Current Events > People really bought GameStop at $300 a share

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CruelBuffalo
02/04/21 1:25:12 PM
#1:


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BignutzisBack
02/04/21 1:26:25 PM
#2:


I saw people taking out loans when it was over $400

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CruelBuffalo
02/04/21 1:26:51 PM
#3:


I kinda get why Warren was warning this was gonna lead to a lot of little people being fleeced for their money......damn this was a quick drop lol
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lilORANG
02/04/21 1:27:03 PM
#4:


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CE_gonna_CE
02/04/21 1:27:11 PM
#5:


CruelBuffalo posted...
I kinda get why Warren was warning this was gonna lead to a lot of little people being fleeced for their money......damn this was a quick drop lol
They always are.

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Squall28
02/04/21 1:28:22 PM
#6:


CruelBuffalo posted...
I kinda get why Warren was warning this was gonna lead to a lot of little people being fleeced for their money......damn this was a quick drop lol

Yep. Robinhood saved a bunch of people's asses no matter how much people whined about it.

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#7
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ZeroX91
02/04/21 1:33:58 PM
#8:


Maybe if they do it with more stocks they will get pissy and make short selling illegal lol

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ZeroX91
02/04/21 1:37:25 PM
#9:


Squall28 posted...
Yep. Robinhood saved a bunch of people's asses no matter how much people whined about it.
Naw. They were just trying to cover their own....make renting stocks illegal and you weed out the parasites to the system, but wallstreet cant have that they need their middle man position to continue existing and being a blight on the free market because the poors are too dumb to see the value of the scam

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berlyman101
02/04/21 1:39:37 PM
#10:


Squall28 posted...
Yep. Robinhood saved a bunch of people's asses no matter how much people whined about it.

they weren't doing it to be noble. I interpreted their company line as "we might have gotten screwed if we couldn't put up the cash to pay out so in a way we were really protecting you :-)"

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Ryuko_Chan
02/04/21 1:41:58 PM
#11:


Just because it was for selfish reasons doesnt change anything.

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ZeroX91
02/04/21 1:56:43 PM
#12:


Ryuko_Chan posted...
Just because it was for selfish reasons doesnt change anything.
Naw man. They got theirs our of the work and when a group got together to use that work against em they go. "This is bad and illegal, we are gonna stop you to help you." When its only illegal (which it isnt people should do this to more stocks) when its outsiders finding a way to make the scam work for them.

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Blue_Target
02/04/21 1:58:08 PM
#13:


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Blue_Inigo
02/04/21 1:59:37 PM
#14:




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JBaLLEN66
02/04/21 1:59:47 PM
#15:


Whenever I feel down, I'll just think of this topic to make me feel better because at least I didn't **** up that bad, thanks op :)

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Squall28
02/04/21 1:59:50 PM
#16:


I'm not going to argue intent, but Robinhood stopped a lot of people from losing money.

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ZeroX91
02/04/21 2:00:57 PM
#17:


Squall28 posted...
I'm not going to argue intent, but Robinhood stopped a lot of people from losing money.
Imma be real i just wanted more out of it. Lol

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Doom_Art
02/04/21 2:02:54 PM
#18:


CruelBuffalo posted...
I kinda get why Warren was warning this was gonna lead to a lot of little people being fleeced for their money......damn this was a quick drop lol
No you see she is just a snake who is in the pocket of wall street and the hedge funds

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CruelBuffalo
02/04/21 5:45:13 PM
#19:


Doom_Art posted...

No you see she is just a snake who is in the pocket of wall street and the hedge funds

They quiet now
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TomNook20
02/04/21 5:47:28 PM
#20:


Squall28 posted...
Yep. Robinhood saved a bunch of people's asses no matter how much people whined about it.
No they were the main reason momentum died.

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#21
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Naysaspace
02/04/21 5:48:44 PM
#22:


one of the conspiracy theories gaining steam is this was one big pump and dump by mods on WSB.

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(edited 1/18/2021 6:36:37 AM)
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The X Dawg
02/04/21 5:49:20 PM
#23:


Lol thinking what the brokerages did by limiting it was not just to help themselves and the HFs.
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EmbraceOfDeath
02/04/21 5:53:44 PM
#24:


Naysaspace posted...
one of the conspiracy theories gaining steam is this was one big pump and dump by mods on WSB.
If you ignore the part where Robinhood and other brokerages forced the price to stay down by not allowing people to buy the stock, sure.

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The Trent
02/04/21 5:54:29 PM
#25:


Hell yeah!

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DarkRoast
02/04/21 6:01:56 PM
#26:


EmbraceOfDeath posted...
If you ignore the part where Robinhood and other brokerages forced the price to stay down by not allowing people to buy the stock, sure.

Robinhood literally protected people from losing all their life savings on this dumb shit.

Look, I get it, Wallstreet is evil and whatnot.

But it's not an instant-win game and when you play with fire, you get burned. They're lucky they didn't get burned any harder. The short sellers made a killing on the ride back down, while the "lol stonks" folks lost their ass.


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crayola555
02/04/21 6:04:50 PM
#27:


Honestly this is exactly like Murphy's law in movies villians/heroes, where they have the perfect plan and execution, but the ONE thing that could happen to ruin everything, happened.

Last week the price was soaring incredibly and honestly would very likely have gone above 500 and really bring down a lot of the hedge funds. But alas, RH and other brokerages put the brakes on buying killing every momentum there was and that was it.

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DarkRoast
02/04/21 6:39:55 PM
#28:


crayola555 posted...
Honestly this is exactly like Murphy's law in movies villians/heroes, where they have the perfect plan and execution, but the ONE thing that could happen to ruin everything, happened.

Last week the price was soaring incredibly and honestly would very likely have gone above 500 and really bring down a lot of the hedge funds. But alas, RH and other brokerages put the brakes on buying killing every momentum there was and that was it.

No it's not. This turned out exactly like every short squeeze bubble ever.


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BignutzisBack
02/04/21 6:41:02 PM
#29:


Oh come on beanz, Robinhood obviously did that at Citadel's request

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Axiom
02/04/21 6:42:49 PM
#30:


Squall28 posted...
Yep. Robinhood saved a bunch of people's asses no matter how much people whined about it.
This dude is more delusional than the people buying gamestop at 300 a share

^ So are the people above
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Heavy_D_Forever
02/04/21 6:43:26 PM
#31:


I think it goes both ways. Sure you can say they saved people from losing money, but if they didn't restrict trading who knows how much higher it could have gone.

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Frolex
02/04/21 6:44:16 PM
#32:


DarkRoast posted...
No it's not. This turned out exactly like every short squeeze bubble ever.

wasn't even really a short squeeze, just a pump and dump

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Squall28
02/04/21 6:47:29 PM
#33:


Heavy_D_Forever posted...
I think it goes both ways. Sure you can say they saved people from losing money, but if they didn't restrict trading who knows how much higher it could have gone.

It would've crashed eventually, and the people getting in later would've been in even more trouble.

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g980
02/04/21 7:00:07 PM
#34:


If you ever wonder "what kind of person falls for conspiracy theories"

and you think RH conspired with hedge funds despite any lack of actual evidence
despite actual regulations explaining the shutdown

Then congratulations, this is how people fall for conspiracy theories. It validates your prejudices and you really really want it to be true
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BignutzisBack
02/04/21 7:02:13 PM
#35:


Axiom posted...
This dude is more delusional than the people buying gamestop at 300 a share

^ So are the people above


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CE_gonna_CE
02/04/21 7:04:42 PM
#36:


Squall28 posted...
It would've crashed eventually, and the people getting in later would've been in even more trouble.
This

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3PiesAndAFork
02/04/21 7:08:03 PM
#37:


Squall28 posted...
It would've crashed eventually, and the people getting in later would've been in even more trouble.
I think more like the same amount of trouble. They would have still bet the farm, just gotten fewer shares out of it.
E: regardless of how high it went, someone would have lost.

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Delirious_Beard
02/04/21 7:08:44 PM
#38:


not looking forward to the impending cult when reality truly sets in for those people

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Squall28
02/04/21 7:10:23 PM
#39:


3PiesAndAFork posted...
I think more like the same amount of trouble. They would have still bet the farm, just gotten fewer shares out of it.
E: regardless of how high it went, someone would have lost.

It would've been a bigger percentage drop. Instead of losing half their farm, they lose 3/4 their farm.

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You can't go back and change the beginning, but you can start where you are and change the ending.
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WingsOfGood
02/04/21 7:13:21 PM
#40:


g980 posted...
If you ever wonder "what kind of person falls for conspiracy theories"

and you think RH conspired with hedge funds despite any lack of actual evidence
despite actual regulations explaining the shutdown

Then congratulations, this is how people fall for conspiracy theories. It validates your prejudices and you really really want it to be true

*edit* RH did save people from losing money, but it was 100% incidental and they dgaf if people want to blow their money on a meme

so I guess AOC falls for conspiracies?
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CruelBuffalo
02/04/21 7:16:51 PM
#41:


WingsOfGood posted...


so I guess AOC falls for conspiracies?

I mean Robinhood and other companies need to have firm guidelines on when they can and cannot remove buys from stocks. Its the secret and abruptness that is problematic.
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3PiesAndAFork
02/04/21 7:16:54 PM
#42:


Squall28 posted...
It would've been a bigger percentage drop. Instead of losing half their farm, they lose 3/4 their farm.
Fair enough

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@('_')@
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Delta_F14
02/04/21 7:19:16 PM
#43:


Yes, RH and the other brokerages saved money for the hedgefunds when the crashed the price, allowing those brokerages to cover at like $135.

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g980
02/04/21 7:49:42 PM
#44:


WingsOfGood posted...


so I guess AOC falls for conspiracies?


maybe? afaik she's only asked for hearings but i don't really pay close attention to her
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