Yeah, and that transparency is kind of what I'd love to see... at least I think so. There used to be a time when the shorts were the good guys. lol. Everybody gets their turn, I guess. There are hedge funds that have probably dumped most of their shares, but there are some that probably also recently jumped on both sides in this to make money. There's algorithmic big money trading going on making money every second on GME every day now based upon WSB trading. I want to know who it is. lol.
So... If maybe 1/2+ clients leave Robinhood the new short list/fun volitale moves would be what Robinhood is blocking/adding limits on. Perfect!! Unfortunately I'm sure it won't work that easily.
So when Tilman bought the startup I worked for, he made us sign an agreement that we couldn’t sell our stock for a year. We watched our stock go from $15 a share to 30 cents during that time. Did that ****er short us? I was the 14th employee in the company and watched quite a bit of money go to ****.
It would be cool to know which whale(s) is long on GME. Clearly it's not tiny retail accounts holding up the price. Big boys are definitely in it. No one turns down an opportunity to make money, especially when they can hide behind this feel good story.
I believe ibkr in usa has "zero commission" accounts that sells order follow to virt/citadel like Robinhood, and fee based accounts that don't. I have a "pro" account on tiered pricing cos international users don't have a choice anyway. There's a $10 minimum monthly commission fee that gets charged if u don't rack up commissions; but I easily incur that much every month. Fees are reasonable compared to my local brokers, like 35 cents for 100 share trade, higher for more shares and higher for options. There's also data feed fees which cost a few dollars a month. Their mobile app is kinda ****, desktop app is ok but frustrates me that they do a bad job of calculating daily pnl. I have less choices here, ibkr ain't perfect, but from what I read 1000x better than robbinghood.
Was this on wtrh? And in 2019? https://whalewisdomalpha.com/waitr-insiders-buy-but-friendly-bear-hates-wtrh/ Short interest definitely spiked... But if he were to have done it he'd have to have done it under the table (unless I missed something - normally owner/high exec can only buy/sell the stock without use of insider information) or receive performance based incentives stocks/options as payouts for a company doing better than expected. Anyway, I'm pretty sure the short interest grew from the rapid price increase/competition. With that said - I think with the purchase he'd be more interested in having his investment grow. But I wouldn't put it out of the realm of possibility to have an owner place hedge bets using a non-related person if they knew the stock/company was likely dropping.. I'm not saying he did though. But with the sec I think they're only catching a fraction of insider trading.
Companies like BlackRock, Vanguard, RC, etc. are all in it, but many of them have been in there for months or years. I don't know who added to their positions recently. One huge sale was some Korean investment company (can't remember the name -- I'd have to look it up) sold their entire position (something like 5 million shares? I don't recall.) yesterday, I think. They were one of the top 10 holders. BlackRock sold a chunk the other day, too. Chamath bought that $200k of options or whatever and then sold it and donated it to charity, I think.
That was the company. And the failure of the company was the acquisition of Bitesquad. But it was still insane to see us fall so fast, while the employees were locked in that stock agreement. Anyways, I’m at a new startup that’s killing it so that’s water under the bridge.
