Whats the deal with /r/wallstreetbets and can Pakistani's benefit?

[Shehr Abbasi]

What do brokers gain by stopping the purchasing of GameStop stocks?

Robinhood is owned (or associated in some capacity) by the same hedge funds that are billions of dollars in the negative.

 

[_NOBODY_]

Robinhood is owned (or associated in some capacity) by the same hedge funds that are billions of dollars in the negative.

So only Robinhood is stopping the purchasing of GameStop stocks?

 

[tower9]

Yup. They got a new server now too. I'm already in it.


Elon Musk tweeted about it a month ago and the price slowly rose......then he tweeted about it yesterday or 2 days ago and the price rose again.

He wrote "signal" like a month ago on twitter and this random *** stock named Signal had it's price go from below $1 to $35 and even up to $70 for a few minutes LOL


Well, it is a truly free country. At least freer than any other I have ever visited or heard about......I mean, nothing is great anywhere on this planet but who dreams about going to China and making a living??

People might go there to visit or do business but almost everyone does (or used to; many still do) dream about going to the West or at least the US in Pakistan and around the world.

Another thing......a lot of rich Chinese are buying properties in Australia....since all land in China is under CCP control.....no private property. Who wants to live in such a country lol??

Well....I don't want to derail this thread so I'll stop.

Have you ever been to China? It’s literally the site of the greatest wealth creation in our times. Their number of billionaires will soon surpass the US.

The reason why wallstreebets is such a huge hit is because normal Americans are so fed up of the plutocracy and how Wall Street fat cats have rigged the entire economy and government just to enrich themselves.

 

[Shehr Abbasi]

So only Robinhood is stopping the purchasing of GameStop stocks?

I think some other brokers are doing it too, but they are the most aggressive and blatant one. Mind you, wide majority (probably 90%) of WSB Redditors use Robinhood.

 

[Itachi]

TD is the same broker that Warren Buffet uses right?

Don't know but TD is a good.

What do brokers gain by stopping the purchasing of GameStop stocks?

Well, it's the hedge funds and their cronies who're trying to stop the price from flying higher...

Basically this all started an year ago....or I think 16 months ago when Melvin Capital, Citron and some other hedge funds decided to buy and hold GME stocks.....there's this term for it which I forgot....basically holding it so that the price goes lower, betting that it would go lower and making a profit off of it somehow.........which it did..........down to $2.80 as you can see in the below screenshot.

When the guys at r/WallStreetBets got a hold of this news....they decided to **** these hedgefunds (around 5-10 of them) and decided to buy GME stock. So the tactic of the hedge funds backfired and the stock price literally shot towards the moon lol as you can see above.

Costing the hedge funds hundreds of millions, if not billions, in loses.

Have you ever been to China? It’s literally the site of the greatest wealth creation in our times. Their number of billionaires will soon surpass the US.

The reason why wallstreebets is such a huge hit is because normal Americans are so fed up of the plutocracy and how Wall Street fat cats have rigged the entire economy and government just to enrich themselves.

Billionaires in terms of USD or Yuan? Either way, the CCP has sway over China. The billionaires are just pawns. High CCP officials have more power than Chinese billionaires and the recent Jack Ma episode proves that.

So only Robinhood is stopping the purchasing of GameStop stocks?

WeBull and some other brokers too. But not TD and couple others.

 

[tower9]

Don't know but TD is a good.




Well, it's the hedge funds and their cronies who're trying to stop the price from flying higher...

Basically this all started an year ago....or I think 16 months ago when Melvin Capital, Citron and some other hedge funds decided to buy and hold GME stocks.....there's this term for it which I forgot....basically holding it so that the price goes lower, betting that it would go lower and making a profit off of it somehow.........which it did..........down to $2.80 as you can see in the below screenshot.

View attachment 711887

When the guys at r/WallStreetBets got a hold of this news....they decided to **** these hedgefunds (around 5-10 of them) and decided to buy GME stock. So the tactic of the hedge funds backfired and the stock price literally shot towards the moon lol as you can see above.

Costing the hedge funds hundreds of millions, if not billions, in loses.



Billionaires in terms of USD or Yuan? Either way, the CCP has sway over China. The billionaires are just pawns. High CCP officials have more power than Chinese billionaires and the recent Jack Ma episode proves that.

Are you seriously this ignorant? Look at the countries that have the most dollar billionaires. China is second only to the US where it was nowhere just fifteen years ago.
The CCP can be heavy handed although the rumors about Jack ma disappearing is sensationalistic but it shows that the billionaires do not get to run society whereas in the US both parties are run by billionaires and nothing is spent on things that help average Americans. Instead the uber rich use the stock market as a casino and use their money to control politicians and make them reduce their tax liabilities. This is why Warren buffet pays less in taxes than his secretary does. This is the entire reason why wallstreetbets has taken off, are you seriously blind to this?

 

[_NOBODY_]

@Itachi This move may have cost Robinhood their future. How are people viewing Robinhood now?

 

[tower9]

@Itachi This move may have cost Robinhood their future. How are people viewing Robinhood now?

People are hating robinhood like crazy right now but most people will still use it because it is convenient and while people like to bitch, they are lazy as ****

 

[Shehr Abbasi]

Derailer attention seeker @tower9 is here.

 

[arjunk]

If only we could put the millions of faarigh South Asian internet users to use like this....

 

[Itachi]

@Itachi This move may have cost Robinhood their future. How are people viewing Robinhood now?

It's rating went from 4 to 1 in 24 hours on Google Play........Google had to delete 100k reviews to bring it back to 3.3 or something.

RH was gonna do a IPO this year....~20B worth.....they're either not gonna do the IPO or no one big will probably buy it.

 

[tower9]

Derailer attention seeker @tower9 is here.

I’m just curious why China bashers like itachi have to turn a thread that has nothing to do with China into one bashing China even when his facts and views are completely misinformed.

 

[Itachi]

People are hating robinhood like crazy right now but most people will still use it because it is convenient and while people like to bitch, they are lazy as ****

Serious players are already on other broker accounts. RH is for newbies and beginners lol

I’m just curious why China bashers like itachi have to turn a thread that has nothing to do with China into one bashing China even when his facts and views are completely misinformed.

Because I can. Freedom of Speech.

Are you seriously this ignorant? Look at the countries that have the most dollar billionaires. China is second only to the US where it was nowhere just fifteen years ago.
The CCP can be heavy handed although the rumors about Jack ma disappearing is sensationalistic but it shows that the billionaires do not get to run society whereas in the US both parties are run by billionaires and nothing is spent on things that help average Americans. Instead the uber rich use the stock market as a casino and use their money to control politicians and make them reduce their tax liabilities. This is why Warren buffet pays less in taxes than his secretary does. This is the entire reason why wallstreetbets has taken off, are you seriously blind to this?

Yes, I'm a blind person while you're a very wise monk...

Tell me...do you own any stocks or options?

 

[tower9]

Serious players are already on other broker accounts. RH is for newbies and beginners lol


Because I can. Freedom of Speech.

Who do you think most wallstreetbets folks are? They are normies without much money. They use prole sites like robinhood and that’s why the ban on trading caused such an uproar.

 

[arjunk]

Can we please not turn this into another China vs USA thread, they're already 100s of them. Soon Indian trolls will jump in and derail it as well.