Robinhood

[HarleyDog]

(01-28-2021, 08:22 PM)Au165 Wrote: It honestly looks more like a liquidity move now. The system was not built for the volume and having to cover for two days at the clearing house has caused brokerages to be scared they'd be stuck broke. Thomas Peterffy of Interactive Broker was on TV basically admitting he shut down trading of these stocks to protect himself and the middle men. He went on to say that they will allow buying when prices go back to normal, this was after laughing at the price and saying that's not normal.

Yes, that is as insane as it sounds. You have the Chairman of a brokerage telling a live audience HE decides what is a fair price for a stock and he will tell retail investors when they can buy it. He also noted that he doesn't think Short Squeezes should be allowed and noted the calls tomorrow as another reason why he needed to protect the "market". If you are wondering what all this means...

WE HAVE A LIVE VIDEO TAPED ADMISSION OF MARKET MANIPULATUIN!

What we've seen in 2 days tells us a lot of what's been going on behind the scenes. I can tell you these guys on Redditt are not giving up. GME finished the days down 44.29% but is up 59.25% in after hours so far and there's still more than an hour left. The politicians speaking out has helped, but with this much money at stake, Wall Street really don't give a shit. They will stop the trading again on this tomorrow. However, I don't think people will be as feared to sell as they were today.

I truly wished I understood all this short sell stuff and how it worked. I tried practicing today on Wall Street Survivor and although I didnt know what I was doing, I made money at it. Fake money of course. But I don't know how to buy on hopes a stock will go higher? This shit has really gained my interest. Next time these guys get in for the ride, I would like a good knowledge to know if I should ride along.