. The elites are bent out of shape that a bunch of average, ordinary users have figured out...

Google Deleted Negative Robinhood Reviews & Paul A. Gosar -- R from Arizona -- Demands an Investigation Into Wall Street colluding with Big Tech The full list of stocks Robinhood blocked today is circulating the Internet. Wallstreetbets vows to send these stocks to the moon. Robinhood and other brokers will allow users to trade these stocks on a limited basis. American Airlines $AAL AMC $AMC Blackberry $BB Bed Bath & Beyond $BBbY Castor Maritime $CTRM Express $EXPR Gamestop $GME Koss $KOSS Naked $NAKD Nokia $NOK Sundial $SNDL Tootsie Roll $TR Trivago $TRVG See Full List...

Wall Street giants are calling foul after having been beaten at their own game by a bunch of guys on the internet. It's hard not to cheer. Sometimes heroism has a name, and sometimes — well, at least once — that name is u/ronoron. In recent weeks, users of a Reddit message board called r/WallStreetBets decided that they would like to do something they'd tried to do often in the past: mess with a big hedge fund trying to short a public company. In this case, they wanted to mess with the hedge fund attacking GameStop, the debt-mired retail chain...

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,...

If you have been following the Wall Street rebellion being led by Internet Trolls on Reddit, you might appreciate this...A lot of these retail traders were using the App Robinhood to drive up the price of Gamestop, today Robinhood suspended buying of the stock, but allowed selling...Reddit went crazy and guess what, in no time a class action lawsuit has already been filed in the Southern District of NY.....just incredible..

Recent events have thrust the practice of selling a stock short into the spotlight. With companies like GameStop (NYSE: GME) and AMC Entertainment Holdings seeing their shares soar as the result of short squeezes, everyone's getting an education about the dynamics of short-selling and how it actually works. In this latest short-selling controversy, many investors have been confused by the sheer level of exposure that short-sellers have to certain stocks. For instance, GameStop recently had short interest that exceeded 100% of its available shares. That left many investors completely gobsmacked -- but there's a simple explanation for how situations like...

Trading app Robinhood on Thursday restricted buying or trading in GameStop stock along with several other formerly obscure stocks that are spiking following a scramble of social media driven trading activity this week. The popular stock market app informed users that they could close out positions on the highly volatile stocks but could not purchase additional shares.

On the back of disappointing earnings from Facebook and Netflix, AAPL stock dipped into its earnings release, but as the company's stellar results just showed this may have been a bit premature, because Tim Cook's company just reported blockbuster earnings including its first ever $100BN quarter, around in its iPhone 12 release quarter.Here are the details:Q1 Rev. $111.44B, beating expectations of $103.12B, and up 21%from $91.8 billion Y/Y. This, as expected, was the company's first ever $100BN+ quarter.Q1 EPS $1.68, beating expectations of $1.42, and up 35% Y/YQ1 iPhone Revenue $65.60B, beating expectations of $60.33BQ1 Products Rev. $95.68B, beating expectations...

Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk. GameStop surged 50% in extended trade after Musk tweeted “Gamestonk!!”, along with a link to Reddit’s Wallstreetbets stock trading discussion group, where supporters affectionately refer to the Tesla CEO as “Papa Musk.” “Stonks” is a tongue-in-cheek term for stocks widely used on social media. GameStop’s after-hours surge added to a 93% jump during Tuesday’s roller coaster trading session, with the videogame retailer’s stock propelled by traders on Wallstreetbets,...

The small investors on the r/Wallstreetbets subreddit (which has 2 million subscribers) and other sites are taking part in a conscious collective effort to drive the prices of these stocks up--most famously GameStop. Many fund managers short sell stocks as a hedge and/or speculation. But if the price goes up to fast, short sellers get stuck and have to cover the short position by purchasing the stocks outright. This causes upward pressure on the prices of stocks.Here is a list of stocks with the highest percentage of short positions compared to eligible shares.Note: The price is unpredictable and the stocks...

The U.S. Congress is in the process of approving a new stimulus package designed to counteract the damage from the COVID-19 pandemic. Pledging to spend $900 billion on stimulus checks, unemployment benefits, and other perceived benefits for both companies and the American people, this deal is set to help people get through the late stages of this practical nationwide lockdown. If this bill would have emerged a year ago, it would have been the most expensive spending bill in American history. But of course, that record was set by the $2.2 trillion stimulus package passed by Congress in March 2020....

A usually reliable source informs me that the Walmarts in the area are doing land office business. Something like 50% more than normal, with one store having over double expected. I don't know of any specific news that would drive this, perhaps the smelly Walmart shoppers are prepping for a long Dark Winter?

House Speaker Nancy Pelosi's husband has placed up to $1 million worth of bullish bets on Tesla stock, the politician revealed in a financial disclosure form last week. Paul Pelosi, who runs an investment firm, bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022. He spent between $500,001 and $1 million on them on December 22. The call options give him the right to buy 2,500 Tesla shares at $500 each at any point before they expire in March 2022. That may sound like a fantastic deal with...

S&P 500 3,851.85 +52.94(+1.39%) Dow 30 31,188.38 +257.86(+0.83%) Nasdaq 13,457.25 +260.07(+1.97%) Russell 2000 2,160.62 +9.48(+0.44%)