Gamestop drama - the little guys ganged up on the hedge funds.
The next Gamestop is probably on this January 13 (?) list of Highly Shorted stocks. IIRC short sale data is released every other week, so we should get an update by Monday.
« Languishing In Twitter Jail And Pondering Algorithms Run Wild | Main | Friggin' Andrew Cuomo »
The comments to this entry are closed.
How can she not be conflicted
https://mobile.twitter.com/JackPosobiec/status/1354801670237126656
Posted by: Narciso | January 28, 2021 at 11:34 AM
Um you knuckled under to the android
https://mobile.twitter.com/tyler/status/1354803431295213578
Posted by: Narciso | January 28, 2021 at 11:40 AM
Posted by: Narciso | January 28, 2021 at 11:45 AM
Typepad doesnt like the treehouse.
Posted by: Narciso | January 28, 2021 at 11:45 AM
Funny how that works
https://www.frontpagemag.com/fpm/2021/01/when-resistance-became-sedition-and-sedition-daniel-greenfield/
Posted by: Narciso | January 28, 2021 at 11:58 AM
Cui bono
https://andmagazine.com/talk/2021/01/26/the-bomb-trains/
Posted by: Narciso | January 28, 2021 at 12:08 PM
@DailyMail
Pelosi SLAMS Republicans for putting Marjorie Taylor Greene on Education Committee
https://twitter.com/dailymail/status/1354837857060478978?s=21
Don’t click, they deleted it already. Screenshot kept.
Posted by: Melinda | January 28, 2021 at 12:15 PM
Willowed:
This.
Stephen Guilfoyle @Sarge986
17m
Everybody still hating on an ongoing centralized two-sided open outcry auction market model? Didn't think so.
john davies @renegadestyle
5m
Replying to @Sarge986
Agree completely Stephen, albeit I am highly biased, but open outcry not only would have nipped this issue in the bud long before it started but would have ensured natural price discovery remains. I, as I am sure many, miss time in the pit. It should have never ended.
Stephen Guilfoyle
@Sarge986
Replying to @renegadestyle
The public has no idea that the whole idea of removing the centralized human element was to allow the big firms to internalize order flow away from actual price discovery.
https://twitter.com/Sarge986/status/1354833679424614401
[So that they could sell the first look.]
Posted by: Melinda | January 28, 2021 at 12:16 PM
Meanwhile
https://www.dailymail.co.uk/news/article-9196921/China-warns-Taiwan-Independence-means-WAR.html
Posted by: Narciso | January 28, 2021 at 12:26 PM
Why did they delete this
https://www.dailymail.co.uk/news/article-9195733/AOC-claims-Kevin-McCarthy-answers-QAnon-members-Congress-including-Marjorie-Taylor-Greene.html
Posted by: Narciso | January 28, 2021 at 12:28 PM
Watching the Democrats run to the rescue of hedge funds while the media stares in blinkered silence is funny as hell.
Posted by: Jay in PA at January 28, 2021 12:28 PM (ar94c)
Posted by: Captain Hate | January 28, 2021 at 12:33 PM
Reddit Trading 🚀
@reddittrading
If you didn't know..
Brokers like robin hood & others sell our retail trade information (order flow) to firms for around 15-17 cents on the dollar.
Ex: robin hood & citadel 👀
Firms then program ALGO's or make decisions based off of what we do.
Not investment advice 🐸
https://twitter.com/reddittrading/status/1354795423253327872
Posted by: Melinda | January 28, 2021 at 12:36 PM
They are stealing their dates captain. That cant be allowed.
Posted by: Narciso | January 28, 2021 at 12:37 PM
Well I did say yesterday that it was like the Animal House credo "only we can do that to our pledges."
Posted by: Stephanie Nene Not Your Normal Granma | January 28, 2021 at 12:51 PM
Robin Hood is owned by the Citadel hedge fund so that explains why they sided with the hedge funds to prevent the deplorables from buying more Gamestop, AMC, and Nokia stock.
How hard would it be for Gab or some other free speech/free market company to create a replacement stock trading app?
Posted by: Tom R | January 28, 2021 at 01:03 PM
Whoops!
Lydia Moynihan
@LJMoynihan
BREAKING: Class action complaint against @RobinhoodApp filed in the southern district of NY
ecf.nysd.uscourts.gov/doc1/127128425…
https://twitter.com/LJMoynihan/status/1354836830169006081
Posted by: Melinda | January 28, 2021 at 01:03 PM
Both built by slaves:
Abolish the federal reserve and the treasury
Both of them have long been rotten
https://twitter.com/ericdjuly/status/1354843379817967625?s=21
Posted by: Pinandpuller | January 28, 2021 at 01:03 PM
And the ceo of citadel peng zhao started out at lehman bros.
Posted by: Narciso | January 28, 2021 at 01:06 PM
July is kind of punking us on treasury the fed not so much.
Posted by: Narciso | January 28, 2021 at 01:07 PM
Adam Housley
@adamhousley
Looks like 90% of the unemployment fraud in California went out of state and the number could reach 50 Billion dollars. Unreal.
https://twitter.com/adamhousley/status/1354632590251024385
Posted by: Melinda | January 28, 2021 at 01:09 PM
I wonder if Peng Zhao was a card carrying member of the Chinese Communist Party before he was granted US citizenship?
Posted by: Tom R | January 28, 2021 at 01:13 PM
I for one don't want to live in an America where hedge fund billionaires might lose millions of dollars bankrupting local businesses. And this is why we have to impeach Donald Trump.
Posted by: Mitt Romney at January 28, 2021 12:57 PM (qlFIA)
Posted by: Captain Hate | January 28, 2021 at 01:25 PM
He really is a nedemeyer, at heart
Posted by: Narciso | January 28, 2021 at 01:26 PM
I've actually been to a Game Stop store and bought games for Frederick. Of course, he was with me. I am not that much a nerd or geek to go there by myself:)
The one in Bridgehampton is clerked by the biggest nerd you'd ever see.
Posted by: Jim Eagle | January 28, 2021 at 01:34 PM
Just got a call from a longtime friend up north. He is so shut down - since February, and all in on left wing prpoaganda. I lasted 42 minutes but boy it was hard!
Posted by: Jane | January 28, 2021 at 01:43 PM
RUMBLEY want YOU POOR and HIM RICH.
This freak is mentally ill.
That is, unless this is fake news.
Posted by: GUS | January 28, 2021 at 01:52 PM
Fake Mutt, guys.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:00 PM
Raheem Kassam
@RaheemKassam
If real and legit I will personally put up $2500 to help ensure this whistleblower’s financial security and THOUSANDS of others will contribute, too.
I know people hiring for technical jobs, too.
How do we connect with this person and verify the story?
https://twitter.com/RaheemKassam/status/1354863763091054595
Posted by: Melinda | January 28, 2021 at 02:04 PM
Ding, ding, ding on Mel's 12:16.
To listen to these front running, market manipulating, Fed fed, teat sucking, HF creeps crying about the purity of the market is like listening to Dems yakking about the integrity of elections or a Kennedy giving a lecture on sobriety.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:06 PM
robinhood is now closing people's positions for them.
Posted by: Melinda | January 28, 2021 at 02:12 PM
Twitter just removed Peter Navarro, one of the most genteel, respected & intelligent members of the Trump administration, for no reason. Proof this is all about destroying conservatives & has nothing to do with "violating" bogus community standards.
Posted by: Stephanie Nene Not Your Normal Granma | January 28, 2021 at 02:13 PM
Learn to Dollar Cost Average:
Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people "sitting at home getting their checks from the government, trading their stocks."
“This fair share is a bullshit concept," he shouts. "It’s a way of attacking wealthy people."
https://twitter.com/jangelooff/status/1354846320494784515?s=21
Posted by: Pinandpuller | January 28, 2021 at 02:16 PM
Relinking David Marcus's Federalist column because it's very good;
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:29 PM
What are the implications if a platform clears out your position and you get stuck with a 30% capital gains reap you didn’t want or authorize? Are they going to pull other government divisions into the maelstrom?
Posted by: Pinandpuller | January 28, 2021 at 02:30 PM
You know after I read the thing about wearing two or three or more masks I felt inspired.
It dawned on me that rather than get a new prescription for my vision I could just layer two or three of my glasses over each other.
I'm going to go drive to town and see how it works.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:32 PM
Hmm, speaking of UI fraud, I just got an e-mail from my employer:
Obviously I had not, but now I need to be concerned about ID theft. Wouldn't someone need by SS number to put in a fraudulent UI claim?
Posted by: jimmyk | January 28, 2021 at 02:34 PM
Depends on the language used in the new account form that they signed to open the account in the first place. Usually this is quite legal , and only subject to arbitration. Industry practice has everyone sign away the right to sue on the account opening. Totally normal. The Risk Officer would make the call, in coordination with legal counsel.
Posted by: Melinda | January 28, 2021 at 02:36 PM
My neighbor just stopped over. He’s a conservative married to a liberal and boy did he have a lot of steam to blow off - until his wife texted him - and I qu9ote: “WTF”.
It’s getting crazy out there.
Posted by: Jane | January 28, 2021 at 02:41 PM
Mel,
Can you explain to me what the whistleblower is reporting on?
Posted by: Jane | January 28, 2021 at 02:42 PM
If you hear a rustle in your hedge fund, don’t be alarmed now
It’s just the raping of the crime ring
Posted by: Pinandpuller | January 28, 2021 at 02:43 PM
About that moral hazard of forcing my legal nail salons to close:
Free Beacon "...Power the Future founder and executive director Daniel Turner told the Free Beacon that a climate emergency declaration would permit Biden to "abolish whole industries."
"The environmental movement has wanted this for some time now, but nobody has ever claimed it," Turner said. "Now that politicians have had a taste of how much power they can wield by declaring a national emergency, there's no reason why they wouldn't do it with climate."
Well duh!
Once they got away with last March so easily, it was just like letting Lois Lerner laugh at the Rule of Law.
Posted by: Old Lurker | January 28, 2021 at 02:47 PM
Jane @ 2:42
The whistleblower is saying someone from the White House and Sequoia Capital called the management of Robin Hood and told them to shut down trading on stocks like Gamestop, Amc ETC.
Posted by: Tom R | January 28, 2021 at 02:50 PM
Neither one of these links addresses the obvious and disgusting prog manipulation of our society and lives for their political ends re Wuflu but they both demonstrate the awful, cynical stupidity of what they did;
All Hail the Reopening!
and
Scott Atlas: Will The Truth On COVID Restrictions Really Prevail?
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:55 PM
Facebook Oversight Overturns Four Out Of Five Cases In Victory For Free Speech
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:56 PM
The brass market is so tight right now John Kerry wants his medals back.
Posted by: Pinandpuller | January 28, 2021 at 02:57 PM
That the founder took phone calls from both the White House and Sequoia Capital to make it stop.
Posted by: Melinda | January 28, 2021 at 02:57 PM
I don't even think a mentally impaired POTUS like Biden would interfere with the stock market but then I am reminded of one Richard Nixon ....
Posted by: Jim Eagle | January 28, 2021 at 02:57 PM
Is The Reddit Rebellion About To Descend On The Precious Metals Market?
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:57 PM
70.87 Billion Reasons Why The Retail Brokers Just Betrayed Their Customers
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 02:58 PM
And finally, speaking of Nixon and stupid economic decisions;
Nixon Closed The Gold Window And All I Got Was This Lousy National Debt
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 03:00 PM
Mel,
To what end?
Posted by: Jane | January 28, 2021 at 03:01 PM
Thanks Tom, why did the WH want it shut down. I missed it
Posted by: Jane | January 28, 2021 at 03:02 PM
Ok, now I’ve got it - GameStop. Because the WH wants only hedge funds to win. How democrat!
Posted by: Jane | January 28, 2021 at 03:04 PM
Also,
No one wants to be the next Lehman out of the school of failed trades.
Posted by: Melinda | January 28, 2021 at 03:09 PM
Schachtel has gottliebs number.
Posted by: Narciso | January 28, 2021 at 03:13 PM
Took calls or made calls.
Posted by: Narciso | January 28, 2021 at 03:17 PM
BREAKING: Today ABC News President James Goldston announced he has decided to move on from the news division after 17 years.
https://twitter.com/ajkatztv/status/1354876977384194060?s=20
Posted by: Melinda | January 28, 2021 at 03:17 PM
When have they done news
https://mobile.twitter.com/julie_kelly2/status/1354886716016963587
Posted by: Narciso | January 28, 2021 at 03:21 PM
Spengler;
Trump Won't Get Credit, but the U.S. Will Be The First Western Nation to Crush COVID
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 03:23 PM
Ig's 3:00 on Gold was a good one.
Posted by: Old Lurker | January 28, 2021 at 03:24 PM
Wretchard's Latest;
The Perils of Editing History
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 03:27 PM
After digesting the Gold thing, ponder exactly how the fall of the value of a dollar has been 80% since Nixon delinked it to gold, and how the Feds came to spy on everything about every American in spite of the FISC "protections".
In both cases, even dolts knew that eliminating safeguards and fences could lead to really bad outcomes. But in both cases the Sheeple were told by government "Yes, we know the dangers, but we are grownups and we will not let those bad things happen. Trust us."
We all know what Jake from State Farm sitting in his cubicle at the NSA did to Carter Page and Donald Trump.
It was known that the link between gold and dollars limited inflation, deficit spending, and National Debt. But the Grownups said "those bad things cannot ever happen because we have a Budget Process and a Debt Ceiling written into law that only Congress and the President can change...and that can NEVER happen.
Law of nature.
Posted by: Old Lurker | January 28, 2021 at 03:33 PM
I see the press corp has decided they are being fed mush and have turned on America's dunce, Jen Psaki. To give you a example of Biden brilliance, this is the peson he picked to tell his story to the world. Unbelievable.
Posted by: Jim Eagle | January 28, 2021 at 03:36 PM
DC now America’s “forbidden city”. How Chinese.
@macfarlanenews
PERMANENT SECURITY FENCING coming to US Capitol.
New statement from acting US Capitol Police chief: "Vast improvements to the physical security infrastructure must be made to include permanent fencing"
Posted by: henry | January 28, 2021 at 03:40 PM
Howie Carr texter:
Biden and two of his Cabinet members:
Droolin', Blinken and Yellen.
Posted by: Dave (in MA) | January 28, 2021 at 03:40 PM
Hacky psaki shirley you gest.
Posted by: Narciso | January 28, 2021 at 03:41 PM
When do they bring in the peacekeepers?
Posted by: Narciso | January 28, 2021 at 03:45 PM
I love the gameshares ploy I must be evil. And I love the guy who runs Chewy and who believed in gameshares so it's doubleplus good.
Posted by: clarice | January 28, 2021 at 03:47 PM
Why we need to break the hedge funds.
@WSJ
Frustrated by corporate inaction on carbon emissions, a billionaire hedge-fund manager is bankrolling an unprecedented campaign to turn the S&P 500 green
Posted by: henry | January 28, 2021 at 03:48 PM
Ironically Horse face has "HIS" medals. The ones he tossed over the fence for the cameras, belonged to some one else. As does his money.
Posted by: GUS | January 28, 2021 at 03:56 PM
Thats frenchs mustard obtuse
https://mobile.twitter.com/jimgeraghty/status/1354869919511416832
Posted by: Narciso | January 28, 2021 at 03:58 PM
Budding Protege:
Avalon Penrose
@avalonpenrose
a normal person explains what’s happening on the stock market:
https://twitter.com/avalonpenrose/status/1354496683938201600
Posted by: Melinda | January 28, 2021 at 03:59 PM
Austin Bay on what Shanghai Joe should, but won't, do, re China.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:01 PM
Wasnt this what warren buffett counseled find a company whose product you believe in and buy shares.
Posted by: Narciso | January 28, 2021 at 04:02 PM
It gets even better - Psaki’s husband is a portfolio manager at Citadel
https://twitter.com/graduatedben/status/1354896510106939395?s=21
Posted by: Pinandpuller | January 28, 2021 at 04:09 PM
Mel,
I call BS on your normal person at 3:59. Too dramatic.
Posted by: Jim Eagle | January 28, 2021 at 04:10 PM
Buck Sexton
@BuckSexton
·
20h
Somebody is going to have to explain why a public Reddit thread calling for individual investors to buy a stock is not ok
But billion dollar hedge funds appearing on financial tv anytime they want to pump whatever stock they want is totally fine
Posted by: Stephanie Nene Not Your Normal Granma | January 28, 2021 at 04:10 PM
Joe Biden, high priest of the cult of woke.
Excellent explanation of the Marxist, Frankfurt school roots of today's progs.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:12 PM
Zapped.
Posted by: Narciso | January 28, 2021 at 04:15 PM
Yes it's Andy McCarthy and yes it's NR, but it's also an excellent and chilling account of just how far down the show trial road we are;
The Justice Department’s Ridiculous Voter ‘Disinformation’ Prosecution
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:15 PM
Iggy et. al,
The problem with all these references to Biden said this and said this andhiu wrote this is that he is not competent to do any of thatt. He is in the middle states of dementia and hardly knows his name. And I am being polite.
Posted by: Jim Eagle | January 28, 2021 at 04:17 PM
ASOG: Are the same people that can get trading stopped in the middle of a trading day the same people that can get vote counting stopped in the middle of an election night?
Posted by: Tom R | January 28, 2021 at 04:17 PM
And a relatively short and good article by Glenn Greenwald along with a video I didn't watch;
The Reddit Revolution, GameStop and Melvin Capital
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:19 PM
Ig, not gonna read McCarthy but I know he knows the good people at DoJ would never do something bad.
Posted by: Old Lurker | January 28, 2021 at 04:21 PM
I apologize for the crap in my post at 4:17. Fat Fingers, I guess.
Posted by: Jim Eagle | January 28, 2021 at 04:21 PM
"don't underestimate Joe's ability to fuck things up".
Whosaidat?
Posted by: GUS | January 28, 2021 at 04:22 PM
BTW, TM nice going on the clever thread title.
Posted by: Dave (in MA) | January 28, 2021 at 04:25 PM
Iggy, we hardly need McCarthy to tell us that. Anyone who'd been on the IT knows that shit flies around all day everywhere. Stupid prosecution.
Posted by: clarice | January 28, 2021 at 04:25 PM
Roy barnes had it first.
Posted by: Narciso | January 28, 2021 at 04:26 PM
Dr. Jill, in her outside voice.
Posted by: Melinda | January 28, 2021 at 04:27 PM
Gus @ 4:22
Everyone who knows Biden personally?
Posted by: Tom R | January 28, 2021 at 04:31 PM
Sorry robert barnes
Posted by: Narciso | January 28, 2021 at 04:33 PM
I had clicked on the Robert Barnes link but neglected to read it until now.
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:34 PM
Biden isn't DOING any of this. He is allowing it to happen.
Posted by: GUS | January 28, 2021 at 04:36 PM
Good answer TOM, but it was actually OBAMA.
Posted by: GUS | January 28, 2021 at 04:39 PM
He is allowing it to happen in his name.
Posted by: Old Lurker | January 28, 2021 at 04:40 PM
Some shitbird shyster The Federalist should fire;
Trump’s Reckless ‘Stolen Election’ Talk Is The Reason He Should Be Impeached
"The Constitution allows for speech that makes conspiracy-mongering legal, but we must demand more from our presidents than minimal compliance with the law."
LOLGF
Posted by: Ignatz Ratzkiwatzki | January 28, 2021 at 04:40 PM
Shemp with the setup for Xiden’s miracle
@thenewsoncnbc
Sharp decline in Covid Cases:
The U.S. has averaged 162,067 per day over the past week. That's more than 61,000 fewer daily cases than 3 weeks ago and the largest daily drop in new cases over over a 3-week period during the pandemic.
Posted by: henry | January 28, 2021 at 04:46 PM
Justin Kan:
Just got a tip that Citadel reloaded their shorts before they told Robinhood to stop trading $GME.
If this is true, Ken Griffin and the Robinhood founders should be in jail.
Posted by: Stephanie Nene Not Your Normal Granma | January 28, 2021 at 04:47 PM
Who got peached or even Impeached over RUSSIA RUSSIA RUSSIA???
Posted by: GUS | January 28, 2021 at 04:50 PM