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Posted on 1/28/21 at 1:57 pm to Seldom Seen
how in the frick do they have the authority to sell the stock for about half of the current trading price?
Posted on 1/28/21 at 1:57 pm to Chillini
quote:
This isn’t right vs left. This is elite vs working class/poor.
Remember all them liberals who couldn't stand Trump? They didn't know why they couldn't, they were just told that they couldn't. And they couldn't figure out all the reasons were bullshite.
Posted on 1/28/21 at 1:57 pm to the808bass
quote:I'm getting there...
Anyone still thing we’re nowhere near civil war?
Posted on 1/28/21 at 1:58 pm to Seldom Seen
That price is not even half of what the current price was
Posted on 1/28/21 at 1:59 pm to Seldom Seen
What’s the “unreasonable risk” to Robin Hood in brokering the account owner’s position?
Is this the folks who are trading on margin?
Is this the folks who are trading on margin?
Posted on 1/28/21 at 2:00 pm to teke184
Damn. I’m not even directly involved in this but this shite is pissing me off. They aren’t even attempting to hide it. Something’s got to give. The powerful are managing to meld together a coalition of very different groups in opposition by pulling this kind of crap. They should be careful how far they push.
Posted on 1/28/21 at 2:00 pm to HailHailtoMichigan!
Posted on 1/28/21 at 2:00 pm to Chillini
Ironically the hedge funds they are helping with will take them out as well over RH soon suicide
Posted on 1/28/21 at 2:00 pm to Chillini
I agree with all of this thread, but nothing screams working class/poor like 4500 shares at an average of $118.00 (531000.00).
Posted on 1/28/21 at 2:01 pm to HailHailtoMichigan!
Bernie Madoff, went to jail for as much. They can't do that and expect that there won't be major ramifications
Posted on 1/28/21 at 2:02 pm to Chewbacha
quote:
agree with all of this thread, but nothing screams working class/poor like 4500 shares at an average of $118.00
What did he buy at? Oh, you don’t know? Gotcha.
Posted on 1/28/21 at 2:03 pm to boosiebadazz
quote:
Is this the folks who are trading on margin?
likely
Posted on 1/28/21 at 2:04 pm to HailHailtoMichigan!
“Not a significant amount of forced sell offs. There isn’t any evidence that it will have a significant impact on the hedge funds” 
Posted on 1/28/21 at 2:04 pm to KiwiHead
Posted on 1/28/21 at 2:05 pm to Chewbacha
quote:
I agree with all of this thread, but nothing screams working class/poor like 4500 shares at an average of $118.00 (531000.00).
Well, given that it was well above 350 and hit 400 for a time yesterday, that difference computes to around a cool million.
Posted on 1/28/21 at 2:06 pm to Forever
Yep. bullshite.
They sold a ton of stocks low to either help Citadel do new shorts or to lock in their losses at $100+ rather than $450+ a share.
IOW, they massively fricked their customers to save their masters.
They sold a ton of stocks low to either help Citadel do new shorts or to lock in their losses at $100+ rather than $450+ a share.
IOW, they massively fricked their customers to save their masters.
Posted on 1/28/21 at 2:06 pm to Seldom Seen
So RH unilaterally sold 4,500 shares this morning at an average of $118.93/share and GME is now trading at $251.40/share as I type this.
That means the customer lost out making an additional $596,000.
That means the customer lost out making an additional $596,000.
Posted on 1/28/21 at 2:08 pm to Chillini
quote:
This has to end with people going to jail
It will: the Redditors will be declared “financial terrorists” or some horseshite and the Hedge Fund guys will go untouched.
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