The WallstreetBets Edition. It’s about being heard. Pump and dump scams as market manipulation are federally prohibited. Shares available to short for AMC has also decreased from 10,000,000 6 days ago on 1/21 to <200,000 as of close, meaning the hedge funds are getting greedy as fuck trying to make us lose!!! Like any “hot” chick you hear about on the internet, she’s a 59 yr old 200#+ man chomping cigars and smelling like a hot turd left far too long in the sun. There are liquidity problems. Lots of hedge funds and investors are … Informative Article With thousands of people working together to pump money into a rarely traded stock, doesn’t the Wall Street Bets Gamestop situation perfectly fit the definition of market manipulation? Covering leads to squeezing. One of the possibilities involved the Securities and Exchange Commission. It continues to drive the price down and the only time it goes up is when a big buy comes in. Larisa Yarovaya, Deputy Head of the Centre for Digital Finance, Lecturer in Finance, University of Southampton. Mixing up civil contract disputes with criminal market manipulation. Reddit’s biggest stock market forum implodes under insider trading accusations Wall Street Bets is falling apart. For fucks sake last March and April was a bloodbath. This is a dramatic increase. Jan 13, 2007 9,588 12,207 Melbourne AFL Club Sydney Jan 29, 2021 #63 I’m not sure anyone anywhere is arguing altruism on the part of GameStop here. If this is not illegal then I am done with the stock market. BruceFromBalnarring Norm Smith Medallist. By no means. Now we may finally know why. Questions about market manipulation abound as the Financial Services Committee called two CEOs of pivotal players in the stock market saga, Robinhood and Reddit, to testify on Capitol Hill. https://www.otcmarkets.com/otc-link/broker-dealer-directory/JANE, https://twitter.com/og_tigress/status/1374814864305180673. If we’re going to war (I’m a pacifist btw) then let’s strap the fuck up and put our minds together and actually change something and actually get these fucks behind bars (and not club fed). We have all lost millions because of Robinhood, sue them until they are bankrupt. Feels fitting that apes have to fight Jane. As to whether the actions of the ‘leaders’ in the group were legal, a court of law may have to make that decision. I hate to compare this to BLM because a mans life was lost, but his life was lost due to institutionalized racism/violence, and this is institutionalized classism, corruption, bullshit. Many people are aware that almost the entire OTC Market has been crashing in unison for the past month or so. Even if the company is successful. They didn’t become this big by not playing both sides. I’m on one, and will be on one until I feel like the world knows that it’s not just WSB or retail investors that are under attack, it’s all of us that aren’t them. The second post is implying the SLR rule will affect stock prices, but I don't believe this will be the case. Robinhood runs a digital currency exchange and doesn't seem to have problems with user's trading currencies that on a day to day basis are far more volatile than Gamestop. If you look at GME's borrowing rates, the last time they were at 22% was 1/21/21 (6 days ago). But with no genuine fraud or organized scheming, how is this any different from any other investments or even hedge funds? Have you ever noticed that many of your big OTC stocks tend to follow the exact same price curves, dips, spikes and dumps at the same time? I’m sure RKT is doing everything in their power to fight it, because if they lose, it can bankrupt them as well. Market Manipulation is as old as the woods. But they need to understand that what happened with GME was different, it was a short squeeze and … This is something to keep an eye on. This is the world we live in. Do we have a DD list on these? Moderators urged users not to make posts “for the purpose of … Is WallStreetBets a criminal stomping ground? This however does not mean its over, they still have a massive amount of shares shorted and the squeeze is inevitable if we all hold the line. Disabling buying caused more volatility than it protected against. Source: Adobe/LizFoster. Later that number increased to 78 stocks. Levine: The closest illegal act that could be brought up against WallStreetBets would be market manipulation. They hide behind the same MMs. The millennial stereotype that our attention span is so short that they’ll just tell us what we want to hear for a month and we’ll forget about it and nothing ends up happening, needs to be tried and proven false. I want to be able to back it up in arguments. WERE OPENING OTHER BROKERAGES. Like Quote Reply. WSB DApp solves the FEES and MARKET MANIPULATION problem that have solely benefited centralized financial institutions for the past 100 Years. This was not market manipulation, at least, not by the legal definition. Can you link me proof of this? Also,https://twitter.com/og_tigress/status/1374814864305180673, https://twitter.com/jaggeddeath/status/1374529763516186625. AMC is due for a HUGE rally. What happened with GME, AMC, BB, NOK is totally different. IS REDDIT WALLSTREETBETS MARKET MANIPULATION? On February 18 and February 22, the Market Maker (MM) JANE appeared on 36 of the highest volume stocks in the OTC. February 22 is also the same day that GME and AMC began trending upward again after a dip that lasted for a couple weeks. It has been confirmed that Citadel added to their short positions right before they told Robinhood to halt buy orders of GME. . Keep fighting everyone, don't let this injustice go unpunished. If, in limiting the purchase of a stock in order to suppress the market price of that stock for the benefit of your biggest client (and by extension yourself) you achieve the suppression of said stock you have successfully manipulated the market for gain. The group of bullish traders had been focused on buying stock and placing options on particular companies that hedge funds had been shorting in order to force them into a “ short squeeze.” It’s crucial that we all stand up against this for the long haul. It has become notable for its profane nature, aggressive trading strategies, and major role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021. Like, I’m talking the whole playbook; marches, boycotts, sit ins, amongst other pissed-off-people activities. People got … sorted by: best best; top; new; controversial; old; Q&A; justinm_7 There is a clear misalignment of interests between their business model and the clients they serve. That was RH's doing. Yeah, they didn’t halt buy orders when beetcorn tanked 28% in 3 days, but GME melts up and now we can’t buy It because the market is “too volatile.”, I have seen many many screenshots of users who had their buy orders canceled--and the app said, "You have canceled your order for 1/28" lol. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. I LOVE THE MOVIE THEATERS!!!! Literally Robinhoods profits are on the line. WallStreetBets has an antagonistic relationship with shorts — many retail traders are betting stocks will go up, not down. I'm not going to bore you much with WallStreetBets, the idea is that the WSB developers set out to bet against the wind. We need to organize on a level that is relatable to the 99%, that really shows how pissed we are and really lays out how this kind of corruption affects all of us. According to this definition, both WallStreetBets traders and Robinhood have conducted some degree of market manipulation. GameStop is the story that keeps on giving – and now Washington, D.C. has taken notice. How unfair is acceptable? While ‘due diligence’ was used within the Reddit wallstreetbets group, this doesn’t mean that influencers didn’t participate in some type of market manipulation. Significant research has been done on this by https://twitter.com/og_tigress , u/Extlis from the Waypoint Refinery Discord and many others. If the Wallstreetbets traders were considered to be part of a group, … WallStreetBets Founder Reckons With Legacy Amid Stock-Market Frenzy Jaime Rogozinski likens recent surge in GameStop shares to a ‘train wreck happening in real time’ You would be better suited using schwab or fidelity (both offer free trades). Many people are aware that almost the entire OTC Market has been crashing in unison for the past month or so. … Because these fucks definitely don’t think we have it in us to do what it takes. This was also the same day the GME squeeze went crazy from 90 -> 300. The borrowing rates make the hedge funds nervous and is ultimately a huge factor for them having to cover. As WallStreetBets grew, it faced accusations—often lodged by angry short sellers—of market manipulation. I predict a similar, though not as significant squeeze as GME for AMC. Tarzan, Lord of the Apes, please get this Jane under control. Now we may finally know why. Like, we CAN NOT let this get side tracked by whatever pops up on your news feed next week, next month, whatever. Being delisted will eventually cause their credit lines to die. There was no way that Wall Street would just let that happen, people started saying. Citadel is their biggest client. We also need to make sure we are holding ourselves and each other accountable in our rage. There's room for both squeezes, lets fucking go boys. WallStreetBets is a new product, a ... is also a market manipulation. This is thee 2nd greatest thing I have ever read on WSB. WallStreetBets have been completely transparent about why they are buying GameStop. Market Manipulation can be defined as the act of influencing the behavior of a market, or artificially inflating or deflating the price of a security for personal gains. In addition to evaluating the Wallstreetbets’ trading activity as market manipulation, it is also important to consider whether Wallstreetbets’ conduct necessitated disclosures. Irrational Exuberance: An Interview With WallStreetBets Founder Jaime Rogozinski “Irrational exuberance is the psychological basis of a speculative bubble. If Citadel drops them, they don’t make any money. Some people saying Doge is the next GME, some are saying TRX. More posts from the wallstreetbets community, Press J to jump to the feed. They have 4 days to max out their conversions. March 13, 2021. How it works The WSB movement for financial democracy started on Reddit and became a global phenomenon. Movies are not fucking dead, mark my words. How far is too far? They are also a very low market cap at 4B, meaning there is much bigger potential for their price to increase. Later that number increased to 78 stocks. There was no intent to pump the price with the goal to sell shares for profit later. In late January, a popular Reddit chat named “WallStreetBets” successfully inflated the stock price of many publicly traded companies. Reactions: Brunswick Trap King. all 583 comments. Just like BLM, we need to create an even larger following; just like not everyone is black, not everyone participates in the market, but everyone, regardless of political associations, race, gender, and all the other ideas we use to identify ourselves(and in many ways used to divide us) fucks with money. On February 18 and February 22, the Market Maker (MM) JANE appeared on 36 of the highest volume stocks in the OTC. We need to organize on a level that is relatable to the 99%, that really shows how pissed we are and really lays … Then they bought at $125 and will ride it back up to screw the other shorts. That is a breach of the law in any free market jurisdiction. One of the biggest resets in history. A little glitchy but they let everyone trade. Is WallStreetBets illegal? Press question mark to learn the rest of the keyboard shortcuts. There seems to be quite a few risk takers on r/wallstreetbets . OTC is fucked because all of the toxic lenders are blowing out notes before they no longer can get discounts of 45%+. Once everyone was stopped out, the funds most likely rebought on the way back up from $125. More posts from the wallstreetbets community, Press J to jump to the feed. Trading in orc markets is the equivalent of buying scratch-offs, getting mad at a losing ticket is futile. Some examples include OZSC, AITX, GAXY, TSNPD, AABB, ENZC, INKW, OPTI, NSAV, PVDG and WDLF. Fuck the system. Take a look at this link ( https://iborrowdesk.com/report/AMC )and scroll down to recent data for AMC. None of the GSIP banks were close enough to the 5% max leverage to be worried. It’s legal and has bankrupted millions since the early 90’s. Unless you have been sleeping under the rock for the last few days, you would have come across multiple posts on GameCorp, a company that may have been way less known in its home country at the beginning of the year but one that is now known and analyzed throughout the world. THEY WANNA SHUT US DOWN ON ROBINHOOD, WE AINT BACKING DOWN. Reading Time: 5 minutes. Citadel likely waited for Melvin to cover their shorts and cut their losses. Their bankruptcy concerns are completely off the table with a billion in funding. Everyone wants to know what is the next GME. Because they (toxic lenders) all use the same 3 brokerage firms. r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. Someone has been manipulating the stock for weeks with algorithms that keep a floating sell wall about 4 cents above the current price. A Reddit message board called WallStreetBets (WSB) is legally 'manipulating' stocks in the market while being protected by the 1st Amendment (aka Freedom of Speech). This is market manipulation. This manipulation from JANE is why, and based on the timeline of JANE's appearance in these high volume OTC stocks, the evidence suggests that JANE is heavily manipulating the OTC downward using tactics of naked shorting, dark pool selling and Not-Held Orders in some connection with the fight against retail in GME and AMC. Does it look like a pump and dump? How pissed off are you? Look at the 11:00 ladder--six halts on the way down and six more on the way back up in the space of an hour. Fuck all of them. Some examples include OZSC, AITX, GAXY, TSNPD, AABB, ENZC, INKW, OPTI, NSAV, PVDG and WDLF. Pass the word along and up the chain so that we can stop the blatant manipulation by JANE (Jane Street Capital). Hedge fund customers*, not just buddies. For some in the group, one goal is to "fight the system" - large … By Trish Regan. As Martin Shkreli said, keep your eye on the borrowing rates, not the short interest. Personally, I hope that those who have eyes can see and realize that we live in a permanent manipulation, regardless of whether it is medical, financial, etc. One of the WallStreetBets moderators felt compelled to address the backlash, taking exception with the “narrative” that the forum is “disorderly and reckless” and is involved in manipulation. 5 days later, the borrowing rates SPIKED up to 83%. May calls for all 50 would break the market lol but hey let’s get some tendies! Just like we are all saying, “fuck y’all, I’m holding”, we need to CONTINUOUSLY hold those responsible for their market manipulation and fuckery today. Just like BLM, we need to create an even larger following; just like not everyone is black, not everyone participates in the market, but everyone, regardless of political associations, race, gender, and all the other ideas we use to identify ourselves(and in many ways used to divide us) fucks with money. A year later here we are, the ones that got fucked and you take away the ability to fucking rage trade. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. And that is where the manipulation is happening. Borrowing fees (meaning the rate at which the hedge funds have to pay to short the stock) have risen from 3.2% to 21.9% in the past day. When Robinhood turned off buy orders, it decimated the orderbook and allowed hedgefunds to dump the stock into everyone's stop losses. fidelity doesn’t even accept payment for order flow which is unique to a broker. View the historical charts for many of these stocks and watch them follow the same patterns downward beginning February 22nd. This is GME's borrowing rates and available shares to short: https://iborrowdesk.com/report/gme. The hedge funds are their real customers, not us. WallStreetBets members are now getting trapped into some pump and dump scams. Video from Ep. Additionally AMC is better off than it was during the pandemic. GameStop shares have gone soaring again. How easily do you fold? However, that's only the beginning. What could they do? What may be held against the Reddit wallstreetbets group in the future is the fact the Reddit subgroup was taken private for unexplained … - YouTube. Please check for yourself by going to https://www.otcmarkets.com/otc-link/broker-dealer-directory/JANE and selecting "Common Stock" from the "Type" drop down menu to view the list of stocks that JANE is in. 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