WallStreetBets Takes GameStop to the Moon and Wall Street Managers Are Pulling Out All the Tricks
Reddit has run Wall Street into the biggest disruption in over a decade.
The r/wallstreetbets subreddit decided to "Short Squeeze" out the Marin Hedge Fund at the cost of a $12 Billion Hedge Fund that is likely to go bankrupt in the next few days.
Without any obvious rhyme or reason to their actions, this one board has taken $GME from under $4 to well over $300/share since January 20th.
This is amazing and the best way to prove that Wall Street is not the only game in town. This is not a political attack, this is not coming from any coordinated attack, this is straight from people who seen how the firms and managers have played the game for decades and decided to use their tactics against them. It has gotten major investors attention like Chamath Palihapitiya and the World's Richest Man Elon Musk on board.
Now TD Ameritrade, Charles Schwab and Vanguard are playing dirty tricks to slow the trade of GameStop stock (along with BlackBerry, Nokia and AMC Theatres), exposing their Cartel tactics and preferential treatment.
It even has the attention of the inept Federal Governments attention, well sort of. Jen Psaki gave some sort of acknowledgement that involved pointing at the head of the treasuries gender as notice. It was weird.
Sources:
The Epoch Times: https://www.theepochtimes.com/white-house-is-monitoring-gamestop-market-short-squeeze_3674484.html
Rebel News: https://www.rebelnews.com/gamestop_stock_soars_as_reddit_investing_community_trolls_wall_street
Business Insider: https://www.businessinsider.com/vanguard-td-schwab-down-trading-platforms-2021-1
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