On the morning of January 28th, calculated market manipulation has taken place. Brokerages, Hedge funds, and private equity firms have played their hands in manipulation. The most obvious is the large group of brokerages that have obstructed trading from “meme” stocks.
This obstruction has caused an obvious example of manipulation through lack of access. All “meme” stocks have taken a hit due to the brokerage action. Most specifically, GME, AMC, NOK, and BB, among others.
Much legal action has been filed with the brokerages. Most specifically, Robinhood may see the brunt of the legal action. As for the “meme” stocks, we will see how this drama impacts performance.
Will we see a jump in “meme” stocks once the restrictions are lifted?
This is what the wealth class manipulating the market looks like to stop the working class from making money.
— Frederick Joseph (@FredTJoseph) January 28, 2021
I own $amc $nok $nakd. I bought them with the understanding we live in a free market where people can buy and sell stocks fair and square and at their own risk. I will hold them till the death as a reminder that @RobinhoodApp founders must go to prison
— Dave Portnoy (@stoolpresidente) January 28, 2021