GME / AMC please watch

Looks like some of you still need to grasp this: There was no rigged election.

Carry on with the outrage over the rigged financial system.

HTH
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Careful Beav. We don't wear flannel shirts in the club. That's the other place.
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I get that a line needs to be drawn between this place and the Tug. I agree with that and would love for it to be true.

If the "big lie" is accepted as the truth on the finance board, that speaks volumes.
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Whether the election was rigged or not doesn't affect our discussions here. If what you mean by "big lie" is all the scrambling for cover by influential hedge fund managers, then, no, it is not established here as a big lie.

Shutting down on-line trading, other than for margin account and trading volatility, is unusual. I'd be pissed if someone closed me out without my permission and then told me it was because it was too risk.
 
Roasted

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Robinhood/Citadel should be[/b][/b] fucked because they locked out half the trade...ie they allowed you to sell but didn’t allow you to buy. If that isn’t market manipulation don’t know what is. If they had just frozen trading on the stock they might have had more legal cover.

But we live in a banana republic and they bought off the treasury secretary so they will get a slap on the wrist sometime in the distant future and meanwhile Citadel’s short positions along with a bunch of other Wall Street firm’s short positions have gotten bailed out bigly on the back of the average joes.
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Welcome to Wall Street!
 
You are what you eat...
https://www.bloomberg.com/news/arti...int72-to-invest-275-billion-in-melvin-capital
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Which proves they weren’t caught short because if they were they would have been worried about their own skin and not able to add risk by bailing out others.

I wonder what kind of terms they got for that bailout...seems like they likely made out like bandits in this situation. Especially as they benefit when Robinhood volume increases as they take a lot of the order flow.
 
AG seems to be the next shorted stock?

View attachment 37090
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Threw away some money on that as the market opened this morning. It was a peyote filled vision.

Down about a hundie at day end. Dead even on SLV.
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Just remember, Paper ain’t Silver!
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Troof.

I actually have held gold bullion bars. Those fuckers are heavy. Not quite as impressive when you're holding a single bar with literally dozens of pallets of gold and silver bars stacked up. Made for a good picture.

 
You are what you eat...
https://www.bloomberg.com/news/arti...int72-to-invest-275-billion-in-melvin-capital
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Which proves they weren’t caught short because if they were they would have been worried about their own skin and not able to add risk by bailing out others.

I wonder what kind of terms they got for that bailout...seems like they likely made out like bandits in this situation. Especially as they benefit when Robinhood volume increases as they take a lot of the order flow.
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They added risk by buying into the firm that was short and underwater...magically the market shenanigans happened soon after. I'm sure they made out like bandits because they probably exited most of the position Thursday morning when they were tanking the stock. They are free to open their books up and show everyone they weren't, but that will never happen.

Bought some more PINS...assuming Melvin was the ones heavy selling it earlier this week.
 
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You are what you eat...
https://www.bloomberg.com/news/arti...int72-to-invest-275-billion-in-melvin-capital
Click to expand...

Which proves they weren’t caught short because if they were they would have been worried about their own skin and not able to add risk by bailing out others.

I wonder what kind of terms they got for that bailout...seems like they likely made out like bandits in this situation. Especially as they benefit when Robinhood volume increases as they take a lot of the order flow.
Click to expand...

They added risk by buying into the firm that was short and underwater...magically the market shenanigans happened soon after. I'm sure they made out like bandits because they probably exited most of the position Thursday morning when they were tanking the stock. They are free to open their books up and show everyone they weren't, but that will never happen.

Bought some more PINS...assuming Melvin was the ones heavy selling it earlier this week.
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A loan is not a position. I am sure that Citadel, being sophisticated market participants, secured adequate collateral rather than putting themselves needlessly in the difficult position of having to rely on potentially illegal actions to manipulate a random small cap stock in order to ensure payback of a loan they made well after the short squeeze became obvious.

Your better argument is they needed Melvin not to blow up because Melvin is long a lot of the same stocks as Citadel. But for that all they needed was for Melvin to cover not for the squeeze to fail.
 
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