Anyone see the crazy stock market moves lately? (Reddit etc)

[ajaxlepinski]

Robinhood will pay off the right people and they will get away with it... just like Goldman Sachs and JP Morgan in 2008.

[facefirst]

Robinhood blocking the purchase of this stock while only allowing the sale of this stock should result it Robinhood no longer being in business.

That was an outright betrayal and obvious gaming of the system back in favor of the select few in our capital market, which is supposed to be a free capital market for all intents and purposes where the purchase and sale channels are both open.

We are watching how quickly roaches scurry to regroup when the light comes on.

Despicable.

I cashed out my stocks with Robinhood yesterday. Shady fuckers.

[***1776***]

Robinhood will pay off the right people and they will get away with it... just like Goldman Sachs and JP Morgan in 2008.

Not exactly, your talking 2 different type of brokerage houses - Goldman and JP are the elite of Wall Street, the biggest brokerage dealers and with some of the biggest funds around, they have plenty of wealthy and uber rich people as clients. They are powerful and influencial on the street. Robinhood deals with a smaller client (on the average) they may have some rich people of course but overall its a different customer, we shall see what comes out of this

Speaking of the stocks GME is now around $60 a share as i type, it was in the $300 range just a couple trading days ago!

[ajaxlepinski]

Robinhood will pay off the right people and they will get away with it... just like Goldman Sachs and JP Morgan in 2008.

Not exactly, your talking 2 different type of brokerage houses - Goldman and JP are the elite of Wall Street, the biggest brokerage dealers and with some of the biggest funds around, they have plenty of wealthy and uber rich people as clients. They are powerful and influencial on the street. Robinhood deals with a smaller client (on the average) they may have some rich people of course but overall its a different customer, we shall see what comes out of this

Speaking of the stocks GME is now around $60 a share as i type, it was in the $300 range just a couple trading days ago!

Yes, Goldman and JP are the elite of Wall St but, it all depends on how much spreading around money perpetrator has.
Staying out of jail didn't bankrupt any of the Wall St firms but, it may bankrupt Robinhood.... time will tell.

[nightflameauto]

The people that own majority share of Robinhood may not be Goldman level elite, but Citadel isn't exactly a little guy either. They've got plenty of wealth and influence to keep their baby out of too much trouble unless the public starts calling for heads to roll. In which case they'll likely have some grand renaming scheme or another and keep right on trucking.

[***1776***]

HOLY SHIIIIIIIIIIII


AMC

[facefirst]

HOLY SHIIIIIIIIIIII


AMC

I almost bought some last week but was on vacation and forgot. It makes sense that it went up. They just got a ton of capital plus with theaters reopening there's going to be money being made. Hindsight is 20/20.

[***1776***]

HOLY SHIIIIIIIIIIII


AMC

I almost bought some last week but was on vacation and forgot. It makes sense that it went up. They just got a ton of capital plus with theaters reopening there's going to be money being made. Hindsight is 20/20.

Ouch

I have made a couple bucks but there are some people who are making LIFE CHANGING sums of $$ on this play, (pay off debt, weddings, etc) its unreal how much the stock has moved and how quickly it has moved, holy shiiiiii

[Maddnotez]

RIP


I made a little off GME, paper handed with AMC (or both) and got out.

Im a rookie and have no idea how the shorts work. I figured it was over.

People seem to think BB is next? Might dump a little into that.

[Pepi]

I have a gut feeling the time to move to CASH is now. When all these new policies hit home things will not be so good

[Maddnotez]

I have a gut feeling the time to move to CASH is now. When all these new policies hit home things will not be so good

Cash will soon be a thing of the past.

[BroSlinger]

I have a gut feeling the time to move to CASH is now. When all these new policies hit home things will not be so good

Cash will soon be a thing of the past.

He doesn't mean actual "cash". He means going to money market, stable value, or some type of short term bond instrument.

[clipless bumper]

Are you sure? I thought he meant he was going to put it in his mattress...

[Ostinato Rubato]

It's a new world.

[Maddnotez]

I'll hold your bags.

[Dave]

With Pepsi he could actually be talking about driving to the local bank branch, asking Sue for his life savings, and returning home to stuff it in the mattress.