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  1. #1
    Senior Member Reputation points: 30747
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    After people I personal talked to made huge gains on Gamstop, yesterday I took some small positions on Nokia (invested $300) and AMC (invested $300). My Nokia position is currently -31% and my AMC position is currently -38%..... God Damn FOMO got the best of me.

    The things that the brokerages are doing to prevent the run up is working. I guess the short sellers are now reaping all the benefits. I think this is a very public display of just how rigged the system is.. This can become very bad for the stock industry. The optics just doesn't look good when the hidden hand that is always present shows up in such a public way.

    Discord shuts down the Wallstreetbets server, the brokerages moving the goal posts, etc..

    Just like the Tech industry kicked President Donald Trump off the internet, they can do the same thing to anyone or anything...
    Last edited by Winning; 01-28-2021 at 10:38 AM.

  2. #2
    Senior Member Reputation points: 16117 capaxess's Avatar
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    Quote Originally Posted by Winning View Post
    After people I personal talked to made huge gains on Gamstop, yesterday I took some small positions on Nokia (invested $300) and AMC (invested $300). My Nokia position is currently -31% and my AMC position is currently -38%..... God Damn FOMO got the best of me.

    The things that the brokerages are doing to prevent the run up is working. I guess the short sellers are now reaping all the benefits. I think this is a very public display of just how rigged the system is.. This can become very bad for the stock industry. The optics just doesn't look good when the hidden hand that is always present shows up in such a public way.

    Discord shuts down the Wallstreetbets server, the brokerages moving the goal posts, etc..

    Just like the Tech industry kicked President Donald Trump off the internet, they can do the same thing to anyone or anything...
    They did the same thing in China. Yea, that China.

    This is bigger than most folks here can imagine; these banks and hedgies are already on very thin ice and leveraged to nose-bleed levels. This is existential to them. And probably to us too. Just saying.

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