13 thoughts on “Is turnabout fair play?

  1. Quicksand says:

    “20-year-old Alex Kearns took his own life last June mistakenly believing he’d lost nearly $750,000 in a risky bet on Robinhood, the stock-trading app where he started trading as a teenager.
    His parents plan to file a lawsuit, first obtained by CBS News, on Monday accusing Robinhood of wrongful death, negligent infliction of emotional distress and unfair business practices.
    While the company’s stated mission is to stand up for the little guy and “democratize finance,” Alex’s mother and father say in the lawsuit that Robinhood targeted young and inexperienced customers, then pushed them to engage in risky trading practices. And when those investors needed help – as Alex did the day he died – Robinhood provided no “meaningful customer support,” the suit says.” https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/

  2. Keepsies says:

    (03:45 PM ET 02/18/202): GameStop showed the true value of a loss-cutting sell rule, as shares lopped off another 5% to trade as low as 43.22. That represents a 91% free fall from its wallstreetbets brigade-juiced all-time high of 483. https://www.investors.com/market-trend/stock-market-today/gamestop-falls-91-percent-from-2021-peak-dow-jones-cuts-losses-growth-stocks-break-out/
    Loss-cutting sell rule: https://www.investors.com/how-to-invest/investors-corner/still-the-no-1-rule-for-stock-investors-always-cut-your-losses-short/

  3. p/s says:

    Keith Gill (AKA: Roaring Kitty” and “DeepF***ingValue), who spent half a year making videos and ‘sharing information about investing’, was sued Wednesday in federal district court in Massachusetts for his alleged role in manipulating the stock prices of GameStop. https://www.enterprisenews.com/story/business/finance/2021/02/18/keith-gill-gamestop-gme-stock-market-shares-reddit-iovin-lawsuit-class-action-damages-mass-mutual/6784673002/
    Class action complaint: https://drive.google.com/file/d/1OhIPS4faBrjXX0JhiRm2FhxFSCTLLo5V/view

  4. Keepsies says:

    “Gamestop Corp (GME.N) chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year’s furious meme stock rally, compensation experts said.
    …Other GameStop employees will not share in Sherman’s windfall. The retailer has been shuttering hundreds of stores, according to securities disclosures.” https://www.reuters.com/technology/how-sweetheart-deal-gives-gamestop-ceo-179-mln-goodbye-gift-2021-04-21/

    • 3Card Monte says:

      E-Waste, a shell company linked to a nearly $100 million company that owns just one New Jersey deli, announced Tuesday it will enter into a reverse merger with a privately held electric vehicle corporation called EZRAider Global Inc.
      E-Waste, which itself has a sky-high market capitalization of $110 million despite having no business operations, had been marketed along with deli company Hometown International for such a reverse merger or similar transaction. https://www.cnbc.com/2021/06/01/e-waste-company-linked-to-new-jersey-deli-announces-reverse-merger.html
      But wait, there’s more – read the small print in E-Waste’s filing Tuesday with the SEC that details the series of transactions that will underlay its reverse merger with EZRaider.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.