Investing (stocks and/or other asset classes).

[ghuns]

It's my understanding they borrow the shares with no money up front and then sell the shares and wait for price to drop and buy it back and pocket the difference.
Is that right?

I think that's how it works. They are charged interest. And the rate is tied to the stock price. When the price of the stock goes up dramatically, like in this case, so does the interest rate.

[Dan_AKA_ROY23]

https://pbs.twimg.com/media/Es1vfVEUYAAiwqm?format=jpg&name=large">

[Dan_AKA_ROY23]

^ White House mentioned. Shocking.

[TylerBeer]

if it's true, not surprised -  if the white house doesn't understand it, they'ed want it stopped until they do (which is never)

 talks of RH allowing trades back on tomorrow - real horseshit as they stuck people with the shares with no way around it.  so much for 'free' apps eh.

raises after hours. to the moon boys!

[Dan_AKA_ROY23]

talks of RH allowing trades back on tomorrow

That's what I'm hearing..

[RobertELee]

^ White House mentioned. Shocking.

Here's my shocked face...

[RobertELee]

https://i.ibb.co/85BBfqx/144122279-228469555614292-4545982279918568530-o.jpg">

[TylerBeer]

It ain't called Dogecoin for no reason

[mattq]

hahah I was putting spare change in that I'm up 750% last night I made a cool 20 bucks lol

[Smit]

Go AOC!  

https://www.independent.co.uk/news/world/americas/aoc-robinhood-app-gamestop-stocks-shares-b1794276.html">AOC demands probe after Robinhood app banned GameStop purchases triggering 90-minute sell-off frenzy

Excerpt:

Rep. Alexandria Ocasio-Cortez said she would support a hearing examining stock trading app Robinhood's decision to block lay investors from using the app to purchase GameStop shares and shares of other companies that were promoted on the Reddit message board WallStreetBets.  

"We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit," Ms Ocasio-Cortez said. "As a member of the Financial Services Cmte, I'd support a hearing if necessary."

Shortly after Robinhood banned the purchase of the stock, numerous holders sold off their shares, dropping its price from the mid $300's to $196 per share. However, calls from the Redditors to "hold the line" kept the stock from plunging further, and by noon GameStop was already recovering as its price climbed back into the $220 range.  

The stock became a battlefield between Reddit investors and hedge fund managers earlier in the week. The collective group of Redditors from the WallStreetBets subreddit bought the stock as hedge fund managers were attempting to short sell it.

[Shazam/TPP]

Ted Cruz called them out

https://www.washingtonexaminer.com/news/gamestop-cruz-aoc-marshall-trade-robinhood">//https://www.washingtonexaminer.com/news/gamestop-cruz-aoc-marshall-trade-robinhood

but AOC doesn't want to work with him

https://www.forbes.com/sites/rachelsandler/2021/01/28/aoc-rejects-ted-cruzs-help-in-investigating-robinhood-you-almost-had-me-murdered-3-weeks-ago/?sh=4274b7406eb2">//https://www.forbes.com/sites/rachelsandler/2021/01/28/aoc-rejects-ted-cruzs-help-in-investigating-robinhood-you-almost-had-me-murdered-3-weeks-ago/?sh=4274b7406eb2

[TylerBeer]

going to be a crazy up and down day.

[Smit]

Nope, I tried to sell late in the day, had a meeting go waaay too long and I didn't have anything set up because the day was so wild. Going to work cost me a few thou!

Tyler, how  did you find the info on the BB stock?

Did you hear rumor that the prices were going to be going up on Reddit or some other place?

It's pretty fascinating reading about what's happening in the stock market now. Ya gotta love seeing the hedge fund people who make money by gaming the system get their asses handed to them.

It's certainly piqued my interest. I'm going to read more about it and may get one of the trading programs and put a few thousand in there to play with. It looks like there's an opportunity to make a very nice profit if you get lucky and buy in at the right time.

[Dan_AKA_ROY23]

Sounds like solid investment advice! (I think, had trouble concentrating on what she said...  :p )

[spoiler title=maybe NSFW or your wife/gf nearby]https://twitter.com/i/status/1355562386711851015">https://twitter.com/i/status/1355562386711851015

[Leehound]

Sounds like solid investment advice! (I think, had trouble concentrating on what she said...  :p )

[spoiler title=maybe NSFW or your wife/gf nearby]https://twitter.com/i/status/1355562386711851015">https://twitter.com/i/status/1355562386711851015

I'd like to buy her stock!