It took me 10 minutes of smashing the buy button on E-Trade to pick up 30 shares this morning .... the halts are killing the buying pressure.
The stock is about to soar and they want you beat up from trying to purchase so they can tank it.
Be vigilant pedes .... smash the buy button
#Austrailia -- Thanks for giving up your guns and showing the #UnitedStates what happens next.
#Austrailia has turned into a #Draconian #Police state. Here are some of the highlights of the insane things happening across the pond ...
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There are #Quarantine camps being built https://www.nytimes.com/2021/08/20/world/australia/howard-springs-quarantine.html
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They deployed the #Army topatrol the streets and lock people inside of their homes https://www.voanews.com/covid-19-pandemic/australian-military-joins-covid-19-lockdown-enforcement-sydney
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Unarmed civilians shot with rubber bullets for protesting the #Government while #Children were tear gassed by #Police for being present at the #Protest https://www.voanews.com/covid-19-pandemic/australian-military-joins-covid-19-lockdown-enforcement-sydney
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#Citizens to be forced to download an app with #FacialRecognition and #LocationTracking and #Police will require the user to send photos of themselves randomly to prove their whereabouts and, if you don't reply in 15 minutes, #Police will be dispatched to find and #Arrest you https://www.foxnews.com/world/australia-debuts-new-orwellian-app-using-facial-recognition-geolocation-to-enforce-quarantine
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#Police are allowed to DELETE and modify files on your device and take over social media accounts WITHOUT a #Warrant https://www.theorganicprepper.com/australian-change-social-media-posts/
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Mothers fined $1,000 for talking with each other #Outdoors https://www.news.com.au/technology/online/social/young-prampunishing-mothers-slapped-with-1000-fines-for-talking-in-bronte-park-during-sydney-lockdown/news-story/a467e5e9e434d841123575f3e4992462
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#Police patrolling #Playgrounds https://www.odt.co.nz/news/australia/victorian-police-against-playground-ban
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#Police helicopters blaring messages warning people not to excercie and remain indoors https://www.breitbart.com/europe/2021/08/01/watch-police-helicopter-orders-people-off-beaches-hovers-over-backyards-enforcing-australian-lockdown/
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#Citizens required to scan a QR code to enter a #Playground https://dailyexpose.co.uk/2021/09/01/australia-qr-codes-now-required-to-enter-a-playground-despite-just-5-covid-19-deaths-in-12-months/
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A man was arrested, sentenced and jailed for 8 months (in 24 hours) for organizing a #Protest against the #Government https://www.theguardian.com/australia-news/2021/aug/20/sydney-anti-lockdown-protest-organiser-sentenced-to-eight-months-jail
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#Police have #EmergencyPowers to (1) break into any land, building or vehicle with ANY force necessary (2) order people undergo medical exams, test or treatments (3) prohibit people's movement (4) put people in quarantine (5) FORCE people to give information https://www.jstor.org/stable/20634827
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Impending roll out of full blown #SocialCreditSystem to crack down on "bad behaviour online" https://www.aspi.org.au/report/social-credit
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They can't even leave #Austailia if they don't like it https://news.sky.com/story/covid-19-strict-new-travel-laws-in-australia-mean-people-will-need-permission-to-leave-the-country-12378139
The sheer scale of this is horrific.
Their #Court, their #Police, their #Media and every other part of the system that was supposed to protect them has agreed, organized and executed a true, self-indulging, #PowerGrab on their own citizens.
The did all of this under the guise of a #Pandemic and #PublicSafety.
How long before the #UnitedStates follows suit?
Robinhood created to launder Phantom Shares? (Paper Trading Hybrid)
I had some dots floating around in my head, so I thought I'd see if any of them connect.
Something that I've always wondered is if it's possible for RH to be a self contained in-house system that plays /off/ of the stock market but not /with/ the stock market. It would essentially be a paper trading account except with using real money: all of your purchases would only be against the change in a stock's price action but wouldn't influence it nor contribute to actual volume. This is how Cryptos work on Robinhood, so maybe stocks work in a similar fashion and all their clients are only playing with phantom shares.
Theory: Robinhood is used/created to launder Phantom Shares
Dots:
Robinhood is funded / closely tied to Citadel
Troubles with proxy voting for the upcoming $AMC/$GME shareholder's meetings on RH. (fake shares = no vote) a.) People don't get notified for it b.) People don't have the option when manually searching c.) If someone does receive the proxy vote it's only for a portion of the shares they own.
A lot of people seem to have issues transferring out of RH. Multiple times I've seen people state that their transfer was rejected by RH without a given reason nor even a notice of the rejection.
WHY?!?!?
Because they don't have the real shares to give to the new brokerage ...
Naked shorting happens and from what we've been able to see: it happens a LOT. These phantom shares need to exist regardless and I'd imagine those who create them are always looking for ways to mitigate their risks*:*
This would give less exposure to naked shorting since they have a contained platform to store their phantom shares on, so less risk of consequences such as being margin called, fined, or even having the price rise since they'd essentially be able to control the buying/selling pressure from RH users. Robinhood's target audience seems to be newer investors or at least investors that are more casual and less likely to request a share recall or notice/care about a proxy vote, so that is another form of less exposure.
Extra dots:
This would also explain
Robinhood's incentive to pioneer the movement of no transaction fees. Waiving a fee would not only bring traffic, but it also makes people less prone to asking question and more prone to accepting answers.
The reason Robinhood allows for margin so easily. If you have a margin account then that is a perfect excuse to disallow proxy statements. It also makes it a lot more likely for people to stay on the platform since other brokerages often have much higher requirements.
Why Citadel pays for Robinhood's order flow (?) Less of a backing, but who knows.
The actual reason Robin Hood halted trading in January If you remember back in January, Vlad for some reason could not answer why they had to halt trading and specifically said it was NOT a liquidity issue. My theory is that Robin Hood houses all of Citadel's Phantom Shares and when users buy/sell they either place money against the price action of a stock held by RH, or maybe RH connects users to one another so that it's buying/selling Phantom Shares with one another. Maybe in January the volume was so high that Robin Hood was /running out/ of Phantom Shares to provide for their clients and didn't want to buy real shares and/or they wanted to contain them within RH and not release/sell them into the free market. Also with that kind of volume they would need to report the trades, so if they weren't wanting to trade on a large exchange then halting trading would be an excuse to have lower reported numbers without questions.
This would also explain the reasoning they slowly began allowing specific quantities of shares to be purchased even though the valuations didn't seem to be a factor. (Allowing people the ability to purchase x100 of a $30 "memestock" but only x10 of a $10 one,)
Maybe this is the same reason they've been halting D.O.G.E.COIN during rallies. (Not fake coins or anything, but maybe they're just under-supplied?) 5. NEW (I wrote this as a draft a few weeks ago but this is a new developement)
Someone (HFs?) seems to be hiring bots to spam YouTubers and whatnot to "SWITCH TO ROBINHOOD"
Why? It must somehow benefit them heavily for people to do so. Yes they can halt trading in the event of a squeeze, but I'm not sure if they're extremely concerned about people /buying/ during the run-up seeing as they're trying to get people who ALREADY HAVE SHARES to switch to RH and bring their shares with them. If they transfer their shares back then as far as I'm aware they wouldn't need to cover them since it would once again be under their control.
Combine the above with the new NSCC rule changes discussed here: https://patriots.win/p/12iNe9g0DB/the-uberrich-are-about-to-get-an/ and it sure seems like some heads are going to roll ....
DD
Today, the U.S. House Committee on Financial Services updated their announcement for this Thursday's (May 6) hearing on all the fuckery that's been going on lately. As you may know, this time witnesses testifying will be newly-appointed SEC Chairman Gary Gensler and the heads of the DTCC and FINRA and I'm looking forward to a grilling from Chairwoman Rep. Maxine Waters and AOC, among others.
Hearing announcement:
https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748
What's interesting is that the committee uploaded a few draft bills that will be the subject of the hearing. The one that caught my eye is the following which will hold market makers like Citadel and Virtu (the two largest market makers shorting AMC right now) to account, and imposes REAL penalties for a change if passed.
Draft bill:
https://financialservices.house.gov/uploadedfiles/5.06.2021_bills-117pih-tradeahead.pdf
Members of the self-regulating agency, FINRA, which already regulates broker-dealers, already have a rule that applies to them, but not to market makers like Citadel, Virtu and other big shorting hedge funds, so this bill, if passed, or at least the threat of it being out there, is HUGE.
See FINRA rule here: https://www.finra.org/rules-guidance/rulebooks/finra-rules/5320
Also see this great article naming Citadel and Virtu (among others who most likely short AMC) for their high frequency trading market maker activities: https://medium.com/automation-generation/15-well-known-high-frequency-trading-firms-f45292c56d05
I know apes get discouraged sometimes, but this is huge. As I've noted in other posts, I'm a lawyer who works in government relations for a living and even though you won't read about this anywhere amongst all the crap FUD articles we always see, this draft bill is a HUGE shot across the bow to players like Citadel, Virtu and even Robbinghood. It's not about whether it will be passed right away but that it was made part of the May 6 hearing and is a threat to bad actors. And it may just pass too!
Hope you catch the hearing since it will livestream at the above link or you can watch it later.
For me, ?DIAMOND HANDS FOREVER (but me thinks it won't take that long)!?
Unless you‘re a lying, cheating, democrat. Then there is nothing to be happy about as Arizona is about to blow the lid off of election fraud and, if they don’t, #JoeBiden will have you all eating bugs, with a mask, alone, at a government food bank by years end.
#FuckCommunism #FuckSocialism #DontTreadOnMeat