Idaho
blah blah blah
And smashing the system has only ever succeeded in mass murder and the creation of some of the worst governments humans have ever endured.
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Redditors vs the hedge funds
- Thread starter NoXion
- Start date
8ball
Decolonise colons!
skyscraper101
0891 50 50 50
Yuwipi Woman
Whack-A-Mole Queen
I don't want to smash the system. That would hurt a lot of innocent people. I'd rather replace it with something better in such a way that no one really noticed until it was the dominant paradigm.
NoXion
Craicy the Squirrel
You know what's sad? I have massive piles of 1p and 2p coins and I've just realised that I could have made a day of it before this thrice-cursed pandemic.
8ball
Decolonise colons!
8ball
Decolonise colons!
Though it would be hard to keep it from even the dimmest of corporate lawyers that working on a collectivised farm wasn't a significant change of job style.
Brainaddict
slight system overdrive
This is interesting, allegedly robinhood and a few other platforms that small traders use are blocking trade in GME. Their reddit customers are ANNOYED about it. Remains to be seen if it's temporary or if the platforms have had their arms twisted to stop the game.
likesfish
You can't park here sir
if they manage to tank a Hedge fund it will be fucking hilarious 
.
obviously not as a funny as the hedge fund scum being strung up from the nearest lampost but that would involve mobs gathering so this is social distancing and the fuckers are still alive and can see their brilliant scam crashed by neckbeards in cellars which is possibly funnier
.obviously not as a funny as the hedge fund scum being strung up from the nearest lampost but that would involve mobs gathering so this is social distancing and the fuckers are still alive and can see their brilliant scam crashed by neckbeards in cellars which is possibly funnier
8ball
Decolonise colons!
Seems like it's not so much the wrong game as the wrong players.
Yuwipi Woman
Whack-A-Mole Queen
Co-ops have a long history in US agriculture. There's no reason other industries couldn't be arranged in a similar format and fit in perfectly well.
redsquirrel
This Machine Kills Progressives
Even if all businesses were co-ops that would not change the system. Nor are co-ops necessarily better employers than other businesses
stdP
One Swiss dinosaur in Polly Gosling's anorak hood
A lot of people in this game are buying on margin, and buying on margin for stock that is being unrealistically pumped (albeit as two fingers to a hedge fund) so if we're being charitable about it, they might be applying the brakes to stop people losing their shirt on overinflated stocks (which can have a knock-on effect on the trading platform itself).
If pressure is being applied behind the scenes, it's something the FCA and SEC and friend usually keep a very close eye on (if you have any faith in them of course).
Edit: just checked and Robin Hood has apparently cut off buys completely regardless of margin and is offering sells on holds only. Which smells like direct market manipulation to me, given that as far as I can tell the buys, though silly, are still legal.
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8ball
Decolonise colons!
That's not what I meant. I meant there would be no corporate lawyers in a sane world.
ska invita
back on the other side
yeah i cant see on what grounds they can stop this app and so on.
what other options are there for people? How do you buy shares? Do you have to go through a broker? What do they use?
wayward bob
i ate all your bees
mr b is very sad for his dogecoins 
Yuwipi Woman
Whack-A-Mole Queen
No, they aren't. You'd have to foster growth in unions and work toward democratizing the workplace to start moving that direction. The point I'm making is that it doesn't have to be a huge change all at once, it only has to move that direction over time until the old system isn't viable.
"Smashing the system" probably won't change the system long-term either, because people will just build it back in a form they're familiar with. Its difficult to know what real freedom looks like if you've never had it before.
Flavour
hang the bankers
as far as I know Robin Hood is actuallly more about options trading than normal "boomer" stock trading, but there are numerous platforms that do similar. Plus 500, DEGIRO, eToro, there are loads
stdP
One Swiss dinosaur in Polly Gosling's anorak hood
I'm the wrong person to ask really as I don't use it myself (I avoid the stock market like the plague where possible) but I do find it amusing/morbidly fascinating to watch from what I hope is a safe distance.
But as far as I'm aware, Robin Hood is essentially a trading firm that is mostly used by small investors via a mobile app. Install app, chuck some moolah their way, start buying/selling and all the rest of it; so it's a very low barrier to entry compared to old-school "serious" trades done through brokers or investment firms. On one side it gives a lot of people the opportunity to try their hand at trading, on others it might be seen to make losing a lot of money very easy for people who don't fully understand the system. For instance, Robin Hood makes buying on margin (essentially the never never) very easy; one customer killed themselves after getting themselves 750k in debt. They've also had a couple of fairly basic coding errors (including one that let you borrow infinite money) as well as accusations of selling customer's trades to high frequency trading firms (who could get in on the action before the RH could). I dare say there's more dirt for those who want to dig but suffice to say I wouldn't trust them myself.
8ball
Decolonise colons!
Essentially the never never, but to make it a little clearer to posters, the intention is more like, say, if you thought the price of a house was going to go up, and it was sat on the market, it's like paying someone to sort you a very short-term mortgage on the house (let's say the house costs 250k), and when it goes up to say 275k, then you sell the house and pocket the 25k (minus fees, taxes etc.).
As opposed to getting a proper mortgage where you need to convince someone you can afford the actual house and not a little just a little stop-gap dodgy mortgage setup fee.
The problem is that you were never good for a 250k mortgage in the first place, so if the house price drops to 225k, you're 25k in the hole on the deal and someone is looking for you to pay back the 250k you borrowed in the first place, which you weren't good for.
At least I think that makes it kind of clearer...
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hitmouse
music obfuscation technology
Doesn't it do that every day anyway?Reddit keeps falling over today. I imagine that's becuase it is FRoNtPaGe NewZ and 1m normies are popping in to see what's what
wayward bob
i ate all your bees
Boris Sprinkler
Dont be scared
All the hedgefund needs to do is get a second job, stop taking Ubers everywhere and cut back on the lattes and avocado toast.
steveseagull
Well-Known Member
The hedge funders could learn coding.
stdP
One Swiss dinosaur in Polly Gosling's anorak hood
It'd be more fun trying to watch them learn ballet.
Price is yo-yoing all over the shop since the Robin Hood ban came in to effect, I have to wonder if large swathes of the "little people" are being cut out of the trades then who is doing the buying and selling.
Price is yo-yoing all over the shop since the Robin Hood ban came in to effect, I have to wonder if large swathes of the "little people" are being cut out of the trades then who is doing the buying and selling.
8ball
Decolonise colons!
And in this case you're borrowing to buy a house that was only worth £15k 2 weeks ago with no real reason to be worth any more other then some tulip madness style hype.
I think I'm missing a big point of what's going on here. What's the end game, lose a load of personal money in order to make some hedge funds lose some of their clients money? Is there some mechanism I'm don't know of where the short sellers will be forced to buy the shares at a higher price in order to fulfil their position? Even then surely people will start to sell at that point bringing the price down.
As far as I can see the only people who will win are those who got in early (and probably the people pumping the stock on WSB). The underlying stock is still a shitty old game store that's running on limited time.
Note - edited the amount as I was out by a factor of 10x in the even crazier direction
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