7 ms·

Wow. First the Discord ban and then this - clearly the billionaire hedge fund managers have been busy pulling strings overnight. Limiting it so you can't buy,

Wow. First the Discord ban and then this - clearly the billionaire hedge fund managers have been busy pulling strings overnight. Limiting it so you can't buy, you can only sell... Very clearly helping the hedge funds here.

geerlingguy 6y ago
The head of NASDAQ even suggested a Tradimg Halt so institutions can adjust to combat retail investors better!
- shut_it_down 6y ago
  We're close to reaching a "let them have cake" point of elite arrogance.
  - h_anna_h 6y ago
    We were already on that point at least since the bank bailouts.
  - swiley 6y ago
    Every day of 2021 I'm thinking those people with the guillotine were less crazy.
    - NortySpock 6y ago
      Those elites making the rules and the power plays need to remember: "Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy Elites: better leave some safety valves in the system. People have been getting angry in the last year.
      - piva00 6y ago
        People have been getting angrier since 2008. Lots of those that were young and suffered through are adults now, the ones that were adults are getting older and everyone is still pissed off about what happened. I definitely feel I'm getting squeezed, even though I've increased my salary quite a lot since 2005, including moving continents to pretty good jobs in Europe. I can feel the squeeze in society, with friends that even in a rich nation with a good salary still don't look very brightly into the future. Climate disasters incoming, also propelled up by the elites (or at least delaying action against, inaction is an attack in this case). People were tired, now a lot are tired, bored, unemployed and angry.
  - joshstrange 6y ago
    More like "Let them have shortcake". This is absolutely ridiculous.
- wocram 6y ago
  A long halt would be bad for shorts, since they would be stuck paying the 125% annualized borrow for the duration of the halt. And practically a halt doesn't _really_ affect the prices.
eli_gottlieb 6y ago
Luckily, I used my Vanguard account instead of making a Robinhood.
- thinkingemote 6y ago
  Now people are moving away from Robinhood is it only a matter of time before the other platforms do the same?
  - 0x008 6y ago
    Even european brokers now forbid buying gamestop/AMC.
  - eli_gottlieb 6y ago
    I don't think Vanguard will, since they have a limit on orders per day precisely to stop people from, well, day-trading.
deleted 6y ago
[deleted]
engineeringwoke 6y ago
Citadel is one of the "cheater" funds along with Melvin, Point72 (previously SAC Capital Advisers) and Maplelane (ex-Galleon Group). They all have connections to insider trading of some sort since it was legal to know stuff like earnings beforehand, etc. before reg FD in 2001, and the seeds from that age are still there in these funds. They certainly aren't the type to be below doing something like this. Citadel could also be absolutely fucking themselves if they end up in discovery over this. It could mean the end of this era of funds. Many would be glad to see them go.
deleted 6y ago
[deleted]

geerlingguy 6y ago

The head of NASDAQ even suggested a Tradimg Halt so institutions can adjust to combat retail investors better!

shut_it_down 6y ago
We're close to reaching a "let them have cake" point of elite arrogance.
- h_anna_h 6y ago
  We were already on that point at least since the bank bailouts.
- swiley 6y ago
  Every day of 2021 I'm thinking those people with the guillotine were less crazy.
  - NortySpock 6y ago
    Those elites making the rules and the power plays need to remember: "Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy Elites: better leave some safety valves in the system. People have been getting angry in the last year.
    - piva00 6y ago
      People have been getting angrier since 2008. Lots of those that were young and suffered through are adults now, the ones that were adults are getting older and everyone is still pissed off about what happened. I definitely feel I'm getting squeezed, even though I've increased my salary quite a lot since 2005, including moving continents to pretty good jobs in Europe. I can feel the squeeze in society, with friends that even in a rich nation with a good salary still don't look very brightly into the future. Climate disasters incoming, also propelled up by the elites (or at least delaying action against, inaction is an attack in this case). People were tired, now a lot are tired, bored, unemployed and angry.
- joshstrange 6y ago
  More like "Let them have shortcake". This is absolutely ridiculous.
wocram 6y ago
A long halt would be bad for shorts, since they would be stuck paying the 125% annualized borrow for the duration of the halt. And practically a halt doesn't _really_ affect the prices.

eli_gottlieb 6y ago

Luckily, I used my Vanguard account instead of making a Robinhood.

thinkingemote 6y ago
Now people are moving away from Robinhood is it only a matter of time before the other platforms do the same?
- 0x008 6y ago
  Even european brokers now forbid buying gamestop/AMC.
- eli_gottlieb 6y ago
  I don't think Vanguard will, since they have a limit on orders per day precisely to stop people from, well, day-trading.

deleted 6y ago

[deleted]

engineeringwoke 6y ago

Citadel is one of the "cheater" funds along with Melvin, Point72 (previously SAC Capital Advisers) and Maplelane (ex-Galleon Group). They all have connections to insider trading of some sort since it was legal to know stuff like earnings beforehand, etc. before reg FD in 2001, and the seeds from that age are still there in these funds. They certainly aren't the type to be below doing something like this. Citadel could also be absolutely fucking themselves if they end up in discovery over this. It could mean the end of this era of funds. Many would be glad to see them go.

deleted 6y ago

[deleted]