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oldsoftie

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

Reply to Miguelito Loveless (Reply #58)

Fri Jan 29, 2021, 08:46 AM

Jan 2021

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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