OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

[M-C-G]

That clip is exactly why so many people are so happy to buy into it.

Yep, it is basically 'go back to what you were doing NOW, you are f-ing things up for us, you peasant simpletons!'

[machu46]

Fairly certain I'll end up losing money on these stocks by the time the dust settles, but it's nothing I can't afford to lose. I feel really bad for the people that don't know what they're doing and likely jumped right in with the riskiest types of investments. People are gonna emerge from this with inescapable mountains of debt if they aren't careful.

I am sure some will, but the majority of the WSB comments, a WHOLE lot of people are ready to lose their investment, if it can draw blood. I think this has moved beyond an investment for at least 1.5M people, I mean you have Republicans and Democrats working together to call out the market manipulation. In addition you probably have 50-75M more Americans that now know that there is a thing called 'shorting' stocks and how unethical these funds can behave.

Yeah, not buying at all that this is to "protect investors." Like you said, everything I've read and everyone I know personally did this to screw over Melvin Capital. Of course they're also hoping to make some, or in some cases a lot, of money along the way but it seems everyone buying into this, especially right now, is prepared to lose it.

No doubt this is mainly about protecting their beloved hedge funds. I do think it's technically true that this will protect people from themselves, but they could have taken other actions to do that without going to these lengths to also save the hedge funds. It's definitely mainly about helping them rather than us.

[REDDzone]

I just deactivated robinhood.

[M-C-G]

I do think it's technically true that this will protect people from themselves

And if this short squeeze ends up working? You just protected people from making money, potentially life changing money. On WSB the number of stories with people that have made enough money to have operations, pay off medical bills, etc. is STAGGERING. I actually love seeing them.

I think it is kind for people to give hedge funds that have been manipulating the market for decades, draining hard earned money out of people's pockets, that in this one instance they are going to save you from yourself, it's a kind thought.

In reality with the kind of money that is at stake, they literally are committing crimes and manipulating the market right in front of everyone, not even hiding it. Those aren't the kind of people that 'look out for the little guy'.

****, I am hoping Cohen and some of these higher profile guys in on this have a good security detail. Like a really good one.

[WeekapaugGroove]

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[emunney]

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Wowwww

[Matches Malone]

I just deactivated robinhood.

I just deactivated my Stash account after they cancelled some of my AMC purchases. That's messed up lol.

[Kerb Hohl]

I just deactivated robinhood.

I just deactivated my Stash account after they cancelled some of my AMC purchases. That's messed up lol.

Unfortunately, while this is sticking it to the platforms that boned everyone, this also puts the nail in the coffin at second rallies, right? Unless everyone can somehow quickly get on Fidelity before the hedge bros get out of everything.

I mean I know Robinhood is going to keep everyone locked out until the hedge boys have the all clear, but I think there is no hope now.

[MartyConlonOnTheRun]

Man robinhood must really be beholden to their hedge overlord's because this is basically going to ruin them as a legit company going forward. A huge chunk of people will never use them again but they had to know that before making the decision to halt buying.

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Have they said anything as to why? I got to think it has more to do with either liability or they over extended credit to users and they had to much exposure if it crashed.

Or it really is a powerplay by the institution?

That could be. Will be interesting to find out the actual why. I guess I shouldn't make assumptions but if they didn't expect halting those stocks to severly and probably permanently damage their reputation then they are complete morons.

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The only reason I think it is that because of what you said. They want to make trading as easy and as possible. They know preventing trades during their super bowl will be a PR nightmare.

[machu46]

I do think it's technically true that this will protect people from themselves

And if this short squeeze ends up working? You just protected people from making money, potentially life changing money. On WSB the number of stories with people that have made enough money to have operations, pay off medical bills, etc. is STAGGERING. I actually love seeing them.

I think it is kind for people to give hedge funds that have been manipulating the market for decades, draining hard earned money out of people's pockets, that in this one instance they are going to save you from yourself, it's a kind thought.

In reality with the kind of money that is at stake, they literally are committing crimes and manipulating the market right in front of everyone, not even hiding it. Those aren't the kind of people that 'look out for the little guy'.

****, I am hoping Cohen and some of these higher profile guys in on this have a good security detail. Like a really good one.

Again, I'm not saying that's actually why they're taking these steps. They're clearly trying to protect the hedge funds. "Protecting (some) people from themselves" is a side effect of it though. In the event that the squeeze works, there will obviously be many people that make a lot of money. There will also be people that don't time it well because they're novices and they will end up in debt.

I'm not saying this is the right decision for these trading platforms to make; I think it pretty clearly is not. But these squeezes are both a huge opportunity and also a very dangerous thing for people that don't know what they're doing, and that is a very large proportion of the people that are getting behind this.

There's already been countless stories of people being driven to suicide and or inescapable levels of debt this year because they started investing in things like this that they don't understand. There will undoubtedly be more of those stories coming from this as well (along with some amazing success stories).

I too have loved scrolling through WSB and seeing the stories of people paying for their parents' cancer treatment, buying their first house, getting engaged, etc. all from this out-of-nowhere opportunity. But as with any extremely volatile environment, it's going to be a mix of extreme good and extreme bad.

[REDDzone]

I just deactivated robinhood.

Update...briefly re-downloaded the app to leave them a one star review. Then promptly re-deleted.

[neiLz]

i can't get into stash but this morning got the email saying i was able to purchase AMC at open. hopefully none of my other **** gets cancelled. Fidelity seems to be working for me though.

[REDDzone]

i can't get into stash but this morning got the email saying i was able to purchase AMC at open. hopefully none of my other **** gets cancelled. Fidelity seems to be working for me though.

Yea I haven't had any issues with Fidelity.

[sidney lanier]

Playing the market should never be about making a point. I feel bad for all the people who can't tell who the sucker is at the poker table, because they're it. Proceed with caution, lock in your profit if you have one, and disabuse yourself of the notion that the game is an easy one to beat and you couldn't possibly be getting played.

(Note: Feel free to keep running up AAL, though. Full disclosure: I'm long on this stock. )

[M-C-G]

I do think it's technically true that this will protect people from themselves

And if this short squeeze ends up working? You just protected people from making money, potentially life changing money. On WSB the number of stories with people that have made enough money to have operations, pay off medical bills, etc. is STAGGERING. I actually love seeing them.

I think it is kind for people to give hedge funds that have been manipulating the market for decades, draining hard earned money out of people's pockets, that in this one instance they are going to save you from yourself, it's a kind thought.

In reality with the kind of money that is at stake, they literally are committing crimes and manipulating the market right in front of everyone, not even hiding it. Those aren't the kind of people that 'look out for the little guy'.

****, I am hoping Cohen and some of these higher profile guys in on this have a good security detail. Like a really good one.

Again, I'm not saying that's actually why they're taking these steps. They're clearly trying to protect the hedge funds. "Protecting (some) people from themselves" is a side effect of it though. In the event that the squeeze works, there will obviously be many people that make a lot of money. There will also be people that don't time it well because they're novices and they will end up in debt.

I'm not saying this is the right decision for these trading platforms to make; I think it pretty clearly is not. But these squeezes are both a huge opportunity and also a very dangerous thing for people that don't know what they're doing, and that is a very large proportion of the people that are getting behind this.

There's already been countless stories of people being driven to suicide and or inescapable levels of debt this year because they started investing in things like this that they don't understand. There will undoubtedly be more of those stories coming from this as well (along with some amazing success stories).

I too have loved scrolling through WSB and seeing the stories of people paying for their parents' cancer treatment, buying their first house, getting engaged, etc. all from this out-of-nowhere opportunity. But as with any extremely volatile environment, it's going to be a mix of extreme good and extreme bad.

Totally agree and I didn't mean that directed at you or as a slight. More my disdain for how the institutional investment community doesn't care about your everyday person.

[ABucksFan]

Wait wtf....they are closing people's positions without their consent wtf?

[M-C-G]

Playing the market should never be about making a point. I feel bad for all the people who can't tell who the sucker is at the poker table, because they're it. Proceed with caution, lock in your profit if you have one, and disabuse yourself of the notion that the game is an easy one to beat and you couldn't possibly be getting played.

(Note: Feel free to keep running up AAL, though. Full disclosure: I'm long on this stock. )

Respectfully, people use their money to make a point all the time. I'm not saying I don't think you understand the motivation behind this stand, but if you do, I don't think you appreciate what the people are doing.

[ABucksFan]

Playing the market should never be about making a point. I feel bad for all the people who can't tell who the sucker is at the poker table, because they're it. Proceed with caution, lock in your profit if you have one, and disabuse yourself of the notion that the game is an easy one to beat and you couldn't possibly be getting played.

(Note: Feel free to keep running up AAL, though. Full disclosure: I'm long on this stock. )

Respectfully, people use their money to make a point all the time. I'm not saying I don't think you understand the motivation behind this stand, but if you do, I don't think you appreciate what the people are doing.

Some people just don't get it.

[sidney lanier]

Playing the market should never be about making a point. I feel bad for all the people who can't tell who the sucker is at the poker table, because they're it. Proceed with caution, lock in your profit if you have one, and disabuse yourself of the notion that the game is an easy one to beat and you couldn't possibly be getting played.

(Note: Feel free to keep running up AAL, though. Full disclosure: I'm long on this stock. )

Respectfully, people use their money to make a point all the time. I'm not saying I don't think you understand the motivation behind this stand, but if you do, I don't think you appreciate what the people are doing.

I like making rhetorical points, too. Just don't make them with money you can't afford to lose, because the people you're competing with are playing by different rules.

[machu46]

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I really hope that email is a photoshop. That is insane if not. Just so happened to sell the dude's stock at the one moment in time that it dipped too. Yikes.