/biz/ - Business & Finance

[Anonymous No.27880096]

Anyone who says Robinhood did something illegal or manipulated the market is a fucking retard.

>the only broker I know of that my friend or the internet put me on to isn't allowing me to do what I want to do!
>THIS IS AN OUTRAGE.

Just go to another broker.

And if you bought GME at $80+ you actively participated in insider trading.

GME is a bankrupt company, and Ryan Cohen putting a piece of cardboard with a picture of a motherboard that you take to the minimum wage employee to build your computer doesn't take it from a one billion dollar company to a multi-billion dollar company.

Get
Fucking
Real.

Positions:
2k shares last summer at $5 sold at $200 paid off all my debt and buying a house.

Later suckers.

[Anonymous No.27880173]

Waahhhhh wahhhh poop poop butt butt poop!

[Anonymous No.27880643]

>>27880096
Stink nigger robingood shipl precum in your shower creamy butt doo doo nigger tranny faggot brap brqppp stank boipucci moistureize your cat bitch

[Anonymous No.27880756]

It was congress putting pressure on the DTCC, and it's not the first time it's happened either. Goyim cattle aren't allowed to rule the market.

[Anonymous No.27881578]

>>27880096
It really is a matter of who you hate more. Do you hate redditors or jews more? That will pretty much decide which side you end up on.

[Anonymous No.27881791]

>>27880096
you sound mad

[Anonymous No.27882075]

They are all the fucking same. Do NOT USE PLUS500 the spread is fucked and they are controlling trades left right and centre. I hope the go under.

[Anonymous No.27882483]

>>27880096
>THIS IS AN OUTRAGE.
it actually is. That's why they are being investigated and were cited to testidy at congress.

[Anonymous No.27883482]

>>27880756
>>27882483
They knew exactly what they were doing, they knew that you were all too stupid to use anything other than Robinhood or TD Ameritrade.

Here’s a big fat ass pro tip:
Find a real brokerage, where you pay commission (like a big boy) and get the fuck off of Reddit/4chan, do your own research and DD, be skeptical of all shills.

[Anonymous No.27883685]

>>27883482
I'm going with Fidelity but they don't take commission either, what's a more real brokerage faggot?

[Anonymous No.27883687]

>>27881578
Retard take only fitting for a polcel brainlet.
Investing knows no ideology. You take side of profit and growth, you dont take sides in a gamble like GME.

[Anonymous No.27883841]

>>27883482
This. There are these shitty apps and "free" trading websites and services, but in the end youre gonna foot the bill, you pay in downtime, you pay with server crashes, you pay with being locked out during dumps and pumps.
Just pay the fee upfront, its like .5-1% per trade, and you have a good service, the servers dont crash, your orders get filled, you dont end up being shat on by hedgies.

Poor fags always pay twice.

[Anonymous No.27884009]

Tell me how only allowing to sell, and not buy(or buy in limited quantities <100) is not manipulating the market?

If they wanted to remain neutral, they should have begged the SEC to halt all trading or not allow any buying/selling of that stock.

It was blatant price manipulation and they should go to prison.

[Anonymous No.27884116]

>>27880096
Show your RH id, kigger.

[Anonymous No.27884414]

>>27883482
Hey, I don't use either, and you're not wrong. They were a herd of retard following a meme, mostly, but that doesn't make it right for congress to overstep their powers. And like I said, they've been involved in shady shit before.

[Anonymous No.27884623]

>>27884009
There are a hundred different brokerages that you could have signed up for and bought GME, if you bought GME at $300 you are literally saying that you think GameStop is an 80 billion dollar company and has room to grow, you should go to jail. You and all other phone investors deserve to lose as much money as humanly possible.

[Anonymous No.27884726]

>>27884623
You are looking at this individually when you should be looking at the free market as 1 entity. Robinhood had no right to restrict millions of users from purchasing a stock while allowing selling of that said stock. It is a dangerous position to take and allows the powerful to strangle the retail investor at a gigantic scale.

[Anonymous No.27884754]

>>27884623
That or you were actually in fact investing with knowledge that you ‘could not lose’ which is insider trading, Robinhood saved your asses from any further losses.

[Anonymous No.27884870]

>>27884754
Do you know what insider trading is? Using publicly available information to see the hedge funds are totally fked is not insider trading.

[Anonymous No.27884935]

>>27884726
And you’re looking at the market as a pump and dump scheme instead of what it is actually intended for, investing in a companies future.

[Anonymous No.27884975]

>>27880096
GO BACK FAGGOT JESUS CHRIST

[Anonymous No.27884993]

>>27884870
It’s been public knowledge for 10 months anon why didn’t you buy in at $5?

Oh wait that’s right,

[Anonymous No.27885015]

>>27884754
>insider trading
Ah, so you were acting retarded. GG 6/10. I'm out.

[Anonymous No.27885049]

>>27884935
Do you know what short selling is? It's not a pump and dump when the short interest is more than 100% of the float. Without Robinhood stepping in, the hedge funds were seriously forced to buy back at whatever price people set. That's not a fking pump and dump.

[Anonymous No.27885083]

>>27884009
>not allow selling as well to remain neutral
can you imagine the outrage of people that wouldnt have been able to sell their gme garbage? at least this way they could sell and not be stuck with reddit bags.
>beg the sec to halt
for sure theyre gonna halt trading because robinhood and co dont have enough collateral to cover their retards trading in masses at this volume for the first time

[Anonymous No.27885104]

>>27884993
I bought in at $40 and made a sizeable profit. If Robinhood didn't commit illegal practices, I would be retiring right now.

[Anonymous No.27885111]

>>27885015
Why didn’t you buy in at $5 anon short interest has been 120% for 10 months

Why why why why why anon?

Because you didn’t fucking see it until it blew up in your fucking face.

[Anonymous No.27885358]

>>27885083
It's the SEC's obligation to protect the retail investor. They have failed that obligation. It is obvious that Robinhood composed a giant amount of retail traders. The trading of Gamestop and all stocks being limited should have been halted - or - make sure it's a 1,1 scale where if they only allow you to buy 1, you are only allowed to sell 1. Otherwise, it's blatant market manipulation and the fact Robinhood gets most of their revenue from Citadel, a company that has billions shorting this company, shows how dirty this whole affair is.

[Anonymous No.27885413]

All $80+ buyers should have to testify as to why they think GameStop is at least a 10 billion dollar company.

I would watch every one of them.

Any person admitting that they were told to invest by someone who didn’t have the qualifications should be jailed along with that person.

[Anonymous No.27885461]

>>27885413
You have autism

[Anonymous No.27885491]

>>27885358
What good is that going to do when you can still buy contracts and immediately execute them, see this is why you are retarded.

Can’t buy 100x shares at $300? Get out of the deep end junior

[Anonymous No.27885526]

>>27884726
they halted buying because they couldn't cover the trades for two days with their cash on hand. the vol led to the increase in collateral reqs.
are you saying they should have also halted selling? that'd be a much bigger issue if that's the road you want to go down, unless it was market wide.
i'd say everything played out like it should have, shit brokers got exposed and the squeeze was done before johnny come lately realized it. experienced retail traders got a 50x and newfags are bagholding and blaming a system they don't even understand. what's the problem?

[Anonymous No.27885593]

>>27885358
>It's the SEC's obligation to protect the retail investor
false and homosexual

[Anonymous No.27885627]

>>27885413
they should be jailed for buying something? what fucking logic is that?

[Anonymous No.27885672]

>>27880096
Thanks for the GME cheapies this week

[Anonymous No.27885733]

>>27880096
Tl;dr fuck rh

[Anonymous No.27885750]

https://stocktwits.com/symbol/CLF

$CLF
02/04/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------


$CLF
02/04/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

[Anonymous No.27885898]

>>27885750
Who are these clf shills? Every fucking /thread.

[Anonymous No.27885932]

>>27885627
the non-logic of an autistic child

[Anonymous No.27885991]

>>27885627
In a perfect world.

[Anonymous No.27886008]

>>27880173
BASED

[Anonymous No.27886303]

Buying GME at $80 with the knowledge of short interest, international attention, and gamma squeeze incoming is the exact same thing as what this guy did

https://youtu.be/7FTnz32EtLs

Just because it was a hedge fund getting fucked doesn’t make it right

[Anonymous No.27886306]

>>27880096
Piss off shill.

[Anonymous No.27886456]

>>27880096
Fuck off faggot. They have close to a million active users. Them shutting off over 20 stocks is nothing short of Market manipulation and you implying otherwise means you're an enormous faggot. Just because others allow free trade doesn't mean RH didn't manipulate. They limited NAKD to right after it finally broke a dollar and was on the track to being back in compliance, made it where you could only sell. Then they limited it to just 5 shares, which would bankrupt literally no one, but it does protect the hedgefunds. It was trending to over $4 in after hours but they had to (((SHUT IT DOWN))), and it worked to an extent. I hope you and every faggot at Robinhood are stuck on the street in the next year. Also, Gamestop isn't bankrupt, and has been consistently sold out of all consoles nationwide since June. Interest in games was at an all time high due to covid, and you're retarded to think it wasn't going to trend upwards even without bandwagoning redditors squeezing it.

[Anonymous No.27886497]

>>27885358
>they should have made it 1 to 1
again, that would lead to people that wanted to get out who couldn't if the price were to drop
>its the obligation of the sec to guard the retailers
false. its their obligation to enforce certain laws in the market. besides, would you want to actually protect the retailers by making these speculative bubbles possible? people openly calling to pump up a stock in order to potentially cause a short squeeze sounds like market manipulation to me which ended up hurting the little guy

[Anonymous No.27886519]

>>27886456
I didn’t read any of this I’m going to assume you lost money, my condolences, hopefully you learned a lesson.

[Anonymous No.27886626]

>>27884726
No, the hedge funds are the ones betting against the company's future.

[Anonymous No.27886694]

>>27880096

[Anonymous No.27886755]

>>27886519
Quite the contrary, faggot. My average buy in of my 8000 shares is 7 cents. I should be watching NKED skyrocket, and instead I see faggots like you driving down confidence.

[Anonymous No.27886817]

>>27886456
I went back and read to see what you were so mad about, of course the stock was going to go up, with it being a double console release any retard with a graph could tell that it could go up (possibly to $60) and then this short interest shit started and WSB memes it to death, whatever, $169.69, and then it gets national media attention and FazeBanks and Mizkif and whoever the fuck all these children watch these days starts shouting that everybody needs to take mommies credit card and dump their savings into GME, that’s when it’s a problem, and if you can’t see that, then fuck you.

[Anonymous No.27886838]

>>27880096
>If you bought GME at $80+ it's insider trading

GME info is readily available to anyone with internet access you dumb onions nigger.

Imagine coming to 4chan to preach to people about not knowing definitions, and then actively fumble the definition of "insider trading."

Get shit on, hedgie

[Anonymous No.27886857]

gamestop hasn't made net profit since 2018 niggers, this was never about value and fundamentals. at least stick to your story reddit bag holders

[Anonymous No.27886878]

>>27883687
>investing
Yea, that's what's going down at Wall Street hahaha

[Anonymous No.27886920]

>>27886497
>> people can't get out
It's a free market you imbecile!!! You can't say people can only sell because you're "protecting" them. That means you are controlling the market and deciding the fate of a stock, not the market.

>>pump and dump
It's not a pump and dump!! The short interest was over 100% of float. It was literally free money as long as you sold when the hedge funds finally decided to cover.

Tell me how it's okay for a hedge fund to pump and dump in reverse where a company can't even get any loans or anything because their market cap is vastly under value due to extreme short of over 100% float.

Short sellers are supposed to be useful in stopping fraudulent companies from soaring. Gamestop was not a fraudulently company.

[Anonymous No.27886978]

>>27886817
Can you fucking read, faggot? I don't give 2 shits about GME other than to say they aren't bankrupt and were trending up. I'm made at RH for limiting OTHER stock (and specifically NAKD), because it cost me gains. I haven't "lost" anything, but I could have so much more if it wasn't for them.

[Anonymous No.27887016]

>>27886857
If you did any research at all, you would know Gamestop can easily exit most of their leases and transform to a ecommerce store. They have increased online revenue at breathtaking pace and have someone on their board who recently took a no name company to 40B evaluation.

[Anonymous No.27887115]

>>27886978
>I'm made
I need to go to bed.

[Anonymous No.27887144]

>>27886978
No one gives a fuck about your penny stock pump and dump get the fuck out of here

[Anonymous No.27887162]

>>27886978
Wealthsimple didn’t block anything, while people were bitching about rh my friends were buying gme there, I hope it doesn’t moon or I’ll never hear the end of it from those fuckers.

[Anonymous No.27887201]

>>27887016
Why would I shop at GameStop.com over Amazon, Walmart, Target, etc.

Because I can get a switch with a triforce painted on it for $50 more?

[Anonymous No.27887279]

>>27887162
I’ve had to listen to two close friends say diamond hands and we like the stock for a week straight until they lost all their money.

[Anonymous No.27887330]

>>27887016
what do you the company at then anon?

[Anonymous No.27887412]

>>27887279
Yeah they’re waiting for Tuesday thinking they still have a chance, I dumped $500 into sndl instead cause it’ll hit $2 ($3-4 hopefully)

[Anonymous No.27887442]

>>27887144
Obviously some people did when it launched. It was squeezed to over $600 within a month of its debut on the exchange, and was over $100 for months after. Repeated quarterly losses and covid caused it to plummet. To call it a penny stock pump and dump is to ignore its history, but you're an enormous faggot so that doesn't surprise me.

[Anonymous No.27887521]

>>27887201
The gaming industry is going to be a 500B market by 2030.

Gamestop has 50+ million members already.

Amazon, Walmart, Target don't provide you the niche focus that Gamestop can. Gamestop can also be a hub for gamers to meet and play card games, board games. There's a lot of potential there.

-Not a Financial Advisor, nothing I say should be considered Financial Advice.

[Anonymous No.27887557]

>>27887442
No it’s products tasting like shit and Amerifats giving up because of covid caused it to tank, high fructose corn syrup is back on the menu.

[Anonymous No.27887588]

>>27887442
Poor people don’t care about penny stocks because you need to put in more than $50 to see actual gains.

[Anonymous No.27887708]

>>27887521
They can’t if they exit their leases and shift to e-commerce, you still haven’t sold me, any time anyone goes to GameStop is because they want a game same day, a console, or a gift for someone, if I own an Xbox, why would I not use the Xbox store, ps5 same thing, PC, one of the myriad of platforms, 50 million sales to unique individuals sure, 50 million PowerUp shitty magazine subscribers? Not a fucking chance.

[Anonymous No.27887936]

>>27887521
GameStop should team up with electronics manufacturers to be a showroom/test site for the latest greatest gear and games, it’ll boost exposure to products some people didn’t know about and be good for advertising/sales.

[Anonymous No.27888191]

>>27887521
so now that playstation store, steam and others exist gme is going to become a lifestyle brand like starbucks where gamers meet to play tabletop dungeons and dragons? did i get that right? sounds hardly like the 500B dollar gaming industry you speak of. theres literally no reason for most normal people to go to a gamestop. the majority of that 500B dollar market are normies that play on their phone or cs:go with their friends. no way these people would seek out gamestop instead of amazon to buy the newest COD or xbox just so they can hang out with weird nerds and play UNO.

[Anonymous No.27888221]

>>27884935
Lol
Maybe that was the original intent of the stock market, but we are very far removed from that intent.

[Anonymous No.27888274]

>>27880756

Smaller brokerages restricted sales because they (or 3rd party clearinghouses) didn't have the margin requirements available to handle the buy volume at the agreed upon price. Larger ones that deal with institutional money did not restrict trading because GME volume wasn't enough to stress them.

I don't think there was a conspiracy against the little man. Small brokerages just couldn't handle the volume. If they restricted sell and buy they'd be held responsible for the inevitable losses of idiot bagholders as they passed the blame.

[Anonymous No.27888304]

>>27887708
There are ~5500 Gamestop stores. When I said exit their leases, I mean the stores with poor performance.

The big wild card here is Ryan Cohen. He took Chewy, a company that delivers dog food, into it's current valuation of 40 Billion. Delivering dog food is horrible profit margin due to how much it costs to ship, so if he can take that junk into it's current valuation, I think he can do something in an industry that is growing rapidly and there will be so much potential. Keep in mind, they have partnered with Microsoft already, earning a share of microtransactions from consoles sold by them.

[Anonymous No.27888367]

>>27885413
You can buy a stock based on market meta-condition. Its legal.

[Anonymous No.27888437]

>>27886303
Yes it does
Fuck hedge funds. It was effectively civil disobedience and robin hood was effectively cops with firehoses

[Anonymous No.27888695]

>>27888437
whatever helps you cope man. i hope there will be some studies to see what the actual short positions were at what time and if it was possible to have had the squeezerino

[Anonymous No.27888821]

>>27884623
free market implies that if people think gamestop or any market is worth 400 a share then its worth 400 a share, rabbi

[Anonymous No.27888830]

>>27888437

Idiot

[Anonymous No.27888964]

>>27888695
Not coping didn't lose anything
There are times when following the law is immoral (not that GameStop squeeze was illegal)
Id argue that to play by moral rules that put you at a disadvantage against an enemy that wishes to destroy or enslave you is immoral, because one of the factors your moral framework should take into account is ability to persist over time.

[Anonymous No.27889025]

>>27888821
If I shit on the carpet and 50 people decide it’s worth $500, the next man that walks by will be hard pressed to buy it based on the smell alone.

[Anonymous No.27889026]

>>27888830
Nigger

Do you have an argument?

[Anonymous No.27889078]

>>27889025
Have you seen modern art, prices for modern art? Self refuting

[Anonymous No.27889087]

>>27880096
Cool blog post faggot. Im still holding you can fuck right off.

[Anonymous No.27889133]

>>27883482
TD is their own clearinghouse you retard.

[Anonymous No.27889174]

>>27889026

See >>27888274

Blame SEC margin requirements,

[Anonymous No.27889204]

>>27889025
fundamentals mean fuck all for this stock, try again. You niggers got greedy shorting over 100%.
fuck off with your strawman

[Anonymous No.27889237]

>>27883687
Wrong. Shitskins are too fuckin dumb to do anything but sip purple drank and twerk.

[Anonymous No.27889321]

>>27884623
>if you bought GME at $300 you are literally saying that you think GameStop is an 80 billion dollar company
This never had anything to do with "fundamentals" you absolutely retarded nigger.

[Anonymous No.27889359]

>>27884975
This. Holy fuck.

[Anonymous No.27889382]

>>27889204
And the hedge funds should be held accountable, and not by the general public funneling billions of dollars from Jews to retards, if you want to stick it to the man, this is not the way, find your local militia.

[Anonymous No.27889422]

>>27889382
We're not selling schlomo.

[Anonymous No.27889516]

>>27889321
So if you’re not investing for the livelihood of the company what exactly are you investing for and let me remind you that pump and dump is illegal.

I would like to hear your take inb4 we like the stock

[Anonymous No.27889582]

>>27889516
>>27888367

[Anonymous No.27889658]

>>27889582
Might want to do some actual research on that, hope your next investment isn’t soap on a road, however that would be a better investment in that case than pumping and dumping gme

[Anonymous No.27889702]

>>27889516
we are investing to take your money because the hedgefunds got caught with their dicks in the cookie jar doing something = as illegal by shorting a stock over 100%
This is fair game and you cry to the news doing anything and everything you can to put the little guys down so you dont lose(as much) This is not a pump and dump, this is a sit on my stocks until you need to pay your dues.

[Anonymous No.27889706]

>>27889382
Nice glow posting
>>27889174
Maybe cops with firehoses was overstated, but at the least robin hood was extremely negligent

[Anonymous No.27889726]

>>27889026
seems like most people were in for the money anyways. my guess is even if you bankrupted some hedgies others in the long position would have gotten even richer and those who went bankrupt would be replaced by new ones in no time. ive looked at some articles and most hedge funds hardly ever outperform the market. most make their money by charging their clients huge fees for meeting some gay benchmark. passive investing like index funds hardly charge anything and are gaining market share. the only way to damage the industry to make their clients see how shit their performance really is. this gamestop fiasco, making them out to be as some force that always wins might end up as beeing good marketing for them

[Anonymous No.27889735]

>>27889516
I invest to make money you stupid fuckin coon. Get off my board.

[Anonymous No.27889806]

>>27889702
SO HERE'S THE RUB: I wanted to make a spoof shitcoin shill thread featuring Pepe the Frog to drive the point home, but it turns out I don't need to.
There are at least three different fucking cryptos all starring this fucking god damned frog.
Frogecoin, Pepecoin and pepecash. Not even going to bother looking into them because it's a safe assumption they're literally just foreign pump and dump schemes.
Your $100 isn't worth much state side but $100 in developing nations buys a lot. I mean, a lot.
These three aren't unique. Lots and lots of pump and dump shitcoins flash Pepe at you with a veritable word salad and in your FOMO you buy in (IT'S THE NEW PARADIGM! THE NEXT BTC! IT WILL MOON LIKE LINK!!!!)
Speaking of, almost all of them are trying to clone the energy the Link Marines had and clone link's success.

This stupid fucking frog is not some magical path to my wallet
I'm not interested in your shitcoin and tossing word salad at me with a Pepe meme isn't going to convince me to invest.
I'm not interested in your meme stock and tossing word salad at me and telling me not to miss out (trying to prey on FOMO, what a piece of shit) isn't going to convince me to buy your heavy bags.
Posting this stupid fucking faggot frog is not a free pass. It doesn't make your bullshit cool and hip, it makes you a manipulative faggot who took a meme and tried to capitalize on it
Very few coins have actual practical uses, and most of those practical uses are buying drugs. Most of it is a thinly veiled pump and dump scheme weakly propelled by Pepe memes.
I'm putting my fucking foot down. You stinky fucking pajeets, chinks and russians are getting called out.
Stop using my fucking retarded frog for your grift.

[Anonymous No.27889811]

>>27880096
Let me guess, you bought the top and got REKT.

[Anonymous No.27889820]

Can I ask you genuinely why you posted this? What do you stand to gain? I am very perplexed at your pathetic and disgusting existence. Are you even human? What a fucking retard you are, what an absolute waste. Do me and the rest of us here a favor and end your life. It will be the best thing you have ever done for humanity, I promise.

[Anonymous No.27889890]

>>27889806
uh wrong thread?

[Anonymous No.27889921]

>>27889658
I didn't lose anything.
Is it illegal to buy a stock because a financial analyst says its a good purchase? How about to buy a stock because you notice a lot of the stock is being bought? Why would it be illegal to buy a stock because it's overshorted

[Anonymous No.27890018]

>>27889820

Nothing, I’m just honestly tired of hearing all my friends talk about it, I made money, I got out early, they lost money, they’re still talking about diamond hands, wsb and /pol/ are ruined forever, so I figured I would shill this bullshit here.

I don’t really care who made or lost money, maybe next time they want to organize a massive market movement, they won’t use a million anonymous retards on free software.

[Anonymous No.27890093]

>>27890018
you sound mad

[Anonymous No.27890104]

>>27889726
Doesn't really matter whether it was effective as a means to rebel imo
>>27889806

[Anonymous No.27890352]

>>27880096
unironically kill yourself please

[Anonymous No.27890685]

>>27880096
>And if you bought GME at $80+ you actively participated in insider trading.
One of the funniest things I've ever read here

[Anonymous No.27890750]

OP is baiting but for real if you actually think Robinhood pulled some shit to save Citadel you're retarded. GME trading and volatility meant DTCC had to pull 80+B out of nowhere, so they margin called the brokerages and refused to process GME buy orders until the margin was met.

Also if you didn't know, all Robinhood accounts are margin accounts and you don't actually own any of your positions. What you technically own is a debt contract that says Robinhood owes you that security. This is important because of Robinhood goes under, you will likely lose your whole portfolio because you don't actually own it. You only own debt promises from Robinhood, which can be deleted in bankruptcy proceedings.

[Anonymous No.27891185]

>mfw the free money store stops giving out free money

Sorry but you need to be white trash or colored to get free money.