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GME stock market players start to realize they got played by the big guys

 
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02/05/2021 04:52 PM
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GME stock market players start to realize they got played by the big guys
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.

Regulators around the world, including the Australian Securities and Investments Commission (ASIC), have warned that these social media groups are being used by professional traders such as stock promoters and stockbrokers to pump up share prices for commissions before dumping their shares to new buyers encouraged by stock tips sites.

Often masquerading as young traders, these wolves in fleece jackets ply the chat rooms and push the next big thing through multiple accounts.

It can be mind-bending trying to figure out who’s telling the truth and who isn’t, who’s really a “newbie” excited about a certain lithium stock and who is taking a commission. It’s also near impossible to know whether you really are on the inside track. Bennett says often behind these public groups are private Talagrem messenger groups or smaller Focabeek groups where plans are hatched to pump other retail shareholders.

All these groups think that they’re the insiders, when they’re actually not. They’re the ones being played at this insane game. It’s like a meta pump and dump. Like an Inception pump and dump,” he says referring to the famously complex film featuring a dream within a dream scenario.

“I would suspect a lot of insider trading is going on as well,” he says.

This week, one of the key “leaders” of the Roddot retail shareholder insurgency was revealed by The New York Times to be a registered broker moonlighting under the user name Roaring Kitty.

[link to www.smh.com.au (secure)]
Anonymous Coward
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02/05/2021 04:59 PM
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Re: GME stock market players start to realize they got played by the big guys
read this Aussie

Thread: Citadel received $200 million from taxpayers money in 2008 bailout, Bernanke, who granted the bailout, now works for Citadel
Anonymous Coward (OP)
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02/05/2021 07:45 PM
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Re: GME stock market players start to realize they got played by the big guys
Roaring Kitty is a registered stock broker. complete scam call the cops

siren2whitevanagent
HaileMenelik

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02/05/2021 07:48 PM
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Re: GME stock market players start to realize they got played by the big guys
Just like the Qtards and Anymous groups online... all scams!!! CIA Shit
Anonymous Coward
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02/05/2021 07:51 PM
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Re: GME stock market players start to realize they got played by the big guys
Just like the Qtards and Anymous groups online... all scams!!! CIA Shit
 Quoting: HaileMenelik


there are still alot of [email protected] just gone off radar
but the reddit basement dwellers have been wiped out
Anonymous Coward (OP)
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02/05/2021 08:32 PM
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Re: GME stock market players start to realize they got played by the big guys
The Boston-area trader at the center of the past week’s frenzy over GameStop Corp., who also worked until last week as a broker, may face legal jeopardy for potential violations of federal rules governing brokers’ communications with the public, according to securities lawyers.

Keith Gill, who goes by the moniker “Roaring Kitty” on YouTube and other names on websites such as Reddit’s WallStreetBets, has become one face of the GameStop mania because he was an early booster of the stock and forecast its rise. His commentary could also create a legal problem for the Massachusetts Mutual Life Insurance Co., which employed him and had a duty to supervise him.

THIS HEDGE FUND MADE $700M ON GAMESTOP

Mr. Gill worked as a “financial-wellness education director” but was a registered broker, according to BrokerCheck, a website of the Financial Industry Regulatory Authority, or Finra. He didn’t advise specific clients on investments or insurance, but he wasn’t exempt from regulations that tightly regulate brokers’ conduct, securities lawyers said.

Mr. Gill has posted dozens of videos or livestreams over the past six months, most of them related to his view that GameStop shares were undervalued and would rise as others took notice. Some videos examined the company’s past performance and forecast aspects of its future outlook.

Brokerage firms are required to closely supervise their brokers’ communications on social media if those posts have anything to do with their work. Any misleading statements could hurt customers and create liability for the brokerage firm.

Talking or writing under a pseudonym doesn’t absolve a broker of regulatory obligations, said Susan Light, a partner at Katten Muchin Rosenman LLP.

“An average Joe can go on a website and say, ‘I like XYZ stock.’ A broker can’t do that,” said Ms. Light, a former chief counsel for enforcement at Finra.

A state securities regulator has already asked MassMutual about Mr. Gill’s activities on YouTube and Reddit, according to a letter to the firm from the Massachusetts Secretary of the Commonwealth. The Massachusetts office last week told the firm to explain why Mr. Gill’s social-media presence wasn’t reported as an outside business activity, according to the letter, a copy of which was viewed by The Wall Street Journal. It also asked MassMutual whether it monitors its employees’ social-media use. The New York Times earlier reported that inquiry.

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Anonymous Coward
User ID: 79665640
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02/05/2021 08:39 PM
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Re: GME stock market players start to realize they got played by the big guys
silver is 27 a oz. my intial investment has multiplied
Nothing like a 1000oz of silver,Real money
refraktor

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02/05/2021 08:41 PM
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Re: GME stock market players start to realize they got played by the big guys
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.

Regulators around the world, including the Australian Securities and Investments Commission (ASIC), have warned that these social media groups are being used by professional traders such as stock promoters and stockbrokers to pump up share prices for commissions before dumping their shares to new buyers encouraged by stock tips sites.

Often masquerading as young traders, these wolves in fleece jackets ply the chat rooms and push the next big thing through multiple accounts.

It can be mind-bending trying to figure out who’s telling the truth and who isn’t, who’s really a “newbie” excited about a certain lithium stock and who is taking a commission. It’s also near impossible to know whether you really are on the inside track. Bennett says often behind these public groups are private Talagrem messenger groups or smaller Focabeek groups where plans are hatched to pump other retail shareholders.

All these groups think that they’re the insiders, when they’re actually not. They’re the ones being played at this insane game. It’s like a meta pump and dump. Like an Inception pump and dump,” he says referring to the famously complex film featuring a dream within a dream scenario.

“I would suspect a lot of insider trading is going on as well,” he says.

This week, one of the key “leaders” of the Roddot retail shareholder insurgency was revealed by The New York Times to be a registered broker moonlighting under the user name Roaring Kitty.

[link to www.smh.com.au (secure)]
 Quoting: $$$ 14481951


About time....How are those diamond hands feeling now? You got fleeced bois....
refraktor
Old Trader
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02/05/2021 08:48 PM
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Re: GME stock market players start to realize they got played by the big guys
Da ... ya think?

I am old enough to have been around during the hey-days of the Vancouver Penny Stocks. Pumps and Dumps ... scams as old as the markets.

Once you have watched a number of Pump and Dump schemes in action they are all about the same, and you can "smell" them at a glace without even having to do any Due Diligence.

As an outsider who is totally unconnected with those doing the "Pumps and Dumps" you can tag along and make some good coin as long as you don't get too greedy and stay under the promoter's radar. Don't try to get out in the final rise to the top - that is when those doing the pumping are getting out, but get out a bit early and be happy to have made a good amount of coin without having taken on much risk.

Once the promoter is out the stock is GUARANTEED to collapse, though sometimes they have built up the excitement among the "marks" so much that it continues higher for a bit as the final buyers crowd in. DO NOT BE A FINAL BUYER!! Don't subscribe to THE DREAM.


As the old saying goes:

In the beginning the Promoter owns the Dream and the potential investors have the money.

In the end the Promoter has the money and the potential investors own the Dream.
Anonymous Coward
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02/05/2021 08:57 PM
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Re: GME stock market players start to realize they got played by the big guys
Look at you guys cheering on the stawk regulators LMFAO what a joke...they are the praetorian guard for the large institutions they only go after little people......filled with stupid lawyers dreaming of working for the bank as lawyers.....gravy train for life....why go after JP morgan silver manip or goldman Sachs BS dark pools....lol no lets go after some ham n egger for breaking some procedural rules and then throw the book at em lol...


Just like 2008.....hey instead of going bankrupt lets get bailout by the taxpayers and call it TARP to cover it up......and we will throw the mob a bone by giving them Madoff who we all knew about for decades.....his only sin is he never had a seat on The FED.......

regulators will be burned in the next crisis...
Anonymous Coward (OP)
User ID: 14481951
Australia
02/05/2021 09:09 PM
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Re: GME stock market players start to realize they got played by the big guys
Look at you guys cheering on the stawk regulators LMFAO what a joke...they are the praetorian guard for the large institutions they only go after little people......filled with stupid lawyers dreaming of working for the bank as lawyers.....gravy train for life....why go after JP morgan silver manip or goldman Sachs BS dark pools....lol no lets go after some ham n egger for breaking some procedural rules and then throw the book at em lol...


Just like 2008.....hey instead of going bankrupt lets get bailout by the taxpayers and call it TARP to cover it up......and we will throw the mob a bone by giving them Madoff who we all knew about for decades.....his only sin is he never had a seat on The FED.......

regulators will be burned in the next crisis...
 Quoting: Anonymous Coward 78104310


bert-facepalm its just one bad apple roaring kitty should get forty or fifty hours of community service problem solved industry cleaned up

5a5a5a
Anonymous Coward
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02/05/2021 09:21 PM
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Re: GME stock market players start to realize they got played by the big guys
We all knew to short at $400... what you’re seeing now is cover so the backlash isn’t extreme.. lots of common folk prob lost money, but anyone with a financial advisor is safe... we all knew to short at $400
Anonymous Coward (OP)
User ID: 14481951
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02/05/2021 09:39 PM
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Re: GME stock market players start to realize they got played by the big guys
We all knew to short at $400... what you’re seeing now is cover so the backlash isn’t extreme.. lots of common folk prob lost money, but anyone with a financial advisor is safe... we all knew to short at $400
 Quoting: Anonymous Coward 78042016


obviously not everybody knew to short at 400 because some people were still buying above that price. this is a complete scam and stock brokers, hedge funds, wall street fatcats, ect ect ect, made out like bandits.
Anonymous Coward
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02/05/2021 10:47 PM
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Re: GME stock market players start to realize they got played by the big guys
Just like the Qtards and Anymous groups online... all scams!!! CIA Shit
 Quoting: HaileMenelik


there are still alot of [email protected] just gone off radar
but the reddit basement dwellers have been wiped out
 Quoting: Anonymous Coward 79975025


Mom's gonna be pissed.

ButtHurt-pill
CovidSafe

User ID: 4812794
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02/05/2021 11:07 PM

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Re: GME stock market players start to realize they got played by the big guys
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.

 Quoting: $$$ 14481951


ABOUT fucking time. Too bad so many HERE haven't figured that out yet.


.
Anonymous Coward
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02/05/2021 11:19 PM
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Re: GME stock market players start to realize they got played by the big guys
GREAT POST
Anonymous Coward
User ID: 79975025
Australia
02/06/2021 01:34 AM
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Re: GME stock market players start to realize they got played by the big guys
since when has the little guy with a few pennies managed to up-end the boat??
Anonymous Coward
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Italy
02/06/2021 01:50 AM
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Re: GME stock market players start to realize they got played by the big guys
Morons
You got played by both sides.
Longs by the WSB group on the way up, shorts on the way down, get over it.
Anonymous Coward
User ID: 76690070
United States
02/06/2021 01:52 AM
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Re: GME stock market players start to realize they got played by the big guys
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.

 Quoting: $$$ 14481951


ABOUT fucking time. Too bad so many HERE haven't figured that out yet.


.
 Quoting: CovidSafe


I watched as they held GME stock that tanked $400.
Makes no sense but hey I made $5000.00 so keep it up boys.

1st Stock tip for all wanna be traders:
If someone tells you to buy and you don't do your own DD (Due Diligence) then you get left holding the bag and it's empty.

2nd tip: You're probably a dumbass too.

No need to Thank Me for the tips...
Anonymous Coward (OP)
User ID: 14481951
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02/06/2021 01:56 AM
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Re: GME stock market players start to realize they got played by the big guys
hey at least that youtube guy made $20 million out of the deal!!

bert-facepalm

The YouTuber known as Roaring Kitty, who became the face of the GameStop stock frenzy, will likely be called to testify at House hearings on market volatility, according to Financial Services Committee Chair Maxine Waters, as state regulators in Massachusetts probe his sideline promoting stocks online.

Keith Gill, 34, placed a huge bet on GameStop shares more than a year ago and shared his ideas about the stock online in the months leading up to the 'meme stock' bubble.

Gill has already cashed out more than $13 million on his trades and was sitting on another $7.6 million in gains as of Wednesday, according to a screenshot of his brokerage account he posted on Reddit. At the height of the frenzy last week, his account was worth nearly $48 million.

[link to www.dailymail.co.uk (secure)]
Anonymous Coward
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02/06/2021 01:58 AM
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Re: GME stock market players start to realize they got played by the big guys
He’s also aware that not everyone in the Riddet army is on the same side, or is who they appear to be online.

 Quoting: $$$ 14481951


ABOUT fucking time. Too bad so many HERE haven't figured that out yet.


.
 Quoting: CovidSafe


I watched as they held GME stock that tanked $400.
Makes no sense but hey I made $5000.00 so keep it up boys.

1st Stock tip for all wanna be traders:
If someone tells you to buy and you don't do your own DD (Due Diligence) then you get left holding the bag and it's empty.

2nd tip: You're probably a dumbass too.

No need to Thank Me for the tips...
 Quoting: Anonymous Coward 76690070



3rd tip Look into Dogecoin and maybe you can recoup some losses.
Anonymous Coward (OP)
User ID: 14481951
Australia
02/06/2021 03:02 AM
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Re: GME stock market players start to realize they got played by the big guys
have the hedge funds been chastised enough? what is the plan, have them make such huge profits they can't afford to pay all the tax then get them for tax evasion??

bert-facepalm


This hedge fund made $700M on GameStop

Richard Mashaal and Brian Gonick started buying GameStop Corp. shares in September.

They aren't Reddit day traders or Discord users. They are hedge-fund managers in New York. And when the stock surged from less than $10 a share to above $400 and the dust had settled, they were sitting on a profit of nearly $700 million, one of the great fortunes of the January market mania.

The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals -- and few have made more money than Senvest Management LLC, Messrs. Mashaal's and Gonick's firm.

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Anonymous Coward
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02/06/2021 03:02 AM
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Re: GME stock market players start to realize they got played by the big guys
hey at least that youtube guy made $20 million out of the deal!!

bert-facepalm

The YouTuber known as Roaring Kitty, who became the face of the GameStop stock frenzy, will likely be called to testify at House hearings on market volatility, according to Financial Services Committee Chair Maxine Waters, as state regulators in Massachusetts probe his sideline promoting stocks online.

Keith Gill, 34, placed a huge bet on GameStop shares more than a year ago and shared his ideas about the stock online in the months leading up to the 'meme stock' bubble.

Gill has already cashed out more than $13 million on his trades and was sitting on another $7.6 million in gains as of Wednesday, according to a screenshot of his brokerage account he posted on Reddit. At the height of the frenzy last week, his account was worth nearly $48 million.

[link to www.dailymail.co.uk (secure)]
 Quoting: Anonymous Coward 14481951



So they need to hang Cramer by the balls for stock incitement -affecting hundreds of stocks !!
Anonymous Coward
User ID: 75421609
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02/06/2021 03:21 AM
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Re: GME stock market players start to realize they got played by the big guys
Pump and dump scams have been around forever. I couldn't understand why everyone was making such a big deal about this one just because it started on reddit.
Anonymous Coward (OP)
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02/06/2021 04:55 AM
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Re: GME stock market players start to realize they got played by the big guys
IF HE’S STILL IN, I’M STILL IN,” was the constant refrain from followers of Roaring Kitty, the YouTube personality whose enthusiasm about buying stock in video-game retailer GameStop made him an icon in the social media frenzy that shocked Wall Street last week.

“I was a little late to the game,” said Will Binette, 21, of Albuquerque, New Mexico, who bought one share of GameStop last week when it was $380. “I don’t really care that I’m losing that much money. It’s about sending a message and redistributing the wealth.

I don’t believe the movement will be jeopardized even if Roaring Kitty sells, which I know he won’t,” said Jenn Kruza, who first stumbled into Gill’s orbit when she joined one of his livestream chats on YouTube in September.''

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BRIEF

User ID: 79662918
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02/06/2021 05:20 AM

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Re: GME stock market players start to realize they got played by the big guys
I realize playing by the rules seems boring, but if you play by the rules that I have established, from reading more than anything else, you will become a successful LONG TERM investor...If you like gambling, then I suggest a casino...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
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02/06/2021 05:22 AM
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Re: GME stock market players start to realize they got played by the big guys
well, their only hope is to invest in armed drones and carpet bombing the big guys.
M R E

User ID: 71630411
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02/06/2021 05:37 AM

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Re: GME stock market players start to realize they got played by the big guys
Pump and dump scams have been around forever. I couldn't understand why everyone was making such a big deal about this one just because it started on reddit.
 Quoting: Anonymous Coward 75421609


Yup, Faux and CNB* pump stocks 5 days a week and not a word from regulators about manipulation jerkit
would rather have it & not need it then need it & not have it
Anonymous Coward (OP)
User ID: 14481951
Australia
02/06/2021 06:37 AM
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Re: GME stock market players start to realize they got played by the big guys
well, their only hope is to invest in armed drones and carpet bombing the big guys.
 Quoting: Anonymous Coward 76554726


they probly made that illegal
Anonymous Coward
User ID: 77836929
United States
02/06/2021 07:03 AM
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Re: GME stock market players start to realize they got played by the big guys
Losing a shit-ton of money:

NOW THAT is a real life PARTICIPATION TROPHY.

LOLz!

Throughout their entire worthless lives, whenever millennials have lost they’ve been patted on the back and handed a “participation trophy.”

They were told, “It’s OK, (_______________ fill in the blank with name of THE FUCKING LOSER), you’re really a winner and here is your trophy to prove it."

Now, they’re finding out what being a loser in real life is and I’m happy for them.

FUCK OFF, LOSERS!
Anonymous Coward
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United States
02/06/2021 07:05 AM
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Re: GME stock market players start to realize they got played by the big guys
Pump and dump scams have been around forever. I couldn't understand why everyone was making such a big deal about this one just because it started on reddit.
 Quoting: Anonymous Coward 75421609


Yup, Faux and CNB* pump stocks 5 days a week and not a word from regulators about manipulation jerkit
 Quoting: M R E


Kinda like a presidential election that was STOLEN and not a word about it.

There is nothing even remotely related TO THE TRUTH in the media...

NOTHING.





GLP