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Started By
Message
re: Live Stream of Congressional Hearing about Robinhood / GME
Posted on 2/18/21 at 5:35 pm to Nation of Buga
Posted on 2/18/21 at 5:35 pm to Nation of Buga
Peterffy reconfirmed that market collapse was imminent today. If the price had held or continued to rise, over 270m shares would have to be purchased on only 50m registered shares.
What should have happened is the sec should have halted all gme trading and a buyout should have occurred.
Peterffy unequivocally admits reddit was right and they took their last resort option to save themselves/the system.
Eta: Video
In summary: Retail traders betting their life savings is bad, dumb and they deserve to lose all their money for that bad, dumb choice. Brokerages, hedge funds and MMs exposing themselves to INFINITE downside risk and threatening the entire market? No problemo
What should have happened is the sec should have halted all gme trading and a buyout should have occurred.
Peterffy unequivocally admits reddit was right and they took their last resort option to save themselves/the system.
Eta: Video
In summary: Retail traders betting their life savings is bad, dumb and they deserve to lose all their money for that bad, dumb choice. Brokerages, hedge funds and MMs exposing themselves to INFINITE downside risk and threatening the entire market? No problemo
This post was edited on 2/18/21 at 5:47 pm
2
Posted on 2/18/21 at 6:43 pm to JohnnyKilroy
This should be its own thread. Lots of resident experts (slackster) who said it’s not true
Posted on 2/18/21 at 6:59 pm to JohnnyKilroy
that a-hole openly admits he was going to likely go bankrupt
amazing
amazing
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