Are these people who bought on margin? If so, that’s just a margin call, more or less, right? If it’s people who bought with cash on hand, that’s another matter. I suspect these decisions are being made with some expectation there will be no entity left to sue once all the smoke is cleared anyway
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It’s just margin calls. Half the people on WSB didn’t even know what a margin was.
Also /r/wallstreetbets gained 3 million followers yesterday.
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So this happens all the time? There are previous examples of brokers refusing orders for particular stocks in which they have a conflict of interest?
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In honor of Cloris Leachman, this:
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You’re right, I should have kept up.
However, the very fact that the existence of all the naked shorts helped to propel the trade halts and the like grinds my gears…
I don’t play individual stocks anymore, and when I did it was only blue chip type stuff (ATT, utilities, etc) within the confines of my IRA rollover which even then was still mostly mutual funds and has been 100 percent (Fidelity) funds for a long time.
I max out my 401k and IRA, so I don’t keep cash around to goof off in the market otherwise anyhow…
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Same here. I am too risk averse to mess with individual stocks. Stems from my father inheriting over $2 million dollars in a portfolio of blue chip stocks then watching him blow it all by constantly chasing hot tips and borrowing on margins before dying flat broke.
I realize that to many, playing around in the stock market is harmless fun but there can be real consequences to innocent lives and livelihoods.
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Hey Good Friends of BB,
I noticed once again that a person[s] is flagging all my posts.
Now as a point of reference, I took a very long hiatus from BB for this precise type of juvenile behavior. I well sure it was nooooostromo, or facsimile thereof. I truly enjoy BB, if it were with my financial grasp I would donate, and do it generously, but sadly I am just an old man retired, and funds are tight.
Thank you in advance, please look over my posts, if they offend, I will amend, but I believe they are very pedestrian in nature, never meant maliciously, and in the end always enjoy speaking to the many BB folks.
Be well.
Papasan
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I’m very happy with Vanguard. Good luck.
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I don’t know why ANYONE would do this. Your posts are pretty uniformly awesome and delightful. Haters gonna hate, I guess. Jealous of how awesome you are, I suspect.
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finally, an explanation everyone can understand:
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That’s pretty much been their MO all along. They were always about selling out small dollar investors to the big banks.
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Is there confirmation of this from a mainstream source? It just seems so incredible.
Currently watching AOC on Twitch with Alexis Goldstein (What happened with GameStop?). Good so far. Twitch
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The free market might not be free, but it’s still a market.
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Elizabeth Warren shutting down a reporter who’s Just Asking Questions on behalf of beleaguered billionaires:
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After the crisis of 2007-2008, someone characterised CNBC’s dismal performance in covering it as “no adult supervision”. It seems that nothing has changed with that pack of courtiers.
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What is that from?
I guess it’s probably not what the kid is actually asking, though…
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Here’s the bit it came from (“Beat Kidz”). I don’t know much more about the show but the girl also asks relevant questions like “who did you exploit today?”
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