bigpoppa
Well-known member
they also did this with people who werent buying on margin, with their own money, not borrowed
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Stocks
- Thread starter Boots
- Start date
they also did this with people who werent buying on margin, with their own money, not borrowed
Still need more info to confirm. If I buy gme with cash but something else on margin, they are allowed to liquidate everything to cover the margin
bigpoppa
Well-known member
From a reputable source:
You can read the whole thread if you want:
In any event this is some shady ass ****
If taken at face value, and that is actually happening, that isn't just shady... there is no way that isn't ten different kinds of illegal. Which is why I find it hard to believe - I don't think anybody would have a reasonable expectation of getting away with it. Especially not when you've issued receipts for it! That will be pretty difficult to dispute in court
bigpoppa
Well-known member
These guys are gonna pay out peanuts in court, or get a slap on the wrist at best, like HSBC laundering drug money, they'll pay next to nothing in fines, and chalk it up as a business expense, with no real consequence they'll have little incentive to change
and round and round we go
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For Robinhood...
Is it possible (plausible, likely.... pick your word) that these orders to buy were never actually properly filled and the sale was just to cover this up, balance the counts...?
Is it possible (plausible, likely.... pick your word) that these orders to buy were never actually properly filled and the sale was just to cover this up, balance the counts...?
bigpoppa
Well-known member
good for you, at this point I would find kilo's of coke to be a better investment
Like the old saying goes I spent most of my money on hookers and blow. The rest I wasted.
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D
Deleted member 50930
Guest
I suspect the gig is up on those particular stocks. Interesting developments for sure. Can't say I have a whole lot of sympathy for the hedge funds who were probably in a naked short position. Someone's going to be left holding the bag when those share prices come back to earth.
bigpoppa
Well-known member
might have to buy a maga hat after this
bigpoppa
Well-known member
While I applaud short-seller hedge funds getting burned ...
... and I applaud scrutiny on trading platforms for putting limits on little traders that aren't applied to the big ones ...
Someone's going to be left holding the bag, and GME WILL come crashing down. It's Russian roulette. The company isn't worth what its market evaluation suggests. Mind you, neither is TSLA, and it's far from the only speculative bubble out there.
I don't own any of it, and I am okay with that.
... and I applaud scrutiny on trading platforms for putting limits on little traders that aren't applied to the big ones ...
Someone's going to be left holding the bag, and GME WILL come crashing down. It's Russian roulette. The company isn't worth what its market evaluation suggests. Mind you, neither is TSLA, and it's far from the only speculative bubble out there.
I don't own any of it, and I am okay with that.
Anyone that remembers dotcom will understand this... overvalue crash...
BUT, sadly people look at things like Tesla which is also massively overvalued (about 70 to 80 times fundamentals), they do not see the walls coming down and can't help but think "I don't want to miss out again." Bitcoin is not helping this out either.
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