you know they are panicking when Buffet disses on retail traders, they can't keep holding these stocks down

Robinhood hits back at Buffett for retail trading comments

BY Reuters

— 8:57 AM ET 05/03/2021

(Reuters) - Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.

Speaking at Berkshire Hathaway Inc's ( BRK/A

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) annual meeting, Buffett said Robinhood has attracted, "maybe set out to attract," a large number of people who are just gambling on short-term price movements. Buffett's long-time business partner, Charlie Munger, was more harsh, saying it was "deeply wrong".

"If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing," said a blog post https://robinhood.engineering/the-old-guard-of-investing-is-at-it-again-a8b870fbfd49 on Robinhood's website by its Head of Public Policy Communications Jacqueline Ortiz Ramsay published on Monday.

"And at Robinhood, we're not going to sit back while they disparage everyday people for taking control of their financial lives."

In a statement published by CNBC, Robinhood said that there is an "old guard that doesn't want average Americans to have a seat at the Wall Street table so they will resort to insults. The future is diverse, more educated and propelled by engaging technologies that have the power to equalize."

At the meeting, Buffett said: "There is nothing illegal to it, there's nothing immoral, but I don't think you build a society around people doing it," he said.

Munger's comment was: "It's just god-awful that something like that would draw investment from civilized man and decent citizens," he said. "It's deeply wrong. We don't want to make our money selling things that are bad for people."

Brokers like Robinhood Financial have attracted controversy this year as traders drove huge rallies in shares of video game retailer GameStop Corp ( GME

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), movie theater chain AMC Entertainment Holdings Inc ( AMC

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) and other companies despite no fundamental reason for the frenzy.

(Reporting by Shubham Kalia in Bengaluru; additional reporting by John McCrank; writing by Megan Davies; editing by David Evans)

https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=AMC&storyid=202105030857RTRSNEWSCOMBINED_KBN2CK0YP-OUSBS_1

>>13571357

Analysis: New meme stocks swing as shorts and retail investors face off again…

With the precedent of Melvin Capital in mind, we suspect that the long/short community started to trim bearish bets as soon as they sniffed a potential comeback from the Reddit crowd," Vanda's analysts wrote.

MicroVision ( MVIS ), which traded below $1 as recently as June 2020, is up 210% since short seller Hindenburg Research said it was betting against the company's stock on Dec. 22, illustrating the potential dangers bearish investors face when positioning against meme stocks. Hindenburg Research did not respond to requests for comment.

"Right now you can have a perfectly logical reason to short a stock and still take a terrible beating if a group of small traders pull together to push the stock in the other direction," said Phippskek

Graphic: Wild ride - https://fingfx.thomsonreuters.com/gfx/mkt/ygdpzlxqrpw/Pasted%20image%201619724346615.png

WATCHING WSB

Carson Block, founder of short seller Muddy Waters Research, said he keeps a keen eye on online chatter and forums such as WallStreetBets, where users often attempt to coordinate their buying in stocks they believe are short-squeeze candidates.

"We are now watching closely," said Block.

Block said he is now more focused on technical aspects such as companies where a high percentage of stock is owned by insiders and institutional investors that are unlikely to sell the shares.

Whether the stars will align anytime soon for another move on the scale of GameStop's ( GME) remains to be seen. That stock had a combination of short interest that peaked at about 145% of the float, according to S3 Partners data, a massive following among retail investors and institutions happy to jump in on the shares' wild ride.

Investors are "looking for history possibly to repeat or looking for stocks that are going to go parabolic," said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. However, "GameStop ( GME) was such an outlier in price moves that (it) is difficult for that to happen again."

There are signs, however, that broader trading activity among retail investors may be picking up.

In the latest week, there was $700 million in net retail buying of large-cap companies tracked by JPMorgan, compared with $500 million in the previous period, the bank said in a report issued on Wednesday.

Vanda Research said purchases of single stocks by retail investors have ticked higher, though they remain much lower than in previous months. Meanwhile, buying of exchange-traded funds by retail investors fell earlier in the week to its lowest levels since late last year, a potential sign they may be ready to take on more risk, the firm said.

https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=AMC&pageno=&storyid=202104301327RTRSNEWSCOMBINED_KBN2CH2C3-OUSBS_1&provider=RTRSNEWS&product=COMBINED&sb=1&sc=1&san=1

>>13571132

so true, but the connection in the back of the neck is just like jar people in the The Matrix

head jack is what they called it in the movie

>>13570954

Remember the movie "Multiplicity" each of his clones got stupider and stupider, that's what is going on now……kek

From Wikipedia, the free encyclopedia

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Multiplicity

Multiplictiy (film) poster.jpg

Theatrical release poster

Directed by Harold Ramis

Produced by

Trevor Albert

Harold Ramis

Screenplay by

Chris Miller

Mary Hale

Story by Chris Miller (story writer)

Based on "Multiplicity"

by Chris Miller

Starring

Michael Keaton

Andie MacDowell

Harris Yulin

Richard Masur

Music by George Fenton

Cinematography László Kovács

Edited by Craig Herring

Pembroke J. Herring

Production

company

Columbia Pictures

Distributed by Sony Pictures Releasing

Release date

July 17, 1996

Running time

117 minutes

Language English

Budget $45 million[1]

Box office $21,075,014[1]

Multiplicity is a 1996 American science fiction comedy film starring Michael Keaton and Andie MacDowell about a man able to duplicate himself by machine, each duplicate developing a different personality, causing problems. It was based on Chris Miller's short story 'Multiplicity', published in National Lampoon magazine, Spring 1993.[citation needed] The film was co-produced and directed by Harold Ramis. The original music score was composed by George Fenton.

The film was released July 17, 1996. It received mixed reviews from critics, and grossed a worldwide total of $21 million at the box office, significantly less than its $45 million budget.

>>13570973

event though this site is fan fiction, it's not bad writing and interesting

>>13571049

Wow, that's just nonsense, they are probably mad that black people have woken up to their lies and stealing, and overall nothing about black people, and Trump did it, that's why they want him silenced