Investing Thread

[MU82]

Here's a new one ...

I'm sitting in my office, checking on my investments, reading email, playing on Scoop, etc, and I notice a new email comes in from my one of my brokerages (Schwab) confirming a buy I made ...

... except I never made the effen buy!

It was for a small buy of Broadcom (AVGO), a company I am familiar with but not one that I own (or want to own at its current price).

So I checked my Schwab account and, sure enough, the damn shares of AVGO are in there.

It's been a crazy couple of days, so the lines are jammed. I waited on hold for more than an hour and finally got ahold of somebody. When I told her what happened, she put me on hold to talk to the trading desk. I was on hold for another 20 minutes.

Finally, she comes back and says, "As you probably know, we had some issues today. The site was down for awhile, and there is all kinds of craziness going on in the market. Somehow, some trades got placed in accounts that didn't place them, and this was one of them. I really apologize. Don't worry, it will just disappear from your account, hopefully today but if not by tomorrow. There will be no tax implications or anything else. Sorry about this again."

It's all good now that I know it will be settled, and as I said it wasn't for that many shares. But I mean ... what if it had been some kind of bogus $100K buy. It's a little unsettling, to say the least.

[jficke13]

Can someone explain why someone can't just short GME at this point and wait 6 months? Is that not allowed to wait so long?

Naive to the nuances of shorting, and calls vs. puts.

The premium charged to buy a put right now on GME is INSANE. You need deep pockets to even think about it... and because the premium is so high, it's eating into the eventual profit margin when the bubble bursts. So people are, rightully saying, why spend that much money for such a (comparatively) small gain?

And for just naked shorting the thing... well... deep pockets again because brokers aren't going to just let you smile and whistle while the thing keeps getting squeezed to the moon. Why else do you think the Andrew Left's of the world are covering? If they could whistle their way along, they would... and if they can't, then we can't.

[jesmu84]

What's more likely:

Bailouts of hedge funds negatively affected here?

Or

Government regulation cracking down on individual trading so that licensed funds/brokers are the only ones who can buy/sell stocks?

Or

Both?

[JWags85]

The premium charged to buy a put right now on GME is INSANE. You need deep pockets to even think about it... and because the premium is so high, it's eating into the eventual profit margin when the bubble bursts. So people are, rightully saying, why spend that much money for such a (comparatively) small gain?

And for just naked shorting the thing... well... deep pockets again because brokers aren't going to just let you smile and whistle while the thing keeps getting squeezed to the moon. Why else do you think the Andrew Left's of the world are covering? If they could whistle their way along, they would... and if they can't, then we can't.

Right, like I mentioned, you could get $40P for like $5, have the stock plunge $300 to $35, and depending on how fast that happens, make almost nothing. The risk reward is terrible on puts right now.

As for shares, there is a also a borrow cost for shares.  On very highly demanded stocks, such as GME right now, that can be 20-25%.  So say you short, $10000, that’s $2000-2500 a year, so $1000-1250 over that 6 month period.  And that’s not counting margin interest as many short positions are 50% equity and 50% margin from the broker.  It’s not just a pure “I’ll go short $10K and wait”

What's more likely:

Bailouts of hedge funds negatively affected here?

Or

Government regulation cracking down on individual trading so that licensed funds/brokers are the only ones who can buy/sell stocks?

Or

Both?

Neither.  Why would a hedge fund get bailed out?  It’s not a bank or a core industry.  And it’s not like they were the victim of an industry wide shellacking.  Funds make bad bets and blow out ALLLL the time.  The destruction of the XIV crushed a bunch a few years ago.

And why would they kill retail? There is too much money in retail stock trading for that.  From market liquidity, to companies, to brokerage business, etc... that would never happen, the street wouldn’t want it.

This is all crazy and it will certainly be talked about in finance classes in the future, but don’t reach to make this something bigger than it is. Things will return to normal and by spring it will be a memory.  Markets have been chaotic and prone to black swans for all of their history, this is nowhere near big enough to even broach the topic of regulations or bailouts.

[forgetful]

The premium charged to buy a put right now on GME is INSANE. You need deep pockets to even think about it... and because the premium is so high, it's eating into the eventual profit margin when the bubble bursts. So people are, rightully saying, why spend that much money for such a (comparatively) small gain?

And for just naked shorting the thing... well... deep pockets again because brokers aren't going to just let you smile and whistle while the thing keeps getting squeezed to the moon. Why else do you think the Andrew Left's of the world are covering? If they could whistle their way along, they would... and if they can't, then we can't.

Right, like I mentioned, you could get $40P for like $5, have the stock plunge $300 to $35, and depending on how fast that happens, make almost nothing. The risk reward is terrible on puts right now.

As for shares, there is a also a borrow cost for shares.  On very highly demanded stocks, such as GME right now, that can be 20-25%.  So say you short, $10000, that’s $2000-2500 a year, so $1000-1250 over that 6 month period.  And that’s not counting margin interest as many short positions are 50% equity and 50% margin from the broker.  It’s not just a pure “I’ll go short $10K and wait”

Thanks and thanks. The borrow cost makes a lot of sense. I was wondering why someone couldn't just short 10 shares (right now cost of $3500) likely will be back to $10 a share in 6-12 months. That would be a net profit of $3400. Even if it went up to $1000 a share, that only puts someone at $10k to cover without needing margin.

But if you are paying a 20-25% per year fee to hold onto that position, the benefit quickly evaporates as you have to wait it out.

Appreciate the info. There is a reason why I stick to long positions.

[jesmu84]

Right, like I mentioned, you could get $40P for like $5, have the stock plunge $300 to $35, and depending on how fast that happens, make almost nothing. The risk reward is terrible on puts right now.

As for shares, there is a also a borrow cost for shares.  On very highly demanded stocks, such as GME right now, that can be 20-25%.  So say you short, $10000, that’s $2000-2500 a year, so $1000-1250 over that 6 month period.  And that’s not counting margin interest as many short positions are 50% equity and 50% margin from the broker.  It’s not just a pure “I’ll go short $10K and wait”

Neither.  Why would a hedge fund get bailed out?  It’s not a bank or a core industry.  And it’s not like they were the victim of an industry wide shellacking.  Funds make bad bets and blow out ALLLL the time.  The destruction of the XIV crushed a bunch a few years ago.

And why would they kill retail? There is too much money in retail stock trading for that.  From market liquidity, to companies, to brokerage business, etc... that would never happen, the street wouldn’t want it.

This is all crazy and it will certainly be talked about in finance classes in the future, but don’t reach to make this something bigger than it is. Things will return to normal and by spring it will be a memory.  Markets have been chaotic and prone to black swans for all of their history, this is nowhere near big enough to even broach the topic of regulations or bailouts.

Did you see the interview with the head of NASDAQ today?

[JWags85]

Did you see the interview with the head of NASDAQ today?

About trying to match social media activity to “unusual” trading or manipulation? That’s nothing new.  Before Twitter and Reddit, people were pumping and dumping on stock message boards (the Yahoo Finance boards were VERY popular for it).  I’m fairly plugged in to “FinTwit” which is just as adept at trying to spread rumors and do this sort of stuff.  It’s VERYYY hard to enforce.  The NASDAQ and SEC will certainly try, but it’s hardly a slam dunk.

And I saw nothing in her comments about preventing retail consumers from trading, or bailing out funds.  And putting limiters on “extreme activity” isn’t the path to preventing only licensed people from buying and selling.  It’s like pointing to the authorities cracking down and preventing high speed racing on highways as evidence that potentially only licensed chauffeurs and transportation professionals would be able to drive cars in the future.

EDIT: I forgot about the “let funds recalibrate” during halts in volatile names. I’d have to hear more, but again it’s still different than the scenarios you described. Also, don’t discount it being lip service to placate funds/investors/etc during this chaotic time that comes to nothing when everyone moves past this in a few weeks.

[DegenerateDish]

With WSB being shut down, I wonder if tomorrow is going to be a gigantic eff you play on all the meme stocks. I think it’s going to be really interesting.

My brother works for E Trade, and he’s working 20 hour days. He said he’ll work until midnight, sleep in his home office, and get up at 4. He said they don’t have the staff to handle the insane volumes coming in.

[Skatastrophy]

With WSB being shut down, I wonder if tomorrow is going to be a gigantic eff you play on all the meme stocks. I think it’s going to be really interesting.

My brother works for E Trade, and he’s working 20 hour days. He said he’ll work until midnight, sleep in his home office, and get up at 4. He said they don’t have the staff to handle the insane volumes coming in.

WSB isn't shut down. It went private for ~1hr

Edit: I wouldn't be surprised if the subreddit mods + Reddit admins were making a few changes. The GME threads have been bringing the Reddit back-end to its knees. They are on their 4th GME thread of the day now that the mods asked them to roll the thread over well before the 99999 comment limit. Now they're rolling over at 50k comments. Absolutely wild.

If GME's market cap is big enough to make the S&P500 criteria, now they just need a few profitable quarters in a row... lol

Edit 2: Looks like the WSP Discord server got brigaded and banned for hate speech. Online communities are tough to wrangle sometimes. They should pay for better moderators like we do here at MUScoop

[JWags85]

WSB isn't shut down. It went private for ~1hr

Edit: I wouldn't be surprised if the subreddit mods + Reddit admins were making a few changes. The GME threads have been bringing the Reddit back-end to its knees. They are on their 4th GME thread of the day now that the mods asked them to roll the thread over well before the 99999 comment limit. Now they're rolling over at 50k comments. Absolutely wild.

If GME's market cap is big enough to make the S&P500 criteria, now they just need a few profitable quarters in a row... lol

Edit 2: Looks like the WSP Discord server got brigaded and banned for hate speech. Online communities are tough to wrangle sometimes. They should pay for better moderators like we do here at MUScoop

That’s not surprising. During the run the last few months, they referred to anything short or not bullish as (rainbow emoji)(bear emoji), you can figure out the super juvenile meaning

[Goose]

Congrats to the Koss family. Helluva of a day for a MKE family. Sadly, the $165 million today might be very short lived. I hope they could sell whatever they could without the SEC filing probably needed for the big score.

[forgetful]

About trying to match social media activity to “unusual” trading or manipulation? That’s nothing new.  Before Twitter and Reddit, people were pumping and dumping on stock message boards (the Yahoo Finance boards were VERY popular for it).  I’m fairly plugged in to “FinTwit” which is just as adept at trying to spread rumors and do this sort of stuff.  It’s VERYYY hard to enforce.  The NASDAQ and SEC will certainly try, but it’s hardly a slam dunk.

And I saw nothing in her comments about preventing retail consumers from trading, or bailing out funds.  And putting limiters on “extreme activity” isn’t the path to preventing only licensed people from buying and selling.  It’s like pointing to the authorities cracking down and preventing high speed racing on highways as evidence that potentially only licensed chauffeurs and transportation professionals would be able to drive cars in the future.

EDIT: I forgot about the “let funds recalibrate” during halts in volatile names. I’d have to hear more, but again it’s still different than the scenarios you described. Also, don’t discount it being lip service to placate funds/investors/etc during this chaotic time that comes to nothing when everyone moves past this in a few weeks.

Again, I'm not very knowledgeable in all this, and largely reciting what others that do this for a living tell me, but I don't know how you make what they are doing illegal. Is it manipulating stock prices? yes?

But the strategies many hedge funds use, and the algorithms driving their trades are designed to manipulate stock prices in some cases.

So, if you make it illegal for a group of strangers to chat about doing a gamma squeeze, how do you not make it illegal for people to pool their money together into a hedge fund to get leverage to do the same.

[cheebs09]

Any of you make enough the last few days to foot Wojo’s buyout?

[jesmu84]

About trying to match social media activity to “unusual” trading or manipulation? That’s nothing new.  Before Twitter and Reddit, people were pumping and dumping on stock message boards (the Yahoo Finance boards were VERY popular for it).  I’m fairly plugged in to “FinTwit” which is just as adept at trying to spread rumors and do this sort of stuff.  It’s VERYYY hard to enforce.  The NASDAQ and SEC will certainly try, but it’s hardly a slam dunk.

And I saw nothing in her comments about preventing retail consumers from trading, or bailing out funds.  And putting limiters on “extreme activity” isn’t the path to preventing only licensed people from buying and selling.  It’s like pointing to the authorities cracking down and preventing high speed racing on highways as evidence that potentially only licensed chauffeurs and transportation professionals would be able to drive cars in the future.

EDIT: I forgot about the “let funds recalibrate” during halts in volatile names. I’d have to hear more, but again it’s still different than the scenarios you described. Also, don’t discount it being lip service to placate funds/investors/etc during this chaotic time that comes to nothing when everyone moves past this in a few weeks.

"Working with regulators to control these types of situations"

That came out of her mouth.

[jesmu84]

Again, I'm not very knowledgeable in all this, and largely reciting what others that do this for a living tell me, but I don't know how you make what they are doing illegal. Is it manipulating stock prices? yes?

But the strategies many hedge funds use, and the algorithms driving their trades are designed to manipulate stock prices in some cases.

So, if you make it illegal for a group of strangers to chat about doing a gamma squeeze, how do you not make it illegal for people to pool their money together into a hedge fund to get leverage to do the same.

The wealthy/rich/powerful can kinda do what they want.

[Not A Serious Person]

What are you even talking about? Plotkin who runs Melvin Capital is 40. Left is in his late 40s.  This was overly aggressive asymmetric short bets that blew up, not stock revolution.
Not a bunch of old dinosaurs outsmarted by reckless dudes on Reddit dumping CC balances into RobinHood.

Citron is far from done, this hurt but they are notorious for bailing on positions early. LMAO if you think this is anything by an unpleasant blip for Citadel.

Market is history is LITTERED with random stock skyrockets and squeezes without true fundamental justification. NKLA and TLRY did it in the last few years alone. And sometimes a fund or two gets blown out in the process. Leverage is a biatch. But that doesn’t mean as a result the ENTIRE market will change.

Not everyone can be flawless and generationally wealthy from shorting AAPL like you.

Plotkin is down 100% YTD.  He is a crappy manager.  All managers that lose 100% of their client's money in three weeks and their firm are crappy.

You must work in the investing business.  Because only a highly trained investment manager can think this pile of dog sh!t knows what he is going.

I'm not afraid of loss porn, apparently, you lack the confidence to do the same.  Otherwise, show you have a pair and tell us about your worst trade.

And I'll go first again, I got smashed pretty good last year when oil went negative.

[Not A Serious Person]

The simple explanation of what has happened.

The hedge fund industry is a bunch of scum bags.  They all collude with each other (which is illegal).  They all colluded to short GameStop (again illegal ... they have to file with the SEC as a group when they collude, they never do). 

The GameStop short position was over 140% of the number of shares outstanding.  This is unbelievably illegal, it's called a naked short (selling shares without borrowing them). This is what caused the 1929 crash and the SEC was invented specifically to prevent this from happening again.  It did (and has many times before).  The SEC is terribly incompetent, and Biden is not going to change this.  Everyone in the industry wants to SEC to stay this way.

Then the hedge funds that colluded to break the law in shorting more than 100% of the shares in GameStop, hired a useful idiot. In this case, it was Andrew Left of Citron (the other useful idiot is Carson Block of Muddy Waters).  With their big short established, Citron's job was to write reports and bad-mouth GameStop, too drive it into bankruptcy.  This way the 140% short would be fabulously profitable and Aspen real Estate would jump even higher.

Citron is well paid by the colluders to help with the lawbreaking, none of this is ever disclosed (which is also against the law).

Now, if the scum bags hedge funds were honest, they would see a poor positioning by dummies like Gabe Plotkin of Melvin Capital.  They were vulnerable to a massive short squeeze.  But would Citadel, Goldman Sachs, JP Morgan, D1 Capital, Point72 (take your pick) actually try and profit by squeezing this short position?  No, they are all colluding together on this.  And if an outside hedge fund tried to squeezee, they would shut them down.

Now over on Reddit's Wall Street Bets, there are some really smart people, much smarter than the people colluding.  They saw this squeeze vulnerability.  They perfectly laid out the case on a public forum (not illegal).  They explained when they get them on the run, there would be a big short squeeze sending the shares soaring (again not illegal).  And when the shares soared, the company would be able to sell shares at higher prices and improve their financial position, which they did today (63 million shares sold to raise $304 million). And with Ryan Cohen from chewy.com now running GameStop, he would be smart enough to use this capital to remake the company thus increasing its value.  In other words, retail investors on WSB got it right.  The highly paid scum bags got it wrong.

The real problem here is the wrong people made money.  And they cost the "right people" money.  This is not acceptable.  So Scott Wapner and other morons on CNBC were whining and moaning on behalf of the billionaire's that lost money to retail investors that this is dangerous and needs to be regulated.  It was sickening to watch CNBC today.

Citadel and Point72 (Steve Choen, now owner of the NY Mets) bailed out Melvin by injecting $2.75 billion on Monday.  The problem is that was not enough, this money is gone and now Citadel and Point 72 are at a loss. 

* After the close, Point72 announced it lost 10% to 15% this month.  Restated, they lost one-sixth of their money since Monday.

MU82, I may be smuggles (if you're reading this), but Cohen makes me look reserve.  This guy, with 10 followers tweet this yesterday afternoon at Cohen ... @NickConti96 Hold $GME until @SteveACohen2 has to sell the Mets.

Then smug Billionaire Mets Owner tweeted this @StevenACohen2 Rough crowd on Twitter tonight, Hey stock jockeys keep bringing it.

This guy is the real smuggles!  I'm just a scoop pretender.

The "stock jockeys" did keep bringing it, they doubled their money today and Cohen lost over $1 billion.  Citadel's Ken Griffin lost a lot more.  Arguably today was one of the worst single days in the career of Cohen and Griffin.  Monday was that day for Plotkin.

Wall Street Bets now has 3.3 million followers and collectively, they are the most powerful force on Wall Street.  They are using this force to "stick it" to billionaires like Cohen, Plotkin, and Griffin. These guys have been reduced to angry old men shaking their fists as the world is passing them by. The only way they know how to make money is by stealing it and lawbreaking.  They have done it so long, they think they have a right to continue to do it, without any question or interference.

Earlier tonight they got to the server company that host Wall Street Bets called Discord.  They shut down Wall Street bets and Discord issued a press release explaining why, using the tech industry's new excuse ... Today, we decided to remove the server and its owner (the Reddit forum Wall Street Bets) from Discord for continuing to allow hateful and discriminatory content after repeated warnings.

Three weeks ago Trump's tweets were hate speech.  Today anything that causes billionaires to lose money is also hate speech and must be stopped.

Wall Street bets have more power than the 74 million people that voted for Trump.  Because 90 minutes after they shut them down, they screamed so loud that Discord reversed this decision and Wall Street Bets was back online. 

So, yes the regulators need to crack down on lawbreaking here.  They can start by arresting Gabe Plotkin for fraud.  All the lawbreaking was by the hedge funds and their cronies at the prime brokers and the banks. They were so sloppy with their rulebreaking that it was obvious for anyone to see how to screw them.  Since everyone on Wall Street is in bed with each other, no one would take them on.  So, retail banded together and stuck them really good.

Happy to answer questions.

[JWags85]

Plotkin is down 100% YTD.  He is a crappy manager.  All managers that lose 100% of their client's money in three weeks and their firm are crappy.

You must work in the investing business.  Because only a highly trained investment manager can think this pile of dog sh!t knows what he is going.

I'm not afraid of loss porn, apparently, you lack the confidence to do the same.  Otherwise, show you have a pair and tell us about your worst trade.

And I'll go first again, I got smashed pretty good last year when oil went negative.

Not in the investing business at all. The difference is I don’t come here acting like I know everything and brag about my sure fire positions. Keep attacking me and my supposed lack of cajones. I’ve lost plenty constantly. I lost well over $25K when I began trying to learn option trading and when I got on the wrong side of some biotech plays in a rough 3 year stretch.

But again, you litter good insight with absurd and over-reaching hubris and absurdity. Now the denizens of WSB are “much smarter” than Steve Cohen and Ken Griffin? Lmao, good one. The majority of WSB are perennial losers. Like I said, GME was a perfect storm that started with Michael Bury and Ryan Cohen getting involved, well before WSB had anything to do with it recently.

But go ahead, I’d recommend following everything WSB does, maybe offer to start a fund and pool money with them, I’m sure they will crush all those idiot dinosaurs at Citadel and Point72 who have lost their touch. StockGuy69 and his Reddit investment thesis portfolio will HODL and crush them.

Plotkin had a fund that is barely 5 years old and had a few hot years. Lumping him in with some of the most successful guys of the last 25 years to say they’ve all “lost it” is just classic Heisy bombastic nonsense

[Not A Serious Person]

But again, you litter good insight with absurd and over-reaching hubris and absurdity. Now the denizens of WSB are “much smarter” than Steve Cohen and Ken Griffin? Lmao, good one. The majority of WSB are perennial losers. Like I said, GME was a perfect storm that started with Michael Bury and Ryan Cohen getting involved, well before WSB had anything to do with it recently.

But go ahead, I’d recommend following everything WSB does, maybe offer to start a fund and pool money with them, I’m sure they will crush all those idiot dinosaurs at Citadel and Point72 who have lost their touch. StockGuy69 and his Reddit investment thesis portfolio will HODL and crush them.

Plotkin had a fund that is barely 5 years old and had a few hot years. Lumping him in with some of the most successful guys of the last 25 years to say they’ve all “lost it” is just classic Heisy bombastic nonsense

Do you know why Cohen's firm is Point72 (for the firm address 72 Steamboat Road, Greenwich)?  Because he was forced out of the hedge fund business for two years, SAC (Steven A Cohen) Capital, by the SEC for too much lawbreaking.  It was illegal for him to run other people's money again until 2018.  Point72 was his family office (his own money) until 2018.

Yes, Cohen and Griffin have been successful because they steal it, and they are stealing in such a big way that no one will take them on.

Go ahead and stay with the thieves.

I think they will do to Cohen and Griffin what they did to Buffett after he sold his airlines last May, made him look like a complete idiot and cost him a ton of money (the airlines doubled in a month after Buffett sold them).

[TSmith34, Inc.]

Oh oh, Heisy. I know you are going to want to rethink your position seeing as you and AOC agree on this.

Alexandria Ocasio-Cortez
@AOC
Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino
https://twitter.com/AOC/status/1354536220110577664

[StillAWarrior]

I got up this morning and checked Robinhood and saw that GME was up at $475. Unbelievable.

I just checked it again...and it tells me something along the lines of, "This stock is not supported on this platform." It had that message because I had left it on GME when I left the App. When I search for GME on the App, it doesn't exist. WTF?

A quick trip over to WSB and they've obviously noticed this too. Apparently if you're holding GME in your account, you can sell it, but Robinhood won't let people buy GME any more.

[forgetful]

I got up this morning and checked Robinhood and saw that GME was up at $475. Unbelievable.

I just checked it again...and it tells me something along the lines of, "This stock is not supported on this platform." It had that message because I had left it on GME when I left the App. When I search for GME on the App, it doesn't exist. WTF?

A quick trip over to WSB and they've obviously noticed this too. Apparently if you're holding GME in your account, you can sell it, but Robinhood won't let people buy GME any more.

Apparently, Robinhood is blocking users from buying a lot of the stocks WSBs was targeting. GME, NOK, AMC, NAKD, ... etc.

Apparently, the hedge funds fight back dirty.

Wonder if that is really their move, or if it just a pre-market trading thing.

[StillAWarrior]

I had to laugh at a photo caption in a Newsweek article about GME: "Mark Cuban cheered on 'the little guy' after small-dollar users of subreddit r/WallStreetBets drove up the stock price of GameStop, causing high-dollar investors to lose thousands in their plans to 'short-sale' the stock."


"Thousands"? Really? Wow. Those high-dollar investors must have shorted literally 10's of shares. While I still don't know what this will look like when the dust clears, the infusion of $2.75 billion into Melvin Capital suggests that maybe more than "thousands" are at issue here. And that was when the price was at $150; it's triple that now.

[forgetful]

I had to laugh at a photo caption in a Newsweek article about GME: "Mark Cuban cheered on 'the little guy' after small-dollar users of subreddit r/WallStreetBets drove up the stock price of GameStop, causing high-dollar investors to lose thousands in their plans to 'short-sale' the stock."


"Thousands"? Really? Wow. Those high-dollar investors must have shorted literally 10's of shares. While I still don't know what this will look like when the dust clears, the infusion of $2.75 billion into Melvin Capital suggests that maybe more than "thousands" are at issue here. And that was when the price was at $150; it's triple that now.

It is interesting to watch how the media covers it. The talking heads are pissed, act as if this is the most terrible, illegal thing to happen to the market. Others ignore it as if it isn't happening and refuse to highlight the loses some hedge funds have had as a result of it.

Brokerage companies now blocking users from buying the stocks in play by WSBs.

**puts on tinfoil hat**

Seems like the powers that be are really afraid that the little guys, may upset the apple cart and disrupt their cash flow.

The moves and media stance right now seem to suggest a power play, to block stock purchases (only allow one to sell) to force the stock to plummet back down. Watch the media talk about how much money these little investors suffered as a result, but hide the fact that being was blocked. The way to return things back to hedge fund control.

[Hards Alumni]

It's really too bad that the rich don't want to play by the rules of the game that they've written.  But it isn't surprising.  Usually this sort of thing happens when the big boys gang up on each other... but now that little guys organize its a problem.  It's almost as if the super rich don't want anyone to organize.  Hmmmm...

We're truly living in the second gilded age.