stonks

[unreal quest]

And I get deeply committed

To multiple things

School, I do the very bare minimum

And I was once getting a 4.0

Or at least 3.7

Just by barely getting good grades

Plus covid kinda helped

Since everything is open book

But over the past few months my commitment to classes has gone down significantly

I’m just pass/no passing every class

Now that I have the gpa

And with the usc acceptance, as long as I maintain passing grades, I’m fine

So I don’t get rescinded

But I guess things are very different now than they were a week ago

I’m only going to school for connections and social opportunities

Taking courses online would be worthless

I’m gonna head to usc, now that I feel it’s the best place for me to be now, and I’m there to network and socialize

And after enough time, once I feel established enough, I might drop out say right before senior year

So I’ll still get a year there

But then be able to work on my own things

A year to network and socialize

Then do my own thing

A diploma is worthless to me at this point

It’s literally just a piece of paper

[visual raptor]

@quasi heart has entered the community.

[unreal quest]

Any one else try investing in penny stocks

Has anyone bought penny stocks not as a gamble, but because they carefully researched the company and saw value?

[celest rain]

lol blind is absolutely shredding RH rn

[floral wadi]

"dont hire robinhood engineers" lol what

[visual raptor]

FREEZE! @winged locust has entered the room.

[hasty burrow]

more power to you brother

I have those sparks of motivation too

I should really follow thru more

[visual raptor]

Everyone say hello to @bleak owl!

[unreal quest]

I 100% agree with them

This isn’t stupid

I don’t want to stand a mile away from robinhood now

They shorted their ipo

These guys could have been legit billionaires

Rather than just having paper wealth

When it ipo’d

[winged locust]

they probs got fucked by clearing costs tho

[unreal quest]

Now they’re probably gonna remain at 0

Robinhood has permanently tarnished their record

Who knows all the dirty things the lawsuit will review

Probably about to see a whole bunch of new (but not surprising) stuff

There is no favorable outcome for them

No one will support the ipo

Nor buy them

Well maybe the hedge funds

Citadel could just buy robinhood

[winged locust]

I'd bet they're gonna bounce back over time. people forget shit, and they likely had decent reasons for most of their decisions despite people being super emotional and mad about them

[hasty burrow]

is she live

[floral wadi]

the stock guy

[minor glen]

The Twitch chat is moving at like 50 messages a second hyping stocks 🤣

[hasty burrow]

I'm indifferent but i think AOC pushes ideas

same with bernie

[celest rain]

now if only they could pay their SWEs more

[hasty burrow]

everyone spam poggers

[unreal quest]

Same thing that happened to the wsb discord will happen again

When they said elon was gonna join

[visual raptor]

FREEZE! @modern cliff has entered the room.

[minor glen]

Fuzzy camera like what

[unreal quest]

I here’s chamath

[hollow ridge]

LOL

[unreal quest]

This is so fun to watch

[hollow ridge]

why tf would ARKK go to zero when cathie wood has platinum hands

[subtle blade]

I keep hearing about Friday, is that when most short positions need to be covered by?

[unreal quest]

She hates the rich

[unreal quest]

Yeah

Sod herself is probably rich

Right

Her net worth is probably higher than mine

[hollow ridge]

unfortunate part is that they're gonna IPO and the employees are gonna get shafted the most since their options might not even print at this rate

[unreal quest]

Aoc’s

Book deals

Let me see if I can find it

Yeah 100k

Wrong image

Yeah

[winged locust]

weren't short positions covered like wednesday? I thought at least one of the two announced they covered their position

[unreal quest]

She’d hate me

[median cradle]

She lives in NYC on a small salary I believe it

[unreal quest]

174k

Six figures

[median cradle]

Oh that's a little higher than I thought

Still not extravagant

[subtle blade]

Oh is that so? I'm not super in the loop lol. If that's the case, would most of the squeeze already have happened?

[median cradle]

It's definitely decreasing but still reasonably high I think

[subtle blade]

Yea it dropped but is also like 300 rn in after hours

Though that could just be the hedge funds messing around

[unreal quest]

Is it under 100 now?

Are they buying?

I don’t see the price going up

[subtle blade]

True

[unreal quest]

Is it no longer 138?

[winged locust]

well they didn't need to close all the positions, just have capital on hand to cover margin calls or close out some portion of their positions. But yeah, most of the squeeze would have been relieved, at least from melvin or the other biggie. but others could have also shorted and not closed their position

[subtle blade]

I see

[unreal quest]

Have they not exited yet?

What’s the exact short ratio

Now

Is it still 138?

[hasty burrow]

let the queen talk

[minor glen]

Fr

[winged locust]

https://fintel.io/ss/us/gme if this is right, it's way less rn

[unreal quest]

This is old

It’s definitely bit that low

[winged locust]

it's like maybe 12 hr old

[median cradle]

If it's that low why is the stock doing so well?

[winged locust]

ah okay

[unreal quest]

What’s the exact ratio

@fleet cypress

[median cradle]

Idk if we know

[unreal quest]

Did they sell a buy number of shorts

Would they exit the shares today?

They don’t expire till tomorrow

So they just took the loss?

[rapid fable]

alex did u ever show proof

[median cradle]

:O

I honestly feel like today won't be bad for the stock even with the dip, some shorts def exited but it generated so much hype

That it may cause more people to hold

[quasi heart]

lol gme basically broke even today

[median cradle]

And fuck them over more

?

Hmm

So you're bearish?

[unreal quest]

Yeah over 100 is absolutely possible

Is it below 100 now?

Where can u see?

Where can u get the official number?

[exotic crypt]

yeah i'm only seeing 320

[unreal quest]

What was the 50-60 number?

[unreal quest]

Where?

[exotic crypt]

are we talking gme?

[quasi heart]

@exotic crypt they're talking about short interest 🙂

[exotic crypt]

ohh

lol

120 is still high

aoc stream?

50 still high-ish

[median cradle]

Lul

[exotic crypt]

not short squeeze high but decent

yea

[median cradle]

Normally 50 wouldn't be ridiculous but they are BLEEDING interest

[exotic crypt]

now its on every news channel, message board, etc.

i still think it'll go up a fair amt

[median cradle]

I may sell enough to break even and then just ride the rest out and see where it goes

[quasi heart]

are we really trying to predict emotional investors 👀

[exotic crypt]

*emotional mobs

[unreal quest]

What’s the difference between 50 and 120?

Are those the same numbers

Or different metrics

[median cradle]

What is it im not watching

[dense osprey]

Holy

[winged locust]

y'all have blockbuster positions? 😛

[median yarrow]

tldr

?

[exotic crypt]

AG has rh saying, oh well we will sell llimited shares after institutions are done with them in ah, i.e. have our scraps

[dense osprey]

Dawn of the apes

[median yarrow]

im eating

[winged locust]

congress member is calling robinhood anti-competitive to the attorney general and asking them to do something about it

[median yarrow]

thanks

[unreal quest]

Yeah something is gonna be done

What have we heard from the Sec?

Are they on our side?

Or robinhoods

[winged locust]

but you can still sell gme on robinhood. and you can still buy it with other free brokers

there's not technically any barrier stopping trades other than you need to use a different platform

huge clearing fees due to volatility

[exotic crypt]

thats a big barrier

[winged locust]

and any private brokerage can choose what it trades so legally its within their right

[exotic crypt]

i have webull and its gonna take days before approval then days for funds to clear

my fidelity account will take days for more funds put in

[dense osprey]

nah that’s not how it works

[exotic crypt]

this is time sensitive

[dense osprey]

sec don’t give a shit about that

[unreal quest]

Unilateral trades are so fucked

This is absolutely illegal

Not allowed at all

[median cradle]

It's absolutely ridiculous and should not be allowed

[winged locust]

aren't they? it's only new buy positions that can't happen. you can still trade current positions

[unreal quest]

This is an obvious reason for a lawsuit

[median cradle]

Lost people sooo much today

[unreal quest]

It’s so obvious why they’re doing this

[median cradle]

Who cares

It's manipulation

[unreal quest]

Will people be able to reclaim their money?

[dense osprey]

its just super obvious market manipulation

[unreal quest]

The losses are well into the billions

[winged locust]

what do you mean reclaim?

[unreal quest]

How will the money be recovered

[median cradle]

If they didn't let you close existing positions it would just be stealing, like obviously they don't do that

[unreal quest]

The amounts ppl lost

[winged locust]

you can sell it still

[unreal quest]

Due to this

[winged locust]

you just can't buy new gme stock

[dense osprey]

brokers are subject to additional regulations by the sec, its not like hurr durr muh rights and free speech

[unreal quest]

Yes

[exotic crypt]

right? like if someone sold at the dip cause of all the manipulation going on then lost out on like $150 per share

[unreal quest]

That’s a huge loss

[winged locust]

all stock trades are gambles lol

[unreal quest]

That could put someone into bankruptcy

[winged locust]

huge losses can and do happen

[unreal quest]

This is absolutely robinhoods fault

[median cradle]

I put in a sell order for some shares, but cancelled a minute later

[unreal quest]

They triggered this

[exotic crypt]

yeah but they changed the rules on people

[unreal quest]

It wasn’t due to natural market factors

[dense osprey]

idk what you’re trying to argue strugglebus

[exotic crypt]

huge losses already happen without tampering

[unreal quest]

If it was a natural loss that would be different

[exotic crypt]

they 2x the risk

[unreal quest]

People couldn’t buy

[exotic crypt]

exaclty

[unreal quest]

Only sell

That caused a huge loss

Absolutely

[median cradle]

Literally if AAPL could only sell and not buy it would go down

[hollow ridge]

people with a lot of money: is it true that more $$$ more problems

[exotic crypt]

also stocks involves a lot of psychology

they did what they meant to do

[unreal quest]

Why didn’t you predict that an institution would break the rules

If people couldn’t buy

There’s literally no other direction it could go in

What?????

Who

On gme

[median cradle]

He's capping

[hollow ridge]

whatchu mean iu went from 22 -> 27

she still looks like she's 20

[unreal quest]

Nothing can be absolutely 0

$.000001?

Or how much did u buy it at

What’s iu stock

Doesn’t exist

Wait Franklin core us equities

[hollow ridge]

she's priceless

[unreal quest]

Ain’t nobody ever heard of it

Indiana university

[unreal quest]

It’s not a real stock

[hollow ridge]

no im talking about IU the singer

[unreal quest]

Name isn’t mainstream

[hollow ridge]

gotta watch kdramas yo

[unreal quest]

What will it do for me

[hollow ridge]

l i f e c h a n g i n g

[unreal quest]

It’s just a fad

Ppl tired with western music

[exotic crypt]

thats what people thought about kpop lol

[unreal quest]

So they turn to something new

[exotic crypt]

i'm not a fan but its huge

[hollow ridge]

wait guys

[unreal quest]

Cuz ppl are sick of western pop

[hollow ridge]

rally the bts army to buy GME

[unreal quest]

It will die off in a few years

[exotic crypt]

also globalization

haha

[hollow ridge]

it'll go to the moon then for sure

[unreal quest]

Honestly that’s one of the biggest advantages

[exotic crypt]

kpop fans break hashtags, surely they can break hedge funds

[unreal quest]

Genius marketing

Can they break Ken?

If so I’m all in then

[hollow ridge]

wait yes if like one of their members tweeted gamestonks

could you imagine

what would happen

[exotic crypt]

they're super political, they'll fuck up people on social media

[unreal quest]

Actually is it in the talks?

Could they do this?

[exotic crypt]

not in the talks

[unreal quest]

Is it being discussed

[exotic crypt]

but just imagine...

[unreal quest]

It’s free money

How can u reach them?

Is there a Twitter they follow

To tweet something out yet

[exotic crypt]

call 1800-kpophelp

[unreal quest]

Yeah

This is no different than wsb

What else have they done in the past?

That’s had a significant impact

These kpop ppl or whatever

Using social media

Have they ever had a big impact on anything?

[celest rain]

u are kinda big brain u know that

[unreal quest]

How can they be reached?

What twitter account do they follow

@fleet cypress

I’m always looking for new marketing plans

To reach a wider market

And if this is an opportunity I can tap into, im absolutely open

They’ll risk their life savings

Use their parents account?

I looked it up

They’re buying shares in record labels

And if it’s impulsive buying it might be an opportunity to jump in

[winged locust]

fwiw, here's what webull ceo had to say about allowing buys of gme etc.
https://twitter.com/i/status/1354854476801302528

Zack Guzman (@zGuz)

NEW: The CEO of Webull tell us the decision to join Robinhood in restricting AMC and GameStop trades came from soaring costs to settle its users trades:

"It wasn't our choice ... this has to do with settlement mechanics in the market."

https://t.co/Micz5U6SRc

Retweets

355

Likes

903

▶ Play video

Twitter · Jan 28, 2021, 6:10 PM

I really doubt demographics of fidelity have nearly as many positions on gme

[unreal quest]

Such bullshit

[winged locust]

also basically any high volatility stock has high clearing costs

[unreal quest]

Does webull sell to citadel?

Are they dependent on any of the short sellers?

And fidelity is the only one that isn’t

[winged locust]

dependent unlikely. have business with, likely

[quasi heart]

sorry what

[unreal quest]

I’m pretty in touch with the music scene

As an influencer

Have some contacts there

If I haven’t heard the name

[zinc pasture]

Makes sense, Kanye

[unreal quest]

It’s not mainstream

I’m in touch with Hollywood

I can’t even read the chat

50 messages a second

[winged locust]

https://investorjunkie.com/stock-brokers/broker-clearing-firms/

apex is the clearing house

[subtle blade]

Army would break the stock market

[unreal quest]

Isn’t citadel the clearing house

[winged locust]

no. citadel llc is the parent company

[unreal quest]

The clearing house doesn’t have any stake in the game

So their opinion doesn’t matter

Yesss

[bold hearth]

I don’t like how some people are kinda making it seem like robinhood is the only one that did it when basically everyone did except for like fidelity

[unreal quest]

Look how fast it impacted

[winged locust]

they have stake in that they need to make sure the trade goes through

so if any party backs out, they're on the hook

so for volatile stocks, they charge holding fees

well they always charge holding fees

[unreal quest]

Where did u find the fine info?

[winged locust]

but higher if volatile

[unreal quest]

@fleet cypress what are the details of the fine

Did it happen just today

[median blaze]

u guys watching AOC stream?

[unreal quest]

How big is the fine?

[median blaze]

they be taking about citadel and everything lol

[winged locust]

given the size of the aggregate position it's possible the fees were equal or were several times the collective amount people had on gme if they just sat on it

[subtle blade]

Did you compare a TV genre to a music genre lol

[median blaze]

dude its actually having a negative look now everyone knows about them

[unreal quest]

So it wasn’t citadel that did this

But apex

[winged locust]

not exactly

but possibly

it was a ton of factors that left a lot of companies collectively in shitty situations

[unreal quest]

Who’s bad then

The clearing house

Are hedge funds bankrupting companies

[winged locust]

why does there need to be someone "bad"?

[unreal quest]

And retail investors

[celest rain]

citadel the hedge fund is not the same as citadel securities right

[unreal quest]

So citadel isn’t really losing money to this?

[celest rain]

there's an info barrier between them

[unreal quest]

Who’s acting bad?

Citsec or citadel

[median blaze]

citsec is the one front running RH orderflow

they have HFT strats on quick speed

[unreal quest]

Who’s losing money on it?

Citadel the hedge fund

[subtle blade]

Does anyone actually believe that

[winged locust]

melvin capital

is losing money

[median blaze]

ya melvin cap took the hit

citsec and citadel got richer

[dense osprey]

conflict of interest between robinhood and citadel

wonder what’s going to happen

[median cradle]

All I know about it is fuck citadel and ken

[unreal quest]

So would the shutdown on robinhood help citadel again?

[winged locust]

honestly the only ones besides the shorters that would lose money are the folks that bought gme really high after it ballooned and aren't closing out their positions as it drops (which was inevitable to eventually happen)

[unreal quest]

Did robinhood delisting gme help citadel?

Or hurt them

[median cradle]

Help

[unreal quest]

Who were they protecting then?

[dense osprey]

i mean gme dropped today a significant amount right

[winged locust]

their own profit

[unreal quest]

So it helps the hedge fund and hurt the market maker

[median blaze]

helps citadel, not any effect of citsec

[median cradle]

Not after market

It's back 300+

[unreal quest]

What about citsec

[subtle blade]

Yea but that's mostly big boys trading right, most retail investors aren't trading after hours I thought

[unreal quest]

It’s stuck at 193

[median blaze]

doesnt negatively affect citsec they have like all other stocks to front run gme itself is small

plus its more volatile, they would make money

[subtle blade]

They were talking about after hours

Where it's 310ish

[median blaze]

they had record breaking 6.7 bil profits this year

[unreal quest]

Is after hours still occurring?

After hours ended 2 hours ago

[subtle blade]

Idk if it's still occurring

[unreal quest]

Yeah my bad

[median cradle]

After hours ended at 7 cst I think

[unreal quest]

So the real price is 310

[median blaze]

pls no i need my job

[median cradle]

Yeah basically unless it goes down premarket

[unreal quest]

If ur holding it it will go up

[median cradle]

I'm 💎👐

[subtle blade]

HFT just eats into everyone's margins

[unreal quest]

Premarket picks up at 12 right?

[subtle blade]

At least there's no collusion there lol

[unreal quest]

So hft fucks over retail investors?

[vivid shard]

Yes

[median cradle]

Institutional too I think

[vivid shard]

Most investors really

[bold hearth]

everyone

[subtle blade]

They don't discriminate

They don't have a reason to

[unreal quest]

What happens if u lose more than u have

Margin trading

[vivid shard]

HFT has more of an advantage over large retail buyers than institutions tho

[winged locust]

then you're in debt

shorts for example have no floor

you can lose "infinite"

[unreal quest]

So hft does better than traditional traders

At big institutions

[winged locust]

more retail invesotrs are just straight up gambling compared to the infrastructure, scale, and statistics etc that hft can bring to the table in deciding trades.

[vivid shard]

More consistent

[unreal quest]

Are they in direct competition with Goldman?

Hft

[subtle blade]

HFT is a diff ballgame, doesn't make sense comparing it to regular trading

[winged locust]

everyone competes with everyone

[vivid shard]

HFT can front run retail really easily

But they fuck over whoever they can

[subtle blade]

They make very very little per trade and rely on massive volume

[unreal quest]

Hft can detect the orders before anyone else

[median blaze]

HFT compete with other HFT firms

[winged locust]

even different teams at the same firm might technically be participating in trades with other people at the same firm without realizing it

[unreal quest]

Which can cause shitty returns

For everyone

[vivid shard]

Not really

[median cradle]

HFT get consistent good returns basically

[vivid shard]

Small margins

[bold hearth]

Read flash boys if you want to learn more alex

[unreal quest]

Will ur leverage go down?

If u get fucked over

By citadel

[winged locust]

hft is small earnings (or losings) per trade but huge number of trades really fast

[subtle blade]

Yea they make like less than pennies per trade lol

[unreal quest]

Just hft even lead to drastically better returns?

[vivid shard]

Seriously just read flash boys it explains everything super well

[winged locust]

if you can do it at scale

and successfully

[elder cypress]

not feeling so good about working at an hft firm this summer lol

[unreal quest]

Well what do they use to determine what orders to place?

Any qualitative data

[median blaze]

yeah if u have the infra u can have consistent returns

[unreal quest]

Or just mathematical formulas

[subtle blade]

If you make 1 penny per trade but do it a trillion times a day, you still make a shit ton of money @unreal quest

[vivid shard]

I’ll take your spot @elder cypress

[subtle blade]

That's the gist

[unreal quest]

Percentage wise how are their returns

[winged locust]

boatloads of quaantitative data and huge infrastructure to test against historical trends and make safety features so they don't trade too much of something losing etc

[elder cypress]

yeah but you're assisting these hedge funds by giving them the advantage

[unreal quest]

I mean if robinhood traders are making more then citadel percentage wise

Citadel is doing something wrong

[median cradle]

Which one

[subtle blade]

Sure the rich getting richer is neutral

[vivid shard]

Citadel can’t make 1000x gains because there’s not enough money

[elder cypress]

I mean retail traders dont exactly have the access to speed of hfts

[unreal quest]

They can’t at least make 1.5x gains

[elder cypress]

youre just second in line to hft clients

[subtle blade]

They are though

That's literally the point of HFT

[unreal quest]

They could literally stick it in an index fund and make more

Does hft benefit anyone?

[vivid shard]

Citadel makes a lot more than index funds

[unreal quest]

Other than the firms

[vivid shard]

HFT

[median cradle]

Themselves

[unreal quest]

Would it hurt society if hft was banned?

[subtle blade]

Lmao what are you taling about 😂

[winged locust]

sometimes other funds or companies invest with the hft firm

so like the retirement accounts or budgets of those companies

[median cradle]

Isn't pltr spying more

[unreal quest]

If they’re fucking up the markets

[vivid shard]

You can’t really ban HFT from my understanding

[median cradle]

It isn't lockheed martin

[vivid shard]

They aren’t fucking it up

[unreal quest]

Then there’s a reason to make it illegal

[vivid shard]

They’re just faster

[subtle blade]

So just like any other defense contractor?

What's new

[vivid shard]

IEX

[unreal quest]

They’re fucking over retail traders

Then how did I make these types of returns in a single day?

When I was literally just gambling

How did dfv do it

[median cradle]

Luck

[winged locust]

gambling sometimes you win

[unreal quest]

Citadel is doing something very wrong

[median cradle]

And having balls

No they are consistent tho

[unreal quest]

1000x returns on a large amount of capital

[median cradle]

They don't want to lose big

[subtle blade]

Fair opinion

[winged locust]

hft also loses money on some trades

it's not magic

[unreal quest]

What percentage returns does citadel make?

[median cradle]

You were in literally the perfect situation, so hard to replicate

[unreal quest]

Could it have been done with a billion dollars

Say u bought 1 billion worth of options

Could u make 1 trillion

[median cradle]

Def not

[unreal quest]

So I guess I was well within the range then

[median cradle]

1 trillion is like half of apple

There's just no way to make it off one trade in basically any circumstance

[unreal quest]

So this was an anomaly

I guess I got super lucky then

[winged locust]

yes

[vivid shard]

yes

[median cradle]

Well you could make 100m on a somewhat decent amount of things like tsla also

[unreal quest]

Will this lead to hyperinflation

[median cradle]

But as it gets into billions its sooo much harder

[unreal quest]

100m is a substantial amount of money compared to all the money in the world

[vivid shard]

a lot of hedge funds keep less rather than more under active management

[winged locust]

if you buy or short a HUGE position in any instrument it'll affect the price

[vivid shard]

so that they don't have outsized market impacets

[unreal quest]

If there’s 100 trillion dollars, 100m is 1/100,000 of that

That’s not a small amount

Considering there are millions of institutions

[median cradle]

I mean yes

[unreal quest]

Was any new wealth even created

[vivid shard]

i think youre missing a zero

[unreal quest]

Out of thin air

Or was it just money transfer

Still, 1/1,000,000 is not insignificant

In a world with 7 billion ppl

[median cradle]

Yes you're rich lol

[unreal quest]

It’s a noticeable amount

Plenty of random celebrities who you’ve never heard of have more than that

[winged locust]

execs cannot just sell shares

[median cradle]

You could almost never spend that money unless you make horrible decisions

[unreal quest]

Then how is mine all liquid?

[winged locust]

they need to basically write to the SEC asking to be allowed to sell X amount

[vivid shard]

2 boats

[winged locust]

you have far fewer shares

[unreal quest]

So 100m is easy to sell

But not 10b

[winged locust]

huge volume trades need counterparties

[median cradle]

Yes

[winged locust]

well, any trade does

[unreal quest]

Could Bezos liquidate 100m without blinking an eye?

[median cradle]

It's harder at high vol yea

[unreal quest]

And have the cash in seconds

[median cradle]

Yes

[winged locust]

but if it's huge voulme, you need to find more people to trade with

[winged locust]

absolutely not

[median cradle]

He's liquidated billions at once, obvi planned in advance

[unreal quest]

100b could probably be liquidated in a few years

[winged locust]

oh I read that as 100b

[median cradle]

But not just a push of a button

[unreal quest]

If he sold 100m a day

He’d have it in 3 years

[winged locust]

maybe, but not billions. He'd have to ask the SEC in advance and ask them to approve and it might take a few months. I think he did this in october

[median cradle]

Yeah he did it a couple times this year

[winged locust]

got a few billion or tens of billion

[unreal quest]

So will this lead to inflation

Transfer of massive wealth

[winged locust]

that directly, probably not

[unreal quest]

Billions of dollars have been removed from institutions

And are now floating freely through the economy

[winged locust]

not removed

[median cradle]

Not significant enough

[winged locust]

some other party(ies) have collectively billions of dollars of amazon stock

[median cradle]

The money printer going brrrr does, gme isn't enough to make a noticeable impact

[unreal quest]

Well, some said that the stimulus could lead to inflation

[winged locust]

and he has probably reinvested most of the money in othe rthings

[unreal quest]

Would it be noticeable

What would need to happen to lead to hyperinflation

Where a hamburger costs $1 trillion

[vivid shard]

holy shit TSLA avg daily volume is like 20 billion

[winged locust]

there's nearly 400 million americans

say 100 million get 1000 dollars

that's 100 billion

[unreal quest]

Right

[winged locust]

thats a ton of money

[unreal quest]

Right

[winged locust]

may or may not cause inflation

it depends on how it's used

[unreal quest]

1000 won’t noticeably increase buying power

[winged locust]

and remember that a lot of people are hard up for cash

so it's not likek they have tons of spending money after that

so may be none

[unreal quest]

Looked it up

Government prints 7 billion a year

[winged locust]

if the govt prints extra money that's different from them using money that's been allocated from other sources

they're not printing 100 billion suddenly

[unreal quest]

Yeah

But there’s 100 trillion in the us economy

Maybe they mean physical money

But all money has to be backed by something

Like gold

Or notes

[winged locust]

not true at all lol

most money isn't backed by anything

the us dollar is based on faith

[unreal quest]

Taxes are 3 trillion a year

[winged locust]

like how gme isn't backed by gamestop's profits

people are/were just trying to buy tons of it

[unreal quest]

Gme was wealth transfer

Rather than creating money out of thin air

For everyone who gained, someone lost a lot

Well will adding 6 trillion to the economy do much

The economy is worth 100 trillion

So only 6% more

Not a lot

[winged locust]

6

[unreal quest]

Who?

[winged locust]

6% could be a lot. but wtf do you mean by adding 6 trillion to the economy?

[unreal quest]

Moral issues of what?

Absolutely

What?

How do I access it?

[vivid shard]

twitch.tv

[unreal quest]

Was on the wrong one

How long has it been going on?

She paused for a bit

How long has this been going on for?

It was dfv who started it

He’s the real goat here

[hasty burrow]

He SAID IT

HE SAID DOGECOIN

[median blaze]

lmao it rocketed

[vivid shard]

I swear I had dogecoin

idk where it is

[lost sorrel]

Thank God

[unreal quest]

Is dogecoin gonna go up?

[lost sorrel]

I need the dogecoin pump and dump.

[unreal quest]

It’s gone up like 2000%

But it’s still pennies

What would happen if I tried to dump a bunch of money into the coin

Could we bring up the price

Do u see it going up?

To pennyland

[winged locust]

see bitcoin and like any cryptocurrency over the past few years lol

there's no underlying value, it's all buyer/seller movement and reactions

[lost sorrel]

I bought 6.6 at . 04

[winged locust]

https://www.youtube.com/watch?v=-7x_y3ENrMc

[unreal quest]

What does ohanian think about the whole situation?

[winged locust]

has a pretty balanced take

[unreal quest]

Is ohanian supportive of this

Redditors pumping up the price

[bold hearth]

I thought the first woman on the stream was pretty good too

Yeah i probably wouldn’t notice minor things being wrong lol

[vivid shard]

holy shit

doge coin keeps flying lol

[unreal quest]

Do you think there will be significant legislative changes

[bold hearth]

I think it’s good that more people are getting educated about hfts

[unreal quest]

To prevent institutions from manipulating the stock price

[vivid shard]

have they said anything about HFT?

[lost sorrel]

It's up to 7 cents

[vivid shard]

I see 11

[bold hearth]

The first person on did i think

[vivid shard]

What does HFT have to do with Gamestop lol

[dense osprey]

the thing ab bitcoin i dont like is the insane energy costs

[unreal quest]

We’re bringing awareness to the issue

[dense osprey]

i was pretty surprised when i found out bitcoin is terrible for the environment

[vivid shard]

any crypto trading place

[unreal quest]

Do u think dogecoin will get into dollar land?

Is it too late to buy in?

[junior tapir]

it would have a marketcap similar to ethereum if it hit a dollar lol

[lost sorrel]

Robinhood will let you.

[junior tapir]

cant buy any doge coin cuz every cent I have on robinhood is in GME shares lul

[unreal quest]

How come dogecoin went up today?

What happened

[junior tapir]

social media getting hyped over it

[unreal quest]

Why dogecoin?

In particular

[lost sorrel]

Reddit hyped it up.

[winged locust]

why not?

[unreal quest]

Over anything else

[junior tapir]

idk cuz tiktok reddit memes

[unreal quest]

What about dogecoin

[lost sorrel]

No reason

[junior tapir]

its cheap so people like that they can buy a lot

doge is a well known

meme

[winged locust]

no cryptocurrency has inherent value. it's all just hype at whatever moment toi make it go up, or lack of hype for it to drop

[unreal quest]

Do u think there will be significant legislative changes?

[winged locust]

no

[unreal quest]

Is this gonna have lasting effects

Ppl won’t just forget about this

In a few weeks

[winged locust]

probably not in terms of finance regulations

maybe fewer robinhood users

at least in nearish term

[unreal quest]

Multiple congressmen are criticizing hedge funds

[winged locust]

so?

[bold hearth]

stock guy is dumb lol

[unreal quest]

New laws might be made

To stop the institutions from fucking over everyone

Ban hft

[winged locust]

hft didn't cause any of what you're mad about

[vivid shard]

same lol

[lost sorrel]

Happened to me too. Try again in half a hour.

They're probably getting way too many requests.

[junior tapir]

buy doge on an actual crypto exchange instead of a stock broker

[vivid shard]

wont let me cancel

[unreal quest]

Robinhood is a scam

Don’t touch them

[junior tapir]

yea theyre not an actual crypto exchange

you dont hold the keys

[unreal quest]

Wait wtf

The price is negative

Dogecoin

Price

What’s going on

[civic thistle]

yea i saw that too

[unreal quest]

What was that

[civic thistle]

https://www.coindesk.com/price/dogecoin

[lost sorrel]

Tf?

[unreal quest]

Where’s chadmath

[civic thistle]

24 HOUR LOW
$-49.74

LOL

[unreal quest]

I like aoc

She’s inspirational

I buy her policies

[vivid shard]

She does not like you lol

[unreal quest]

She said the .0000001%

Bezos Walton

[unreal quest]

Why lol

[vivid shard]

$$$

Also Alex are you serious about the broker thing

[unreal quest]

She said she doesn’t even care about campaign donors

She cares about her constituents

[unreal quest]

Explain

[vivid shard]

like trying to make something

[unreal quest]

Yeah I am

I really feel strongly about this

We’re gonna make it happen

[vivid shard]

Okay me too I think it would be a cool opporutnity

[unreal quest]

Yeah

And genesis and nongmin too

[civic thistle]

wat happened

[unreal quest]

We’re gonna make history

And of course the legendary drillking

Chamath might invest in something like this

We’re very similar in many ways

He has the exact same gpa as me

An open source trading app

That can’t be controlled by the institutions

A robinhood alternative

Yeah robinhood is dead

Yep

We’re all gonna do this together

Open source

Kind of like a new bitcoin

But for stock exchanges

Decentralized stock exchange

So that what happened with robinhood never happens again

And I’ll help fund it

We’re gonna create a revolution

He’s digging himself into a hole

Well name it chadmath

Actually fuhken

Fuhken it is

Yep

Well do it

Do u guys think robinhood is permanently dead now?

And that they’ll ever recover from this

Is an exit realistic

Could they ipo

Do u think citadel will just buy them

I mean Ken doesn’t have to give a fuck

He could just walk away and be fabulously wealthy

What even keeps him going

The only reason citadel exists is to make money

Not change the world

He’s beyond wealthy now

Is it pure greed?

Fuck Citadel and fuck Ken Griffin. Ken Griffin owns a $238 million penthouse in NYC, an $84 million mansion in the Hamptons, $350 million of mansions in Palm Beach, $97 million of mansions in Miami, a $122 million mansion in London, and a $58 million condo in Chicago. He should not have the right to stop working class people from trading securities in a free market to protect his interests.

We all simp Justin kan

[median cradle]

Doge 🚀🚀🚀

Speaking of vlad thank god that champ is weak rn

[echo oak]

regardless of that every CS major wishes they could start a company that's as influential as his

like, 2 days ago everyone here would have sucked him off for an internship

[civic thistle]

still would tbh

[echo oak]

must feel weird to suddenly become public enemy #1 in a few hours lol

[lost sorrel]

For real, dude is going to make a shit ton of money no matter what.

[echo oak]

like u can talk shit all u want but gotta give creds to what he's help built

not that he himself wrote the damn app, but still

[median cradle]

Yeah, and it lost a lot of it's value today and hasn't even ipo'd

[echo oak]

I feel like people discount the ridiculous positives the creation of robinhood has brought around, zero fee investment literally wasn't a thing before robinhood, completely changed the market

and idk what went through their head before they made their decision

[median cradle]

The brokerages don't make that much off trade fees generally

[echo oak]

but something tells me it's not related to melvin or citadel

it's likely going to screw their profitability or someshit

people way too quick to jump to conclusions, like the screenshot telling robinhood automatically closed someone's position

[dense osprey]

Lmaoooo could you imagine this happening to you

Apparently its legal if you trade on margin

[median cradle]

$ROPE

Well yeah that's them making sure you can cover losses

But 118 might've been the lowest sell of anyone

[echo oak]

yes

[median cradle]

Horrible

[echo oak]

idk why people acting like this is new tho

literally every other platform does this

[dense osprey]

I dont use margin

[median cradle]

Yeah it's just extra shit when the dip was caused by them

[echo oak]

true, true, the main issue is that PR wise they showed themselves as for common people like a fuckin non-profit appearence, but I guess people don't like the fact that they are actually a company that needs to make $$

Literally every platform closes positions on margin are u stupid

plus do we have any other source to show that that screenshot is actually true?

[dense osprey]

A lot of ppl reporting it

[echo oak]

if it's not on margin, and they do this

[median cradle]

Yea i dont think its fake

[echo oak]

yea that's like

massive fucked

[median cradle]

It has to be margin

[echo oak]

im not saying margin call

[median cradle]

If it wasn't it would be sooo illegal

[echo oak]

im saying margin period

like money loaned from the broker

[unreal quest]

Who’s is this

[echo oak]

nobody knows

[unreal quest]

What happened

[echo oak]

it's just a screenshot that's been flying around

apparently they force closed someone's position

without consent

[unreal quest]

Did robinhood intentionally choose that price

[unreal quest]

Oh this is definitely illegal

This is so fucked

They have a very legitimate lawsuit

[echo oak]

see why u assuming it's true though

like

need to be more skeptical

[unreal quest]

It’s blatantly illegal

[median cradle]

I've seen other people saying it happened

[dense osprey]

Hella ppl have been reporting it

[unreal quest]

Given what happened today

[echo oak]

ok but this is he said she said story

[unreal quest]

It’s not outlandish

[echo oak]

like

[median cradle]

???????

[unreal quest]

They’re also selling people’s data

[dense osprey]

Tbf daily mail isn’t a great source

[median cradle]

You are just assuming it's fake

[unreal quest]

They’re definitely selling data

[echo oak]

no im giving it a dose of skepticism

[unreal quest]

Robinhood is without a doubt underwater

[bold hearth]

Yeah but we knew they were selling data, a lot of brokers do it

[unreal quest]

They can’t do it without consent

[echo oak]

nah, no other app UI is as clean

cashapp maybe

idk

[unreal quest]

Unless u explicitly signed off to it

[median cradle]

Idc at this point

[echo oak]

https://twitter.com/ArkhonDH/status/1354834763245359111

Wallstreetbets Fan Club (@ArkhonDH)

.@RobinhoodApp's apparently selling people's shares "for their own good" 🙃

Actual insanity

Retweets

12709

Likes

48969

Twitter · Jan 28, 2021, 4:52 PM

[unreal quest]

That’s the least of our concerns

[median cradle]

I'll use boomer fidelity

Over RH

[echo oak]

im saying to the general public

[unreal quest]

Uhh

[echo oak]

u and i can move

[unreal quest]

They just lost a ton of users

[echo oak]

but the average tiktok investor aint using fidelity

[unreal quest]

Tiktok users are activists

They’ll definitely be against robinhood

Robinhood is dead

[bold hearth]

But did robinhood probably informed their users they were selling their order flow right

[median cradle]

Tiktok cancels people for the smallesr things lol

[echo oak]

haha nah, this will be swept against the rug

[unreal quest]

You are understating the severity of this

[median cradle]

Nope

[unreal quest]

This literally crashed the entire market

[echo oak]

watch there be literally no consequences

[unreal quest]

Billions of dollars were lost

[echo oak]

no cap

[median cradle]

If they make a comeback it will be YEARS down the road

[unreal quest]

Uhh no

[echo oak]

said the same thing in 2008

[celest rain]

people said this about 2008 lmao

[unreal quest]

What they did is blatantly illegal

[celest rain]

so was 2008

[unreal quest]

They manipulated the stock price

[bold hearth]

This isn’t anywhere near as bad as 2008

[unreal quest]

It’s so obvious what they did

[dense osprey]

none of this would’ve happened if you all bought vti like good little boys

[unreal quest]

It’s outright criminal

[echo oak]

Do you not think they thought about this before doing it???

They likely had teams upon teams of lawyers ensuring that this is a defendable position

they're not little teenagers

[dense osprey]

i think you might be overstating it slightly alex

[unreal quest]

There’s a massive class action lawsuit

[median cradle]

I would have like 1/5 the money

[unreal quest]

Uhh the whole world is against them

[echo oak]

😂

wait for 2 weeks

[unreal quest]

Robinhood is dead

[median cradle]

Even XQC is mad lmao

RH being shit is the most universal opinion I've ever seen

[unreal quest]

They crashed the entire market

2008 was much less direct

[echo oak]

wot

[dense osprey]

idt this is anywhere comparable with 2008 lol

[median cradle]

You have TED CRUZ and AOC agreeing

Yeah but its different

[dense osprey]

i woke up saw s&p was down 2%

[unreal quest]

Exactly

[echo oak]

yeah that was a sight to behold

[dense osprey]

Flipped over and turned back to sleep

[unreal quest]

The two can’t be compared

[unreal quest]

That’s a pretty big deal

[median cradle]

2008 is way worse but more hidden

[unreal quest]

Yeah

There were much more layers

The two situations aren’t comparable

What robinhood did was outright criminal

You have Donald trump jr going against robinhood

When does that ever happen

[median cradle]

A child could hear what went on today and get why it's bad

It's cut and dry

[unreal quest]

The only reason they froze trading was too mitigate their losses

So that the hedge funds could profit off the shorts

[median cradle]

I had no idea what mortgage backed securities was when I was 8 lul

[unreal quest]

They could have at least removed the sell button to make it a little bit more believable

It’s so obvious what they did

These guys could be facing jail time

[median cradle]

Nah if they removed sell it would be worse imo, still absolutely ridiculous and should tank the company

[dense osprey]

i mean they do have a legal defense

[echo oak]

I really think you underestimate how smart these people are lmfao

[bold hearth]

I don’t think anyone will go to jail

[echo oak]

why tf do you think they would do something so obvious

[dense osprey]

looks bad with the conflict of interest but its not cut and dry

[median cradle]

So are fucking Blackrock

There is smart, big money on BOTH sides

[dense osprey]

We did it Reddit!!!

cringe

[unreal quest]

No legal defense will protect them in this case

[median cradle]

And the ones on our side will be pissed too

[echo oak]

lol even more funny joke is people believing only retail traders were the reason for the price jump

there's literally hedge funds hidden amongst us riding up the wave

[unreal quest]

That’s not the point

Of course there were hedge funds

The point is what robinhood did was blatantly illegal

It’s so obvious

[junior tapir]

yea everyone knows hedge funds are long on it too

[echo oak]

whatever the point is, nobody is going to jail, and you can't say that without a jury

[unreal quest]

We know exactly why they did this

[junior tapir]

why u think it rose from 150 to 300 after hours the other day

[echo oak]

to save melvin???

like wot

[unreal quest]

Look how many congress members are calling them out

[echo oak]

after hours seems to be insane these days god damn

[unreal quest]

Look how many billionaires are against this

[echo oak]

today it rose from 193 to 300

after hours

[dense osprey]

ppl acting this the revolution

[unreal quest]

Robinhood doing this tanked the price 50%

[unreal quest]

This is a revolution

[dense osprey]

absurd

[unreal quest]

Things will never be the same again

Significant changes were made after 2008

This is a revolution

It’s retail traders going against the big institutions

This has literally never happened before

[dense osprey]

have retail traders ever tried to fuck with institutional shorts before

[unreal quest]

Democrats and republicans haven’t agreed on anything until this

[median cradle]

@unreal quest random question but what's the most exravagant thing you've done/experienced

[unreal quest]

Either private jet or house

Not owning a private jet

But chartering one

For $10000 an hour

I still do not support the hedge funds at all

[median cradle]

Yeah you don't really seem that pretentious, just a little out of touch maybe

[celest rain]

i saw a rolls royce once

[unreal quest]

Yeah it was

He just put it on the corporate card

We went to Hawaii last month and chartered a jet

First time in like 10 years I’ve been on a private jet

Did u lose?

[median cradle]

I wish I picked up some of those cheap ass calls

[unreal quest]

You should be able the claim some losses

This crashed the entire market

It’s not looking good for robinhood

[median cradle]

I bought a lot of stock but wish I had some leverage

[unreal quest]

How does leverage does ur account have?

How is leverage awarded?

Still don’t get it

I know that the initial 200k account I used had about 6-7x leverage

[median cradle]

Nah I just mean options not margin

I mean I wish I had bought calls

[unreal quest]

Oh

Gonna see how much leverage I can get now

[median cradle]

So did schwab call you being like wtf

[unreal quest]

I’m sure they’re very aware of the istuation

I did absolutely nothing illegal

Leverage kinda helped

Interest rate was 4.5% annually

So over 5 days literally nothing

[median cradle]

Oh did you borrow

https://www.reddit.com/r/wallstreetbets/comments/l7em07/coworker_had_a_limit_executed_of_a_little_over/?utm_medium=android_app&utm_source=share

This real?

[unreal quest]

Yeah

[median cradle]

Wait... soooo that means...

Wait could I get close to a mil?

[unreal quest]

It depends on how much u have

At larger amounts u can get more leverage

Typical is 2:1