Many investors are flooding the SEC and politicians complaining of market manipulation, not by Reddit speculators, but by some hedge funds that got the buy side shut down so they could loot investors with no risk. The Reditt OP that brought a possible big short squeeze on GME to light had been positioned for a year, the FOMO crowd jumped in on momentum - good for them, they won fair & square.
It's the ego of how can we, the smartest Ivy Leagues who manage Billions be defeated by a bunch of high school droppers & retards playing financial kamikaze? When Bill Ackman lost his Herbalife battle against Icahn and Soros, it was ok because it was sharks against each other, but now it's the tiny sardines defeating & killing sharks, which is totally unacceptable. Guard your reputation at all costs, says Robert Greene in his 48 laws of power.
IBKR hiding their GME trades along with the other Slytherins https://wallstreetonparade.com/2021...-et-al-have-made-tens-of-thousands-of-trades/
the action in GME was unstable. The broad market selloff yesterday and the bid to vol yesterday was attributable to contagion from GME and the other stocks. KOSS has no business being worth 800MM. GME is moving $100/clip. No one has any idea what their position and risk is. It was becoming a systemic problem where an insolvency would have reverberating consequences.
The entire market gets burned to the ground by a bunch retards out trading hedge funds. Pretty cool. Long SDOW, SQQQ, and SH I guess.
There goes the argument of having IBKR as a stable platform. What’s the point paying for a professional trading platform if their treating us like junkies? “Just say no to the GME stock”!
I tried buying KOSS early on but my overly protective girlfriend(Broker) rejected my orders. She can be so suffocating!