Mobile brokerage firm Robinhood is essentially “shooting itself in the foot” by blocking its users from purchasing stocks of companies such as GameStop that were soaring in value after individual investors banded together to squeeze Wall Street hedge funds, according to analyst Charles Mizrahi—host of “The Charles Mizrahi Show” and creator of the Alpha Investor…
Robinhood ‘Shooting Itself in the Foot’ by Removing GameStop Stock: Analyst
Robinhood CEO Denies ‘Conspiracy Theory’ That Hedge Funds Pushed GameStop Trading Halt
Robinhood CEO Vlad Tenev on Jan. 29 pushed back against the “conspiracy theory” that hedge funds prompted the mobile brokerage company’s decision to restrict users from purchasing shares in GameStop. Members of Congress have in recent days called for an investigation into whether there was collusion by hedge funds and platforms like Robinhood, after purchases…
Video: Jeff Carlson Explains the GameStop Short Squeeze and Why Government Should Not Intervene
Recently, small investors organized online to buy large amounts of GameStop stock and caused billions in losses to Wall Street hedge funds looking to short that stock and benefit from its declining price. GameStop had been sinking for years. But in January of this year, prices soared to over $300 a share. On January 28,…
GameStop Is Not the Revenge on Wall Street
Commentary The short squeeze forced on GameStop and other stocks through Reddit’s WallStreetBets has generated a massive media frenzy against hedge funds and comments all over social media hailing the decision of a group of small investors to trigger a huge repurchase of a beaten-down stock. The first thing we need to understand is that…
American Elites Seek to Rig the Game
Commentary In the aftermath of the disgraceful Jan. 6 riot at the U.S. Capitol, the American ruling class has flexed its muscles like never before. Big Tech oligarchs moved in unison to kneecap upstart Parler, a would-be Twitter competitor, and ban former President Donald Trump and scores of other conservatives. Simon & Schuster, one of…
Analyst: In GameStop Battle, ‘The Little Guy Has Been Winning’
Smaller investors have been winning in the battle with Wall Street over GameStop, according to a financial analyst. “The generic backdrop to all this is kind of a little guy against the big [Wall] Street firms. And, in this case, the little guy has been winning,” analyst Jeff Carlson told The Epoch Times’ “American Thought…
UK Platform IG Stops New Trades of GameStop and AMC
A British trading platform on Saturday announced it will block new trades of two U.S. stocks, GameStop and AMC Entertainment. “Due to extreme volatility, and to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment,” IG Group said…
The Big Short 2.0—Crushing the Little Guy
Commentary Populism investing is here in a very big way, and Wall Street is not happy about it. What happened? Gaming GameStop Hedge funds have been heavily shorting GameStop (GME) stock this month. That means that they believed GME would fall in price. Savvy hedge fund managers at Melvin Capital and other Wall Street money…
Stimulus Checks Helped Fuel GameStop Stock Surge: Billionaire Gundlach
The latest round of stimulus checks led to GameStop stock surging, according to a money manager. “I think wherewithal from governmental stimulus ultimately is really the cause,” Jeffrey Gundlach, a billionaire bond-fund manager, said during an appearance on Fox Business. Congress passed and then-President Donald Trump signed late last year a fresh CCP virus relief…
GameStop Soars Again; Wall Street Bends Under the Pressure
Another bout of selling gripped the U.S. stock market Friday, as anxiety mounts over whether the frenzy behind a swift, meteoric rise in GameStop and a handful of other stocks will damage Wall Street overall. The S&P 500 dropped 1.9 percent, giving the benchmark index its biggest weekly loss since October. The Dow Jones Industrial…
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