Latest Breaking News

Decoy of Fenris

(1,954 posts)

53. It's not a pump and dump. Retails are being encouraged to hold at all costs no matter the price.

Thu Jan 28, 2021, 06:15 PM

Jan 2021

The goal is to make the 'squeeze' hold as long as possible to maximize damage to the hedges. With 3 bil in damage to only one such hedge fund in the past 48 hours, I'd say they're doing quite well. As it stands, retails are continuing to hold despite the today's lockdown.

As an investor on CNBC mentioned in an interview, "They don't care about the money. It's just a game to them. They're in it for the squeeze on Wall Street".

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

70 replies

= new reply since forum marked as read

Highlight:

Robinhood App Hit With Lawsuit After Trying to Shut Down GameStop Uprising [View all] demmiblue Jan 2021 OP

This is a fascinating story where a group of young people through reddit blew up shorts that still_one Jan 2021 #1

The rest of Wall Street is gazing into their martini glasses C_U_L8R Jan 2021 #18

They were playing their own game, but this time they came up "short" still_one Jan 2021 #19

Unless Robinhood was ordered to do so for legal/regulatory reasons, they should have to answer BusyBeingBest Jan 2021 #2

"For whose benefit are they doing this?" -- You win the rhetorical question of the day prize! PSPS Jan 2021 #6

The problem is not the "shorts" but rather PaulnFortWorth Jan 2021 #15

Completely agree! jmbar2 Jan 2021 #17

It isn't the Redditors, I'll tell you that much. Decoy of Fenris Jan 2021 #27

There's no market manipulation on Reddit's end, nor intent to make money. Decoy of Fenris Jan 2021 #24

I really hope that's the case jmbar2 Jan 2021 #31

Of course there are people willing to throw everything into it, too. Decoy of Fenris Jan 2021 #33

#FuckZuck mezame Jan 2021 #29

Martin Shkreli did almost that to a company I owned many shares of. oldsoftie Jan 2021 #43

not to mention the poltical ramifications DonCoquixote Jan 2021 #66

If these tactics are going to be "off limits" Miguelito Loveless Jan 2021 #3

Agreed--I don't know much about the market, but it seems hinky that BusyBeingBest Jan 2021 #4

All of these tactics are ways of making money Miguelito Loveless Jan 2021 #8

Exactly Grimelle Jan 2021 #39

I'm sure the food industry will love you for that jmowreader Jan 2021 #62

Agreed. Miguelito Loveless Jan 2021 #63

+1 Mosby Jan 2021 #65

Tax all the trades MacKasey Jan 2021 #5

Yep! Miguelito Loveless Jan 2021 #10

My husband and I buy and sell stocks using charts. marie999 Jan 2021 #20

The safest, sanest method for investing Miguelito Loveless Jan 2021 #49

The average S&P return is about 14% a year. marie999 Jan 2021 #52

The S&P has returned an average of 7% per year Miguelito Loveless Jan 2021 #59

Ten cents a share? Thats insanity. Good lord. oldsoftie Jan 2021 #41

I was thinking more like .0010 MacKasey Jan 2021 #46

At least something like that wouldnt really affect small investors. oldsoftie Jan 2021 #47

Puts an end to all of the computer generated trading Miguelito Loveless Jan 2021 #48

The way we let the stock markets run is insane HariSeldon Jan 2021 #51

It would put an end to ALL trading. Its ridiculous. Dont punish the small investor. oldsoftie Jan 2021 #54

It would put an end to frequent trading Miguelito Loveless Jan 2021 #58

See my post #55 referring to what another poster brought up. nt oldsoftie Jan 2021 #60

To add, Sen Warren's tax idea mentioned above would get the HFTs. oldsoftie Jan 2021 #55

Agreed Miguelito Loveless Jan 2021 #61

I'm definitely ALL for banning shorting. Especially on a large scale & small company stock. oldsoftie Jan 2021 #64

They're already taxed Polybius Feb 2021 #69

It's not just Robinhood bucolic_frolic Jan 2021 #7

The fat cats didn't win so change the rules ? lunasun Jan 2021 #9

And we have the winner! GulfCoast66 Jan 2021 #11

Well, we all know who is in charge of the government NOW, oldsoftie Jan 2021 #44

It isnt just Robinhood, a lot if not all the brokerages are doing it. Mr. Sparkle Jan 2021 #12

Stash will be joining the lawsuit game shortly. bbernardini Jan 2021 #13

The little guys outsmarted the hedge fund managers. Politicub Jan 2021 #14

both AOC and ted cruz have called for a hearing rdking647 Jan 2021 #16

Cruz and AOC are in agreement. Dr. Strange Jan 2021 #26

I'm not a finance guy, but can someone tell me why we shouldn't ban Shorting of Stocks? maxrandb Jan 2021 #21

I don't get it either--because there's no way these short sellers aren't BusyBeingBest Jan 2021 #35

To me, buying a stock is like placing a bet. CaptainTruth Jan 2021 #38

not at all DonCoquixote Jan 2021 #67

I agree. But the people who DO it will tell you its an "important part of a vibrant market" oldsoftie Jan 2021 #45

Worst of all I suspect there could be other reasons bucolic_frolic Jan 2021 #22

There were other brokerages shut down? Renew Deal Jan 2021 #23

About a dozen shut down specifically those trades Redditors were targetting. Decoy of Fenris Jan 2021 #30

Ally was down until about 2 pm today bucolic_frolic Jan 2021 #32

Yeah, it was brokerages protecting vulnerable shorts from being driven while GME is locked down n/t Decoy of Fenris Jan 2021 #34

Read an article a couple of months ago that the reason the market and reality weren't synched up Hestia Jan 2021 #25

...and as a result: EarthFirst Jan 2021 #28

To me it's hilarious when Wall St folks say a bunch of people buying a stock is "manipulation." CaptainTruth Jan 2021 #36

If you openly say on a public-accessible forum, I'm buying this legal product, you should too-- BusyBeingBest Jan 2021 #40

New reports coming in of multiple class action lawsuits pending against throttling brokerages. Decoy of Fenris Jan 2021 #37

I, for one, like seeig the huge short sellers get the shit beaten out of them. oldsoftie Jan 2021 #42

it's still pump-and-dump parasitic bullshit even if it's the little guy who does it paulkienitz Jan 2021 #50

It's not a pump and dump. Retails are being encouraged to hold at all costs no matter the price. Decoy of Fenris Jan 2021 #53

I just saw that the short squeeze quadrupled the price paulkienitz Feb 2021 #70

It is a way of fighting back for the little guy... Demsrule86 Jan 2021 #56

Too many of you aren't getting it RainCaster Jan 2021 #57

Great post, thanks intrepidity Feb 2021 #68