Dude you dont have to defend yourself, instead you should push and make them defend theirself. You can be wrong, as an individual you can tell a lie. But these guys should not. You really dont have to clerify youself whenever you want to talk about anything outside your profession.
I have a responsibility to the people who trust me to give a reasonable take on things to give good information. Or, if I get it wrong, to explain what led me there at the very least. You all clicked and chose to watch me, the least I can do is make sure what I upload isn't dogshit and decently cited. I failed you all in some ways by not having all of the information: and I will probably fail you all in the future, as well. But, when I do, I'll let you know how I failed and apologize for it.
I believe the last thing Louis would like to hear is that some of his subscribers sold their house to go all-in yolo:ing on his "advise", only to lose it all and blame Louis for it. It is probably a smart thing to do, taking the cautious option and protect yourself.
That's kinda why people are here, right? You know that whatever Louis is going off about, he's giving you what he believes to be the truth. And the dude's also honest enough to tell you when he changed his tune when he was wrong about something.
@@sirapple589 Uhh no ... Its just that is a common saying. But the inflection of blue these dayes ... says polotic . So I clarified ... which frankly I am middle/purple .
@@thisoldboy4111 if you don't understand what is going on with these shorts, go to Wallstreetbets on reddit, the explanations usually involve dildos, but they tend to be understandable.
t makes me wonder if the clearing house is already getting f*ed on the other side....with all those shorts coming due. or it could also be: it sounds like citadel is helping robinhood with clearing. If Citadel is bailing out Melvin capital, what if they are now running out of money too and that's why the clearing house (cct or whater) is saying "pay up more we dont trust your broke ass!"
Don't be discouraged even if it doesn't happen due to trickery etc. They still have to pay massive interest as time goes on. The higher the stock price, the higher that interest is going to be. Not a financial advice.
@@squeezemelvincapital9035 It reached 500 during premarket hours on thursday. Who knows how much it would of went up to if they didn't shut down buying.
@@Gandalf721 You mean the bank wouldn't take bad debt and sell it on, and eventually probably accidentally buy it back at 100s of % over it's value? ;)
Again, they might have or have not been "broke", but the thing is that probably the majority of people buying GME where on Robinhood, so they got an overload they couldn't sustain. I believe this might happen (and it has) with other brokers too, so better not to use the all the same platform but spread on different ones.
He accepts it he said it he got a 1 billion dollar bribe from funds he said we raised 1 billion. Today they raised that from their hedge fund buddies in exchange for them covering shorts and saving around 5,000,000,000 what a sweet deal at the exownse of Robin holders they got screwd Massive Class action .
No, he really doesn't. I respect Louis a lot, he's one of my favorite TH-camrs but he is wrong here on several things. He does not know the structures of the investing world enough.
@@GG-ou7it When I inject these sweet premium Eddie in my arms choom you'll be looking to buy a new pc with all that autistic GME stock and boy howdy will you finally be able to sell that shitty ps4 you got and experience cyberpunk how it was ment to be instead of just whining on the internet because you didn't enjoy the game and others did. Now shut the fuck up you retarted dolphin and go buy gme and hold you stupid ape.
The fact that you are NOT a financial expert, and that you fix MacBooks for a living, is what makes you more trusted source. You’re trying to figure it out just like the rest of us who aren’t financial experts. Thank you for these videos.
I bought GME on Monday not aware I would be in the middle of a class war, it just seemed like it made sense and it would result in a quick buck. Now that I’ve educated myself and see what is happening I’M NOT SELLING! 14 shares strong and DIAMOND HANDING TO THE MOON It’s us vs them. Let them bleed
I've been following this channel from the purely repair video days and everytime you pick up a new topic it keeps on growing on me. Rossman for president. precise, articulate logic.
Google needs to also be investigated for removing the more than 100,000 negative reviews from the Robinhood app. That's additional manipulation by Google.
How about, "robinhood", named after a communist thief. "Webull" as in we bullshit. Been seeing ads for some shit called "the motley fool" investment ideas by a group of idiots, the literal synonym
@@ArthurD unfortunately, too many people think economics can be accurately broken down to a dichotomy of capitalism vs communism. Really prevents any useful discussions.
I wake up at five in the morining, and Louis put up a video two hours before. Whenever I have free time, and when I don't, I'm following this. I just can't keep up. I work a company that deals with this, and I'm explaning what happening. I don't have an education for this, and people with master degrees are asking why, and what. So many people have no idea of the mechanics of this event. Can we blame people for not having the ability to know what's happening. I went into business for myself, and made money hand over fist, but I still failed because I didn't understand the need for a line of credit. Now you can see why every business needs a great line of credit.
I’ve been thinking Louis, with Steve Cohen recently leaving Twitter for “alleged threats on his family”, in my honest opinion I feel like this is the next media move... They will call the regular people of the subreddit “criminals” next.
@@imilliemedina666 lol no the “ban these people from trading” train has left the station... the “these people should be arrested and charged” train is just pulling in lol.
@@imilliemedina666 They took the funds from there own customers to cover their own asses. That’s sick as fuck. We’ll that’s why I’m here and with said Reddit people. I want to see the world change for the better, even if it’s only a little. Never seen such positivity all around and the anger pointed towards the right direction for a change instead of each other. Hopefully we witness that change.
@@imilliemedina666 Maybe. But we will always know the truth, so will our children, and their children, and their children's children, and so on and so forth, until the squeeze is squozed in the year of our Lord 69,420 AD
I am glad your channel has gotten massive exposure for this. I hope the tide continues in your favor. Been a long time viewer and love your perspective, knowledge, and freakouts ha ha ha
The robin hood story will be changed forever, instead of “stealing from the rich and giving to the poor” it will be remembered “stealing from the poor and giving to the rich”
I think their will be two Robin Hood stories, one of a old fable story from medieval times of stealing from the rich to give to the poor. Then you have the Robin Hood of the Clown Years of stealing from the poor to give to the rich and cover their ass.
I think the only thing you have gotten wrong with all of this is believing that what is really behind this is liquidity issue. For full disclosure I am a member of Wall Street bets have been for years and do have positions in GameStop and other companies related to this issue. That said I'm also a 52-year-old semi-retired ex C level executive from silicon valley. As such my skepticism here comes from seeing far too many shady CEOs trying to make excuses for their BS scam of a company. These hedge funds get backed into a corner and suddenly the rich elites are about to lose money and for the next week all the news agencies are ignoring them selling 140% of shorts and calling a bunch of people on Reddit Nazis or hackers or Trump supporters or anything they can think of to smear them. Meanwhile the hedge funds are getting bailed out by one of the companies that has actual direct control of the stock exchange? There are reports of that same company buying more shorts right before they locked down buying on not just Robin Hood but most brokerage accounts. There are reports that the White House intervened. And then suddenly on the very day most traders expected the stock to hit astronomical numbers, that is the day they impose restrictions? and you're buying any of this I thought you were from New York! This story's been going on for over a year and while the regular folk may not have been watching it there is no way the people at Robin Hood and other brokerages or anybody in the financial industries did not know what was going on. They had months of advanced notice and saw this coming from a mile away. Heck they even admitted they did this proactively so that means there were other options they could have taken. If liquidity was an issue they could have reduced trades on other stocks in order to give themselves headroom on the more active stocks. Instead they chose to kneecap their own customers? So the argument is despite all those "coincidences" I'm supposed to believe at the end of the day despite what the CEO himself has said it was really just an issue of they didn't have enough money in the bank, oopsies! Oh wait the camper on all of this is they just got one billion dollars in extra funding because they're so cash strapped right? Where did this billion dollars come from? Robin Hood has failed to name a direct source only stating that they had and get this "available lines of credit"! So now I'm supposed to believe they were sitting on a unused 1 billion dollar credit line and they didn't choose to exercise this until after this whole fiasco? because that doesn't look at all like they got a billion dollar payoff for turning off stock purchases and letting the hedge funds recoup their losses. No I want to see a fully transparent forensic audit of everything that transpired for this past week are these people need to do time. Shawshank kind of time.
So instead of making the hf give up the borrowed share to the buyer, thereby forcing the hf to cover it, they’re switching the onus onto the buyer or in this case the broker representing the buyer who has to cover it which is not possible on the scale demanded, so instead they just artificially restricted buying letting the hf off the hook until prices come down, which is what the restrictions ended up causing. *IF* this is the case, it’s essentially a sophisticated bail out mediated by the middlemen (brokers) representing the traders/investors. What I’m wondering is why aren’t the affected companies (gme, amc, etc) leading the class action lawsuits or doing press releases on this??
I came here to geek out on repair videos and here it is, AN AMAZINGLY CLEAR VIDEO on another topic I wanted to understand. Louis not only understands the repair trade, but the world as a whole. My heart is happy. :)
It's refreshing to see L. Rossmann talking about a subject he's passionated about ... besides rosting the fruit company. Pure genius. And I always: I've learned something.
I am really enthusiastic about the way you take the facts, despite all the justified (and important!) emotionality, and make contradictions and conclusions from them, with reason and logic. Please continue exactly like this, your summaries and interpretations help a lot to see through the situation.
Robinhood IPO'g at a typically overpriced value due to mindshare, WSB shorts the stock, and collectively pulls all of their trading from the Robinhood platform to boycott them simultaneously tanking their stock. That would be hilarious.
correct me if im wrong here. Citadel helps robinhood clear its shares. Citadel also just bailed out Melvin capital because they couldn't cover their shorts of GME. What is to stop Citadel loaning robinhood user's shares to Melvin's shorts to cover? After all our share are just a number on the computer screen. Just a theory.
@@jonusjonus9271 You're almost right. Citadel is not the clearing house but they did bail out Melvin capital and they do own 40% of RH. RH also "sells" your order flow TO citadel. (all of which should be extremely illegal) So yes, GME going up effectively took money FROM Citadel and GME going down GAVE them money while taking it from their OWN users since half of all RH users owned shares of GME.. this is the real reason they disabled the "buy" button They knew this would destroy their company and did it anyways because they would rather take their chances in court with an army of high powered lawyers than watch another 12 billion fly out the window before dusk.
Can I just say that I appreciate how you're not a broker or involved in Wall Street in any way, nor are you a reporter; yet your videos have been relatable and informative on this topic as though they were staples of your channel. I appreciate how you dove into this based on your own interest and shared what you found.
They only reach those boomers not using adblock anyway. In any case we aren't buying that. Just more additional money burned. This will surely make an extremely interesting movie. I'm totally backing a Kickstarter if there will be one
They can't say that because that is a verifiable fact. The regulator can check how much money they had at that point in time. They can say that they would have run out of money in the future because who knows what will happen in the future.
@@ViralZen I dont think he lied there think they actually couldnt cover margins. But the question stays how tge fuck is it legal to change margin to 100% mid trading day
Thank you. I didn't know who you were before this fiasco, but I support your work and truly appreciate the coverage and honest take you've given. NEVER STOP! You've inspired me to finally stop procrastinating and start daily posting on my channel to show people the same shady stuff that happens in the energy sector (I'm owner in a solar company and started Awaken Solar to show people the truth).
Right to repair was not much of a thing until I started posting about it regularly. Never underestimate the power of someone that wants to make the world a better place, especially when it is yourself! Get started my friend and best of luck on your journey.
@@rossmanngroup thank you, it means a lot just to know that it's possible to grow a movement because you're vocal and honest. I'll be doing by best to also spread the word about right to repair. I grew up on a farm that would never have been possible if farm equipment companies operated like Apple! We fixed things and even bought broken equipment sometimes. Even though I'm in Idaho I hope to have you fix a laptop for me one day ;)
I just wanted to say, you're doing a great job. The medium is crowded, and you are doing us all an amazing service by defining how to use this video among all your others. I've never seen anyone say "Watch this one, not the others". An amazing way to break news and add discussion over time, but also replace when necessary so people don't get bogged down. This one choice furthers the medium, and I hope it catches on, and the same for your great work.
I work at broker actually, how it was for us: Clearing: we put GME in liquidation only We: why? Clearing: risk management We: what is the risk of 100% margin long? Clearing: uh, oh, sorry you can buy
@@EKSelenc idea that tis is money issue is just ridiculous to me, even with all this hype GME is just tiny part of global market, grain of sand on a beach. So it is more about willingness of broker to stand for clients. It is always easy to say "ok, we put on close only, whatever".
@@tiagopacheco4654 New legislation isn't a black hole that will devour everything to make a new clean slate. New legislation will change the landscape, and therefore the world(or country, or whatever) will have to adapt to new margins. There are people who will go outside of the margins, and those are the ones who should get punished. But, then there are the ones who find loopholes, and ultimately...it's up to legislation to handle said loopholes.
Louis Rosmann, macbook repairman, has given the world more honest and intelligent coverage of this than 99.0% of the corporate media. They should be taking notes!
To be fair the ‘experts’ are retarded, as shown by the stock experts on news crying they lost 70 billion over a few nights. The ‘professionals’ are the mid point, right?
th-cam.com/video/r9BAXUd0voY/w-d-xo.html they tracked it down to the start of the whole thing, and are pretty accurate on what is going down (at least by the time of their recording). Louis Rossmann is doing really good on the subject, but if he is the only guy you are listening to that is getting this somewhat accurate then you need to broaden your horizons.
*Little fish not allowed to buy ACTUAL stocks.* *Fat cats allowed to short-sell NOTHING stocks.* *Cats call the fish criminals.* *It will end with burnt crooks.*
If their job was to reign in the hedge funds, we would see that. But their job, their actual purpose, is to protect big players. They give zero fcks about normal people.
The whitehouse press secretary’s brother works at Citadel? His LinkedIn was erased. Jennifer Psaki also scrubbed any mention of him on her social pages. Conflicts of interest much?
@Jim Allen It was first reported that it was her husband, then more widely reported that it was her brother. My PERSONAL opinion on your question is: ‘Yes, it’s her brother.’ The scrubbing of LinkedIn and her bio page is right in line with her MO. As evidence, I would submit her management of the official White House TH-cam account. She has systematically deleted and/or disabled comments on all videos posted since President Potato took office. Any negative information or critical observations have been erased.
@Jim Allen Sorry...I thought I acknowledged my bias. I didn’t like her when she was the press secretary for the State Department back in the Obama days. As far as I know and believe, yes she has a brother that works as a portfolio manager at Citadel.
You’re so considerate of your audience in the way you present. That is SO rare these days. Thank you beyond words. Love your content and listening to you.
Louis, before last Monday, I had never bought or sold a share of stock in my life...at my son’s encouragement I opened a RobinHood account and bought a few shares of GME, AMC, and Nokia...I have a few extra bucks and figured WTF...when I saw that they had shut down the buying I was trying to figure out what the hell was going on and randomly stumbled across your channel...you might “just” be a MacBook repairman ( I’m just an HVAC contractor) but I’ve learned more about the market watching your videos the last few days than my whole life up to this point...I always knew the game is rigged, just didn’t realize to what extent! Keep up the good work man!!!
Makes sense though. Louis spends most of his time looking throw a microscope trying to find the one chip thats busted. Seems he'd be good at figuring out complex problems.
@@sandakureva Yep. If there are two things that confuse the shit outta me, it's economics and technology. If one can master one, they can master the other.
@@infiltr80r Clearing takes 2-3 days. Next week they should open up and allow all trading. Then GME will go to the moon (this is not financial advice etc, etc.)
@@LifeStartsAtrpm-ru1xo Its an insurance scam. If hedge funds go bankrupt, there is a high risk, that DTCC won't be able to collect all the money from them they have lost in the stock market. DTCC is payed for taking over and manage risk, but it is also able to manipulate the market by determining the cost of this mandatory insurance.
@@LifeStartsAtrpm-ru1xo Yes, brokers are already opening up for next week. But my view is bearish, the party is probably over. I know I know, you think this is special and never seen before but it's really not. Just history repeating.
You have made me laugh out loud and kept me entertained over the past 3 days since I started following you. Thank you for your honesty, passion, forensic questioning and clear explanations. From a very grateful (and now much more informed) Grandma in rural England.
They were not told to do that. They are one and the same with the hedge fun. Short sellers have vested interest and money to mess with businesses. It should be highly regulated. They could have been setting game stop to fail for years planning this. That store could have easily been cool. those fuckers think of shit like this all the time. normal people just have better things to do and better morals
The question not being asked is why was it only these stocks. if they had a cash problem it should have been every single stock on the app not just the ones that were being targeted.
The meme stocks a very volatile. So their clearing house is asking for 100% upfront instead of 5%. If robinhood has 2B in cash at 5% margin requirement they can allow up to 40B in buys to happen. However if the clearing house is asking for 100% in meme stocks buy they can only buy 2B. Obviously they don't want to use up all their cash in meme stocks because than their other customers wouldn't be able to buy Apple or Amazon stock. So they are limiting the buys in meme stock to be able to allow buys in non volatile stocks.
the establishment does not want the people to unite, because as soon as the culture war stop and people turn to the class war, the rich people are actually threatened.
@@Sulandir_ I dont get it, the right are right now with the left in their hate of the ultra rich. So, the right suddenly turned left? Class warfare? The cornerstone of marxism?
@@Trozomuro the left and right are on the side of anti-corruption and how the normal dude can get fucked over, but when its in reverse, the hedges can just weasel out
Thank you Louis, I had seen the Robinhood CEO video earlier, but didn't understand it.. thank you for bringing this down to a level that non investors can understand.
I don't see any failure. I see a shift of bank balance from hedge fund managers with private homes in the Caribbean to the ordinary joe and gamers. Zero sum actually. Those folks once have their money deplted, can take second jobs driving Uber or door dash just like us.
There is "no liquidity problem" because most margin transactions only require a tiny fraction of actual funds to back it while the transaction is being cleared. Bump up those requirements any and you quickly discover there is a liquidity problem.
He confused me more. It sounded like he said Robinhood wasn't that shady after all, and the narrative over on WSB is way off. Even people in this comment section are still saying GME is going to $1000, after watching this video.
@@burnlikeneon4044 Louis isn't a spokesman for RH. He relayed what the CEO stated, and if you're confused by that, you should be. That's the point. No, I personally don't think GME is worth $1k. But under current conditions and factors going on, I would not be surprised if it does go that high. Two different things. Am I willing to or am in a position to take that risk? No, but that's me. Others may have a different circumstance, and that's fine.
Right. They tried during that stop. GME went from 500 to almost $100. Can bet your ass they played that dip and knew it was coming. But they still owe BIG
They have covered. They slammed it down when people couldn't buy and repositioned at a higher price point. They have the capital to hold that position for a long time so long as the price doesn't go up like this past week
Hedge funds are going to make out great as they are buying GME while retailers think they're squeezing them. Eventually retail will take their huge profits they are holding and hedge funds will have huge downside to short.
@@primafacie5029 correct me if im wrong here. Citadel helps robinhood clear its shares to the Depository Trust and Clearing Corporation (DTCC). Citadel also just bailed out Melvin capital because they couldn't cover their shorts of GME. What is to stop Citadel from using robothood user's shares to cover Melvin's shorts (behind the scene)? After all, our share are just a number on the computer screen. That might also explain why central clearing wants 100% up front for any more shares. Maybe after they used up all the of citadel's GME stock and robinhood's user's GME stock they still needed more
They were always a terrible brokerage, but they had a niche market because they offered free trades and fractional shares, i.e. they were going after people who only had $100 to invest. Terrible execution and service is still good value if it is free. The pros and experienced investors/traders would never touch them. If you read their terms of service compared to other brokerages, you would run for the hills. Now that other retail brokerages cut their fees, there is literally no reason to use Robinhood. Robinhood's business model doesn't really even make sense any more. Other firms like Fidelity or Schwab are brokerage banks so they can provide trades for free while cross selling you mutual funds, advisory services, checking/savings accounts, credit cards, mortgages, etc. You know how they make their money. Robinhood sells your order flow. Either it is not profitable (in which case you should be a bit nervous about why you have all your money in a business that is bleeding cash) or you are getting ripped off on your trades (the profits come from scalping your trade).
Young hippy tech startups like them try to 'disrupt' the traditional platform by implementing 0 fees with a very risky business model. Such models are BS. Use Fidelity Investment instead. They are stable and not to mention their Magellan Fund use to be ran by legendary Peter Lynch.
I'll be honest. I started watching Louis for the commentary during repair videos. However, I find myself liking these social commentary videos way more along with the cat videos.
This comment is regards to your older self help videos. I hope you see this and feel a little more stronger. I have discovered your interview on yahoo finance channel and was really impressed by your audacity and self confidence. Then I saw some comments and decided o look into your channel. I have watched the video where you explain the source of your productivity. I have adhd and I was struggling with productivity. I have tried your technique the same day i was productive like I was never before. Then I kept watching your other videos, I dont know how but you changed my whole perception with couple of videos. I will keep my promises and whenever I encounter with a problem I'm not gonna run away but ask myself what am I gonna do about it. Have an amazing life my guy, you deserve it.
You’re 100% right. I had a brokerage house they took my share. To cover a short that the broker had. The broker lost her job. That was 15 years ago in Canada.
@@denrimi Naa, it should just stay in the stock market and they shouldnt be allowed to sell. If they have to sell all of their stock they could hurt the market really badly. Also, if it was distribited to charities I feel like it would go to charities that end with the owners pockets stuffed.
@@denrimi Soooo, are you suggesting that they transfer all of their shares to different charities? Im a little confused as to how that would work though?
So eloquent and clear. You have helped me understand what's going on. My dad was head of securities at a bank years ago and when he retired bought and sold shares for fun and I never understood what the hell he did!
I can’t pay the rent on time this month I’ll be a week late Oh do you have a money problem? Nonono I’m not paying my rent right now so I have no money problem. Cant you just pay the rent then? No because then I would have a money problem. ....
Dude you dont have to defend yourself, instead you should push and make them defend theirself. You can be wrong, as an individual you can tell a lie. But these guys should not. You really dont have to clerify youself whenever you want to talk about anything outside your profession.
I have a responsibility to the people who trust me to give a reasonable take on things to give good information. Or, if I get it wrong, to explain what led me there at the very least. You all clicked and chose to watch me, the least I can do is make sure what I upload isn't dogshit and decently cited. I failed you all in some ways by not having all of the information: and I will probably fail you all in the future, as well. But, when I do, I'll let you know how I failed and apologize for it.
@@rossmanngroup have you slept this week bro? You don’t look like you have. You’re a legend.
I believe the last thing Louis would like to hear is that some of his subscribers sold their house to go all-in yolo:ing on his "advise", only to lose it all and blame Louis for it. It is probably a smart thing to do, taking the cautious option and protect yourself.
I put in an amount into gamestop that I am ok losing 100% of, and not a penny more.
@@rossmanngroup you da man
If you own GME, you don't own a stock, you own a part of history. Hold it.
Profits are temporary. Glory lasts forever.
Yea but what about my tendies
Idk i want my chicken nuggies
10,000+ is not a meme.
@@Tenacitae pull out 25% and HOLD the rest.
From a MacBook Repair channel, to Apple Hate channel, to kitty channel, to real estate channel, and now stock market channel. I'm in.
Lad, this isn't the stock market, this is a space mission.
Totally down for the ride.
That's kinda why people are here, right? You know that whatever Louis is going off about, he's giving you what he believes to be the truth. And the dude's also honest enough to tell you when he changed his tune when he was wrong about something.
its been a great 24 months man!
My man has decent views on a lot of things and has a relatable and justifiable hate for a few things like this lmao
Thanks for the timecodes, not many others value their audience’s time.
Yea!
Not just the timestamps but even the recaps are precise with no filler bs droning on. Keeps me interested so I just watch anyway 😂
He is true blue ... err what ever color you think is best.
This guy needs to be speaking for the People !
Mk101T
“True blue”
You wouldn’t happen to be Australian would you?
@@sirapple589 Uhh no ... Its just that is a common saying.
But the inflection of blue these dayes ... says polotic .
So I clarified ... which frankly I am middle/purple .
Came for Apple Rant Repairs and Roasts, Stayed for actual *journalism* and *explanation* on topics even if they aren't your profession
Truly remarkable
Ditto! 💯
Robinhood’s ceo will go down in history as one of the worst.
I’d say one of the dumbest.
@@alexnezhynsky9707 The problem IS all the plebs that make things that happen for those in the shadows. Without them it's not possible.
And Deepf...ingvalue will go down as one of the good guys.
Brittany wtf are you doing here.
@R B stooge or not he is a vile liar and actively undermined retailers
This channel and this recap is ten times better than anything you will see on mainstream media. Love this channel.
Tom himself is here 😁
100% agree
The problem is idk what the fuck he's talking about that's why mainstream media is like it is (I'm not trying to defend MSM I'm just saying)
@@thisoldboy4111 if you don't understand what is going on with these shorts, go to Wallstreetbets on reddit, the explanations usually involve dildos, but they tend to be understandable.
@@PeterCampbell1 ok
I have infinitely more trust for this seemingly normal dude than I have for every media outlet combined on their very best day
Yeah.. Mainstream media became (or always were) political tools
Their all good actors like In the movie Network
Public media exists to misinform and indoctrinate
Hail to the absolute geniuses who pulled this off. You made history, boys.
Robinhood CEO shaking his head no, throughout his whole interview. Even his brain won't allow him to lie his way out of this whole thing
He is Bulgarian, in balkan countries shaking head left to right means NO.
@@lucianionutcocos4413 you mean YES
Maybe he's Bulgarian?
He's constantly lip licking and approval seeking. He ups his brows more than Flynn Rider.
THEY HAVE TO BUY, we don’t have to sell. GME 10k+ let’s bankrupt these clowns.
I am holding. They must pay.
@@rossmanngroup Champion. Buying a share monday just as a thank you to the movement.
hold hold hold
my wife is holding her 2 shares with an AVG price of 13 bucks lmfao.....she dont give a fuck and holding til deaTH
t makes me wonder if the clearing house is already getting f*ed on the other side....with all those shorts coming due. or it could also be: it sounds like citadel is helping robinhood with clearing. If Citadel is bailing out Melvin capital, what if they are now running out of money too and that's why the clearing house (cct or whater) is saying "pay up more we dont trust your broke ass!"
The Squeeze hasn't happened yet! WE GOING TO MARS
I think the stock is still at 120% short according to highshortinterest
Don't be discouraged even if it doesn't happen due to trickery etc. They still have to pay massive interest as time goes on. The higher the stock price, the higher that interest is going to be.
Not a financial advice.
What do you think realisticly which price can we achieve?
Ew
@@squeezemelvincapital9035 It reached 500 during premarket hours on thursday. Who knows how much it would of went up to if they didn't shut down buying.
The moral of the story: Don't work with a broke broker.
The punishment game is strong.
@@rizkiyoist yes, hold and buy GME
Maybe if the broker would stop eating avocado toast or brew its own coffee 🤔
@@Gandalf721 You mean the bank wouldn't take bad debt and sell it on, and eventually probably accidentally buy it back at 100s of % over it's value? ;)
Again, they might have or have not been "broke", but the thing is that probably the majority of people buying GME where on Robinhood, so they got an overload they couldn't sustain. I believe this might happen (and it has) with other brokers too, so better not to use the all the same platform but spread on different ones.
Vlad : "there was no liquidity problem"
The People : *mass exodus of users from Robinhood*
Vlad : ... okay NOW there's a liquidity problem.
You can't get rich there, they just showed you that
@@DANTHETUBEMAN where should I move to?
@@thelasso9478 I haven't had any issues with purchasing shares of GME on Fidelity, but then again I only bought 10 shares.
@@thelasso9478 vanguard or fidelity
@@thelasso9478 Fidelity m8.
Bro i'm not gonna skip forward even if i've heard it a million times. Just sounds better coming from you. And it's accurate.
Thank you!
I'll pass my one share to my future grandchildren.
This is the best plan i heard so far! This is the way!💎✊💎💪💎
@@Billy_Rizzle lol
Lol amazing. It will be a piece of history. Great idea
😂 Even if it's worth 0 by then what a legacy. That's awesome
Thank you for this comment. Legit made me smile
This is the way
He accepts it he said it he got a 1 billion dollar bribe from funds he said we raised 1 billion. Today they raised that from their hedge fund buddies in exchange for them covering shorts and saving around 5,000,000,000 what a sweet deal at the exownse of Robin holders they got screwd Massive Class action .
The only thing you missed was:
I AINT SELLING!!! I LIKE THIS STOCK!
I am bullish
🌈🐻 ain't got shit on these 💎👐 to🚀 the 🌙 bulls OP no nerf
YOU WILL HAVE TO PRY MY STOCKS FROM MY COLD DEAD HANDS, YOU WILL NOT EPSTEIN ME AND USE MY FINGER BECAUSE I HAVE A PASSWORD
@@glitched_code I'm gonna put a permanent buy only order on GME. I'll hit up fidelity tomorrow and ask them to disable selling.
I like the stock too. Don't like the company, but I love the stock.
Even as a simple MacBook repair guy, you somehow manage to have the best and most informative takes on this situation
Macbook repair guy > finance industry presstitutes
He "just" did the most homework, and honestly, that's admirable.
No, he really doesn't. I respect Louis a lot, he's one of my favorite TH-camrs but he is wrong here on several things. He does not know the structures of the investing world enough.
@@infiltr80r lol and if you did, you would be commenting elsewhere with your high falutin' insights
Wake the fuck up Samurais, we've got corpo money to burn!
It’s funny you quoted a piece of media that was made by a company who scammed their customers with false advertising, really funny
@@exemida he was talking about the original comment, not about your first reply.
@@GG-ou7it When I inject these sweet premium Eddie in my arms choom you'll be looking to buy a new pc with all that autistic GME stock and boy howdy will you finally be able to sell that shitty ps4 you got and experience cyberpunk how it was ment to be instead of just whining on the internet because you didn't enjoy the game and others did.
Now shut the fuck up you retarted dolphin and go buy gme and hold you stupid ape.
The fact that you are NOT a financial expert, and that you fix MacBooks for a living, is what makes you more trusted source. You’re trying to figure it out just like the rest of us who aren’t financial experts. Thank you for these videos.
I bought GME on Monday not aware I would be in the middle of a class war, it just seemed like it made sense and it would result in a quick buck. Now that I’ve educated myself and see what is happening I’M NOT SELLING!
14 shares strong and DIAMOND HANDING TO THE MOON
It’s us vs them. Let them bleed
Is this for real? I'd never imagined something like this could happen in this universe!
Salute
Salute sir. Hold the Line‼️
You are all my brothers now. We stand together
And you ours
The elites vastly underestimated a generation that spent their Friday nights in highly coordinated World of Warcraft raids.
This and the fact that many games have complex ingame economies that work much the same as irl ones
Such xrimge
Ahhhh so true!!!
@@Eleriol84 I started with Pharaoh/Cleopatra. That game was SIM CITY with sense.
those game teach you how to manage yourself. money, growth, responsibilities etc.
Coming at ya from the UK as a result of Wallstreetbets and the GME situation, officially subscribed and watching on a regular basis now
Honestly I originally subbed for the pc repairs but I’m really liking listening to him talk about tech news. I also love Clinton the cat
@@JustAPairofLegs mr. Clinton makes usually great points on recent events on Louis’ channel.
Been subscribed for years, UK viewer too. Came for apple bashing stayed for the cats.
It would be fascinating to hear how this is being portrayed internationally and what the perspective of the average person is...
@@denrimi I agree
I've been following this channel from the purely repair video days and everytime you pick up a new topic it keeps on growing on me. Rossman for president. precise, articulate logic.
Google needs to also be investigated for removing the more than 100,000 negative reviews from the Robinhood app. That's additional manipulation by Google.
Today, Louis Rossman is the smartest boy in class.
it was a smart idea for him to make more videos on this. seems like these are a hit. The next meet kevin
LR is definitely a smarty pants.
More like did the most homework in the class.
"MF Global" the most appropriately named stocks company ever.
How about, "robinhood", named after a communist thief. "Webull" as in we bullshit. Been seeing ads for some shit called "the motley fool" investment ideas by a group of idiots, the literal synonym
@@DC-fu8wy Robin Hood, *communist* thief? Long before the idea of communism? Dude, too much propaganda in your brain.
I'm here to see MF GLOBAL
@@ArthurD unfortunately, too many people think economics can be accurately broken down to a dichotomy of capitalism vs communism. Really prevents any useful discussions.
@@petemasta99 ALL CAPS when you list the company
I wake up at five in the morining, and Louis put up a video two hours before. Whenever I have free time, and when I don't, I'm following this. I just can't keep up. I work a company that deals with this, and I'm explaning what happening. I don't have an education for this, and people with master degrees are asking why, and what. So many people have no idea of the mechanics of this event. Can we blame people for not having the ability to know what's happening. I went into business for myself, and made money hand over fist, but I still failed because I didn't understand the need for a line of credit. Now you can see why every business needs a great line of credit.
Anyway, remember. Keep HODLING! 🚀 awaits us!
All the way to the bottom, Yeah? 😅
🦍🦍🦍🦍💪💪💪💪💎✋
@@AQLV you better be right or I’m coming for you sir 😹
You gentlemen are true patriots
Holding for the next 10 years!!
This man never sleeps, he just works nonstop
That’s why he’s pretty well off tbh
His blood is redbull.
Nonstop-gamestop
@@charlloss123 i was gunna say this! U stole my comment :(
Commenting for the algorithm. More people need this
Which is why tech oligarch google deboosts it.
Liking & replying for the algorithm. Also, good video. Ok Google.
Bump
beep boop me too
@@BigDeepz I second that beep boop :)
I have learned more about finance this last week from Louis's videos than I have in the 45 years of my life combined.
I’ve been thinking Louis, with Steve Cohen recently leaving Twitter for “alleged threats on his family”, in my honest opinion I feel like this is the next media move... They will call the regular people of the subreddit “criminals” next.
They already went with the white supremacy narrative, foreign attack blabla
@@imilliemedina666 lol no the “ban these people from trading” train has left the station... the “these people should be arrested and charged” train is just pulling in lol.
@@imilliemedina666 They took the funds from there own customers to cover their own asses. That’s sick as fuck. We’ll that’s why I’m here and with said Reddit people. I want to see the world change for the better, even if it’s only a little. Never seen such positivity all around and the anger pointed towards the right direction for a change instead of each other. Hopefully we witness that change.
This needs to be addressed on Twitter, TH-cam, Reddit and FB. People MEED to shut this down quickly
@@imilliemedina666 Maybe. But we will always know the truth, so will our children, and their children, and their children's children, and so on and so forth, until the squeeze is squozed in the year of our Lord 69,420 AD
We'll hold GME for as long as it takes, diamond hands to the moon !
Some mad lad bought a huge billboard on Times Square that says "$GME go BRRRR". 🤣🤣🤣
Lmao
BRRRR
What street ? I want to go see it.
@@rossmanngroup enjoy some frech Air!
It‘s on Times Square
Hi guys from Greece! We support this movement!! Cu in the wallstreet!
I am glad your channel has gotten massive exposure for this. I hope the tide continues in your favor. Been a long time viewer and love your perspective, knowledge, and freakouts ha ha ha
The robin hood story will be changed forever, instead of “stealing from the rich and giving to the poor” it will be remembered “stealing from the poor and giving to the rich”
It's a far more true story
I think their will be two Robin Hood stories, one of a old fable story from medieval times of stealing from the rich to give to the poor. Then you have the Robin Hood of the Clown Years of stealing from the poor to give to the rich and cover their ass.
'Robbing' from the poor. 'Steal' is an understatement. ;)
I think the only thing you have gotten wrong with all of this is believing that what is really behind this is liquidity issue. For full disclosure I am a member of Wall Street bets have been for years and do have positions in GameStop and other companies related to this issue. That said I'm also a 52-year-old semi-retired ex C level executive from silicon valley. As such my skepticism here comes from seeing far too many shady CEOs trying to make excuses for their BS scam of a company. These hedge funds get backed into a corner and suddenly the rich elites are about to lose money and for the next week all the news agencies are ignoring them selling 140% of shorts and calling a bunch of people on Reddit Nazis or hackers or Trump supporters or anything they can think of to smear them. Meanwhile the hedge funds are getting bailed out by one of the companies that has actual direct control of the stock exchange? There are reports of that same company buying more shorts right before they locked down buying on not just Robin Hood but most brokerage accounts. There are reports that the White House intervened. And then suddenly on the very day most traders expected the stock to hit astronomical numbers, that is the day they impose restrictions? and you're buying any of this I thought you were from New York! This story's been going on for over a year and while the regular folk may not have been watching it there is no way the people at Robin Hood and other brokerages or anybody in the financial industries did not know what was going on. They had months of advanced notice and saw this coming from a mile away. Heck they even admitted they did this proactively so that means there were other options they could have taken. If liquidity was an issue they could have reduced trades on other stocks in order to give themselves headroom on the more active stocks. Instead they chose to kneecap their own customers? So the argument is despite all those "coincidences" I'm supposed to believe at the end of the day despite what the CEO himself has said it was really just an issue of they didn't have enough money in the bank, oopsies! Oh wait the camper on all of this is they just got one billion dollars in extra funding because they're so cash strapped right? Where did this billion dollars come from? Robin Hood has failed to name a direct source only stating that they had and get this "available lines of credit"! So now I'm supposed to believe they were sitting on a unused 1 billion dollar credit line and they didn't choose to exercise this until after this whole fiasco? because that doesn't look at all like they got a billion dollar payoff for turning off stock purchases and letting the hedge funds recoup their losses. No I want to see a fully transparent forensic audit of everything that transpired for this past week are these people need to do time. Shawshank kind of time.
So instead of making the hf give up the borrowed share to the buyer, thereby forcing the hf to cover it, they’re switching the onus onto the buyer or in this case the broker representing the buyer who has to cover it which is not possible on the scale demanded, so instead they just artificially restricted buying letting the hf off the hook until prices come down, which is what the restrictions ended up causing. *IF* this is the case, it’s essentially a sophisticated bail out mediated by the middlemen (brokers) representing the traders/investors. What I’m wondering is why aren’t the affected companies (gme, amc, etc) leading the class action lawsuits or doing press releases on this??
I came here to geek out on repair videos and here it is, AN AMAZINGLY CLEAR VIDEO on another topic I wanted to understand. Louis not only understands the repair trade, but the world as a whole. My heart is happy. :)
I really appreciate your Comment
Do u experience difficulty in trading....
W..h..a..t..s..a..p..p
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“It’s called the American dream, because you have to be asleep to believe it.” another George Carlin
he knew
Also Goerge Carlin: "It's a big club and you ain't in it."
I have a feeling that liquidity problems from people buying anything on Robin Hood won't be a problem ever again
It's refreshing to see L. Rossmann talking about a subject he's passionated about ... besides rosting the fruit company. Pure genius. And I always: I've learned something.
I am really enthusiastic about the way you take the facts, despite all the justified (and important!) emotionality, and make contradictions and conclusions from them, with reason and logic. Please continue exactly like this, your summaries and interpretations help a lot to see through the situation.
Damn Louis is fast. It was around 2 hours ago when he posted the community post.
I think Louis is responsible as a business guy.
I'm giggling imagining Robinhood IPOing and VLAD worrying about WSB shorting the stock
WE DON'T LIKE THE STOCK
Lolllll
Robinhood IPO'g at a typically overpriced value due to mindshare, WSB shorts the stock, and collectively pulls all of their trading from the Robinhood platform to boycott them simultaneously tanking their stock. That would be hilarious.
Shorting the stock wouldn’t do anything bc hedge funds will just buy it up and we’d lose money
@@MrKlarthums would be a shame if everybody bought $FIS at rh ipo.
I would imagine Robinhood is dead after this. They would need to change CEO and name to save this.
if they lie about covering their shorts, they might get fined a bit, if they tell the truth about not being able to cover, they'll lose way more money
We like the Cat
thats why they need to be class action law suit into bankruptcy and criminally prosecuted.
As he said in another video before, they are screwed each and every way.
Good luck to them!!!
correct me if im wrong here. Citadel helps robinhood clear its shares. Citadel also just bailed out Melvin capital because they couldn't cover their shorts of GME. What is to stop Citadel loaning robinhood user's shares to Melvin's shorts to cover? After all our share are just a number on the computer screen. Just a theory.
@@jonusjonus9271 You're almost right. Citadel is not the clearing house but they did bail out Melvin capital and they do own 40% of RH. RH also "sells" your order flow TO citadel. (all of which should be extremely illegal) So yes, GME going up effectively took money FROM Citadel and GME going down GAVE them money while taking it from their OWN users since half of all RH users owned shares of GME.. this is the real reason they disabled the "buy" button
They knew this would destroy their company and did it anyways because they would rather take their chances in court with an army of high powered lawyers than watch another 12 billion fly out the window before dusk.
Can I just say that I appreciate how you're not a broker or involved in Wall Street in any way, nor are you a reporter; yet your videos have been relatable and informative on this topic as though they were staples of your channel. I appreciate how you dove into this based on your own interest and shared what you found.
Loving my new strategy for awesome Gains in Crypto
W. H. A. T. S. A. P. P
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They're taking ads now declaring that they've covered their shorts. How pathetic is that.
"I totally have the money bro! You got to trust me!"
Maybe they talking about the cargo shorts he bought on wish :D
They only reach those boomers not using adblock anyway. In any case we aren't buying that. Just more additional money burned. This will surely make an extremely interesting movie. I'm totally backing a Kickstarter if there will be one
No way! Seriously!? 😂
Is there analysis that shows whether or not they covered?
They should've just straight up said: Yeah we ran outta money bois
They can't say that because that is a verifiable fact. The regulator can check how much money they had at that point in time.
They can say that they would have run out of money in the future because who knows what will happen in the future.
Except they didn't. And they weren't the only ones.
There's 11.5 billon left
@@falconeshield yeah upon further research THE CEO himself said it wasn't a liquidation issue, which makes him sound pretty guilty tbh
@@ViralZen I dont think he lied there think they actually couldnt cover margins. But the question stays how tge fuck is it legal to change margin to 100% mid trading day
Thank you. I didn't know who you were before this fiasco, but I support your work and truly appreciate the coverage and honest take you've given. NEVER STOP!
You've inspired me to finally stop procrastinating and start daily posting on my channel to show people the same shady stuff that happens in the energy sector (I'm owner in a solar company and started Awaken Solar to show people the truth).
Right to repair was not much of a thing until I started posting about it regularly. Never underestimate the power of someone that wants to make the world a better place, especially when it is yourself! Get started my friend and best of luck on your journey.
@@rossmanngroup 🙏👊❤
Need a partner in 'crime, ' can't do it alone.
@@rossmanngroup thank you, it means a lot just to know that it's possible to grow a movement because you're vocal and honest. I'll be doing by best to also spread the word about right to repair.
I grew up on a farm that would never have been possible if farm equipment companies operated like Apple! We fixed things and even bought broken equipment sometimes. Even though I'm in Idaho I hope to have you fix a laptop for me one day ;)
I just wanted to say, you're doing a great job. The medium is crowded, and you are doing us all an amazing service by defining how to use this video among all your others. I've never seen anyone say "Watch this one, not the others". An amazing way to break news and add discussion over time, but also replace when necessary so people don't get bogged down. This one choice furthers the medium, and I hope it catches on, and the same for your great work.
I work at broker actually, how it was for us:
Clearing: we put GME in liquidation only
We: why?
Clearing: risk management
We: what is the risk of 100% margin long?
Clearing: uh, oh, sorry you can buy
Interesting. Do you think it could've gone this way for any of the brokers who had restricted the trading or halted altogether?
@@EKSelenc idea that tis is money issue is just ridiculous to me, even with all this hype GME is just tiny part of global market, grain of sand on a beach.
So it is more about willingness of broker to stand for clients.
It is always easy to say "ok, we put on close only, whatever".
This whole thing made people realize that they can destroy predatory hedge funds!
I wonder how can hedge funds prey after this. They got fucked in their own hunting ground.
@@pipsantos6278 new legislation is gonna clear the playing field so they can go back to doing this again
@@tiagopacheco4654 New legislation isn't a black hole that will devour everything to make a new clean slate. New legislation will change the landscape, and therefore the world(or country, or whatever) will have to adapt to new margins. There are people who will go outside of the margins, and those are the ones who should get punished. But, then there are the ones who find loopholes, and ultimately...it's up to legislation to handle said loopholes.
And that’s a good thing. 😉
YESSSSS
Godspeed, Louis
Louis Rosmann, macbook repairman, has given the world more honest and intelligent coverage of this than 99.0% of the corporate media.
They should be taking notes!
For someone who claims to "not" be a "professional" you're bout the only one making any goddamn sense of anything
Yep don t need no Eco Degree to put common sense into eco discussion
To be fair the ‘experts’ are retarded, as shown by the stock experts on news crying they lost 70 billion over a few nights.
The ‘professionals’ are the mid point, right?
th-cam.com/video/r9BAXUd0voY/w-d-xo.html
they tracked it down to the start of the whole thing, and are pretty accurate on what is going down (at least by the time of their recording). Louis Rossmann is doing really good on the subject, but if he is the only guy you are listening to that is getting this somewhat accurate then you need to broaden your horizons.
When the rules change in the middle of the game, is it a coincidence that the new rules just happen to favor the fat cats?
Don't know, ask current presedincy, I think they know.
This.
Arbitrary POWER
*Little fish not allowed to buy ACTUAL stocks.*
*Fat cats allowed to short-sell NOTHING stocks.*
*Cats call the fish criminals.*
*It will end with burnt crooks.*
The SEC fined Elon for his $420 joke tweet, but let these hedge funds run wild for years. They'll do nothing.
Seriously? How much was he fined?
If their job was to reign in the hedge funds, we would see that. But their job, their actual purpose, is to protect big players. They give zero fcks about normal people.
@@npc6662 $20 Million.
Master slave relationship will do that 😜
@@npc6662 $1M and Tesla I think $5M
Also Diamond Hands till the end of time. Never selling my stock ever
What is diamond hands suppose to mean.. I get it not selling but why diamond and not steel?
Prove your unbreakable. I fkin salute you.
@@Vutra99 guess it's because they're going to withstand amazing amounts of pressure (therefore turning into a diamond)
@@Vutra99 your hands are clenched so tight they form diamonds
@@Vutra99 I would assume in reference to an infinitely solid grip on their shares. Diamonds are harder than steel btw...
The whitehouse press secretary’s brother works at Citadel? His LinkedIn was erased. Jennifer Psaki also scrubbed any mention of him on her social pages. Conflicts of interest much?
And Sec. Of Treasury allegedly received $800K from them for speeches.
And would now look into it. Yeah, sure ))
The shut it down party is in the white house
@Jim Allen th-cam.com/video/A6oJC-wRolA/w-d-xo.html
Tim pool discusses this on his channel
@Jim Allen It was first reported that it was her husband, then more widely reported that it was her brother. My PERSONAL opinion on your question is: ‘Yes, it’s her brother.’ The scrubbing of LinkedIn and her bio page is right in line with her MO. As evidence, I would submit her management of the official White House TH-cam account. She has systematically deleted and/or disabled comments on all videos posted since President Potato took office. Any negative information or critical observations have been erased.
@Jim Allen Sorry...I thought I acknowledged my bias. I didn’t like her when she was the press secretary for the State Department back in the Obama days. As far as I know and believe, yes she has a brother that works as a portfolio manager at Citadel.
You’re so considerate of your audience in the way you present. That is SO rare these days. Thank you beyond words. Love your content and listening to you.
Thank you for your wonderful comment
Whasapp
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I can link you up with something new
Louis, before last Monday, I had never bought or sold a share of stock in my life...at my son’s encouragement I opened a RobinHood account and bought a few shares of GME, AMC, and Nokia...I have a few extra bucks and figured WTF...when I saw that they had shut down the buying I was trying to figure out what the hell was going on and randomly stumbled across your channel...you might “just” be a MacBook repairman ( I’m just an HVAC contractor) but I’ve learned more about the market watching your videos the last few days than my whole life up to this point...I always knew the game is rigged, just didn’t realize to what extent! Keep up the good work man!!!
For a non-finance professional, this man does some great investigative work on the industry.
Makes sense though. Louis spends most of his time looking throw a microscope trying to find the one chip thats busted. Seems he'd be good at figuring out complex problems.
@@sandakureva Yep. If there are two things that confuse the shit outta me, it's economics and technology. If one can master one, they can master the other.
Ameritrade, E-Trade, WeBull, have all had the same problem, evidently.
Yeah, they apparently use the same clearing house.
Clearing companies decide this, not the brokers themselves.
@@infiltr80r
Clearing takes 2-3 days. Next week they should open up and allow all trading. Then GME will go to the moon (this is not financial advice etc, etc.)
@@LifeStartsAtrpm-ru1xo Its an insurance scam. If hedge funds go bankrupt, there is a high risk, that DTCC won't be able to collect all the money from them they have lost in the stock market. DTCC is payed for taking over and manage risk, but it is also able to manipulate the market by determining the cost of this mandatory insurance.
@@LifeStartsAtrpm-ru1xo Yes, brokers are already opening up for next week. But my view is bearish, the party is probably over. I know I know, you think this is special and never seen before but it's really not. Just history repeating.
You have made me laugh out loud and kept me entertained over the past 3 days since I started following you. Thank you for your honesty, passion, forensic questioning and clear explanations.
From a very grateful (and now much more informed) Grandma in rural England.
Hands down the most comprehensive and objective take on what actually happened with GS and RH, My respect for you just 1000x'd
Getting these diamond hands ready this weekend for the coming week
You random bastards make me so proud. Unbreakable /salute
Best of luck at the crooked casino 🙂
it feels like Robinhood looked for a reasonable explanation for what they did rather than explain that they were told to do that.
You are a exceptionally talented orator because I tried for 3 days to find these exact words you speak!! ^^^^^^^^^^
8 ))
They were not told to do that. They are one and the same with the hedge fun. Short sellers have vested interest and money to mess with businesses. It should be highly regulated. They could have been setting game stop to fail for years planning this. That store could have easily been cool. those fuckers think of shit like this all the time. normal people just have better things to do and better morals
@@victorfranca85 Actually, normal people pile on dying companies all of the time.
Furthermore, there'll still be selling calls & buying puts, etc.
The question not being asked is why was it only these stocks. if they had a cash problem it should have been every single stock on the app not just the ones that were being targeted.
The meme stocks a very volatile. So their clearing house is asking for 100% upfront instead of 5%. If robinhood has 2B in cash at 5% margin requirement they can allow up to 40B in buys to happen. However if the clearing house is asking for 100% in meme stocks buy they can only buy 2B. Obviously they don't want to use up all their cash in meme stocks because than their other customers wouldn't be able to buy Apple or Amazon stock. So they are limiting the buys in meme stock to be able to allow buys in non volatile stocks.
Surprisingly I'm learning way more after few last vids than I usually do here. This is best educational channel on youtube!
the new US administration: "we're going to work to unify the left and the right"
wallstreetbets: lol we just did it
This is the only solution.
the establishment does not want the people to unite, because as soon as the culture war stop and people turn to the class war, the rich people are actually threatened.
@@Sulandir_ I dont get it, the right are right now with the left in their hate of the ultra rich. So, the right suddenly turned left? Class warfare? The cornerstone of marxism?
@@Trozomuro the left and right are on the side of anti-corruption and how the normal dude can get fucked over, but when its in reverse, the hedges can just weasel out
@@bradywilliams9924 Mmm, also true, but im from the basis of, if you are uber rich, probably you are corrupt.
Congrats on your Yahoo Finance interview, WSB Reddit user!
Lmao
Thank you Louis, I had seen the Robinhood CEO video earlier, but didn't understand it.. thank you for bringing this down to a level that non investors can understand.
Thank you Louis Rossman for shedding light on all of this! Preach brother!!!
This guy likes screens. We just like the stock.
I don't even know what's going on. I just like video games, and movie theaters. And BB.
💎🤚💎🤚💎
he repairs MacBooks for his day job
You like the stock too!? I like the stock as well. 💎👐🚀
This video needs to go viral I really believe you've hit the nail on the head
They may be too big to fail, but we are too many to fuck with. A day of reckoning is coming.
HEEELLLLL YEEEEEEEAAHHH
agreed
there are federal agents outside my house
We are also too many that dont give a f@ck and that makes US too big to fail. The day of reckoning is the day we hold the line to the moon! Lol
I don't see any failure. I see a shift of bank balance from hedge fund managers with private homes in the Caribbean to the ordinary joe and gamers. Zero sum actually. Those folks once have their money deplted, can take second jobs driving Uber or door dash just like us.
@@lavanderlarry100 And if the hedge funds can afford it, they'll be right there ahead of you..
There is "no liquidity problem" because most margin transactions only require a tiny fraction of actual funds to back it while the transaction is being cleared. Bump up those requirements any and you quickly discover there is a liquidity problem.
I love how digestible you've made this week.
He confused me more. It sounded like he said Robinhood wasn't that shady after all, and the narrative over on WSB is way off. Even people in this comment section are still saying GME is going to $1000, after watching this video.
@@burnlikeneon4044 Louis isn't a spokesman for RH. He relayed what the CEO stated, and if you're confused by that, you should be. That's the point. No, I personally don't think GME is worth $1k. But under current conditions and factors going on, I would not be surprised if it does go that high. Two different things. Am I willing to or am in a position to take that risk? No, but that's me. Others may have a different circumstance, and that's fine.
I’m willing to bet there’s a digital shredding party at Robinhood, Melvin, etc.
They cancel their order for new harddrives.
Screen shot everything. Don't use mobile data use a VPN a open soft one
Call Hillary Clinton's goons to bleach bit everything and smash their BlackBerry devices with hammers
Louis: "Its ok if you want to skip to 8.04, its cool"
NO SIR. You've earned the full 35.20 at this point.
At this point I would rather like Louis be the official spoke person for WSB.
You're getting a lot of views from covering this. Godspeed Mr. Rossman you deserve it and then some
Thier is still over 100% short interest, they haven't covered much of anything.
Right. They tried during that stop. GME went from 500 to almost $100. Can bet your ass they played that dip and knew it was coming. But they still owe BIG
If they actually covered their short they would not be trying so hard to convince that they covered.
They have covered. They slammed it down when people couldn't buy and repositioned at a higher price point. They have the capital to hold that position for a long time so long as the price doesn't go up like this past week
@@WCKDTackett to the Moon
Hedge funds are going to make out great as they are buying GME while retailers think they're squeezing them. Eventually retail will take their huge profits they are holding and hedge funds will have huge downside to short.
I think its quite hilarious that the stock that made the big guys ask to stop the game is called gamestop
"this some bullshit" Needs to be a meme
I imagine a Khabib meme here "this is number one bullshit"
The fact that they are jacking the interest rate shows how it's all rigged
it makes me wonder if the clearing house is already getting fucked on the other side....with all those shorts coming due.
@@jonusjonus9271 Good point
@@primafacie5029 correct me if im wrong here. Citadel helps robinhood clear its shares to the Depository Trust and Clearing Corporation (DTCC). Citadel also just bailed out Melvin capital because they couldn't cover their shorts of GME. What is to stop Citadel from using robothood user's shares to cover Melvin's shorts (behind the scene)? After all, our share are just a number on the computer screen. That might also explain why central clearing wants 100% up front for any more shares. Maybe after they used up all the of citadel's GME stock and robinhood's user's GME stock they still needed more
@@jonusjonus9271 Might well be
@@jonusjonus9271 The clearing houses wanted the cash because they would be left holding the bag when the hedge funds go tits up.
Summary: Robinhood too broke to be a brokerage firm = move your assets elsewhere when able
They were always a terrible brokerage, but they had a niche market because they offered free trades and fractional shares, i.e. they were going after people who only had $100 to invest. Terrible execution and service is still good value if it is free. The pros and experienced investors/traders would never touch them. If you read their terms of service compared to other brokerages, you would run for the hills. Now that other retail brokerages cut their fees, there is literally no reason to use Robinhood. Robinhood's business model doesn't really even make sense any more. Other firms like Fidelity or Schwab are brokerage banks so they can provide trades for free while cross selling you mutual funds, advisory services, checking/savings accounts, credit cards, mortgages, etc. You know how they make their money. Robinhood sells your order flow. Either it is not profitable (in which case you should be a bit nervous about why you have all your money in a business that is bleeding cash) or you are getting ripped off on your trades (the profits come from scalping your trade).
Young hippy tech startups like them try to 'disrupt' the traditional platform by implementing 0 fees with a very risky business model. Such models are BS. Use Fidelity Investment instead. They are stable and not to mention their Magellan Fund use to be ran by legendary Peter Lynch.
@@tonyng9 damn right. also good luck with Robinhood IPO lol
i read that moving shares might take up to a few weeks, not sure if worth the risk but i am not a financial expert
*GOORGLE: WEEVIL.*
*ROBBINHOOD: WEHOODS.*
I'm also an engineer, and I am absolutely in agreement with your position on all of the corporate bollocks.
TH-cam has diamond hands and won't let go of the video so we can watch it!
I'll be honest. I started watching Louis for the commentary during repair videos. However, I find myself liking these social commentary videos way more along with the cat videos.
Game stock heading to 1000$ if. Retailers haven’t leveraged and bought delivery
32000$ ceiling 1000 is too low
$1k is too low you are looking at 10k per stock if everyone diamond hands possibly more the squeeze hasn't even been squeezed yet
Those are rookie numbers. Pump those numbers up. We're going to fucking Pluto.
This comment is regards to your older self help videos. I hope you see this and feel a little more stronger. I have discovered your interview on yahoo finance channel and was really impressed by your audacity and self confidence. Then I saw some comments and decided o look into your channel. I have watched the video where you explain the source of your productivity. I have adhd and I was struggling with productivity. I have tried your technique the same day i was productive like I was never before. Then I kept watching your other videos, I dont know how but you changed my whole perception with couple of videos. I will keep my promises and whenever I encounter with a problem I'm not gonna run away but ask myself what am I gonna do about it. Have an amazing life my guy, you deserve it.
I can't wait till this becomes a movie in a few years XD
Internet Historian first, Hollywood is literally hedge funds
The people need to make the movie, Hollywood would make wall street the hero’s
@@jameskim1505 Can't wait for that Internet Historian vid
'The Big Short Squeeze'
@@BWater-yq3jx title should be 'To The Fuckin Moon'
Bro, you’re quickly becoming one of my favorite TH-camrs. Got that real talk Seinfeld vibe.
New York !!!!
You’re 100% right.
I had a brokerage house they took my share.
To cover a short that the broker had.
The broker lost her job. That was 15 years ago in Canada.
Tbh the brokarage should be forced to pay you a % of the value of stock when they sold it against your will till the end of time.
@@Ussurin all organizations that participated in market manipulation should be dissolved and their assets distributed to charities.
@@denrimi Naa, it should just stay in the stock market and they shouldnt be allowed to sell. If they have to sell all of their stock they could hurt the market really badly. Also, if it was distribited to charities I feel like it would go to charities that end with the owners pockets stuffed.
@@jaalan7896 you can transfer securities without liquidating
@@denrimi Soooo, are you suggesting that they transfer all of their shares to different charities? Im a little confused as to how that would work though?
So eloquent and clear. You have helped me understand what's going on. My dad was head of securities at a bank years ago and when he retired bought and sold shares for fun and I never understood what the hell he did!
I can’t pay the rent on time this month I’ll be a week late
Oh do you have a money problem?
Nonono I’m not paying my rent right now so I have no money problem.
Cant you just pay the rent then?
No because then I would have a money problem.
....
Underrated comment
@Jim Allen gotta compensate for inflation, but other than that, yeah.