Do you guys think Robinhood will be banned and trading restrictions will get tighter from now on? It seems that retail investors are manipulating the markets just like wall street hedge funds.
Here's a quick rundown of what happened this Friday. Someone read through trading reports. They found out that Melvin Capital an investment firm was shorting the Gamestop stock and would close their position this Friday. Word spread around in multiple online trading forums the main one been reddit. The forum users decided to buy Game Stop stocks to prevent the Capitol Firm from collecting on their closing position. The stock goes from around $50 to over $150 in one day. The hedge fund lose their position and goes belly up.
Here's a quick rundown of what happened this Friday. Someone read through trading reports. They found out that Melvin Capital an investment firm was shorting the Gamestop stock and would close their position this Friday. Word spread around in multiple online trading forums the main one been reddit. The forum users decided to buy Game Stop stocks to prevent the Capitol Firm from collecting on their closing position. The stock goes from around $50 to over $150 in one day. The hedge fund lose their position and goes belly up.
This short seller just got a $2.75 billion bailout
Hedge fund giants Steve Cohen and Ken Griffin are joining forces to bail out a fellow trader whose positions in runaway stocks like GameStop have been getting hammered. Griffin’s Citadel and …
nypost.com
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