The Brehs of Wall Street (Offical Stock Market Thread)

[OnFleekTing]

Only reason a lot of people aren't dancing with money right now is because they made the call against retail investors to stop the buying and tank the stocks
Basically our money is only good when it works for them not against them

Highly illegal

 

[PharaohAtem]

Bruh... that shyt was around $19.00 yesterday.

it was damn near $21 in the morning then "it" happened

 

[Leasy]

Bruh... that shyt was around $19.00 yesterday.

Bro that's amazing for what them rich nikkas did today.

 

[Afro]

It's also fake.

Yeah, I think that shyt is fake.

discodropper 3527 points 2 hours ago*

Given the claim about the White House’s involvement, it smells a lot like a shytpost. From my friend who used to work on Wall Street:

If there was major financial market contagion the NY Fed would be involved first. The order to suspend trading would come directly from the fed. After the NY Fed gets involved, they would report to the Fed committee chair (ie Jerome Powell) who would then take it to the Secretary of the Treasury, Janet Yellen. That's the chain. If the Fed isn't involved and Congress isn't involved the WH is sure as shyt not touching this.

They also would not suspend one side of the trade (ie there is no way on God's green earth the fed who is trying to prop markets UP would suspend long positions. Suspending Shorts in a market free fall is possible, but longs?! Nope.)

The person who posted that is an idiot. They have worked at RobinHood about as long as I have worked on the international space station. Totally fake post.

Edit: added the line about no Congress + no Fed = no WH

Edit2: appreciate the awards, but spend that money on more $GME! (if you can). WE LIKE THE STONK

Edit3: yeah, almost definitely

Most likely yea

May have not been Biden himself, but someone from up top made a call

 

[Numpsay]

discodropper 3527 points 2 hours ago*

Given the claim about the White House’s involvement, it smells a lot like a shytpost. From my friend who used to work on Wall Street:

If there was major financial market contagion the NY Fed would be involved first. The order to suspend trading would come directly from the fed. After the NY Fed gets involved, they would report to the Fed committee chair (ie Jerome Powell) who would then take it to the Secretary of the Treasury, Janet Yellen. That's the chain. If the Fed isn't involved and Congress isn't involved the WH is sure as shyt not touching this.

They also would not suspend one side of the trade (ie there is no way on God's green earth the fed who is trying to prop markets UP would suspend long positions. Suspending Shorts in a market free fall is possible, but longs?! Nope.)

The person who posted that is an idiot. They have worked at RobinHood about as long as I have worked on the international space station. Totally fake post.

Edit: added the line about no Congress + no Fed = no WH

Edit2: appreciate the awards, but spend that money on more $GME! (if you can). WE LIKE THE STONK

Edit3: yeah, almost definitely

Most likely yea

May have not been Biden himself, but someone from up top made a call

The billionaires that didn't want to lose their money leaned on the brokerages who made the call for them. I don't think it is anymore complicated than that.

 

[Saysumthinfunnymike]

The billionaires that didn't want to lose their money leaned on the brokerages who made the call for them. I don't think it is anymore complicated than that.

citadel practically owns Robinhood. Robinhood gets 40% of their revenue from selling information to citadel. So when Citadel (who backs Melvin Capital) says shut that shyt down for "reasons" then it's going down..

Apex holdings clears trades for WeBull and M1 so when they say "shut it down.." same result. It's the hedge funds and brokerages that are in cahoots.

 

[Saysumthinfunnymike]

Rich old cacs are gonna cac but this shyt got too mainstream. Everyone would have ate if certain people ain't wanna be alllll in the videos...

 

[Kool]

Robinhood to allow limited buying of GameStop, AMC and others tomorrow

 

[Blankthawtz]

invest = long term
day trading = quick lick

CAC made 5K off that gamestop shyt.....sold it just before the decline...

 

[OSUBaneBrowns]

did Schwab let you start buying right away?

Your money has to hit the account before you can buy stocks.

 

[ThirdAct]

Overheard him talking about the GameStop/AMC situation and decided to pick his brain..... He gave me some tips on other companies to invest in.... I'm a novice at this trading thing.... He seems confident.... Take the risk?...

We need more to go on, what companies?

 

[BK The Great]

 

[JQ Legend]

Neither is done

AMC has actual value, it only dropped because of lockdowns. It will prolly at least quadruple in price when things open back up.

People are only gone go to other brokers and run the ones that did shady shyt like RH out of business

Once people are able to buy again they will prolly take GME to well over 1k just out of spite and trolling

What they’re doing now is trying to scare people into accepting whatever gain they have now or panic sell to minimize whatever loss they’ve taken. The rich people bought mad shares to inflate the price then did a mass selling to make people think it was bout to plummet. Long as people don’t sell and call their bluff, it can go up even more. GME can definitely hit 1k or close to it.

If AMC crashes before a pump I take a slight loss but I’m def gone load up.

 

[Ozymandeas]

Just got a bullsh*t email from Robinhood


It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.

This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

To be clear, this decision was not made on the direction of any market maker we route to or other market participants.

The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team

 

[Trust Me]

The peoples champ.