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Perre
·Did anyone participate in the gamestop frenzy on the stock exchange?
Any thoughts?
Any thoughts?
Gamestop frenzy
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mrbreen
·What a story!! There were tons of bots on the Reddit forums yesterday promoting NOK and AMC. I entered early in the day on those and got out mid afternoon. That is the extent that I was able to capitalize on the frenzy. And I’ll add that it was very low stakes. It’ll be fascinating to see how this plays out.
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kingsrider
·I've got a couple of buddy's losing their shirts right now on that crap.
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Wivac
·Been watching the progress in the sub for a while. Stonks will stonk.
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Observer
·Just a heads up; the same people who went after the Gamestop shorts are now focusing on the extremely manipulated Silver market. SLV and First Majestic Silver (AG) in particular. Not saying that it will definitely blow up, nor is this financial advice, but if it does go off, sky's the limit.
Full disclosure: I was already rolling back into miners and increased those positions today.
Full disclosure: I was already rolling back into miners and increased those positions today.
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berrychlossom
·I am proud owner of one GME stock bought back at $37
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berrychlossom
·Obviously kicking myself for not buying more, but it still feels good to contribute to the short squeeze.
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Evitzee
·Never invest what you can't afford to lose. Those retail buyers who are pumping these stocks via margin buying are playing with fire. You might win big, or you might lose big. You usually can't beat the pros at this game. Many small fry are going to get burned, then they will start bringing lawsuits saying they weren't informed of the risks, blah, blah, blah. Lawyers are in the wings waiting for this to come crashing down.
I'm all for letting everybody play the game, but just be man enough to accept defeat if you get caught on the wrong side of the bet. No whining.
I'm all for letting everybody play the game, but just be man enough to accept defeat if you get caught on the wrong side of the bet. No whining.
Edited:
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Tony C.
··Ωf Jury memberAn interesting deconstruction from Glenn Greenwald, not so much technical, but more about the cultural significance:
https://www.zerohedge.com/political...reddit-revolution-gamestop-and-melvin-capital
https://www.zerohedge.com/political...reddit-revolution-gamestop-and-melvin-capital
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Observer
·A deconstruction from Glenn Greenwald, not so much technical, but more about the cultural significance:
https://greenwald.substack.com/p/vi...9.alrAJlVqQ2ZoGtdpQkOlGZ7cUXoi7yV-02oQ31TYl58
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The Father
·Holy fυck, what a ride today
For the hell of it I bought at $425 today (100 shares) pre-market. Had a sell order in for $450 since I wasn’t greedy.
it was $$ I could afford to lose because of previous brilliance.
Anyway I thought I could keep a tight rein if things went down. Then the TDAMERITRADE app went to shit. All I could do was watch on Yahoo finance as it dropped to $176. I thinking “oh fυck going to $20” Then the rollercoaster started. Up and down. Then the little bitch started going up. Hit around $480 again and my ass was pulled out of the fire.
For the hell of it I bought at $425 today (100 shares) pre-market. Had a sell order in for $450 since I wasn’t greedy.
it was $$ I could afford to lose because of previous brilliance.
Anyway I thought I could keep a tight rein if things went down. Then the TDAMERITRADE app went to shit. All I could do was watch on Yahoo finance as it dropped to $176. I thinking “oh fυck going to $20” Then the rollercoaster started. Up and down. Then the little bitch started going up. Hit around $480 again and my ass was pulled out of the fire.
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Perre
·Just a heads up; the same people who went after the Gamestop shorts are now focusing on the extremely manipulated Silver market. SLV and First Majestic Silver (AG) in particular. Not saying that it will definitely blow up, nor is this financial advice, but if it does go off, sky's the limit.
Full disclosure: I was already rolling back into miners and increased those positions today.
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rcs914
·I had a buy order in for 5 shares at $135 when it briefly crashed price wise earlier today, but with the trading halt by the time it was unhalted it came back over my buy order limit.
I did buy into AMC yesterday - I'm definitely upside down on that right now. Really should have pulled the sales trigger around 3:45PM yesterday, just for my own sanity, especially after today. Will let it ride for now I guess.
The real story here today though was the collusion on the part of the trading apps to restrict trades. Robinhood is absolutely going to get a class action lawsuit against them, since they restricted retail buyers from buying stock - it would only let you sell if you had a position, but not buy any more. This was regardless of where the price was during the day. Other apps pulled the same BS.
Robert Reich had a succinct take on it:
"Robinhood has now blocked users from buying GameStop, AMC, BlackBerry, Nokia, and other “dark horse” stocks. The app is only allowing users to close their positions, meaning they can sell shares but not buy more. With 56 percent of all Robinhood users owning at least some GameStop stock, this move will be potentially devastating for retail investors and those who flocked to the app following the instructions of the WallStreetBets Reddit thread.
This needs to be investigated immediately. Hedge funds are still freely allowed to trade these stocks, while retail investors no longer can. And it extends beyond Robinhood - the New York Stock Exchange and TD Ameritrade also restricted trading for GameStop and AMC stocks. Apparently market manipulation is just fine when it’s greedy Wall Street bankers gambling away our entire economy (as they did in 2008), but now that Redditors are rallying GameStop and AMC it’s unacceptable and time to restrict trading. Ridiculous."
This same basic sentiment has been expressed on both sides of the political aisle - basically the big boys over shorted the stock to 140% of existing shares and were caught with their pants down. But everything that happened today was to stifle the ability of you or I from participating in the market.
I did buy into AMC yesterday - I'm definitely upside down on that right now. Really should have pulled the sales trigger around 3:45PM yesterday, just for my own sanity, especially after today. Will let it ride for now I guess.
The real story here today though was the collusion on the part of the trading apps to restrict trades. Robinhood is absolutely going to get a class action lawsuit against them, since they restricted retail buyers from buying stock - it would only let you sell if you had a position, but not buy any more. This was regardless of where the price was during the day. Other apps pulled the same BS.
Robert Reich had a succinct take on it:
"Robinhood has now blocked users from buying GameStop, AMC, BlackBerry, Nokia, and other “dark horse” stocks. The app is only allowing users to close their positions, meaning they can sell shares but not buy more. With 56 percent of all Robinhood users owning at least some GameStop stock, this move will be potentially devastating for retail investors and those who flocked to the app following the instructions of the WallStreetBets Reddit thread.
This needs to be investigated immediately. Hedge funds are still freely allowed to trade these stocks, while retail investors no longer can. And it extends beyond Robinhood - the New York Stock Exchange and TD Ameritrade also restricted trading for GameStop and AMC stocks. Apparently market manipulation is just fine when it’s greedy Wall Street bankers gambling away our entire economy (as they did in 2008), but now that Redditors are rallying GameStop and AMC it’s unacceptable and time to restrict trading. Ridiculous."
This same basic sentiment has been expressed on both sides of the political aisle - basically the big boys over shorted the stock to 140% of existing shares and were caught with their pants down. But everything that happened today was to stifle the ability of you or I from participating in the market.
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mrbreen
·Holy fυck, what a ride today
For the hell of it I bought at $425 today (100 shares) pre-market. Had a sell order in for $450 since I wasn’t greedy.
it was $$ I could afford to lose because of previous brilliance.
Anyway I thought I could keep a tight rein if things went down. Then the TDAMERITRADE app went to shit. All I could do was watch on Yahoo finance as it dropped to $176. I thinking “oh fυck going to $20” Then the rollercoaster started. Up and down. Then the little bitch started going up. Hit around $480 again and my ass was pulled out of the fire.
Crazy town. I wanted to get in this morning when it first cratered but I'm using Robinhood so no luck there.
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dsio
··Ash @ ΩFI’ve often wondered how this would look if the collectors did it to watch market speculators, like if you took a Speedmaster LE nobody currently cares about that has a small supply, like the Apollo 17 silver coin dial variant, bought up the stock floating around the market at the current low rate, hyped it up until the price shot up which has happened to many LEs like the Gemini 4 (I was responsible for hyping that one myself then sold mine before it shot up because my timing sucks), then dumped the bulk of the supply back into the market.
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Dor_42
·I had a buy order in for 5 shares at $135 when it briefly crashed price wise earlier today, but with the trading halt by the time it was unhalted it came back over my buy order limit.
I did buy into AMC yesterday - I'm definitely upside down on that right now. Really should have pulled the sales trigger around 3:45PM yesterday, just for my own sanity, especially after today. Will let it ride for now I guess.
The real story here today though was the collusion on the part of the trading apps to restrict trades. Robinhood is absolutely going to get a class action lawsuit against them, since they restricted retail buyers from buying stock - it would only let you sell if you had a position, but not buy any more. This was regardless of where the price was during the day. Other apps pulled the same BS.
Robert Reich had a succinct take on it:
"Robinhood has now blocked users from buying GameStop, AMC, BlackBerry, Nokia, and other “dark horse” stocks. The app is only allowing users to close their positions, meaning they can sell shares but not buy more. With 56 percent of all Robinhood users owning at least some GameStop stock, this move will be potentially devastating for retail investors and those who flocked to the app following the instructions of the WallStreetBets Reddit thread.
This needs to be investigated immediately. Hedge funds are still freely allowed to trade these stocks, while retail investors no longer can. And it extends beyond Robinhood - the New York Stock Exchange and TD Ameritrade also restricted trading for GameStop and AMC stocks. Apparently market manipulation is just fine when it’s greedy Wall Street bankers gambling away our entire economy (as they did in 2008), but now that Redditors are rallying GameStop and AMC it’s unacceptable and time to restrict trading. Ridiculous."
This same basic sentiment has been expressed on both sides of the political aisle - basically the big boys over shorted the stock to 140% of existing shares and were caught with their pants down. But everything that happened today was to stifle the ability of you or I from participating in the market.
https://www.courtlistener.com/recap/gov.uscourts.nysd.553175/gov.uscourts.nysd.553175.1.0.pdf
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cvalue13
·
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