ivomm
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Activity: 1888
Merit: 3081
All good things to those who wait
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January 29, 2021, 03:28:06 PM |
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I can imagine a new hollywood movie coming out later this year. The plot would be: "How a bunch of nerd gamers almost crashed the world economy. Thanks to a misteryous call, the infamous robinhood platform prevented the massive short squeeze and saved the Wall Street brokers from bancruptcy. This will be a lesson for all shorters for the times to come.."
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fillippone
Legendary
Online
Activity: 2324
Merit: 16573
Fully fledged Merit Cycler - Golden Feather 22-23
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January 29, 2021, 03:29:13 PM Merited by JayJuanGee (1) |
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The SEC is going to look into what has just happened: Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market VolatilityThe Commission is closely monitoring and evaluating the extreme price volatility of certain stocks’ trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week’s extraordinary trading volumes. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence. As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation. The Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing. The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities. The Commission will continue our work on behalf of investors and the markets. In this regard, we hope to facilitate a robust public dialogue among market participants and investors on the structure and operation of our securities markets. Members of the public can submit tips or complaints through the Commission’s website using this online form. Members of the public with questions should contact the Commission’s Office of Investor Education and Advocacy at 1-800-732-0330, ask a question using this online form, or email us at Help@SEC.gov. I can see the guys at Citadel shitting in their pants /s
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Torque
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Activity: 3710
Merit: 5286
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January 29, 2021, 03:36:38 PM Last edit: January 29, 2021, 04:40:54 PM by Torque |
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I can imagine a new hollywood movie coming out later this year. The plot would be: "How a bunch of nerd gamers almost crashed the world economy. Thanks to a misteryous call, the infamous robinhood platform prevented the massive short squeeze and saved the Wall Street brokers from bancruptcy. This will be a lesson for all shorters for the times to come.."
The movie should be called "The Big Long". Would make a nice bookend to that other movie, lol.
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MERlT
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Activity: 162
Merit: 32
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January 29, 2021, 03:38:33 PM |
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The SEC is going to look into what has just happened: Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market VolatilityThe Commission is closely monitoring and evaluating the extreme price volatility of certain stocks’ trading prices over the past several days. Our core market infrastructure has proven resilient under the weight of this week’s extraordinary trading volumes. Nevertheless, extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence. As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation. The Commission is working closely with our regulatory partners, both across the government and at FINRA and other self-regulatory organizations, including the stock exchanges, to ensure that regulated entities uphold their obligations to protect investors and to identify and pursue potential wrongdoing. The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities. In addition, we will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws. Market participants should be careful to avoid such activity. Likewise, issuers must ensure compliance with the federal securities laws for any contemplated offers or sales of their own securities. The Commission will continue our work on behalf of investors and the markets. In this regard, we hope to facilitate a robust public dialogue among market participants and investors on the structure and operation of our securities markets. Members of the public can submit tips or complaints through the Commission’s website using this online form. Members of the public with questions should contact the Commission’s Office of Investor Education and Advocacy at 1-800-732-0330, ask a question using this online form, or email us at Help@SEC.gov. I can see the guys at Citadel shitting in their pants /s Criminals investigating criminals..... yawwwwn!
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 29, 2021, 03:48:02 PM |
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Robinhood opened trading back up for Gamestop after getting an extra $1 billion from investors.
Gamestop price up over $300.
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aesma
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January 29, 2021, 03:50:21 PM |
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In other news anydesk is down worldwide for several hours, so I can't work. Yay !
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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January 29, 2021, 03:58:11 PM |
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Torque
Legendary
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Activity: 3710
Merit: 5286
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Robinhood opened trading back up for Gamestop after getting an extra $1 billion from investors.
Gamestop price up over $300.
What people don't realize is how this whole GME debacle has exposed a much larger, more sinister issue at hand. Why are American Hedge Funds massively shorting hundreds of small-cap, mainstreet mom and pop value stocks, while going long only a handful of Hi Tech large-cap growth stock companies? Hmmm? Well let's see.... 1. Each time the Fed prints more trillions $$$ fiat, each dollar printed produces less and less GDP growth. They can't have all those new fiat dollars dilluted across thousands of stocks, because then they wouldn't be able to prop up the market. So in order for those fiat dollars to have any effect on high flying stock prices, they need to be concentrated, funneled onto just a few favored stocks. Like the FAANGS. Pump the few FAANGS, and tether all other market indexes to them. Short the hundreds of main street stocks that don't matter. "You shouldn't fight the Fed."2. Put the businesses you hate/don't fit your future NWO out of business; prop up the ones that do fit your NWO and make them gain in market share. Wall Street is literally now betting *against* main street America. And Covid-19 helped them.
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jojo69
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Activity: 3318
Merit: 4606
diamond-handed zealot
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January 29, 2021, 04:03:51 PM |
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Robinhood opened trading back up for Gamestop after getting an extra $1 billion from investors.
Gamestop price up over $300.
What people don't realize is how this whole GME debacle has exposed a much larger, more sinister issue at hand. Why are American Hedge Funds massively shorting hundreds of small-cap, mainstreet mom and pop value stocks, while going long only a handful of Hi Tech large-cap growth stock companies? Hmmm? Well let's see.... 1. Each time the Fed prints more trillions $$$ fiat, each dollar printed produces less and less GDP growth. They can't have all those new fiat dollars dilluted across thousands of stocks. So in order for those fiat dollars to have any effect on high flying stock prices, they need to be concentrated, funneled onto just a few favored stocks. Like the FAANGS. Pump the few FAANGS, and tether all other market indexes to them. Short the hundreds of main street stocks that don't matter. "You shouldn't fight the Fed."2. Put the businesses you hate/don't fit your future NWO out of business; prop up the ones that do fit your NWO and make them gain in market share. Wall Street is literally now betting *against* main street America. And Covid-19 helped them.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 29, 2021, 04:13:39 PM |
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I used to be a defense contractor. One of my friends still in that world told me "Rumor has it the military is telling contractors they can't buy in to crypto"
When I was in, there were similar guidances with regards to things they felt a threat to their order.
They enforce it by holding your clearance over your head.
The whole point being that if Bitcoin replaces the dollar they lose their printing press funding their decades long wars.
Bitcoin is the destroyer of long term wars. They're finally figuring out what we've known all along. And they're scared.
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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Got one share GME. Set sell order at 50k. Diamond hands. Waiting for squeeze. Buy BTC. HODL.
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Thanos01
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Activity: 108
Merit: 34
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January 29, 2021, 04:37:43 PM |
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Why i dont see this thread active when bitcoin or the market dumps , FOMO exist also in this topic lol
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dieselmeister
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January 29, 2021, 04:49:29 PM |
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Why i dont see this thread active when bitcoin or the market dumps , FOMO exist also in this topic lol
The market is down 7% 9% 10%* ...so here is activity when the market plumed... *It went up 21% hours before...
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vapourminer
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Activity: 4494
Merit: 4069
what is this "brake pedal" you speak of?
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January 29, 2021, 04:52:12 PM Merited by JayJuanGee (1) |
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Why i dont see this thread active when bitcoin or the market dumps , FOMO exist also in this topic lol
cuz we are always hung over from the parties for weeks after any uppity moves. so some of us arent conscious to notice the smaller (less than say 50%) dumps
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nanobtc
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January 29, 2021, 04:55:45 PM |
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Hmm, Coinbase overloaded? "We're having connection trouble, but your funds are safe".
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dieselmeister
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January 29, 2021, 04:59:24 PM |
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Hmm, Coinbase overloaded? "We're having connection trouble, but your funds are safe".
Kraken is also in a lnger maintance mode. 1 or 1,5h yet, I think.
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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January 29, 2021, 05:00:28 PM |
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Got one share GME. Set sell order at 50k. Diamond hands. Waiting for squeeze. Buy BTC. HODL.
Setting the order may prevent the share from being lend out again. Legend
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xhomerx10
Legendary
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Activity: 4004
Merit: 8789
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January 29, 2021, 05:14:29 PM Merited by JayJuanGee (1) |
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I used to be a defense contractor. One of my friends still in that world told me "Rumor has it the military is telling contractors they can't buy in to crypto"
When I was in, there were similar guidances with regards to things they felt a threat to their order.
They enforce it by holding your clearance over your head.
The whole point being that if Bitcoin replaces the dollar they lose their printing press funding their decades long wars.
Bitcoin is the destroyer of long term wars. They're finally figuring out what we've known all along. And they're scared.
No, it's all good now. Bitcoinist(a)s can serve in uniform. https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/25/executive-order-on-enabling-all-qualified-americans-to-serve-their-country-in-uniform/edit: oh wait, that only applies to transgender Bitcoinist(a)s. Guess I should have read it all rather than just the headline
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aesma
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January 29, 2021, 05:21:56 PM |
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If Bitcoiner can be a gender or identity then you're good !
Too bad for Kraken, I can't do my usual arbitraging.
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jojo69
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Activity: 3318
Merit: 4606
diamond-handed zealot
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