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01-28-2021, 09:34 AM
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#10976 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,700
Thanked 9,390 Times in 4,089 Posts
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Citadel is an investor in Melvin Capital. Citadel is also Robinhood's biggest customer. But yeah it's definitely the little guy they're trying to protect.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer  half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | 
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01-28-2021, 09:37 AM
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#10977 | | My homepage has been set to RS
Join Date: Jan 2012 Location: vancouver
Posts: 2,447
Thanked 1,759 Times in 545 Posts
Failed 1,107 Times in 281 Posts
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If people just buy and hold. Stock price xouldngonfrom 1k to 5k to 10k!
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01-28-2021, 09:51 AM
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#10978 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,665
Thanked 15,027 Times in 6,000 Posts
Failed 2,067 Times in 692 Posts
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When you deposit your money into a platform such as Robin Hood, no one goes in thinking they are going to be FORCED to move positions in a way that the company sees fit..pretty fucking gross tbh
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Dank memes cant melt steel beams
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01-28-2021, 09:53 AM
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#10979 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
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Originally Posted by GGnoRE @Alpine, Just to be clear... I don't have any qualms about you finding it disgusting that Robinhood is not letting their clients buy GME anymore. All I'm saying is, I understand why Robinhood, as a private enterprise, is implicitly saying they would rather lose you as a client than let you participate in GME bubble and risk being at the center of a future scandal if this ever leads into one. Retail investors can always vote with their money and move to another platform. | It's an extremely slippery slope and society continues to give up one inch at a time and the establishment keeps taking a mile. I understand how this whole GME thing could be seen as stock manipulation, but why is the establishment only addressing it from one perspective? (Rhetorical question, the answer is obvious). To your point about moving to another platform. Isn't that what they said about Parler? But that got blocked from all app stores.
I understand how you can rationalize this, given that it's a private app or service (just like the other brokerages that are preventing people from buying). But this is something much larger than a restaurant restricting someone from seating someone without shoes or a shirt.
The more we rationalize moments like this, the more normalized it becomes.
This isn't restricted to Robinhood. There are many other platforms that have restricted users from buying these WSB stocks.
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01-28-2021, 09:58 AM
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#10980 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
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Originally Posted by 68style It's a free market economy isn't it? Except when it isn't, and the only time they restrict something is when it's happening in a way the 1% don't like? They didn't have any problems when the market crashed in 10 years ago letting everyone get fucked.
Who requires a trading platform to prevent people from losing money? It's never happened before, millions of people lose money every day... does Robinhood have to explain to a treasury board why?
Whatever man, you believe what you want... if you think the banking system is there to take care of people and help them you obviously work for one. Have at it. | I always believed that our economy is rules-based free market and not a complete free market. I think you and I can both agree that smaller guys would have zero chance of survival in a true free market. Rules also have to adapt to the changes in our market. I would rather support more regulations against the institutional players to make the playing field more level as opposed to the stance of: hey you let the big guys do a,b,c so let us retail investors do x,y,z.
And I get where you're coming from about the market crash and the bailout during 08-09. I also agree that the banks didn't pay a full price for screwing over the taxpayers. But the business of subprime lending and commercialization of mortgage-backed securities back then really has nothing to do with the business of retail brokerage which we are talking about right now. There was nothing that Robinhood could have done to prevent those activities from occurring even if they existed back then. Maybe you are using the term banking system loosely, and some like to think of the finance industry as a giant homogenous blob of establishment. But in reality there is a full spectrum and factions to the capital markets and its not just establishment looking out for another establishment. In fact, it would be practically hard to define which market participant is an establishment and who is not.
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01-28-2021, 10:17 AM
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#10981 | | 14 dolla balla aint got nothing on me!
Join Date: May 2011 Location: 1966 Mustang
Posts: 617
Thanked 1,979 Times in 262 Posts
Failed 268 Times in 45 Posts
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Last edited by finbar; 01-28-2021 at 10:20 AM.
Reason: pics won't load, operator error probs
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01-28-2021, 10:57 AM
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#10982 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
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i'll try to write this so it makes sense:
now that the price on these stock has been manipulated so much, would these funds that were shorting them have used this lowered price opportunity to cover their shorts therefore reducing the whole "fuck the shorts" game?
hopefully someone understands what i'm trying to say
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01-28-2021, 11:02 AM
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#10983 | | Wunder? Wonder?? Wander???
Join Date: Mar 2015 Location: vancouver
Posts: 221
Thanked 99 Times in 52 Posts
Failed 81 Times in 30 Posts
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Last edited by Blueboy222; 06-12-2021 at 07:06 PM.
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01-28-2021, 11:09 AM
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#10984 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,624
Thanked 17,308 Times in 5,785 Posts
Failed 291 Times in 187 Posts
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Originally Posted by blkgsr i'll try to write this so it makes sense:
now that the price on these stock has been manipulated so much, would these funds that were shorting them have used this lowered price opportunity to cover their shorts therefore reducing the whole "fuck the shorts" game?
hopefully someone understands what i'm trying to say | I get what you're saying... and yes it would be quite mastermindish for them to lose billions on their shorts, then create a buying limitation to induce another short to profit off a new set of shorts and cover their losses while making everyone who caused their pain lose all their money... and then to claim that they did it in the interest of protecting the public from losses.
It would be beautiful if it wasn't so corrupt.
Does anyone think it's going to lose like crazy today and tomorrow... but as people spend today and the weekend opening up accounts on new platforms that aren't currently corrupted it will resume on Monday?
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01-28-2021, 11:23 AM
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#10985 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,866 Times in 1,151 Posts
Failed 153 Times in 76 Posts
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i think its just gonna barely hold on today and tomorrow we might see some activity. if it survives till monday then things will get very interesting!
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01-28-2021, 11:33 AM
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#10986 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,387
Thanked 2,866 Times in 1,151 Posts
Failed 153 Times in 76 Posts
| https://www.reddit.com/r/ClassAction...r_information/
i know it's not proven but: "I work for Robinhood. Don't kill me.
Low-level, technical shit, comp sciences major, not finance side.
Guess what we overhead today?
Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.
File reports on the SEC page. If I wasn't scared to be out of work in a pandemic I'd quit. I'm disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed �� over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.
I'm taking a massive career risk even posting here but fuck these motherfuckers." | |
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01-28-2021, 11:53 AM
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#10987 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
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Originally Posted by unit https://www.reddit.com/r/ClassAction...r_information/
i know it's not proven but: "I work for Robinhood. Don't kill me.
Low-level, technical shit, comp sciences major, not finance side.
Guess what we overhead today?
Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.
File reports on the SEC page. If I wasn't scared to be out of work in a pandemic I'd quit. I'm disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed �� over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.
I'm taking a massive career risk even posting here but fuck these motherfuckers." | If that is real, it will be wild but its way too hard to believe... For a company that has over 1000 employees, the founder takes important phone calls from the White House in such a way that the "low level tech staff" can overhear the dialogue? The founder can't even close the door so that a low level tech can't overhear? and by White House, is he implying Biden is now involved?
Not saying it can't happen but lol...
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01-28-2021, 11:58 AM
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#10988 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,700
Thanked 9,390 Times in 4,089 Posts
Failed 427 Times in 225 Posts
| https://twitter.com/justinkan/status...3920762253315? Quote:
Just got a tip that Citadel reloaded their shorts before they told Robinhood to stop trading $GME.
If this is true, Ken Griffin and the Robinhood founders should be in jail.
This is class warfare.
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__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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01-28-2021, 12:13 PM
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#10989 | | :inoutugh:
Join Date: Feb 2008 Location: ඞ
Posts: 9,982
Thanked 5,849 Times in 1,842 Posts
Failed 970 Times in 279 Posts
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Originally Posted by GGnoRE If that is real, it will be wild but its way too hard to believe... For a company that has over 1000 employees, the founder takes important phone calls from the White House in such a way that the "low level tech staff" can overhear the dialogue? The founder can't even close the door so that a low level tech can't overhear? and by White House, is he implying Biden is now involved?
Not saying it can't happen but lol... | https://www.reddit.com/r/ClassAction...ation/gl4f1p7/
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Posted from NE 1-J W Inglis Building | |
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01-28-2021, 12:16 PM
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#10990 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
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01-28-2021, 12:20 PM
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#10991 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
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I agree that there is a conflict of interest since Citadel is a client of Robinhood for their data but the presence of that conflict of interest alone isn't an evidence that Robinhood colluded with Citadel. I'd be interested to see if there are any tangible evidence. Perhaps an investigation from SEC or congress is the only way to get to the bottom of it.
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01-28-2021, 12:39 PM
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#10992 | | I answer every Emotion with an emoticon
Join Date: Nov 2002 Location: 604
Posts: 7,954
Thanked 4,406 Times in 2,119 Posts
Failed 296 Times in 140 Posts
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GME down to $230 ... a loss of $117. if you shorted from yesterday to today, you could also be a millionaire. Either way, people win.
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01-28-2021, 02:24 PM
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#10993 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2006 Location: Vancouver
Posts: 12,074
Thanked 3,186 Times in 929 Posts
Failed 296 Times in 68 Posts
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GME $260 after hours
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01-28-2021, 02:26 PM
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#10994 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 53,367
Thanked 24,430 Times in 8,497 Posts
Failed 1,535 Times in 683 Posts
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Congress might be looking into this | |
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01-28-2021, 02:32 PM
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#10995 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
Thanked 542 Times in 291 Posts
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Robinhood is going to be turned into a scapegoat while the people behind the scenes will likely get away again. I hope this doesn't happen but I don't like the narrative that Robinhood is the primary culprit in all of this. They need to be punished since they're the intermediary, but the ones pulling the strings behind the scenes are the ones that truly need to be brought to justice.
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01-28-2021, 02:33 PM
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#10996 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
Posts: 53,367
Thanked 24,430 Times in 8,497 Posts
Failed 1,535 Times in 683 Posts
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Originally Posted by JSALES GME $260 after hours | The corruption is going to backfire on them now that people can buy again 
They just incentivized people to go all in on this. Like ACTUALLY all in
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01-28-2021, 02:41 PM
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#10997 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 6,846
Thanked 2,809 Times in 788 Posts
Failed 47 Times in 35 Posts
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I got caught up in the hype and bought a bunch at market opening, when it was high, then watched my portfolio crumble all day. I'm down about 30% at market close. Here's hoping for tomorrow to recover some of it. TO THE MOON LOL
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01-28-2021, 02:45 PM
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#10998 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,047
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
| https://twitter.com/vladtenev/status...979530241?s=20
Be cautious. Robinhood (and others, i'm sure) will only allow "limited" trading. It's just a PR stunt but we all know what that means after today.
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01-28-2021, 02:47 PM
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#10999 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
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My GME play already went 400% and I pull out yesterday. After the fuckery they did today.
I'm going back in tomorrow. Don't care about the gains, what they are doing is bullshit.
This is the real occupy wall street movement.
Honestly all it takes is for everyone of us to pitch in and buy one share and disable lending.
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01-28-2021, 02:56 PM
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#11000 | | Need my Daily Fix of RS
Join Date: Apr 2013
Posts: 282
Thanked 170 Times in 68 Posts
Failed 15 Times in 5 Posts
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Originally Posted by Eff-1 I got caught up in the hype and bought a bunch at market opening, when it was high, then watched my portfolio crumble all day. I'm down about 30% at market close. Here's hoping for tomorrow to recover some of it. TO THE MOON LOL | You're not alone. Took my profits from one of my other stocks and boarded the hype train bright and early. Profits are gone. I went in eyes open though, knowing that risk was there so I'm not too upset about it. No risk no reward.
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