How will the brutal joy end? This article is from the WeChat official account:Sixingren (ID: guixingren123) author: Juny, edit: Vicky Xiao, the original title: “reversal come? Institutional brokers joined forces to “pull the network cable” to encircle retail investors, WSB is facing closure, but retail investors are still fighting”, head picture from: Visual China

In the past two days, the ever-fermenting Game Stop skyrocketing event has attracted global attention.

Silicon Stars are on the front line, and they can be regarded as smelling the wind direction of the “leeks” sounding the battle horn earlier, and they shared the battle situation with everyone as soon as this Monday.

But what should surprise many people is that what was thought to be a short-lived “Leek Counterattack” has been fought for such a long time, with such a strong combat power and such a powerful influence. Not only did it attract celebrities and large institutions such as Musk to participate, the war also spread all the way to other stocks, such as AMC, BlackBerry, etc., and even triggered an international squeeze.

But what many people still didn’t expect was that after the peak of the battle that retail investors had won in the past two days, Today, the institutions officially launched the “encirclement and suppression campaign”, but the use was unexpected. Way:

The major brokerage trading platforms represented by Robinhood have suspended the trading of skyrocketing stocks. The skyrocketing stock codes such as Game Stop, AMC, and BlackBerry once disappeared out of thin air on these trading platforms. The main battlefield Wallstreetbets forum is also facing difficulties. Standing risk, all popular stocks have plummeted.

The popular congressman AOC once commented on the Game Stop skyrocketing incident on Twitter, saying that “Wall Street, who is used to betting, is complaining that members of a comment forum use the stock market as a casino”, but she did not expect it. , Next, someone turned the table directly.

Retail investors are working together, and a number of stocks rise to the sky

It is rare for brokers to suspend individual stock trading. The main reason for this is that the war was too fast and too fierce, and the situation was once out of control.

I thought Game Stop’s surge on Monday was already the peak of the battle, but I didn’t expect it to be just an appetizer. From January 26th to January 27th, US time, Game Stop’s stock price soared by more than 200% in both days, and its stock price soared from more than $70 on Monday to a maximum of $467.5.

The skyrocketing growth of Game Stop has spurred the blood of retail investors all over the world. Everyone rolled up their sleeves and rushed into the magical forum of Wallsteetbets to see who is the next Game Stop. This also drove other popular stocks on Wallstreetbets to buck the trend. Soaring, of which AMC rose more than 300% on January 27.

Intraday gains of popular stocks on Wallstreetbets on January 27

Someone jokingly said that a brand-new FANG has appeared. These companies do not have the sweatshops of capitalists or capitalists. They represent the people.

New Fang summarized by netizens, the picture comes from the Internet

Musk, who is on the “eating melon front line”, also tweeted one after another, first reposting the discussion posts on the Wallstreetbets forum to help retail investors. Later, he even published an article saying, If GME’s stock price reaches $1,000, it will post the Game Stop logo on his next rocket and send it to space. In this way, it has truly realized the wishes of the friends in the sky.

Chamath Palihapitiya, a well-known Silicon Valley investor, also joined the battle. Not only did he publicly claim to be involved in long Game Stop on Tuesday, he also fought CNBC on TV as a “retail spokesperson” yesterday, criticizing Wall Street for relying on information superiority and mutual cooperation. Monopolize the investment market, claiming that the rights of retail investors should be defended and the open and transparent discussion mechanism established by retail investors should be respected.

Since the people of Silicon Stars listened to the entire debate, they had to say that Chamath’s speech was indeed logical, well-founded, and convincing. This made CNBC, who wanted to wipe out the arrogance of retail investors at that time, temporarily suffocated it, but instead contributed to the momentum of retail investors.

Seeing that the retail investors in the United States are “raising”, and other retail investors around the world can’t sit still. The short-squeeze effect of many stocks on Wallstreetbets quickly spread from U.S. stocks to other stock markets and commodity markets around the world. Everyone is gearing up to fight short-term institutions.

Digital goodsDogecoin (Dogecoin) has become a new target for retail investors, and it rose by more than 130% in the intraday trading on Thursday. At the same time, the silver, which is also short-collected, is also targeted, and the price of silver will also be pulled from $25 to $1,000. The silver ETF SLV also rose by more than 6% on Thursday morning.

Netizens call for a boost in silver and the skyrocketing Dogecoin

The investment sentiment of retail investors has indeed caused great damage to institutions. Melvin Capital(Melvin Capital ) Because of shorting GameStop, it almost went bankrupt and was forced to seek external financial assistance.Hedge fund giants Citadel and Point72 Asset Management invested a total of US$2.75 billion in it to stabilize Melvin Capital’s operations.

Later, netizens on Reddit jokingly suggested that GameStop should directly acquire Melvin Capital in return for being short-selling. The head of retail accounts, the Reddit netizen with the ID “DeepFxxingValue”(DFV), even revealed his account balance, which went from $53,000 , Soaring directly to nearly 50 million US dollars.

In response to this situation, many platforms began to send messages on Wednesday night to remind investors to stabilize their emotions and avoid following the trend.

Some platforms have begun to remind investors to pay attention to the short squeeze market. The pictures are from the Internet.

The big turning point: the major platforms represented by Robinhood join forces to encircle and suppress

Just as retail investors are happy for their stocks to soar and cheer for their success in repelling Wall Street’s short selling, no one can think that “unplugging the network cable” has become the next step.

First of all, after the US stock market on Wednesday, Game Stop, AMC, BlackBerry and other popular stocks began to plummet, and AMC once exceeded 100% after the market. As retail investors can’t participate in after-hours trading, everyone sees it shockingly. Many people think that this is because institutions deliberately engage in after-hours trading, in order to scare off those who want to continue to enter the market.

And what is shocking is that on Thursday, the major platforms showed their killer moves-banning transactions.

Robinhood, the most popular online brokerage trading platform for retail investors, has now banned the purchase of popular stocks such as Game Stop, AMC, Nokia, Bed Bath&beyond, and Goss Electronics. For those who already hold relevant stocks, only Choosing to sell, also increased the margin requirements of certain securities, almost all the stocks on the Wallstreetbets list.

In addition to Robinhood, Interactive

Faced with the writing of institutional platforms, retail investors will naturally not just look at them.

First, I went to Wikipedia and changed the introduction of Robinhood, saying that the platform was controlled by powerful forces. Their forced closing of transactions on January 28, 2021 completely stood on the opposite side of ordinary Americans and called on everyone. Resist together.

Although the entry was quickly revised, the editing function of Wikipedia has been temporarily closed.

Netizens modify Robinhood’s introduction on Wikipedia, the picture comes from the Internet

Next, the retail investors drafted a petition non-stop and took Robinhood to court. Alleged that it “intentionally and deliberately manipulated the market for the benefit of non-Robinhood customers and financial intuition,” and demanded that the trading of these stocks be immediately resumed and compensation.

Many people have given their own speculations about the direct “unplugging of retail network cables” by platforms such as Robinhood, and many of them think that the platform is linking up with the funders’ father hedge funds.

Justin Kan, the co-founder of Twitch, the largest game live broadcast platform in the United States, also tweeted one after another that he learned that before Robinhood closed the Game Stop transaction, hedge fund giant Citadel bought a large number of empty orders, saying that if this is true, They should be sent to prison.

Twitch co-founder issued a post questioning Robinhood’s approach

An anonymous revelation on Reddit who claimed to be an employee of Robinhood claimed that Robinhood immediately restricted the transaction after receiving a call from Sequoia Capital and the White House. This means that this approach is the joint harvest and the exchange of interests of the powerful class. Justin Kan bluntly said that this is already a class war. However, the authenticity of the post cannot be verified at present.

On Wednesday, the White House and the Federal Securities and Exchange Commission (SEC) also issued a statement saying they are paying close attention to anomalies in the stock market. Next, regulators may also start investigating whether there are behind-the-scenes speculation on forums such as Reddit, and selling arbitrage.

Wallstreetbets is facing a standstill, members rise up to fight

In addition to being restricted from trading, the situation of Wallstreetbets, the main belief position of retail investors, is currently on thin ice.

On Wednesday evening, The Discord forum partition server, which gathered 260,000 Wallstreetbets members, was blocked. The reason given by Discord was that members had repeatedly violated the platform’s anti-hate speech policy, and repeated warnings to no avail. And said that the decision to close the station has nothing to do with Game Stop-related stock speculation. The main Wallstreetbets website on Reddit was also set as a private section for one hour, and then resumed publicly.

But the morale of Wallstreetbets members was not diminished. After Discord was shut down, the administrator on the Reddit forum posted a public post stating that although Discord has become a victim, the significance of Wallstreetbets’ existence cannot be obliterated. For a time, the group was indignant and the crusades were everywhere . On Thursday morning, Discord, who was under pressure, stated that they had begun to assist Wallstreetbets to re-establish a server on the platform and welcomed the team members back.

At present, the members of the Wallstreetbets group on Reddit have also surged from 2.1 million on Monday to 5.1 million. Everyone is passionate and is about to fight Robinhood, hedge funds and Wall Street to the end. The DFV mentioned above directly lost more than 10 million US dollars on the book, but followers all said, “if he is still on, I’m still in.”

They chanted that people are swords and I am fish, everyone must unite and not be intimidated by powerful forces.

Picture from Wallstreetbets Forum

Retail investors also launched a call for everyone to sell a lot in Robinhood’s next IPO.

The picture is from Twitter

Wallstreetbets stores are also booming across the board, and supporters flock in.

Wallstreetbets’ online store

Many people have also initiated petitions on various public fundraising platforms, urging everyone to delete Robinhood, or raise funds to file a class action lawsuit against it.

Such an exciting mass incident seems to have just happened in the United States not long ago. The last time it ended with a complete blockade of technology platforms and Trump’s low-key departure. This time, invisible smoke of gunpowder filled the entire capital market. I wonder how it will end in the end?

The long-divided American people have shown unprecedented unity in this matter. Even some members of the Democratic and Republican parties have reached an agreement on this matter: Why not, come to a public hearing.

This article is from WeChat official account:Sixingren (ID: guixingren123)< span class = "text-remarks">, author: Juny