Ferdose al-Taie, former SEC enforcement division senior counsel, joins 'Squawk Box' to discuss the fallout from Roaring Kitty's livestream, what regulators may be looking at when it comes to trades in GameStop shares, and more.
Do you mean The King of Shitdale 🤴 ? I noticed the bandaids on his cheeks. There is one of Buzz Lightyear, To Infinity and Beyond. Who has a huge position in Disney.? Mr. Ken Griffin of Citadel. He once loaded a few billion to Melvin Capitol. You know his poster child Gabe Plotkin. They could Stop Gamestop because GME Stomped him out...🤑🤑🤑
That is a great point and the answer is Wall Cheat Elites will do what they want. The Game Will Stomp on them soon ask 'The Joker ".. Chill With Keith Gill".
They were also silent when Maxine Waters had ties to former FTX owner, SBF. 🤔 Makes you wonder why she or anyone SBF invested in weren't investigated 🤷🏾♂️
Because it's ok when they manipulate the market and create every kind of bubble. How else would palantir and these otherwise useless company darlings be viable, when they don't provide any good service for your typical consumer which subsidize their likes through government contracts?
Bro, they take our money for breakfast, lunch and dinner… Yeah, they don’t like meme stocks, where we can make an exorbitant amount of money like they do this is ridiculous that Leidy needs to go get a haircut and go to the gym
You guys couldn’t see how GME stock was being manipulated whilst he was speaking? Oh yeah a guy in his home office is responsible for manipulating the market. They are afraid that the ordinary investor will win. This is not about bag holders, it’s about wall st manipulating stock prices people’s savings and pensions
A big difference, they are committing fraud, embezzlement, insider trading, theft, etc. The mere fact that they are not jailed shows that the system is run by criminals... and they are very upset someone beat them at their own corrupt game and didn't even do anything corrupt. Remember, all media is psychopathic. It's just morons and criminals pushing their BS onto society.
Difference is that Keith Gill is, and always has been, bullish on GameStop and presented his thesis as to why... those shucks you mentioned will say whatever lines their pockets with the viewers money the quickest.
They are looking in the wrong direction. The market halted every time he talked about his position and solo investing. He answered every question without influencing the market. How can you have +420 mil OBV, and the stock goes down $0%. Everything trade was held and sent to dark pools. off the lit exchanges, hence the problem
What these folks don't realize, if roaring kitty disappears like they all want - there's still the same movement, with the same momentum, and the same values in the market. Feel free to argue with that statement, but at the time of his Livestream, volume was off the charts by miles, people bought an insane amount, and the stock was down wildly. Showing two things - people are buying because hes not the only one who likes the stock, and also the fact he didnt influence the market as it was going down rapidly. But hey, keep it going down because i enjoy moon coupons.
DFV did disappear for 3+ years. And guess what. The apes who started buying and holding and DRSing are STILL here. Even though many have -50% or worse Unrealized Loss. : )
Hey, CNBC. My suspicions that you're just mouthpieces for corporate interests are unlikely to go away, but if you actually put in more effort informing the public of what is really going on, maybe you'll have a chance at remaining relevant to younger generations. You are supposed to be JOURNALISTS, not influencers for special interests. If anyone in your organization has a spine and integrity, then do your own investigation regarding - why GameStop was halted so many times during Roaring Kitty's stream - why halts almost always cause a stock to tank - why this retail investing phenomenon is actually so popular - what naked short selling is - what dark pools are ...the list goes on. If you like the idea of retail getting involved in trading, then help them get informed with what goes on behind the scenes with their money and shares. However, I doubt anyone at CNBC will give this story an honest look, and I'm just talking to a wall.
Why no talk about the stock being manipulated while RK was talking in real time?🤔 like who was polishing the price down massively while he spoke? No? Nothing? Hmmm..
GME got halted by NYSE last time when it was up to 63€ until it fell 60%. No buying AND selling was possible. They try to save the normal folks from making money 🙏🏻😒
He needs to invoke his equal protection clause of the 14th amendment and simply say "if Jim Cramer can suggest stocks that he likes under the freedom of speech rights,,,, he can do it also.
The guy is a financial advisor and he knows what he is doing. He is not doing anything illegal. Going after him is the stuff of criminal acts. Trying to spin this anything but, is shameful...
SEC regulators are made of the same people who run the banks. This woman and her staff have no grounds nor credibility to shut down RK. It's about time we taught them a lesson!
"We don't want retail investors holding the bag". The SEC has done nothing for retail investors of MMTLP and the U3 halt forcing everyone into NextBridge Hydrocarbons and short positions are still open well over a year. Hey, SEC, want to level the playing field in "the game"? How about dealing with darkpool abuse by large fund managers, short interest trading volume, short interest reporting, naked shorting, and Payment for order flows? You could make the American stock market world class but you inaction speaks in volume.
All the corruption going on in the dark pools and you targeting roaring Kitty. What a joke? Look at your hedge funds. Talk about a distraction for the hedge funds. So disgusting
Hedgies are now writing their own articles claiming Kitty is taking people to fantasyland. Isn't that on the same level as Keith simply stating which stock he likes?
What even defines a meme stock? Why can’t we just like the stocks we buy because an arbitrary reason, and not be questioned? Why should anyone have to justify why they think a stock is a good investment? If I see lots of people buying a stock, I might be inclined to buy also as many people have faith. Every stock is a meme stock in this case.
Roaring kitty requires the participation of the public in order for him to transfer their wealth to himself. Nothing has changed. The public is all about giving their money away.
Just goes to show how those with extraordinary power and wealth are always corrupted in the end, if not from the start. Just a status quo that doesn’t like getting forced to defend their hypocrisy publicly.
I have been securities licensed since 1987 and have worked at a few WallStreet firms through the years. WallStreet has always left retail investors holding the bag. Who’s kidding who? I love seeing short sellers get crushed, and that’s who is behind all of this extra scrutiny on Roaring Kitty from the SEC. There is nothing there except some short sellers crying about losing money. Good!!
The SEC should investigate market makers, all Brokerage Firms and some CEO’s stealing from and manipulating shareholder investments - Adam Aron at AMC is one of the worst and the SEC already knows it. Why are they not doing anything about him?
Remember that time citadel and robinhood chatted before they shut off the buy button the same time they got wallstreeetbets locked. They lied under oath then the sec did nothing. Good times
1 question, why is all the media talking about game stop and amc so much? If they are so crappy stocks why are they getting so much attention? No one talks this much about some thing that’s worth less.
