Well, after Discord took down the WSB server, and Reddit made the community private, it seems GME and AMC are not doing too well.
Hedge fund guys are not my favorite kind of people, but these dweebs are right down there with them. They see themselves as modern day Robin Hoods (quite literally using the trading platform) when in reality they are nothing more than scammers, using regular people’s savings who don’t know any better to help them “take down the hedge funds.”
The amount of vitriol on that subreddit is just amazing to me. Reading it the last 24 hours or so both amazes me and sickens me.
In addition to the bans on purchasing and (the one valid action) of increased margin requirements, RH users got notification that RH will arbitrarily sell their calls at market today instead of tomorrow whenever they seem it will artificially drop the price the most and the spread are highest…
New York, New York–(Newsfile Corp. - January 28, 2021) - Levi & Korsinsky,
LLP, a national securities law firm that has recovered hundreds of millions of
dollars for investors, announces that it has commenced an investigation
against Robinhood and other popular retail trading platforms on behalf of
investors who invested or were prevented from investing in GME and other
stocks pursuant to trading bans on these stocks."
Time to short IBKR? Or do you think they’ll block shorting of themselves?
1.Margin shortfalls (in accounts that have short positions). But they claim to have already moved up margin requirements through the roof. Unless they’re giving special exceptions to some special clients and helping them recover their negative balances through the manipulation.
Third parties that have financial ties and short positions. Which he mentioned in the video “financial health of our intermediaries”
Melvin and related hedge funds with massive short positions.