7 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

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