Robinhood and TD Ameritrade locks buying Gamestop, AMC, and Nokia.
The Establishment moves to protect itself...
The Establishment moves to protect itself...
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Robinhood and TD Ameritrade locks buying Gamestop, AMC, and Nokia.
The Establishment moves to protect itself...
Not an expert on stock trading but heard one of those 'experts' say that this some kind of trading slight of hand to knock some hedge managers down a notch, to show them whose boss or something like that. He also said all it's going to do is financially ruin some people
When Reagan lifted the antitrust laws and then Poppy and Slick Willy opened the floodgates with NAFTA and deregulating Wall Street to allow vulture hedge fund managers like Mitt Romney to swoop in and destroy our manufacturing base. Then by the time Walmart juggernauted in it was too late for Toys r Us and Sears etc....It's one of the reasons why I never played the stock market like dear old Dad did. My Papa was busted when Conoco went under.
When Reagan lifted the antitrust laws and then Poppy and Slick Willy opened the floodgates with NAFTA and deregulating Wall Street to allow vulture hedge fund managers like Mitt Romney to swoop in and destroy our manufacturing base. Then by the time Walmart juggernauted in it was too late for Toys r Us and Sears etc....It's one of the reasons why I never played the stock market like dear old Dad did. My Papa was busted when Conoco went under.
I got laid off from AT&T and never went back in the mid-80's .Yes, I watched it all burn and turn moderate millionaires into muti-millionaires...yet we are supposed to look on to our betters with eyes of encumbrance..I sold my stock I had in companies I had worked for.
Here you go...
"GameStop started in January valued at $17.25, and had been heavily “shorted,” meaning many Wall Street hedge-fund short-sellers expected the firm to collapse and the value to plunge with it. A Wall Street hedge fund manager, Andrew Left from Citron Research, shorted GameStop, then “held a livestream presentation arguing the stock would fall by 50%,” The Wall Street Journal reported.
But then users of the Reddit group WallStreetBets, led by a financial guru known as “Roaring Kitty” (who had reportedly invested roughly $56,000 to build a stake of 50,000 shares in GameStop), sensing they could execute a “short squeeze” on the Wall Street investors, urged millions of members to buy and hold GameStop stock."
The GameStop Controversy: What You Need To Know | The Daily Wire
www.dailywire.com
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So...someone is going to have to exlain to me the difference between a hedge fund manager shorting a stock then live streaming a presentation proclaiming that stock is going to eo the thing that is going to make him a pile of money...and a citizen on an internet forum proposing doing the thing that is going to make him a pile of money...
...and if there is no difference...why are the internet brokerages putting their collective thumbs on the scale to protect the hedge funds?