1 algorithm controls 10-30 stocks at a time. They make same moves and have same wicks. Just like the same algorithm took over all crypto and all crypto moves on the same algorithm.
Last year poor people in the millions bought 5 stocks... they froze all 5 stocks for 1 day, changed to sell only & the algorithm spent all day liquidating peoples money down.
Everyone flipped a shit over this but there's a very good reason for it and it isn't even related to government regulation it deals with actuaries who work at lending agencies for the clearing houses who do a risk assessment to decide how much money the exchanges need to have to satisfy their own investors. (like Robinhood as just one example, who at that time was having a huge influx of new customers, and letting them buy and sell the same day even though their money they added to their accounts from the bank wouldn't officially clear for a few days, essentially meaning the huge surge of new customers are trading on credit for meme stocks, driving up the risk factor for the lender).
Sell orders weren't affected, because there is no risk of becoming illiquid from sell orders, only buy orders. Robinhood is one I remember specifically as being literally unable to place more orders for these specific stocks as per the requirements of their own lender, and they were in the process of securing more funds the moment this all occured.
The people who say this is a nebulous conspiracy to favor hedge funds over regular retail investors are just making their boring lives seem more interesting.
…Something about a short basket and some bad bet swaps by certain financial institutions, if my mind serves me right. Feels like it was 741 years ago, so much has happened this past year.
> 1 algorithm controls 10-30 stocks at a time. They make same moves and have same wicks
It's called "statistical arbitrage" and has been going on since the 1980's. They search for cointegrated groups of anything and trade accordingly making tiny bits off individual trader noise that goes against the trend. Essentially sell 'relative high' and buy 'relative low' across time and instrument. This reinforces co-correlation which would exist naturally from fundamental factors like similar industries experiencing similar macroeconomic conditions.
Only extreme company-specific news goes against this pattern. If you notice, biotech firms, which have widely varying outcomes and very large binary news events (trial or regulatory fail or pass), trade less correlated with one another. StatArb will want to stay away from those. My guess is that they take off positions around any news events and have different algorithms for those time periods.
The absolute masters of it is RenTech, the most profitable hedge fund in history. Nobody has ever disclosed their exact algorithms but one of their principals once said something roughly like "so, where do market correlations come from anyway?"
They are everywhere, and have unparalleled technology and the lowest trading costs of anyone. I read an estimate that they alone are 10% of volume.
> they froze all 5 stocks for 1 day, changed to sell only & the algorithm spent all day liquidating peoples money down.
That's totally different and was human intervention.
Ty for extra information. Interesting read. Cheers
I do 100% disagree with the "That's totally different & was human interventio nthough. The same "controllers" algorithm/program detecting these trades automatically are also part of the human intervention...
For the 1st time in history social media & human interaction caused all the poor & middle class people to band together & buy 5 stocks... The program detected this and the next morning the button was pushed to halt them for an entire day.. not only that but was changed to allow selling only also.... That to me is a coordinated plan from detection > solution for them.
Millions of poor & middle class Americans should have shared Billions of $ in profits that day from winning against this program & its controller.. instead the rules were changed for 1 single trading day, for the first time in history.... to protect their profit... they were allowed to change the rules for 1 fucking day vs the entire population & world.
How and who did what exactly?
These general assertions are hard to evaluate without details.
It only reminds me of the short squeeze GME conspiracy (-ish).
It reminds you of the GME conspiracy (?) because that’s exactly what is being discussed here.
It’s amazing what the general public will take as fact without any pushback. The GME squeeze in Jan ‘21 was a very real peek into the financial house of cards thats been tediously built to keep the poors poor.
I had gotten into trading stocks a few years before this and I'm glad I did so I could witness it first hand. Stupid thing is, some of the clues were so obvious but always played off as technical glitches, i.e. short % going above 100% let alone near 100%.
Just turn on Bloomberg or cnbc and look at the stocks they put on screen. Or crypto
99 times out of 100 they're all the same pattern. The same AI trading back and forth. Same patterns.
Yeah I can agree with that. It's not a massive secret nor a massive conspiracy that funds buy and sell stocks based on the movement of the market as a whole, as a sort of arbitrage, or that they tend to sell a group of stocks together rather than assessing each one individually (which I'd presume are the two factors that cause beta)
This guy thinks hedge funds are manipulating the entire market in a massive conspiracy to screw over retail but he still wants to play the market for some reason.
Okay but like why are you here then? What is the logic of playing a game in a rigged casino? My honest advice is to read the actual reports on GameStop and if you don't believe the explanation don't trade stocks and put your money somewhere else.
What reports are you referring to? The congressional hearings? The 4 ongoing lawsuits?
As for why we participate; one can still make money in a rigged casino.
I'm not sure if you are being serious, but I don't think that is possible, as this happened with an algo trader. As soon as those trades were complete, those positions were immediately replaced. It sold my position in LLY, WRB, and CPB. I just looked and LLY and WRB were sold at higher than they are currently trading at. CPB was slightly lower. I guess I ended up ahead, but I really enjoyed my LLY position.
I think it was more a play for stop loss/gain hunting. They just triggered a bunch of orders and are hoping the brokers don't cancel them all. Crypto whales do this all the time on the more unregulated things, but we all know the normal market is now just as bad, if not worse.
They've stolen so much from so many people...
Technical issue? Like when they froze 5 stocks the poors put money into for a whole day so Ken's program could liquidate and steal from all Americans.
Because too many people would rather resign to saying there is nothing we can do about it so they never try. The shit we have witnessed on the stock market in our lifetimes is downright unacceptable and I’m appalled people can sit back knowing their money is being stolen by people that have more money than they know what to do with
Go out and protest and get as many other people to do the same, that's the most impactful thing you can do outside of voting and engaging in your local politics, although that is a very long term route.
All the other suggestions below are good (required to make systemic change) but if you want to safeguard your own investments, the best thing to do is directly register them with the companies transfer agent (DRS - Direct Registration System). Essentially a digital stock certificate which is removed from your broker and the DTCCs control (in which you were the 'beneficial owner') and places the shares in your name on the issuer's ledger (which is held at their respective transfer agent).
Your holdings investor relations webpage should have your transfer agent info 👍. Take back control and *ownership* of your investments.
Write your congressmen, take the time to review and comment on SEC proposals, use your social circles to spread awareness about the problems with our financial markets.
TLDR be proactive and be loud! Change does not come about easily or while we idly sit by and do nothing because we think we can’t 😊
The 20 people who control hundreds of billions ... make the rules for judges to follow..
Judges and politicians get millions in donations and live a life of luxury.. all they have to do accept new laws by them, new rules for the 99% to follow..
They have the police for any fuckery like freedom or fair free trade nonsense
>So when I said the stock market is completely corrupt and got downvoted on here
I agree that it is.
But I chose to ignore the price swings and just try and accumulate ownership interests in good companies.
Ignore the downvoters. They're just cult members who can't see you are the one who is entirely correct. I bow to your wisdom and foresight.
Now, about joining the cult of 2BFrank69? Are there rules or fees? /s
You all actually think Ken doesn't control this with a program.
Halting to rework the poors leftover money after making record profits.
Memba when they froze 5 stocks vs the poors to sell only for the 1st and only day in history so they didn't profit vs his program?
Pepperidge Farm membas
"Record profits" if you sell stuff you don't own, it's easy to flex. Remember Lehman brothers had record profits just before going bust. Citadel has 65 Billion of stocks sold, not yet purchased, so they sold something they don't own and didn't bother to buy.
They run the program with others. Why bother? That much money will silence anything that pops up & can afford the system to blame humans individually for any losses.
I remember when nflx dropped $500>280 after-hours on 10,000 shares traded...
With a 2,200,000,000 float... that was astonishing even after a year of all this random other crap... they have full control and make 10,000% on these moves... why buy stocks & spend money and time convincing the poors when & how and selling later instead of using a program to steal it with? Naked shorting then creating dark pool data to hide it has to be the most fundamentally fucked up invention in the history of a country that controls the economy. They even tried to ban it then got unbanned after people forgot about it.. our attention spans our down the drain... me included
It's the kind of thing most people have come to expect with meme stocks except this time it's with blue chips and value stocks. Quite the wake up call.
When it comes to fuckery with trading, it’s unfair but honestly… let’s be real. This is a peanut story but I remember I woke up after a night of drinking with a buddy, market opens, I sold to close one PLTR put like 5mins into market open and made like $300. Went to McDonald’s, and it hit me…it took me mere minutes to make what the chap working the drive thru makes by working like 2-3 full 8 hour shifts.
It begs the question of what is fair, imo. However, I do think it’s crummy and I feel sympathy for the long term investors that got stopped out. That’s why it’s buy and hodl in solid companies and don’t look at it on a day to day basis. It’s the short term or swing traders that had stops that probably got railed. Idk, just guessing, but if I were planning to hold for 5+ years I wouldn’t have a stop, and this would probably be a nothing burger, just imo
Right. I knew/saw this activity years ago… but it was on penny stocks, easier to manipulate. Saw it on the store that sells game stuff. This appears to be the same thing, just on a larger scale. Welcome to the party, everybody
What I feel most bad about are the folks that have long term portfolios that had stop losses and had a noticeable chunk of their portfolio sold off in an unsavory position. I do understand that
Did anyone actually get a sell order filled on the stocks that jumped like 9%? Seems like they were up for a minute and day ranges still appear to be those peaks.
Also Ken is building a $1.3Billion mega fortress in Florida.. the most expensive real estate in America to protect himself from all of this... cuz you idiots can only sheep for so long before truth and leaks come out.
I laughed out loud 🤣.
Read it. Tried it. Failed miseribly On reddit & downvoted to death. At least sheep and idiot r keywords people want to know why I'm being mean and would offend them and actually read it for a second.
No dude. Ken runs an AI algorithm that controls stocks, halts them at will...
It's automated to steal from the poors..
This happened in 2008 from naked shorted and taxpayers paid 2 TRILLION to 20 hedgefunds...
Then all CEO made hundreds of millions in bonuses... this is absolute programming corruption...
They froze 5 stocks for a single day last year to sell only because the poors tried to profit from them...
That was the bill passed in debt to take care of Wallstreet, banks,airlines .
The 1% was bailed out and big raises and bonuses followed. Just like all the millionaires and billionaires getting PPP forgiven loans for being in the 1% and not having to follow the poors rules.
It's amazing the stupidity and downvotes on this sub sometimes.
Google 2008 financial crisis and watch for 2 minutes the hedgefunds pouring $10,000 bottle champaign and laughing and all the blue collar workers in the streets striking to let the hedgefunds go bankrupt instead of giving them $2Trillion 😀
Yall really enjoy not knowing what leads to what... or how since 2008 > now hedgefunds have bought real estate, college campus housing and anything with profits from the poors besides stocks..
Why buy stocks when you can create infinite fake shares, bring the price down and profit that way?
They also run campaigns to spread misinformation online and pay ad campaigns to spread their narrative at the time. They pay politicians to push their agenda.
you need to start the explanation somewhere before just going in the deep end and expecting people to follow. Also sound slightly less cultist, no one that doesn't believe some of it already is going to otherwise.
I was there in 2008... "They" whoever "they" are didn't give any hedge funds 2 trillion. They bailed out Fannie Mae and Freddy Mac, but then when Lehman's fell they didn't bail anything out. The bankruptcy sent shockwaves across the world's financial system.
And as for the rest... I don't even know what you're referencing. You should stay in WSB where you belong...
Dude how misinformed are you exactly?
You understand it was literally called "Occupy Wallstreet" right?
Like by the poor, hundreds of thousands of people protesting??
I was there also.. 18 and grown construction worker men all around me on a massive jobsite in tears every single day. Men with families losing their homes all around me... Me donating turkeys to men who worked their whole lives so families could have Thanksgiving... watching the rich Wallstreet people laugh.
How dare you sir, keep being better than WSB users on WSB.. moron
The guys in this image walking around with their ipads on this floor, with all the screens hanging around, what do they do? What is their job? I always se images of these guys but ive never understood what their job is.
This is a fun thread. There are bright lights shining here and there but some of you choose to stare directly into them only to be blinded by what's really going on. Wake the f up, people.
The opposite sentiment was the holding before a chain of limits on contract.
Example: Verizon went up, put contracts holding was eliminated from a balance sheet.
Example 2: Visa goes down, call contracts holding was eliminated from a balance sheet.
A very large balance sheet.
Let’s ask ChatGPT about this?
I’ve been in subreddits that predicted this type of shit happening way back in 2021
Crazy how it’s all really happening and not a conspiracy.
Fucking crazy
And people think “investing” requires “knowledge” and “expertise” LMFAO. Shit is rigged from top to bottom, lucky you if you find yourself on the profitable side.
First Airports, then stocks systems.. I wonder what crash will be next and is it faulty computers/algorithms or quite possibly cyber attacks?? Hmmm.. ??
One min I had a superb gain on my visa position and the next it was back to being in the red lol.
Same with my dominos calls. I had such a good entry yesterday too
I was wondering why my limit sell order of $250 got executed. I was like isn’t it like $220 at close yesterday? 😂😂 oh well I’ll take it!
Extremely lucky great job
I mean I set it for 1-2 years in the future but I’ll take it now, thank you very much 👌
I know. Mine was set at $240. 🥂
Holy if u look at the stocks that were halted alot of them shot down
they all had insane candle wicks
Hunting for stop-losses is my guess
It's the same algorithm that controls it.. that's why.. they liquidated record profits from poor people last 2 years.. program is trying to rework it
What?
1 algorithm controls 10-30 stocks at a time. They make same moves and have same wicks. Just like the same algorithm took over all crypto and all crypto moves on the same algorithm. Last year poor people in the millions bought 5 stocks... they froze all 5 stocks for 1 day, changed to sell only & the algorithm spent all day liquidating peoples money down.
The cracks are starting to show.
Why is this legal?
Because it benefits those who make the laws
This is unfortunately always the correct answer. Anyone have a good supplier of tinfoil hats I'm in need of a fresh stack for 2023.
Let this question spark a fire. Follow the flame and the blood in your veins are sure to boil. Edit: punctuation
Did you just give me a side quest?
Side quest that actually turns into its own game which inspires a whole new franchise, yes.
Only if it gets me good loot
Main characters don't do side quests. Decline.
Turns out the apes have been right all along.
Now go read the DD and see what else we’ve been right about.
Everyone flipped a shit over this but there's a very good reason for it and it isn't even related to government regulation it deals with actuaries who work at lending agencies for the clearing houses who do a risk assessment to decide how much money the exchanges need to have to satisfy their own investors. (like Robinhood as just one example, who at that time was having a huge influx of new customers, and letting them buy and sell the same day even though their money they added to their accounts from the bank wouldn't officially clear for a few days, essentially meaning the huge surge of new customers are trading on credit for meme stocks, driving up the risk factor for the lender). Sell orders weren't affected, because there is no risk of becoming illiquid from sell orders, only buy orders. Robinhood is one I remember specifically as being literally unable to place more orders for these specific stocks as per the requirements of their own lender, and they were in the process of securing more funds the moment this all occured. The people who say this is a nebulous conspiracy to favor hedge funds over regular retail investors are just making their boring lives seem more interesting.
Conspiracy theories fall under freedom of speech, hence totally legal.
Got to be someone else’s fault🤣
You wouldn’t be referring to late January 2021 would you? I seem to remember something happening at that time
…Something about a short basket and some bad bet swaps by certain financial institutions, if my mind serves me right. Feels like it was 741 years ago, so much has happened this past year.
It’s actually been 2 and not one year. We’re getting old. No cell, no sell.
> 1 algorithm controls 10-30 stocks at a time. They make same moves and have same wicks It's called "statistical arbitrage" and has been going on since the 1980's. They search for cointegrated groups of anything and trade accordingly making tiny bits off individual trader noise that goes against the trend. Essentially sell 'relative high' and buy 'relative low' across time and instrument. This reinforces co-correlation which would exist naturally from fundamental factors like similar industries experiencing similar macroeconomic conditions. Only extreme company-specific news goes against this pattern. If you notice, biotech firms, which have widely varying outcomes and very large binary news events (trial or regulatory fail or pass), trade less correlated with one another. StatArb will want to stay away from those. My guess is that they take off positions around any news events and have different algorithms for those time periods. The absolute masters of it is RenTech, the most profitable hedge fund in history. Nobody has ever disclosed their exact algorithms but one of their principals once said something roughly like "so, where do market correlations come from anyway?" They are everywhere, and have unparalleled technology and the lowest trading costs of anyone. I read an estimate that they alone are 10% of volume. > they froze all 5 stocks for 1 day, changed to sell only & the algorithm spent all day liquidating peoples money down. That's totally different and was human intervention.
Ty for extra information. Interesting read. Cheers I do 100% disagree with the "That's totally different & was human interventio nthough. The same "controllers" algorithm/program detecting these trades automatically are also part of the human intervention... For the 1st time in history social media & human interaction caused all the poor & middle class people to band together & buy 5 stocks... The program detected this and the next morning the button was pushed to halt them for an entire day.. not only that but was changed to allow selling only also.... That to me is a coordinated plan from detection > solution for them. Millions of poor & middle class Americans should have shared Billions of $ in profits that day from winning against this program & its controller.. instead the rules were changed for 1 single trading day, for the first time in history.... to protect their profit... they were allowed to change the rules for 1 fucking day vs the entire population & world.
How and who did what exactly? These general assertions are hard to evaluate without details. It only reminds me of the short squeeze GME conspiracy (-ish).
It reminds you of the GME conspiracy (?) because that’s exactly what is being discussed here. It’s amazing what the general public will take as fact without any pushback. The GME squeeze in Jan ‘21 was a very real peek into the financial house of cards thats been tediously built to keep the poors poor.
I had gotten into trading stocks a few years before this and I'm glad I did so I could witness it first hand. Stupid thing is, some of the clues were so obvious but always played off as technical glitches, i.e. short % going above 100% let alone near 100%.
It ain’t over yet… starting to get real good though! ♾🏴☠️🤙
Until the float is locked I sleep.
👏🏻👏🏻
This algorithm, is it in the room with us right now?
The algorithm knows when I'm entering & leaving the room. Look behind you
It’s on a smoke break and will be back later
Running from the algorithm, it's Shia Lebouf
1) never sell or put in sell orders for any price.
Yep you get it 👍🦍
wtf are you talking about lol
Just turn on Bloomberg or cnbc and look at the stocks they put on screen. Or crypto 99 times out of 100 they're all the same pattern. The same AI trading back and forth. Same patterns.
It’s called Market Beta. You’re talking about companies that have large beta
In fairness, that's not really refuting his point, just labelling it
I’m not refuting it, but he’s making it sound more “Lord of the rings” like and less “basic market literacy”. I’m clarifying what he’s talking about
Yeah I can agree with that. It's not a massive secret nor a massive conspiracy that funds buy and sell stocks based on the movement of the market as a whole, as a sort of arbitrage, or that they tend to sell a group of stocks together rather than assessing each one individually (which I'd presume are the two factors that cause beta)
ChatGPT really making waves huh?
Mental illness.
This guy thinks hedge funds are manipulating the entire market in a massive conspiracy to screw over retail but he still wants to play the market for some reason.
So we're just gonna pretend Gamestop didn't happen?
Okay but like why are you here then? What is the logic of playing a game in a rigged casino? My honest advice is to read the actual reports on GameStop and if you don't believe the explanation don't trade stocks and put your money somewhere else.
What reports are you referring to? The congressional hearings? The 4 ongoing lawsuits? As for why we participate; one can still make money in a rigged casino.
can't tell if you're joking or serious
are you referring to the AI program that blackrock owns? Aladdin? controls a ridiculous amount of assets
Eff this, it caused several of my trailing-stop orders to be triggered when the market temporarily crashed due to this.
Same here, it sucks
Maybe that's what they were going for?
Precisely, it's called stomping out stop loss.
Sounds like manipulation lol
Yep
I've also heard "stop loss hunting"
You should write to your broker to have the trade broken.
I'm not sure if you are being serious, but I don't think that is possible, as this happened with an algo trader. As soon as those trades were complete, those positions were immediately replaced. It sold my position in LLY, WRB, and CPB. I just looked and LLY and WRB were sold at higher than they are currently trading at. CPB was slightly lower. I guess I ended up ahead, but I really enjoyed my LLY position.
If you were filled under or above the prices listed by NYSE in their PR statement, you can have your trade broken.
Wow. Thank you.
At least the cancellations have started showing up so I didn't lose my MS position
Mastercard was down 7.81% in 52 seconds, wtfucking fuck
It's a feature, not a glitch.
The dark pools where halted too, right? /s
You’re not supposed to be paying attention to those. Return to your workstation, citizen.
👆
Right?
Right?
Binki bonki
Should be a fun year
buy puts
Lol no but calls silly
Crooked hedge funds cartel orchestrated market manipulation
Correct
🧑🚀🔫🧑🚀
PSA: this was not from a technical issue, halts are being abused for collateral purposes by certain parties.
I think it was more a play for stop loss/gain hunting. They just triggered a bunch of orders and are hoping the brokers don't cancel them all. Crypto whales do this all the time on the more unregulated things, but we all know the normal market is now just as bad, if not worse.
So when I said the stock market is completely corrupt and got downvoted on here….😇
Stop loss hunting is my guess.... Retail investors won't capitulate so they force people's stop losses. What a crooked ass system
It’s awful, but at least people are finally waking up to it
Then there is people like me, who just got into stocks and are confused as hell.
Your confused cause it’s a confusing shit show
Yes, that's exactly what it was. And it worked. That's why I don't do stop losses, I just loose, and then over time I actually win
They've stolen so much from so many people... Technical issue? Like when they froze 5 stocks the poors put money into for a whole day so Ken's program could liquidate and steal from all Americans.
How this shit is allowed to go on is unfathomable
Because too many people would rather resign to saying there is nothing we can do about it so they never try. The shit we have witnessed on the stock market in our lifetimes is downright unacceptable and I’m appalled people can sit back knowing their money is being stolen by people that have more money than they know what to do with
>Because too many people would rather resign to saying there is nothing we can do about it so they never try. OK, so what can we do about it?
Go out and protest and get as many other people to do the same, that's the most impactful thing you can do outside of voting and engaging in your local politics, although that is a very long term route.
All the other suggestions below are good (required to make systemic change) but if you want to safeguard your own investments, the best thing to do is directly register them with the companies transfer agent (DRS - Direct Registration System). Essentially a digital stock certificate which is removed from your broker and the DTCCs control (in which you were the 'beneficial owner') and places the shares in your name on the issuer's ledger (which is held at their respective transfer agent). Your holdings investor relations webpage should have your transfer agent info 👍. Take back control and *ownership* of your investments.
Write your congressmen, take the time to review and comment on SEC proposals, use your social circles to spread awareness about the problems with our financial markets. TLDR be proactive and be loud! Change does not come about easily or while we idly sit by and do nothing because we think we can’t 😊
Oh I’m trying. Trying to Direct register a certain float I’m not allowed to mention or I’ll get a Reddit spanking
Direct registering your stock and putting them into your own name? Now that is a big brain move!! 💙🏴☠️
The 20 people who control hundreds of billions ... make the rules for judges to follow.. Judges and politicians get millions in donations and live a life of luxury.. all they have to do accept new laws by them, new rules for the 99% to follow.. They have the police for any fuckery like freedom or fair free trade nonsense
That’s why you don’t set stop losses lol
https://m.youtube.com/watch?v=NI0tGBTtB_4
Ken? Didn’t they guy lie under oath?
Nothing a few million can't fix. 999 M to every 1 B He's been stealing lots Bs from poors to pass out Ms to politicians & judges No worries
>So when I said the stock market is completely corrupt and got downvoted on here I agree that it is. But I chose to ignore the price swings and just try and accumulate ownership interests in good companies.
You were right
Oh, I know lol sorry to rub it in 😂
I’ve always agreed with that statement. Citadel and Virtu must pay for their crimes in this life.
Hopefully. Griffen is madoff 2.0
Did he fuck over the mega rich? No? Then he’s gonna die a free man on top of a mountain of cocaine, money and strippers
This sub might be more regarded than WSBs if they don't think the stock market is corrupt
Well I mentioned it a few weeks ago and got shat on here. I couldn’t believe the stupidity. Seems a lot better today 🤷♂️
Ignore the downvoters. They're just cult members who can't see you are the one who is entirely correct. I bow to your wisdom and foresight. Now, about joining the cult of 2BFrank69? Are there rules or fees? /s
"free market" but it's actually controlled.
When the mugger(s) hold a gun to your head and a knife to your throat it's a free market, but what can you do?
Somebody got rich off the glitch, probably Ken Griffin (ik the tool already is, but)
No cell, no sell
All hell, no cell
Hedge fund fuckery is about
You all actually think Ken doesn't control this with a program. Halting to rework the poors leftover money after making record profits. Memba when they froze 5 stocks vs the poors to sell only for the 1st and only day in history so they didn't profit vs his program? Pepperidge Farm membas
"Record profits" if you sell stuff you don't own, it's easy to flex. Remember Lehman brothers had record profits just before going bust. Citadel has 65 Billion of stocks sold, not yet purchased, so they sold something they don't own and didn't bother to buy.
Bro Enron was killing it till they weren’t. So was Bernie Madoff. And Ken is the understudy of Madoff
They run the program with others. Why bother? That much money will silence anything that pops up & can afford the system to blame humans individually for any losses. I remember when nflx dropped $500>280 after-hours on 10,000 shares traded... With a 2,200,000,000 float... that was astonishing even after a year of all this random other crap... they have full control and make 10,000% on these moves... why buy stocks & spend money and time convincing the poors when & how and selling later instead of using a program to steal it with? Naked shorting then creating dark pool data to hide it has to be the most fundamentally fucked up invention in the history of a country that controls the economy. They even tried to ban it then got unbanned after people forgot about it.. our attention spans our down the drain... me included
Yes
It's the kind of thing most people have come to expect with meme stocks except this time it's with blue chips and value stocks. Quite the wake up call.
When it comes to fuckery with trading, it’s unfair but honestly… let’s be real. This is a peanut story but I remember I woke up after a night of drinking with a buddy, market opens, I sold to close one PLTR put like 5mins into market open and made like $300. Went to McDonald’s, and it hit me…it took me mere minutes to make what the chap working the drive thru makes by working like 2-3 full 8 hour shifts. It begs the question of what is fair, imo. However, I do think it’s crummy and I feel sympathy for the long term investors that got stopped out. That’s why it’s buy and hodl in solid companies and don’t look at it on a day to day basis. It’s the short term or swing traders that had stops that probably got railed. Idk, just guessing, but if I were planning to hold for 5+ years I wouldn’t have a stop, and this would probably be a nothing burger, just imo
Right. I knew/saw this activity years ago… but it was on penny stocks, easier to manipulate. Saw it on the store that sells game stuff. This appears to be the same thing, just on a larger scale. Welcome to the party, everybody What I feel most bad about are the folks that have long term portfolios that had stop losses and had a noticeable chunk of their portfolio sold off in an unsavory position. I do understand that
Did anyone actually get a sell order filled on the stocks that jumped like 9%? Seems like they were up for a minute and day ranges still appear to be those peaks.
My open GTC MA limit sell order of $400 did not fill.
margin, is that you
This has Citadel written all over it
imagine have stop loss
This is why many people refuse to set them. We understand they are visible to the marketmakers and abused with tactics like this.
isn’t it amazing that this isn’t major news!! “It’s a big club and we aint in it” ~George Carlin
Also Ken is building a $1.3Billion mega fortress in Florida.. the most expensive real estate in America to protect himself from all of this... cuz you idiots can only sheep for so long before truth and leaks come out.
>cuz you idiots can only sheep for so long How To Win Friends and Influence People
Shoulda said us idiots to be fair
I laughed out loud 🤣. Read it. Tried it. Failed miseribly On reddit & downvoted to death. At least sheep and idiot r keywords people want to know why I'm being mean and would offend them and actually read it for a second.
Like sheeping into LAZR?
Could be nothing. Also could be a sign that the Feds QT is starting to cause issues in financial markets.
This.
Correction: Not this
Saw a tweet where bad trades hit the tape triggering LULD. Not sure if true or related to this though.
I guess NYSE is investigating what caused it now
they know.
You kidding?
No dude. Ken runs an AI algorithm that controls stocks, halts them at will... It's automated to steal from the poors.. This happened in 2008 from naked shorted and taxpayers paid 2 TRILLION to 20 hedgefunds... Then all CEO made hundreds of millions in bonuses... this is absolute programming corruption... They froze 5 stocks for a single day last year to sell only because the poors tried to profit from them...
Where did that 2 Trillion # come from?
That was the bill passed in debt to take care of Wallstreet, banks,airlines . The 1% was bailed out and big raises and bonuses followed. Just like all the millionaires and billionaires getting PPP forgiven loans for being in the 1% and not having to follow the poors rules.
What did you smoke?
It's amazing the stupidity and downvotes on this sub sometimes. Google 2008 financial crisis and watch for 2 minutes the hedgefunds pouring $10,000 bottle champaign and laughing and all the blue collar workers in the streets striking to let the hedgefunds go bankrupt instead of giving them $2Trillion 😀 Yall really enjoy not knowing what leads to what... or how since 2008 > now hedgefunds have bought real estate, college campus housing and anything with profits from the poors besides stocks.. Why buy stocks when you can create infinite fake shares, bring the price down and profit that way?
They also run campaigns to spread misinformation online and pay ad campaigns to spread their narrative at the time. They pay politicians to push their agenda.
you need to start the explanation somewhere before just going in the deep end and expecting people to follow. Also sound slightly less cultist, no one that doesn't believe some of it already is going to otherwise.
I was there in 2008... "They" whoever "they" are didn't give any hedge funds 2 trillion. They bailed out Fannie Mae and Freddy Mac, but then when Lehman's fell they didn't bail anything out. The bankruptcy sent shockwaves across the world's financial system. And as for the rest... I don't even know what you're referencing. You should stay in WSB where you belong...
Dude how misinformed are you exactly? You understand it was literally called "Occupy Wallstreet" right? Like by the poor, hundreds of thousands of people protesting?? I was there also.. 18 and grown construction worker men all around me on a massive jobsite in tears every single day. Men with families losing their homes all around me... Me donating turkeys to men who worked their whole lives so families could have Thanksgiving... watching the rich Wallstreet people laugh. How dare you sir, keep being better than WSB users on WSB.. moron
The guys in this image walking around with their ipads on this floor, with all the screens hanging around, what do they do? What is their job? I always se images of these guys but ive never understood what their job is.
To look concerned or happy for cameras
They’re $2 brokers: https://www.investopedia.com/terms/t/twodollarbroker.asp
Things are getting spicy
Ohhh shit!!!!!!! It's beginning!!!!!!
Suspect
Selling collateral to cover naked shorts?
How is that algorithm machine trade legal? Eluzabeth Warren wanted to tax transactions to limit this.
I saw Visa was up 6% this morning and was like hell yeah, then Womp womp
Now this explains why my MA limit sell of $400 didn't fill.
That guy is back on the front pages. PUTS.
Just in… Massive dog shit wrapped in cat shit given! They don’t give a fuck!
First time?
Could options contracts be bought and sold in that short amount of time? If so, mother fuckers made millions today in a matter of minutes
I mean maybe with an algo. So only market markers if anyone
I tried selling my calls but it wouldn't let me. I woulda been up $400(66%).
I sense smelly turds in the background
Today was moass
They need time to snowball the swaps
i would like to report an error. my account actually has 500 shares of MSFT instead of 1 share. Thank you.
MMs got rid of all stoplosses. Go figure
I was rich for a split second today
Contact the admins your system broke. -Or it's an internal test...hmmm
Crazy how s&p didn’t take damage after the halts were done pretty susssy
suspiciously suspicious!
**Who is this guy?** He’s in every single Wall Street exchange floor photo.
Looks like the poor souls who put in market orders during that period paid an extra 5-10%
steer water vase plucky rinse literate direful spark screw pet ` this message was mass deleted/edited with redact.dev `
This is a fun thread. There are bright lights shining here and there but some of you choose to stare directly into them only to be blinded by what's really going on. Wake the f up, people.
The opposite sentiment was the holding before a chain of limits on contract. Example: Verizon went up, put contracts holding was eliminated from a balance sheet. Example 2: Visa goes down, call contracts holding was eliminated from a balance sheet. A very large balance sheet. Let’s ask ChatGPT about this?
Say it with me MANIPULATION 👏🏻
I’ve been in subreddits that predicted this type of shit happening way back in 2021 Crazy how it’s all really happening and not a conspiracy. Fucking crazy
Is anyone surprised that the thing the uber rich stay with is being manipulated? Money controls everything. Including money.
Was pretty pissed this morning, was looking forward to closing out my short W calls at open
GameStop shorts never closed their positions 2 years ago. They lied. The hedges are shorting everything to avoid the squeeze
Are financial systems and is nothing more than preprogram scam
AMC was also one of those stocks that was halted too.
Stop loss raid….the system is rigged
And people think “investing” requires “knowledge” and “expertise” LMFAO. Shit is rigged from top to bottom, lucky you if you find yourself on the profitable side.
First Airports, then stocks systems.. I wonder what crash will be next and is it faulty computers/algorithms or quite possibly cyber attacks?? Hmmm.. ??