.....The War Of Wall Street (r/wallstreetbets Vs Robinhood)

[LongTermGuy]

Candace Owens:

"The #RobinHood scandal reminds me of when millions of Americans organized to flee


Facebook & Twitter for Parler—and then a bunch of crooks (Google & Apple) shut it down by
pretending that the competition was illegal.


Wall Street & Big Tech are criminal, colluding enterprises."

[LongTermGuy]

....When Wall Street caused millions of Americans to go bankrupt and lost their livelihoods no one batted an eye


When average Americans caused a billion dollar hedge fund to go bankrupt, they ban people from trading those stocks.


Welcome to Joe Biden’s America.

[jimnyc]

Been reading about this the past few days. I find it funny as hell that they took advantage of the system that the wall street types have been doing for years.

Watch though, they do it and it's ok, now these guys do it and they are stopping them - and I wouldn't be surprised to see some form of charges down the road.

[LongTermGuy]

[fj1200]

Been reading about this the past few days. I find it funny as hell that they took advantage of the system that the wall street types have been doing for years.

Watch though, they do it and it's ok, now these guys do it and they are stopping them - and I wouldn't be surprised to see some form of charges down the road.

I'm wondering how the wall street types took advantage of the system and then how the reddit guys are not manipulating stock prices?

[jimnyc]

I'm wondering how the wall street types took advantage of the system and then how the reddit guys are not manipulating stock prices?

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

[LongTermGuy]

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

Exactly! ..two can play the same game...but WS hates little people competition ...and cry foul.

[fj1200]

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

At least we can agree on the former. Just how are the latter manipulating? If they do what the former is doing they get shut down.

[fj1200]

Exactly! ..two can play the same game...but WS hates little people competition ...and cry foul.

How so?

[LongTermGuy]

"GameStop Story Illustrates What I’ve Told You About the Elites"


"The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires using – (interruption) I’m gonna explain it.

I’m gonna take the time necessary to explain this. You’re damn right. I’ve been studying it all morning.

And the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance. There are those who are allowed to make all of the money and those of you who aren’t."

Explanation:

​https://www.rushlimbaugh.com/daily/2...ut-the-elites/

[jimnyc]

At least we can agree on the former. Just how are the latter manipulating? If they do what the former is doing they get shut down.

I didn't mean to imply that big hedge funds and such were doing the same, but rather manipulating the market in general. But if you look at short squeezes in history, this wasn't the first.

As for legality, rules and all of that, and when short selling goes from legal to illegal or anything like that - I am the wrong one to speak on that matter.

[LongTermGuy]

"Your Not Allowed to use the Stock Market the way they do...."


`Rush Limbaugh weighed in on GameStop's skyrocketing stock price that currently has hedge funds bleeding billions of dollars. The radio host compared the populist revolt on Wall Street, engineered by a group of Reddit users, to today's political battles between ordinary people and the elites.`

"Folks, it’s not just political now. The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires," Limbaugh told listeners on Thursday.

"I’ve been studying it all morning and the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance.

...There are those who are allowed to make all of the money and those of you who aren’t."

**Limbaugh compared the traders beating hedge fund managers at their own game to Donald Trump's battles with the deep state. The host said the elites control who makes money and who doesn't and the deep state will come after anyone who learns how to beat the system"

The host then drew parallels between big tech companies colluding to stop dissenting political speech and trading apps stepping in to stop traders from buying shares of GameStop."

Despite how the mainstream media characterizes it, Limbaugh said ordinary traders have done nothing wrong.


"They played the same game that hedge fund managers play every day to make a lot of rich people even richer. Yet the markets are now shutting down trades," Limbaugh pointed out, calling it a "teachable" moment for people who never realized how deep the deep state goes. "


​https://townhall.com/tipsheet/bronso...estop-n2583890

[LongTermGuy]

​The how:

“Many normal people” have made a huge bet against them, and they’re winning, and because this has been a massive transfer of wealth,

it is understandably the only thing anybody’s talking about ’cause it’s unauthorized.

**“A group of Reddit users who grew up playing video games from GameStop,” that’s how old they are, “decided to beat Wall Street at its own game.”


*****They got together, banded together, and began buying GameStop stocks. That drove the price up. Other regular traders saw the price increase; they began buying, and some real momentum was created. But now the hedge fund guys who sold short are losing their shirts. The hedge fund guys, the elites had planned to sell GameStop short. That means they are counting on GameStop losing money. They only win if GameStop loses.


`Well, the GameStop stock price was $4 last summer, $20 at the end of 2020, $40 two weeks ago. It was worth $100 on Monday and Tuesday, and today it’s $300.

The hedge funds are taking it in the shorts. I mean, big time they are. They’re being wiped out to a certain extent, and they don’t like it. These normal people have figured out a way to do it, and they don’t like it.`

[fj1200]

"GameStop Story Illustrates What I’ve Told You About the Elites"


"The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires using – (interruption) I’m gonna explain it.

I’m gonna take the time necessary to explain this. You’re damn right. I’ve been studying it all morning.

And the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance. There are those who are allowed to make all of the money and those of you who aren’t."

Explanation:

​https://www.rushlimbaugh.com/daily/2...ut-the-elites/

I truly think Rush has lost it; He has no core left. Ordinary citizens aren't becoming billionaires out of a modern day pump and dump scheme. The value of these companies hasn't gone up so what would essentially happen is that the price would eventually fall back to normal levels which has the grand effect of moving money from the early traders away from those at the back end.

[fj1200]

I didn't mean to imply that big hedge funds and such were doing the same, but rather manipulating the market in general. But if you look at short squeezes in history, this wasn't the first.

As for legality, rules and all of that, and when short selling goes from legal to illegal or anything like that - I am the wrong one to speak on that matter.

I'm still not sure how you think they're manipulating the market in general. And I'm sure there have been plenty of short squeezes in history but this is one that is artificially created. I don't think short selling is at issue here at all; it just happens that this scenario is creating calls on those short sellers. Unless someone is targeting stocks with big short positions; I haven't heard about that yet.

There used to be an uptick rule on short sales but that went away ages ago.