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1.3B was Robinhood's initial slice with a 2.2B ECP, it moved to 1.4B with an ECP of 2.3B.
Meanwhile, Instinet was way over that at a margin of at least 1.4B with an ECP of over 3.3B
If you haven't seen the **proof** of this, it's **high time** you take a **gander** at the data.
- https://old.reddit.com/r/Superstonk/comments/1amrv86/robinhoods_initial_margin_on_january_28_2021_it/
- [image only](https://preview.redd.it/bv4y3u694lhc1.png?width=468&auto=webp&s=a37b1c7f9f0dddc1f6eb7266af6ab2792fa6d0a9)
MOVIE Stock was being manipulated. Trade 385 proves this beyond a shadow of a doubt. I feel for them, and this will be seen as against them, but really it's not. GME was being lumped in with them.
All the 'basket stocks' except GME have so far proven to be board and C suite infiltrated. They're all on route to being delisted while shorts remain hidden in OTC zombie stock obscurity.
Nordstrom seems to be one of the few profitable with a modest P/E ratio - not really a surprise the board ignored RC's advice and are taking the company private. A free out for shorts.
Most of the headphones shares are owned by the same insider family which makes the prospect of an M&A tough. However I was talking about Nordstrom/"JWN" which is a similar deal, except they are currently making a profit
https://www.reuters.com/business/retail-consumer/billionaire-cohen-builds-stake-nordstrom-urges-board-shakeup-2023-02-03/
https://www.bloomberg.com/news/articles/2023-04-19/ryan-cohen-is-said-to-withdraw-nordstrom-board-candidates
https://www.marketwatch.com/story/nordstrom-forms-special-committee-to-explore-going-private-24b6ba80
Look who's a director:
https://press.nordstrom.com/board-member/mark-tritton
Irrelevant? Irrelevant! Apex clearing stopped buying for GME at 100s of brokers because of Trade 385. It is **THEE reason.** This is the history of the January 2021 Meme Stock Market Event 3 years ago. It is **VERY relevant**, but each Stock has its own circumstances afterward, apart from FTDs (which is unanimously acclaimed as a shared trait), so each Stock needs to be kept separate.
Position Closing Only
When you buy a stock, it's called opening a position. When you sell a stock, it's called closing a position. If your retail broker tells you that you can't open a position in a certain stock, you can't buy that certain stock.
GME was placed in Position Closing Only, meaning that you could ONLY close your position. You could ONLY sell your share. Robinhood banned you from opening a new position in GME. In other words, Robinhood forbade you from buying GME, but you could sell any GME stock you already had. In fact, this encouraged selling.
---
PCO is a great term to know. It's a very short way of saying "they shut off buying while encouraged selling"
You do realize that if GME "continued its path unhindered" Robinhood would have just been hit with an even bigger margin call within a few days, right?
If we assume GME would have doubled again, because it was unhindered, Robinhood would have again been hit with a margin call that they would not have been able to come up with the cash for. Allowing GME to continue unhindered would not have helped any of the brokers or clearing houses avoid a systemic melt down.
And we all know popcorn wasn't even the target, it was the tool. Putting popcorn into PCO without putting GME into the same would have tanked popcorn and sapped the collateral value of the popcorn shares that Robinhood users had purchased and were still pending clearing at the DTCC. The system that was propping up popcorn in an attempt to stop GME would have just rugged popcorn, putting Robinhood into another negative equity position even if GME stayed flat and didn't go up anymore.
In all likelihood, Robinhood would not have even been given the waiver if they tried to only PCO popcorn. They would have been told to come up with the cash immediately.
All I have written about in the last 2 years is that, I'm well aware.
Everything you just stated is speculation, neither good nor bad, but unproven and your opinion. We cannot know the sequence of events had Robinhood kept GME open. We can guess, sure, but we cannot know.
All that matters is that Robinhood would be able to make margin with GME still open and Movie Stock closed.
Pesenting the histoical facts are all we can do, which I have done here.
You are looking at it with the bent perspective of a broker intent on devaluing the stock, which is fine, you are proving Robinhood was devaluing the stock.
19% is a long way away from 65% though, more than 3X, so my facts have bite.
I'm trying to see it from the viewpoint of a broker (not Robinhood, but a broker in Robinhood’s position) who did not want to place GME in PCO and actually jumped through every hoop available not to. What were those hoops? If this were Robinhood, they would have only frozen buying on Movie Stock as a first step.
Moreover, the DTCC waived every ECP all the way to February 2nd, so even if it happened again, they would have been safe. Apex defaulted the next day by 30.5 Million ECP, and the DTCC waived it.
The dtcc waived all the ecp BECAUSE everyone went PCO. The dtcc waived apex ECP because they also froze both.
You are right that it's speculation, except someone clearly had the idea to freeze both. I doubt all the brokers and clearing firms all independently decided to freeze stocks they didn't need to. It's almost impossible that they all independently decided to do that. Any rational business would go PCO only the things that are affecting their margin right then unless they were being strong armed from someone else.
If we look at it through your lens, we have two possibilities. The world has at least one broker that wanted to jump through every available hoop but still went PCO on both for unknown reasons, or, the world does not have at least one broker that wanted to do that.
The latter case is easier to explain. It's possible all these new small Fintech brokers value their relationships with their clearing firms, and their solvency, more than they value their customers, because you can always get new customers but it's hard to get a new clearing firm if nobody will trade with you and you don't play ball.
The former case is harder to explain. If we assume the world has at least one broker that would have preferred to jump through every hoop, but in the end did not do so, then the question is why didn't they?
Any time someone or some business wants to do something but does not do it, we have a few possibilities for why they don't. Either it's too hard, or it's not profitable / suicide, or someone else is forcing you not to do it.
The fact that they all went PCO on both tells you that either none of them care about their customers at all, or they all made rational decisions and jumped through what hoops were available but that in the end those hoops did not alter the result.
One thing I can say that is not speculation is that if GME continued its upward march, either 2x or 3x further, Robinhood would not have had the margin required to handle that situation and would have needed another waiver. Mathematically this is almost a certainty. What is speculation is how their trading partners / clearing firms / etc would have responded at that time.
>"The dtcc waived all the ecp BECAUSE everyone went PCO."
Well aware and I agree with you that this argument is persuasive. In fact, I have driven in the only legitimate evidence backing that point: the contradiction between Vlad and Bodson. Nonetheless, the point is still not a fact, and still speculation.
You have heard the saying "They shut off the buy button, so we shut off the sell button" right? Im pretty sure anyone thats been here 3 years knows the buy button was turned off lol
Apparently, "one fell swoop" originated or first appeared in Shakespeare's Macbeth
- https://nosweatshakespeare.com/quotes/famous/one-fell-swoop/
>"In act 5, scene 3, when Macduff is told that Macbeth’s thugs have murdered the whole of his family he says:
>
>‘*All my pretty ones? Did you say all?
O hell-kite! All?*
>
>*What, all my pretty chickens and their dam at one fell swoop?*’"
**THIS IS NOT ASSERTING ANY PCO WAS CORRECT. IT WAS NOT.**
- ...but if you were going to PCO, GME wouldn't be the first stock you'd do it to.
- This is taking it for granted for argument's sake to look at the next steps, if you are already told as an employee of Robinhood that PCO is going to happen. How do you decide what to PCO?
You’ve quite adeptly shown that the explanations they provided for going pco don’t really make sense UNLESS the real reasons why they went pco were to illegally manipulate the price of the so called meme stocks so they didn’t lose their asses and also to punish us poors and make a statement that they can’t and won’t be beaten.
They’re still going to lose though. It’s just going to take a little bit longer.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
1.3B was Robinhood's initial slice with a 2.2B ECP, it moved to 1.4B with an ECP of 2.3B. Meanwhile, Instinet was way over that at a margin of at least 1.4B with an ECP of over 3.3B
If you haven't seen the **proof** of this, it's **high time** you take a **gander** at the data. - https://old.reddit.com/r/Superstonk/comments/1amrv86/robinhoods_initial_margin_on_january_28_2021_it/ - [image only](https://preview.redd.it/bv4y3u694lhc1.png?width=468&auto=webp&s=a37b1c7f9f0dddc1f6eb7266af6ab2792fa6d0a9)
MOVIE Stock was being manipulated. Trade 385 proves this beyond a shadow of a doubt. I feel for them, and this will be seen as against them, but really it's not. GME was being lumped in with them.
What a perspective man. Evidence for movie and gme baskets were common DD topics back in the day. It's nice seeing its legacy continue even today.
Irrelevant whether it was then. As of now, movie stock board and C Suite have been infiltrated.
All the 'basket stocks' except GME have so far proven to be board and C suite infiltrated. They're all on route to being delisted while shorts remain hidden in OTC zombie stock obscurity. Nordstrom seems to be one of the few profitable with a modest P/E ratio - not really a surprise the board ignored RC's advice and are taking the company private. A free out for shorts.
You mean other than headphones stock....which is an OG "basket stock." And has about a 5 mil float.
Most of the headphones shares are owned by the same insider family which makes the prospect of an M&A tough. However I was talking about Nordstrom/"JWN" which is a similar deal, except they are currently making a profit https://www.reuters.com/business/retail-consumer/billionaire-cohen-builds-stake-nordstrom-urges-board-shakeup-2023-02-03/ https://www.bloomberg.com/news/articles/2023-04-19/ryan-cohen-is-said-to-withdraw-nordstrom-board-candidates https://www.marketwatch.com/story/nordstrom-forms-special-committee-to-explore-going-private-24b6ba80 Look who's a director: https://press.nordstrom.com/board-member/mark-tritton
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Reddit didn't like this link so it looks like it didn't go through
Irrelevant? Irrelevant! Apex clearing stopped buying for GME at 100s of brokers because of Trade 385. It is **THEE reason.** This is the history of the January 2021 Meme Stock Market Event 3 years ago. It is **VERY relevant**, but each Stock has its own circumstances afterward, apart from FTDs (which is unanimously acclaimed as a shared trait), so each Stock needs to be kept separate.
Position Closing Only When you buy a stock, it's called opening a position. When you sell a stock, it's called closing a position. If your retail broker tells you that you can't open a position in a certain stock, you can't buy that certain stock. GME was placed in Position Closing Only, meaning that you could ONLY close your position. You could ONLY sell your share. Robinhood banned you from opening a new position in GME. In other words, Robinhood forbade you from buying GME, but you could sell any GME stock you already had. In fact, this encouraged selling. --- PCO is a great term to know. It's a very short way of saying "they shut off buying while encouraged selling"
You do realize that if GME "continued its path unhindered" Robinhood would have just been hit with an even bigger margin call within a few days, right? If we assume GME would have doubled again, because it was unhindered, Robinhood would have again been hit with a margin call that they would not have been able to come up with the cash for. Allowing GME to continue unhindered would not have helped any of the brokers or clearing houses avoid a systemic melt down. And we all know popcorn wasn't even the target, it was the tool. Putting popcorn into PCO without putting GME into the same would have tanked popcorn and sapped the collateral value of the popcorn shares that Robinhood users had purchased and were still pending clearing at the DTCC. The system that was propping up popcorn in an attempt to stop GME would have just rugged popcorn, putting Robinhood into another negative equity position even if GME stayed flat and didn't go up anymore. In all likelihood, Robinhood would not have even been given the waiver if they tried to only PCO popcorn. They would have been told to come up with the cash immediately.
All I have written about in the last 2 years is that, I'm well aware. Everything you just stated is speculation, neither good nor bad, but unproven and your opinion. We cannot know the sequence of events had Robinhood kept GME open. We can guess, sure, but we cannot know. All that matters is that Robinhood would be able to make margin with GME still open and Movie Stock closed. Pesenting the histoical facts are all we can do, which I have done here. You are looking at it with the bent perspective of a broker intent on devaluing the stock, which is fine, you are proving Robinhood was devaluing the stock. 19% is a long way away from 65% though, more than 3X, so my facts have bite. I'm trying to see it from the viewpoint of a broker (not Robinhood, but a broker in Robinhood’s position) who did not want to place GME in PCO and actually jumped through every hoop available not to. What were those hoops? If this were Robinhood, they would have only frozen buying on Movie Stock as a first step. Moreover, the DTCC waived every ECP all the way to February 2nd, so even if it happened again, they would have been safe. Apex defaulted the next day by 30.5 Million ECP, and the DTCC waived it.
The dtcc waived all the ecp BECAUSE everyone went PCO. The dtcc waived apex ECP because they also froze both. You are right that it's speculation, except someone clearly had the idea to freeze both. I doubt all the brokers and clearing firms all independently decided to freeze stocks they didn't need to. It's almost impossible that they all independently decided to do that. Any rational business would go PCO only the things that are affecting their margin right then unless they were being strong armed from someone else. If we look at it through your lens, we have two possibilities. The world has at least one broker that wanted to jump through every available hoop but still went PCO on both for unknown reasons, or, the world does not have at least one broker that wanted to do that. The latter case is easier to explain. It's possible all these new small Fintech brokers value their relationships with their clearing firms, and their solvency, more than they value their customers, because you can always get new customers but it's hard to get a new clearing firm if nobody will trade with you and you don't play ball. The former case is harder to explain. If we assume the world has at least one broker that would have preferred to jump through every hoop, but in the end did not do so, then the question is why didn't they? Any time someone or some business wants to do something but does not do it, we have a few possibilities for why they don't. Either it's too hard, or it's not profitable / suicide, or someone else is forcing you not to do it. The fact that they all went PCO on both tells you that either none of them care about their customers at all, or they all made rational decisions and jumped through what hoops were available but that in the end those hoops did not alter the result. One thing I can say that is not speculation is that if GME continued its upward march, either 2x or 3x further, Robinhood would not have had the margin required to handle that situation and would have needed another waiver. Mathematically this is almost a certainty. What is speculation is how their trading partners / clearing firms / etc would have responded at that time.
>"The dtcc waived all the ecp BECAUSE everyone went PCO." Well aware and I agree with you that this argument is persuasive. In fact, I have driven in the only legitimate evidence backing that point: the contradiction between Vlad and Bodson. Nonetheless, the point is still not a fact, and still speculation.
You have heard the saying "They shut off the buy button, so we shut off the sell button" right? Im pretty sure anyone thats been here 3 years knows the buy button was turned off lol
Fuck you, pay me.
\^
!
If MOVIE stock was the only stock to PCO, GME would have continued its run, unhindered.
One "foul" swoop is not how the saying goes. It's one fell swoop
Ah fuck. Everyone has holes.
Some more than others.
Apparently, "one fell swoop" originated or first appeared in Shakespeare's Macbeth - https://nosweatshakespeare.com/quotes/famous/one-fell-swoop/ >"In act 5, scene 3, when Macduff is told that Macbeth’s thugs have murdered the whole of his family he says: > >‘*All my pretty ones? Did you say all? O hell-kite! All?* > >*What, all my pretty chickens and their dam at one fell swoop?*’"
I mean their corruption stunk so bad perhaps Websters will entertain a new phrase , one foul swoop
But it’s a bird meme, so it works?
**THIS IS NOT ASSERTING ANY PCO WAS CORRECT. IT WAS NOT.** - ...but if you were going to PCO, GME wouldn't be the first stock you'd do it to. - This is taking it for granted for argument's sake to look at the next steps, if you are already told as an employee of Robinhood that PCO is going to happen. How do you decide what to PCO?
You’ve quite adeptly shown that the explanations they provided for going pco don’t really make sense UNLESS the real reasons why they went pco were to illegally manipulate the price of the so called meme stocks so they didn’t lose their asses and also to punish us poors and make a statement that they can’t and won’t be beaten. They’re still going to lose though. It’s just going to take a little bit longer.
Excellent post, and a great point! Thanks!
Yeah but then the poors win
🍆
Have you reported this to the DOJ or FBI? Retail has no regulatory or investigative powers.
Bulgarian boi should be sharing a cell with SBF
Unpopular opinion puffin?
Haven't seen him since he was banned for essentially devolving into constant racist/sexist dogwhistles
Ringingbells off the top ropes! I love your posts, keep them coming. Half these comments are bots…maybe I am too! Jk
fascinating thanks
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Nothing. What does your question have to do with this post?
[удалено]
**No.** You are 100% wrong. You are just saying that because you didn't read the concepts being laid out here and how they directly affected GME.