Robinhood, GameStop & Wall St with financial advisor Andy Wang

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Gerald Notah
Gerald Notah
7 months ago

This is a test . It goes with the rest .

Joe Moss
Joe Moss
7 months ago

Short selling in and of itself is not bad, what is bad is naked short selling. Meaning that there are parties who can sell the stock without having borrowed it or being required to cover it. That's likely the case in GME and AMC since it wiped out the hedge fund holding the short position.

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emkassano hasnain
7 months ago

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James O'Neill
James O'Neill
7 months ago

15:08 Dinesh D'Souza reckons there's a robinhood whistle-blower saying they were called by the WH, and that's why they f*cked everybody

Mike Bruno
Mike Bruno
7 months ago

How difficult is it to keep people from gaining access to phones or internet? Let me give you an example. In 2008 I was at Game 5 of the World Series in Philadelphia. It was a a two night affair because it had rained two nights before, when the game was just in the 5th inning and the Umpires called it "TBC" on another night.

Not to rehash the game (Phillies won the game and the series) but immediately after Brad Lidge won the game, I called my wife who didn't want to go. No more detail about that.

Could not get through. Phones blocked. For about an hour.

This happens to the net and the phones every New Years. So how hard was it to keep ordinary investors and GME Short Sellers off the internet and off the phone?

This does not necessarily work across the board so some call, some access points do get through. Like Andy's firm. But it is enough to keep people from putting to a halt.

ha! Halt! (Investor jk)

Ok, so knowing this much, you know many brokerages had people locked out of accounts for about 45 minutes after opening bell at 9:30am.

Robinhood started a half hour earlier.

This is why so many short sellers got burnt. Robinhood, with their half hour advantage, plus about 45 minutes of delay time, what just enough for some Sovereign Wealth to buy billions of dollars of GME stock.

Like I asked Andy, why didn't they all IMMEDIATELY rush into their brokerage a opening bell to cover their losses?

They couldn't.

They were hacked out by very simple means. It was World Series 2008 on 1/27/2021.

Later on that day, Robinhood and other brokerages halted the buying and selling of GME. Why? Because the Sovereign Wealth had evaporated with billions from wealthy American Investors who shorted GME Stock.

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