Your thoughts on the GameStop and Robinhood debacle?

Discussion in 'The Guru's Pub' started by Airbud, Jan 29, 2021.

  1. Airbud

    Airbud Master Guru

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    If you have heard anything about stocks in the past day, it was probably about how the stock of the retail chain GameStop shot up over a thousand percent, fueled by small traders who gather online. Well, today, the price went the other way when several popular platforms blocked trading of GameStop stock. They also stopped trading of other stocks that had been skyrocketing as well, which feels like a betrayal to the very investors who had been using these platforms to power their rally.

    GameStop Corp is a down-on-its-luck video game retailer targeted by hedge fund managers who bet that the company’s shares would fall. Using an online forum on Reddit, a posse of individual investors strategized a way to fight those hedge funds...score this one investors 1, hedge funds 0. GameStop shares have soared like a rocket, while hedge funds lost billions of dollars.

    David vs. Goliath story?
     
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  2. DocStr4ngelove

    DocStr4ngelove Master Guru

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    It'll archieve nothin in the long run. The internet will just be more censored imo. The govs worldwide will make new internet laws to protect stocks against 'virtual gatherings of flashmobs with the intent to do harm to legit stocks' or something.

    They will make it legal.
     
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  3. Brasky

    Brasky Ancient Guru

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    It's nice to see the white collar criminals get a dose of their own medicine. I don't think it'll make a big difference in the long run but a spotlight on market manipulation is a good thing.
     
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  4. Kevin Mauro

    Kevin Mauro Master Guru

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  5. Noisiv

    Noisiv Ancient Guru

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    No.
    It's completely unlikely that lions would let carrions eat the injured cow, once they smell the blood.
    And once they smell the blood (using PFOF arrangements with Robinhood which tells them in advance where to point their HTF algos), bones will be all that's left for carrions.

    Using your analogy it was Goliath vs. Goliath, with David as a fig leaf.
    I am saying it "was" because Melvin Capital and Citron closed their shorts, so no more bones, just free-for-all. Which is not even free, nor it ever was.

    Meanwhile in the lawfully governed economy:
     
  6. Turanis

    Turanis Ancient Guru

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    This is the guy who started the "rally".He sold his story&image to WSJ,ofc for a price.
    [​IMG]

    Ofc,meanwhile he got this and ofc the price is very high for the gamblers&specu.Now because people are so bored and have so much money,because lockdown,
    some dude(s) think its a good ideea to make much bigger profits from noobs and stock gamblers.Now we will see who have some cash to pay the debts.
    [​IMG]
     
    Last edited: Jan 29, 2021
  7. TekkMarine

    TekkMarine Maha Guru

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    Tis all very amusing.
     
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  8. tfam26

    tfam26 Guest

    Well, it would be a good way to hide yet another massive white collar robbery and serve as one of many scapegoats for the upcoming financial collapse. *shrug*

    The way the market has swung like a milked udder during Cooties19 has proven that its more than obviously rigged and doesn't matter anyway.



    Do I even have to state how much this guy looks like an actor?

    1. As if the trigger words "basement", "stream" and "Youtube" to seem relatable, and the arm and head bands weren't enough for red flags from just reading the article...

    2. Who do you know that would pose like that for a picture that isn't being completely controlled? A guy with enough knowledge to make eff-you money by beating the system?

    3. Why isn't he streaming in this "basement" in any of his videos but instead a well lit room with a window, unless he recently moved?

    4. Is it normal for a successful investor to live in a standard Eastern US suburb and stream out of a basement? The guy is a father and there's a lot better places to raise a family especially if you're an investor/streamer who can work anywhere.

    5. What possible reason could a FATHER have to put his face out there like this after pissing off the executive level finance world? Of course, we all know they play extremely nice with people who mess with their money...

    6. Oh and his first video was from 6 months ago.

    I mean...
     
    Last edited by a moderator: Jan 30, 2021
  9. jbscotchman

    jbscotchman Ancient Guru

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    Those were my thoughts exactly when I heard about this.
     
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  10. Astyanax

    Astyanax Ancient Guru

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    i mean.... congress is already talking about asserting penalties against robin hood for apparently illegal behavior.
     

  11. jbscotchman

    jbscotchman Ancient Guru

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    Yep. How dare internet peasants try to make money.
     
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  12. Kevin Mauro

    Kevin Mauro Master Guru

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    Now I’m reading that there’s a connection between a Robinhood executive and one of the hedgefunds?

    *shrugs... guess this is why I just sell cigarettes down the block ... simpler things for a simpler time for simple men eh heh heh ... heh’
     
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