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January 28, 2021

Reports: Robinhood Day-Trader App Is Selling Shares of GameStop Against the Will of the Owners of the Stock
Update: Just a Routine Margin Call?

I don't know if this is true, but a bunch of people are claiming the RobinHood app is putting in sell orders for their GameSpot shares.

Cautionary Flag: Brother Tim says, wait, this might just be those with a high margin having their margins called:

185 Getting conflicting info on this. Some of this may be people who got in on high margins and now the margins are being called. Let's be careful where we go with this, there may be more--or less--than is apparent. Posted by: Brother Tim

Another commenter echoes this:

197 If you buy a stock on margin (with borrowed money) the brokerage firm can arbitrarily change the margin requirements at will, usually based on volatility. When the brokerage house asks for more margin deposit (more security) and the customer doesn't come up with the dough, customer can get sold out. Probably what's going on here. Posted by: William Vellon

Fair enough. But we do know they hopped-to to stop people from buying the stock, which hurt the hedge funders.

And some people deny this is what's happening:

280 Not a routine margin call per twitter, the stock is being against people's will who aren't on margin accounts.(Max Burns) Posted by: Dr Spank

Well if you're not buying on margin -- buying with borrowed money -- you can't be margin-called, can you?

Here's why that would be something the hedge fund oligarchs want:

Even though Robinhood and Ameritrade and the rest of them banned buying the stock, many of the Wall Street Bet investors refused to sell. Or, rather, they put on a $5000 ask for each stock, and left it there. They'd sell, but at a colossal mark-up.

And enough of them did this that is blocking the hedge fund guys from re-buying the stock they short sold -- unless they pay a lot of money.

But the hedge fund guys don't want to pay a lot of money.

What the hedge fund guys want to do is use their power and influence to pressure the government, the SEC, and the various brokerage houses to fuck over the Wall Street Bets guys and force them to sell very expensive stocks for peanuts.

If true, this is effectively a simple HEIST, taking money from the retail investors and simply giving it to the hedge fund billionaires.

@disclosetv

JUST IN - #Robinhood app has reportedly begun to automatically sell shares of $GME for some customers, "for their own good."

A friend says he's seeing a lot of people on twitter claiming the Robinhood app is putting in sell orders for the stocks, and then not permitting them to cancel the sell order. And they're posting screenshots of the refusal to cancel a sell order as evidence for their claims.

Breaking: Conservative, Inc. just issued a joint statement:

This is boring and stupid and dumb and you should not pay attention to this story at all.

This is an "alt-right" story. You're not "alt-right," are you?

And also, you should trust the "elites" more. They have your best interests at heart.

Also, you're welcome for us getting rid of an "authoritarian" president and ushering in this non-authoritarian regime. Or, perhaps more accurately: Authoritarian in a way that pleases our donors.

Please be on the look-out for members of Conservative, Inc. going above and beyond the call of disgraceful duty in defending their paymasters. If you see one of these corrupt fuckers spinning on behalf of the Capital Class that pays their rent and keeps their cvcksheds heated, please post it in the comments.

OUT: Buy low, sell high

IN: Buy at whatever price. If the price doesn't rise, use your connections and influence to simply transfer wealth from the bank accounts of the non-connected to your accounts.






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