OT: Game Stop

[Otto'd]

Portnoy could run for President off this.

I think portnoy is an insufferable tool (his small business bailout programs nonwithstanding, thats a wonderful thing) but hes right about this. People should have pitchforks out.

 

[Otto'd]

Pork bellies!!!

Florida orange crop report!

 

[Alsacs]

The odds I join this class action when offered are pretty pretty pretty good.

 

[Brooky03]

The funny thing about this is, really, RH was doing most of the retail guys a favor. they should've just sold their position and enjoyed their huge gains! Someone was gonna be left holding the bag in the end...

RH sped up that end to the benefit of the institutional investors.

 

[Knicks411]

RH sped up that end to the benefit of the institutional investors.

Yeah itll be interesting to see how it all shakes out. I'm glad I had my fun trading GME but was finished by yesterday.

 

[cliftonparksufan]

Yeah itll be interesting to see how it all shakes out. I'm glad I had my fun trading GME but was finished by yesterday.

Today's high 482. Today's low 112. Currently around 235. Which direction will it finished. Anyone still in it is asking for trouble

 

[Alsacs]

 

[orangecuse]

It'll be interesting to see if anything actually comes of regulatory changes, rules, etc., although I wouldn't hold your breath on that. How many of the true players that contributed to the financial crisis of 2008 actually got arrested, let alone financially hurt/impacted? Cuban is correct by saying if Wall Street was interested in investing vs. trading (gambling) then change the rules. As CNBC Squawk Box host Becky Quick mentions, you only have to hold onto a trade for 40 seconds...a joke. The system, as many things in this country are, is set up for the rich to get richer.

On a somewhat related aside, similar deal with numerous corporations/companies that manipulate (work/fleece the system) their financial balance sheets with stock buybacks/repurchases.

Mark Cuban says his 11-year-old son 'made trades' in AMC, BlackBerry with Reddit's WallStreetBets: 'He hasn't made money yet'

Mark Cuban says his 11-year-old son "made trades" in AMC and BlackBerry with Reddit group WallStreetBets amid this week’s GameStop frenzy.

www.cnbc.com

7 Reasons Stock Buybacks Should Be Illegal

Editor's note: This story was previously published in February 2019 It has since been updated and republished.Did you know that stock buybacks were illegal until 1982? It's true.Source: Shutterstock The SEC, operating under the Reagan Republicans, passed rule 10b-18, which made stock buybacks...

finance.yahoo.com

 

[GoSU96]

Hey people got to be Bobby axlerod for a couple of days

 

[Cusefan0307]

Hey people got to be Bobby axlerod for a couple of days

No doubt that there will be an episode the next season focused on what happened the past week.

 

[Alsacs]

No joke this chit makes me want Liz Warren and Bernie to dismantle Wall Street.

Ken Griffin and Steve Cohen(yes the Mets new owner) belong in jail.

 

[PhatOrange]

you know it's bad when AOC and Ted Cruz are agreeing with each other on twitter.

 

[andyw715]

take a look at silver

 

[althea]

No joke this chit makes me want Liz Warren and Bernie to dismantle Wall Street.

Ken Griffin and Steve Cohen(yes the Mets new owner) belong in jail.

good luck with that - check out how much Citadel has paid to Janet Yellen recently

 

[721Comstock]

you know it's bad when AOC and Ted Cruz are agreeing with each other on twitter.

Annnnd... that ended quickly.

AOC coming in hot from the top rope on Teddy Traitor.

 

[weedsportwarriors]

Great letter. Like others have said, this is not all about making money, it is personal for some.

 

[Alsacs]

Cohen thinks people are stupid.(which we are for the most part)
However they cheated in plain daylight and don’t think people will say anything.

I had nothing against the Mets but Cohen sucks.

 

[Cusefan0307]

 

[chugg21]

you know it's bad when AOC and Ted Cruz are agreeing with each other on twitter.

And DON JR lol

 

[Cusefan0307]

 

[Cusefan0307]

 

[Fat tire 13]

No joke this chit makes me want Liz Warren and Bernie to dismantle Wall Street.

Ken Griffin and Steve Cohen(yes the Mets new owner) belong in jail.

Steve has done many things that should've landed him in jail, yet always skates away. Usually a second level person at the firm takes the fall

If Portnoy ends up taking him down, that would be beyond epic

Edit: also shocking Steve is engaging with Portnoy on Twitter. Don't think his lawyer would recommend

 

[chugg21]

Steve has done many things that should've landed him in jail, yet always skates away. Usually a second level person at the firm takes the fall

If Portnoy ends up taking him down, that would be beyond epic

Edit: also shocking Steve is engaging with Portnoy on Twitter. Don't think his lawyer would recommend

That is the last person on Earth that he should be entering into a Twitter back and forth with.

 

[Alsacs]

Steve has done many things that should've landed him in jail, yet always skates away. Usually a second level person at the firm takes the fall

If Portnoy ends up taking him down, that would be beyond epic

Edit: also shocking Steve is engaging with Portnoy on Twitter. Don't think his lawyer would recommend

You don’t get in the mud with Internet mud champ.

Dumb decision by him and his tweets are super weak and not helping him nor believable ImO.

 

[kirbivore]

It’s hilarious. You can’t even buy these stocks right now.. they basically shut them down.

I have no part of this but I there were instances the last two days I couldn't log into my TD Ameritrade account.