Waiting for the pivot from Comms to Policy - as they say these days.

This is why we need gifs here.

Well, the Winklevoss has spoken [but note, not invested] : #Holdtheline

Robinhood was never what it pretended to be. It built its business on selling Wall Street Bets order flow to the hedge fund Citadel. In the moment of truth, we learned which customer it cares about the most.

— Tyler Winklevoss (@tyler) January 28, 2021

Wow... sell-off from $476 down to $126 (plan is working) ... rebounds to $300 ... now plateauing ... what will Friday bring?

This is just will-to-power at this point.

[bad things will come of this, but still]

Yeah... my initial take was something closer to Michaels where this was a broad Market halt... but as Vikram is asking on Twitter... have we ever really seen a targeted group forced to sell and not buy - while the rest of the market (esp institutional players) can buy/sell as needed?

Basically by forcing Sell as the only option, it is signaling (more than signaling) it is *ending* the play and forcing the sell-off.

But, good news, we're informed by Biden's press Secretary that Janet Yellen is a woman.

When "The Man" manipulates the game and forces everyone to catch the falling knife?

Just get ready for the next iteration.

Sure... this was the "give investors a chance to recalibrate their positions" without 'outsider' interference for that recalibration.

Laying bare the fact that Markets are 100% manufactured and man-made is fine by me... but don't expect Markets (TM) to survive this encounter with reality.

Yes... fascinating.

Deplatforming stocks.

[It's not a thing]
[It's totally legal]
[It's more moral]
[It's what Free Market really means]

comment in moderation

See above... Robinhood is no longer offering GME (and other stocks) to buy... can only sell.

If the knife drops because of this... I can't even.

Let's say it's hedge fund on hedge fund violence. Unless this is constrained by some sort of secret Wall Street omerta then its actually worse (and potentially far reaching) than Reddit getting lucky.

The thing that protects Melvin Capital while *publicly* going massively short on GME is the fact that Rival-x is short on something else so the network can send a message if Rival-x starts squeezing Melvin by nudging their hedges.

If the Rival houses are going to 'consolidate' gangland style... then *that's* the real story.

We don't know.

But on a much more prosaic level, we do know that some large 'outside' players were part of the movement since 2019... it's not 100% reddit, it has some 'institutional' backing, but that backing was fairly above-board that the fundamentals were excessively shorted and gambled by investing and taking a long position to acquire board seats... that's when Reddit really started to see the gamble pay-off - when the price moved from $4 to $10 to $20 - but that took a year.

Heh, twitter reporting that Robinhood no longer offers GME and other stocks.

Can *only* sell, not buy... is this the "coordinated exit" you were expecting?

Time to catch the falling knife.

WELP

Can’t even buy $NOK, $GME or $AMC on Robinhood.

When the hedge funds lose, the rules are changed for the little guys. pic.twitter.com/bYkg1VY7Ji

— Cameron DaSilva (@camdasilva) January 28, 2021

Heh... not sure if I'm supposed to say:

So much for Unity
or
This is how you get Trump.

Something like that.

Thinking of Shorting GME now that its at $339.

Who's with me?

Unless THIS is your broker... or you're seriously sandbagging your SES then, no... your money is nowhere near this. Yet.

It occurs to me if Occupy had done this and Paid off a bunch of student loans, the entire course of history would have been altered...

These guys are doing more to scare Wall Street than the original Occupy Wall Street folks.

— Avi Woolf, Wilderness Conservative🐺 (@AviWoolf) January 27, 2021

New prediction... RoaringKitty and dozens (hundreds) go to jail on SEC collusion charges; proves that Market is, indeed, fair and free.

Me: 2nd time, this is too risky to get in early... pass
2nd Stock: Flies through roof, Redditors win
Me: 3rd time, this is too risky to get in early... pass
3rd Stock: Flies through roof, Redditors win
Me: Wow, this is really a thing... pushes in chips
4th Stock: Hedge Funds correct and crush movement
Me: Well, I didn't need *all* those chips anyway.

Now they are...

Diamond Hand meets Greater Fool.

Heh, axiomatically, no... doesn't mean that some folks won't have made a fortune... best we can hope is that the majority make some and most got in at the $4 price and not the $192 price and at worst, break even.

Chris Arnade has a number of interesting observations from the (formerly) inside... one of the things that I found curious is the phenomenon of "selling your book" which is to say you take public stances on your positions... which would seem counter-intuitively foolish if one assumes the game is played solely in $$ and not in $$+Influence+Status.

See this as a correction on Influence + Status.

Agreed... this would be a totally non-medical Argument-for-hire subscription.

Although, now that he's out there... the movement from Patient to Reader is theoretically trivial - even if he's not accepting Reader to Patient.

Not accepting readers as patients... but if what I read about the $35/month (or is it session with montly sub?) pricing model for his patients, he should offer $40/month for readers to call and argue with him about his posts. It took 40 years and a virtual revolution, but we'll finally got the Argument Sketch in real life.

I think it does because your dichotomy is false.

In fairness, I'm willing to extend Racist to Dem voters too. No need for everyone to exclude everyone else.