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https://www.zerohedge.com/markets/sec-joins-biden-admin-actively-monitoring-option-volatility
I saw this referenced on another post by Ben Lurken…
I think it’s funny as hell. They scammed the scammers.
Edit: Legally, by the way.
The law is whatever they say it is.
Don’t the squeezers end up losing a shit ton of $$ by buying a worthless stock just to squeeze the shorts?
No because the stocks are going up in value, not down. The ‘squeezers’ are not shorting.
Depends on when you sell.
These bios are going to find out the meaning of the term “picking up pennies in front of a steamroller”. The reddit/robinhood crowd can create ‘volume’ but the Fed creates ‘price’.
Just Sayin’
Yep, once the novelty of killing the hedge funds wears off the shares will drop.
The traders who did this will move on to something else.
See, isn’t that just it? Once the squeeze is over, all the squeezers will rush to the exit to try and cash in on an overvalued stock. No?
This is a setup. The market is going to crash and this gives TPTB someone to blame for it.
Yeah that or they are just doing what (((they))) do. Control everything. Time will tell.
You beat me to the punch.
Even better, the culprits are white male (hence supremacists) incels.
This is engineered by Wall Street, not against.
Asymmetric warfare?
More like unilateral. We have flat bows and slings.
They have planes, howitzers mortars… and a bunker called the Fed.
You might be surprised at how effective and how often low tech defeats high tech.
I saw them warning the little guys about the Robin Hood trader that killed himself last year after he had a negative $730,000 balance in his account.
Margin kills, especially in options.
This time the double edged sword swung the other way.
This reminds me of a guy holding a sign on Wall Street during the 2008 crash: JUMP YOU FUCKERS.
Remind me of a commenter on ZH back in the day who’d post that on every market closing wrap-up thread. Can’t remember his moniker but he posted some sarcastic/funny shit.
Gene Burnett – Jump You F*#kers (A Song For Wall Street)
Jump You Fuckers~Gene Burnett
This is a great thread to understand what is going on in layman’s terms. I just love it when David takes the field against the giants.
reddit users buy a stock = manipulation
govt prints $4T for wall street = banking
Discord probably inserted the slur retroactively just so they could shut it down. I put nothing beyond these evil f’ers.
It was obvious to a lot of us from the beginning that Discord was going to be used for spying and propaganda.
Don’t be surprised when people spend their lives and reputations to set them on fire in the future.
People are angry and it’s coming in spades.
ZH did say early on that Robinhood was just an elaborate scam to fleece retailers. They were then vindicated by government evidence. Still Robinhood is open for business, because there is not a legitimate government in the USA.
It is fun to be on the sidelines watching normies go after the 0.1%. I guess Xiden/Yellen will have to engineer a quick bailout for the hedge fund managers to save them from the mean, nasty little people.
Government parasites hate competition.
Wait until similar shenanigans with crypto-currency goes down and the Governments shut it down. Of course only to replace them with official government crypto..
That the Government HATES competition is an eternal maxim.
Fun until the inevitable result of these normies losing a lot of money and then watching nobody go to jail but normies.
Still, peasant rebellions do always serve a long term purpose of ending tyranny, even when they are crushed.
People like to believe that their power rests in their votes for political clowns. They are terrified of the “market” because they have been convinced that the “market” is somehow inherently evil, while they continue to believe that government somehow is NOT. And in the political arena, all anyone gets is one vote (unless of course you own the politician – the crux of the problem).
When a political decision is made, there is NO CHOICE allowed for those who are subject to its impact. Either comply or possibly die. In the market – at least one free of political influence – you get a vote for every penny you have. If you are unhappy, you don’t have to buy, you don’t have to sell, and you can go elsewhere or even start up a new “elsewhere” for people to get what they want.
Now Wall Street is obviously not the free market. It is packed with fake money from criminal central bankers, and the power to commit legal fraud is well-protected by the government. But what this scenario has exposed is not only the crimes of Wall Street that government protects, but also the opportunities that regular folks, using just their small amounts of money, can seize to bring down the criminals. The blatant crimes of the government in support of their big business friends are fully on display…and people are waking up…..hopefully.
Loving this action over the last couple of days.
No one, except the Big Banks, deserves to get their asses handed to them more than hedge fund pigs. You know it was done with the help of some big money when the names of Musk and Winkelvoss get thrown out there. This is one of the biggest karmic paybacks in years.