GameStop (GME) Stock Surges Amidst New Board, Short Squeeze [Read Threadmarks]

[Mr. Genuine]

The best thing about all this is that is completely exposes the bullshit about a "rising tide lifts all boats."

Well, here we see a stock succeeding and the wealthy are mad about it. But normally they want you to believe that a good stock market is "good news" for the economy as a whole.

It is ALL complete and utter bullshit.

 

[Deleted member 5596]

Well, game over.

I knew something would happen, free market is fine, until billionaires starts losing money against common people.

 

[Y2Kev]

This is definitely bullshit.

 

[Lobster Roll]

Not gonna link to anything related to him, but Dave P, the same guy who does Pizza reviews and has an enormous following and a huge brand has tweeted that he will "burn Robinhood to the ground". Knowing how loyal that userbase is and how wide-reaching it is, Robinhood is gonna have a shitty day.

 

[xyla]

Given the extremely heavy load and deluge of new users they may have been screwed either way. I imagine RH couldn't guarantee that they would be stable and figured it was better to be in a situation where their users could sell what they have safely rather than having everything fall apart under heavy load and having users get stuck with worthless shares they couldn't sell in time for technical reasons. As far as they're concerned it's better for their users to have theoretical losses rather than actual losses

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That might be it, but it's weird that there's more than one app stopping the trades.
Also the wording they are sending out is important here.

The message they are sending is basically: "We think you might not know what you're doing, so we're gonna stop this for you" not "To enable you to sell when you want, we had to make the hard decision to limit buys today. Good luck everyone"

It's a big difference.

 

[FantasticMrSnake]

Revolut just let me buy at 265.., let's see

 

[kai3345]

cant even open robinhood now. very cool

 

[Hootie]

 

[caringchronicles]

They are also manipulating the Reddit threads with bots by distracting users with spam to buy other stocks. They are instilling fear and confusion in any way they think they can, but don't fall for it y'all. Cashapp and WeBull are still allowing trade of AMC. Cashapp doesn't have GME on their platform.

 

[Anacaona]

Here we go Boyz. Do not sell.

 

[dmr87]

cant even open robinhood now. very cool

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They are about to feel the wrath of the internet.

NAKD and SNDL popping off, can't block em all.

 

[Keyser S]

This will be a roller-coaster

 

[Ryuelli]

Nothing says Robinhood like letting the rich steal from the poor.

 

[Garryk]

Halted out the gate

 

[gothmog]

Didn't Citron/Melvin close their positions already on this? I feel like the masses are woefully uninformed on this whole thing.

 

[xyla]

Seems like it's already recovering. Good luck everyone.

 

[FlashFlooder]

Nothing says Robinhood like letting the rich steal from the poor.

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Their entire business model allows for Citadel (one of the largest hedge funds out there) to front run their customers' orders. The name is a great marketing gimmick, that's all.

 

[Eggiem]

Seems like it's already recovering. Good luck everyone.

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Dont worry, nobody can buy it.

 

[Couleurs]

Such fucking bullshit that they don't halt it during the 20% immediate drop, but DO halt it when it gets back to 300.

 

[Keyser S]

Didn't Citron/Melvin close their positions already on this? I feel like the masses are woefully uninformed on this whole thing.

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That was misinformation

 

[FlashFlooder]

Didn't Citron/Melvin close their positions already on this? I feel like the masses are woefully uninformed on this whole thing.

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They came out and said this, yes. Not sure I'd take them at their word.

 

[Anacaona]

So they halted the stock now? Suspended on webull

 

[RecRoulette]

Everyone today

 

[xyla]

Dont worry, nobody can buy it.

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Trading is halted already?

 

[NeonBlack]

Trading is halted already?

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Halted on open

 

[big_z]

All the wsb stocks are going to tank. Hedge funds are desperate. There's going to be a massive uproar over this move to block stock purchases. Straight up manipulation. Won't be surprised if they're forced to reverse for next week and hopefully there's enough people willing to refuel the rocket.

 

[Lobster Roll]

They are also manipulating the Reddit threads with bots by distracting users with spam to buy other stocks. They are instilling fear and confusion in any way they think they can, but don't fall for it y'all. Cashapp and WeBull are still allowing trade of AMC. Cashapp doesn't have GME on their platform.

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Such fucking bullshit that they don't halt it during the 20% immediate drop, but DO halt it when it gets back to 300.

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Everything happening is so bald-faced. I have no skin in the game myself, but I really do hope that people call their representatives and senators following this. People need to be brought up on corruption charges.

 

[Eggiem]

Trading is halted already?

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GME and AMC yes

 

[bounchfx]

Used robinhood for over 5 years now there locking out me doing anything from amc and the stock appears frozen nice.

 

[NMNR]

Majority of these Web based platforms have investors in the background. Those investors have their own funds.

This is pretty rigged and outrageous.

Cmon the average Joe!!

 

[Garryk]

These level 2 feeds are hilarious

 

[Kalor]

Unfrozen and quickly climbing again

 

[Deleted member 5596]

Everything happening is so bald-faced. I have no skin in the game myself, but I really do hope that people call their representatives and senators following this. People need to be brought up on corruption charges.

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Nothing happened when Lehman Brothers collapsed, nothing will happen after this.

 

[LetsEatSnacks]

Yeah, I dropped 200 into Robinhood yesterday evening with 100 split on Nokia and AMC. Woke up this morning super excited only to see they decided to cancel my orders (which really pisses me off because I did it before the markets opened). Funny enough, I have 1 share of Bed Bath & Beyond because it was my free share when I signed up for the app. I think it was valued at 5 dollars then and now it is at 40 something. So, I guess a penny for my troubles or something? Lol

 

[Barzul]

Used robinhood for over 5 years now there locking out me doing anything from amc and the stock appears frozen nice.

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Switching to WeBull over this.

 

[Keyser S]

GME already back to 320

Hedge funds tried their best, and not enough

KEKW

 

[Vilam]

Naked (no, not NAKD), blatant market manipulation. These scumbags couldn't be any more transparent.

 

[teseR]

And here we go.

 

[Keyser S]

350

 

[Ephonk]

rising, 350 now

 

[kai3345]

halted again lmao

 

[Couleurs]

Rofl, immediately halted again once it went back into the green

 

[Ryuelli]

Jesus, GME is recovering quickly. 350 already.

It's been a wild morning y'all.

 

[Lobster Roll]

Hahahaha out of the hole instantly

 

[dmr87]

1k moon shot.

 

[mattlikewhoa]

I looks like the scare tactics didn't work... it's back up to where it was yesterday.

 

[SxP]

Imagine saying last week that RobinHoob was willing to kill their entire platform to save hedge funds.

 

[Keyser S]

They just made everyone angry and more aggressive

 

[Ephonk]

And AMC 16

 

[Taco_Human]

Joint the Webull train. Is there anyway to transfer stock? Probably not right?