When Robinhood turns out to be Sheriff of Nottingham
(nitter.net)
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I've written the SEC. They don't make gallows but maybe they'll make up for this somehow.
By blocking trading like this ("you can't buy this stock but you can 'close out' your position"), we have nobody to sell to. It also sends a message to uninformed people that the stock is being removed from the exchange when it's not.
The entire stock market just showed its true face today. It is a criminal enterprise.
Someone there will be reading how angry I am at least. Let it be heard!
Congress is starting to talk about it now.
Good. Their name is on mine.
Never had but it has to pretend the market has rules or lawlessness will get real
DC is literally under military occupation right now. They're serious.
The brokers that have banned trade have clear ties to short positions. They are FUCKED.
How this is handled will determine the future if the market itself. If it is illigitimate the brokers will be fine but the market will collapse from no confidence. Confidence us literally his the market functions so the only way the market retains legitimacy is for the free market to win and shorts to be squeezed while criminals face prosecution and conviction.
Sounds too good to be true, but I like the way you talk.
We know it's a rigged system, but the system only exists on the veneer of legitimacy. If they admit it's all fake the entire economy crashes. That day. Big time. If they do that it's a depression, and unlike last time where investors were jumping off if buildings they have a clear and obvious bad guy here. The French people invented guillotines for situations like that.
Makes sense, let's hope some people with power to do something also have some common sense.
Sabby is another big fund manipulating tons of stocks. I almost quit trading altogether because of them. And now along comes another big fund to screw things up. This is just too much bullshit.
Good thing I've got a leg in other types of markets, stock market appears to be a house of cards.
As soon as I got involved in trading I noticed these problems and started calling them out. It's pathetic the stock market went on as long as it did as a totally rigged system. Are people really that asleep/complacent? Good lord!