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re: Live Stream of Congressional Hearing about Robinhood / GME

Posted on 2/18/21 at 12:56 pm to
Posted by TheChosenOne
Member since Dec 2005
18518 posts
Posted on 2/18/21 at 12:56 pm to
Brah, Al Green is the ultimate retard. Surprised he's not double masked.


ETA: That said, him shitting on Citadel for these fines being nothing to them and likely worth it since they make so much on these illegal activities, is pretty good shite.
This post was edited on 2/18/21 at 1:00 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 12:58 pm to
hes going in on citadel though
Posted by FoodExit
Mobile
Member since Jun 2011
896 posts
Posted on 2/18/21 at 1:00 pm to
Did I miss the tendies and champagne?
Posted by Open Your Eyes
Member since Nov 2012
9252 posts
Posted on 2/18/21 at 1:05 pm to
How many times has Tenev not answered a direct yes/no question?
Posted by DVinBR
Member since Jan 2013
12977 posts
Posted on 2/18/21 at 1:05 pm to
i want to punch vlad through the screen
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71045 posts
Posted on 2/18/21 at 1:08 pm to
quote:

Lawmakers seem to be heavily biased to the little guy.


Theater.

Nothing will be done but they'll all have footage of themselves pwning an unpopular figure.
Posted by TheChosenOne
Member since Dec 2005
18518 posts
Posted on 2/18/21 at 1:09 pm to
Cleaver is the "A-women" guy right? His questions are just as terrible
Posted by Large Farva
New Orleans
Member since Jan 2013
8314 posts
Posted on 2/18/21 at 1:10 pm to
It's even more difficult listening to him speak.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 1:17 pm to
sec investigaton finds that wallstreetbets is just a steady stream of apes saying "I like the stock" over and over again
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71045 posts
Posted on 2/18/21 at 1:17 pm to
quote:

At what point are people responsible for their own actions? If somebody wants to buy GME at $300 based off a meme that’s their own business


Agree.

Nobody was misleading the public about Gamestop's internal situation. The strategy was very well publicized.

If you bought Gamestop, you were doing one of the following:

1) Trying to screw the hedge funds by artificially inflating the price. This group was OK with losing money.

2) Trying to time a bubble for a quick buck. Losing money is an assuned risk.

Robinhood is in trouble because they blocked people from buying the stock AND have ties to the hedge fund that was taking a beating.
Posted by Large Farva
New Orleans
Member since Jan 2013
8314 posts
Posted on 2/18/21 at 1:19 pm to
Also Vlad has a very punchable face.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30566 posts
Posted on 2/18/21 at 1:24 pm to
The worst part is the people suing Roaring Kitty sold naked calls on GameStop at $100 and lost thousands by having to buy them back when GME was much higher. Most platforms won’t even let you sell naked calls from what I know. Those people are idiots and deserved to lose everything, they would have at some point on another stock
Posted by Ooh Wee Ooh
Member since Nov 2008
1453 posts
Posted on 2/18/21 at 1:30 pm to
Finally, someone calls him by his real name. DeepfrickingValue
Posted by Strannix
District 11
Member since Dec 2012
48904 posts
Posted on 2/18/21 at 1:39 pm to
Plotkin got pwned by DeepfrickingValue
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 1:40 pm to
this 5 minute limit is saving people
Posted by Large Farva
New Orleans
Member since Jan 2013
8314 posts
Posted on 2/18/21 at 1:41 pm to
Vlad just got saved.
Posted by Jag_Warrior
Virginia
Member since May 2015
4087 posts
Posted on 2/18/21 at 1:41 pm to
quote:

Most platforms won’t even let you sell naked calls from what I know


They’ll allow it, but it’s restricted to those with the highest level of options approval. It’s just a less capital intensive way of shorting a stock. When people short straddles and strangles, naked calls are part of those multi-leg strategies. But yes, the risk is high because there is no risk definition. Or as my platform terms it, “infinite risk”.

I still haven’t figured out what the real basis and merit of the lawsuits against the Roaring Kitty guy are all about. Jealousy? Anger from YOLO idiots who thought that the stock was going to $10,000, and $350 was a good entry price? I don’t get that. IMO, he shouldn’t be up there. Like you, when you made the GME call here, he just made a good call. Simple as that.
This post was edited on 2/18/21 at 1:44 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82024 posts
Posted on 2/18/21 at 1:44 pm to
Agreed. It doesn't make sense.
Posted by TheChosenOne
Member since Dec 2005
18518 posts
Posted on 2/18/21 at 1:44 pm to
I had to step away for 20 minutes when they went on recess. What did I miss?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/18/21 at 1:44 pm to
Barry loudermilk is a very fitting name
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