Dark pools of the people that run the world have been trading GME for a long time. Dark pools themselves should be abolished, if you donât know about them you should.
There is no free market capitalism any more, hasnât been for many years. The regulators have been captured and only threaten enforcing the law against small fry.
This is not new.
Elon Musk
Reddit is also causing the price of dogecoin to surge
What did you expect? Robinhood is beholden to the hedgefunds that invested in Robinhood. Personally I thought they were a scam from the git go but gave them a litle benefit of doubt. Everyone knew who backed Robinhood. The hedge fund expected quid pro quo. As it turns out Robinhoodâs name is an oxymoron.
I signed up for a class action last night but havenât heard back yet. I use Charles Schwab & Robinhood but prefer Robinhood for quick & easy trades (never with market sells & buys though). IMO, the Robinhood app is super intuitive & users donât have to click through pages old school style to check positions, balances & make trades. Charles Schwab, TD Ameritrade, Webull & a couple of other smaller platforms where all in cahoots on manipulating the market, it wasnât just Robinhood. Chances are your brokerage firm is just as crooked as mine. Robinhood is the new kid on the block & I suspect many in the media will hang it all on Robinhoodâs neck while in fact it was also larger well established houses guilty too.
From the article below:
âOther brokerages, including Interactive Brokers, Charles Schwab, and TD Ameritrade, also imposed new restrictions on who could buy GameStopâŚâ
So yes, I got a little ahead of myself on the definitions. But the larger point I was getting at, is that the short interest is based on OUTSTANDING shares. Not all shares in the stockâs universe. Still, over 100% does look and feel âbubbleiciousâ.
More to the point however, is this explanation of how itâs possible to get over 100%:
No doubt. I trust none of them but Robinhood marketed themselves as being for the small trader, as it turns out they just scammed a bunch of people into their platform and fed info to their hedge fund buddies so they could front run.
Thatâs true.
Thatâs a good explanation. Iâd forgotten all about naked short selling too, havenât heard that term since the 2006 era market madness.
After RH dropped all trade restrictions AMC has traded an astonishing 400-million+ shares by mid day today, yet it has stuck to a rather slim trading band.
With GME still sitting high I fear the big short sellers will re-establish their short positions and the meme-warriors will bear the losses yet again when the price and momentum collapses.
Likely not all the meme-warriors are going to take losses, just the ones late to the game, the early ones likely already bailed.
Itâs actually a clever hustle, starts out as a populist stick-it-to-the-man (with a profit) becomes a Ponzi scheme and now seems have turned into a bubble.
The meme warriors will definitely pay. As they should. They have no idea what theyâre doing. Gamestop is the new Blockbuster Video.
You donât need to be in a hedge fund to take their money either. You can buy puts. You just canât hedge it (at least with TD Ameritrade).
You are probably right. Buy low, sell high is the easiest way to make money & people are nuts to intentionally buy over priced, artificially inflated stocks. But some say most trading is done by bots now days & these purposely created bubbles are throwing their algorithms off because they canât technically compute why the stocks are skyrocketing. I wonder how many bots will be bag holders too, if any?
From the article below:
ââŚquantitative and passive investment funds now control about 60% of all equity assets, double their share in just a decade, and only 10% of trading volume now comes from human discretionary investors, per data from JPMorgan Chase & Co.â
An apt synopsis.
The stock market has been a casino with a rigged game for a long time.
Investing needs to be encouraged. Gambling needs to be discouraged.
A financial transactions tax is needed. So is a much higher short term capital gains tax.
Yeah the bots they use probably wonât have been coded to cope with an influx of wallstreetbets investors suddenly buying up loads of stock.
The big investors will probably be desperately paying very clever software engineers to code their bots to react to a wallstreetbets influx.
First post about GameStop - from about a year ago.
From The Verge
As I told my son, if you are up get the fuck out of GME.
Good luck with that 
The Motley Fool: 5 Awful Stocks Robinhood Investors Canât Stop Buying.