QuizGuy66
Footballguy
BUY BUY BUY!!!!pretty sure they make vacuum cleaners in Bangladesh now
-QG
BUY BUY BUY!!!!pretty sure they make vacuum cleaners in Bangladesh now
I think it means at prices that don't hurt there hedgey buddiesRobinhood to re-open GME/AMC for "limited buys" tomorrow.
I wonder what "limited buys" means.
I’m sure people won’t like it but damn, crying because you couldn’t buy a pumped up ####ty company is hysterical. I want to join that lawsuit. They stopped me from getting free money! Mom, where’s my meatloaf?https://twitter.com/davejourno/status/1354874367671480325?s=20
Class action suit filed against Robinhood
it costs extraMaybe I'll use that prostitute for something different.
No. This is crazy ####. When my two youngest sons are showing me Tik Toks about WSB type memes and asking me if Tesla is a good investment, I know this #### show is going to come crashing down.Is there a post in here explaining what is going on. I don’t own stock, don’t know the first thing about stocks and have zero clue what is going on. TIA
I'll agree with this.To put it bluntly, there’s way too much whining about all this. I consciously sat on the side of this knowing I’m better just buying long term and hitting my retirement goal. I realize that you have to be lucky or have to be the guy gaming the system to make the quick bucks. I’m not lucky and I don’t run the game, but I sure knew there would be clear winners and losers. The losers, the folks with the short positions and the people who bought near the high and still hold the stock, are both acting like they were unfairly targeted. One was a bunch of douchebags who’ve been ripping people off for years and the other are people who ignored the obvious risks and thought their “friends” at WSBs would make them free money. Both are acting like they should get bailed out by adding restrictions or turning the machines back on.
Going to be a lot of changes and probably a lot that people won’t enjoy. Oh well, they’ll make a movie or something, but hopefully people learned something.
Meh, I don't see it that way.I’m sure people won’t like it but damn, crying because you couldn’t buy a pumped up ####ty company is hysterical. I want to join that lawsuit. They stopped me from getting free money! Mom, where’s my meatloaf?
Right.Meh, I don't see it that way.
If my money (repeat, my money) is in a platform that I rely on to be a reputable company for buying and selling, and then restricting that access to suit some other folks - I'd be pissed too.
To me it's not about what you are buying or selling and why - it's that access should be available to both sides of the equation. I can totally see why people are up in arms about this.
Yeah, it's not about any losses or gains on these individual plays, more the overall direction of things that I'm not comfortable with at this point.Meh, I don't see it that way.
If my money (repeat, my money) is in a platform that I rely on to be a reputable company for buying and selling, and then restricting that access to suit some other folks - I'd be pissed too.
To me it's not about what you are buying or selling and why - it's that access should be available to both sides of the equation. I can totally see why people are up in arms about this.
The changing of the rules mid stream is alarmingI'm no expert here, but a brokerage artificially stopping one side of the deal shouldn't be allowed.
“Yes it’s true...No. This is crazy ####. When my two youngest sons are showing me Tik Toks about WSB type memes and asking me if Tesla is a good investment, I know this #### show is going to come crashing down.
Who was it that wanted to know when taxi drivers are giving stock tips? I think my youngest son asking about Tesla for his friend and my middle son actually knowing about AMC stock qualifies. We are there boys and girls, the nadir. Time to jump off the mountain and see who lands in the snow and who lands on the rock. Cats and dogs living together, mass hysteria.
more like NASCAR than NASDAQ amiright?The changing of the rules mid stream is alarming
That, and by whom.The changing of the rules mid stream is alarming
Bro you have never been more wrong about anything. Sit this one out.I’m sure people won’t like it but damn, crying because you couldn’t buy a pumped up ####ty company is hysterical. I want to join that lawsuit. They stopped me from getting free money! Mom, where’s my meatloaf?
You are being shortsighted. This could very well affect the "safe" positions if more and more people aren't comfortable with the direction of the market.To put it bluntly, there’s way too much whining about all this. I consciously sat on the side of this knowing I’m better just buying long term and hitting my retirement goal. I realize that you have to be lucky or have to be the guy gaming the system to make the quick bucks. I’m not lucky and I don’t run the game, but I sure knew there would be clear winners and losers. The losers, the folks with the short positions and the people who bought near the high and still hold the stock, are both acting like they were unfairly targeted. One was a bunch of douchebags who’ve been ripping people off for years and the other are people who ignored the obvious risks and thought their “friends” at WSBs would make them free money. Both are acting like they should get bailed out by adding restrictions or turning the machines back on.
Going to be a lot of changes and probably a lot that people won’t enjoy. Oh well, they’ll make a movie or something, but hopefully people learned something.
I get that. I just think it’s hysterical that this is all over buying GME at $200-400 when everyone knows it’s a crappy company not worth close to that. I’d love to see how much the Chewy guy and his buddies have sold. Will be interesting to see if that info comes out.Meh, I don't see it that way.
If my money (repeat, my money) is in a platform that I rely on to be a reputable company for buying and selling, and then restricting that access to suit some other folks - I'd be pissed too.
To me it's not about what you are buying or selling and why - it's that access should be available to both sides of the equation. I can totally see why people are up in arms about this.
Is this that thing where your stocks suck but you root for other stocks and pretend that their success reflects back on you?SEC SEC
Oh come on. Let’s not act like the movements in these crap companies is anything close to normal. What, are we going to all of a sudden move to a communist state because they limited some truly risky trading. You can have my GME stock when you pry it from my cold dead fingers bumper stickers coming soon?You are being shortsighted. This could very well affect the "safe" positions if more and more people aren't comfortable with the direction of the market.
What does this have to do with anything? The company was allowing you to sell and not to buy. You have no problem with that? It totally screwed up the market today and probably allowed a bunch of short sellers to buy at a lower price than what they would have normally. Seems to me like you're really rooting for the Hedge Fund companies.I get that. I just think it’s hysterical that this is all over buying GME at $200-400 when everyone knows it’s a crappy company not worth close to that. I’d love to see how much the Chewy guy and his buddies have sold. Will be interesting to see if that info comes out.
I guess I liken the complaining about buying a stock for an unreal reasoning to a crazy on an other board who was complaining about potentially being forced by his work to get the vaccine (he could quit) and how it was similar to years ago when African American women were sterilized.
Listen, you guys are absolutely free to bash RH and switch trading platforms but they are a business and they set their terms of service. They say whether or not you can traded off hours, options, margin, foreign stocks, OTC stocks, etc.
If they deem buying a stock that could in fact crater as too risky then honestly, it’s something they can restrict. You can’t buy OTC stocks on RH and they are ridiculously risky. Buying GME at $400 is holding your money over a fire and hoping it doesn’t burn. It’s not on the bill of rights so it’s their limit to set. You can sell so there really isn’t any harm IMHO. **** move that could lose them customers, sure, but I still don’t think a lot of people realize the risk and that they basically classified these stocks as say penny stocks. People are pissed because they think short squeezing is their right and they are missing out on free money.
NordiscriminationAny speculation as to why NOK is included in most of the r/wallstreetbets GME, AMC, BB bundles? They have a very low short position and a ton of shares out. Volume tripled today and yesterday had a huge run.
like a bookie who pockets what he presumes to be bad bets, rather than sending them off to the syndicateRobinhood Markets, the trading app that’s popular with investors behind some of this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter, Bloomberg News reports.
The firm has tapped at least several hundred million dollars, one of the people said. Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc. A representative for Robinhood declined to comment.
I’ve always wondered about that. Lehman Brothers (it was Barings, just looked it up) or some other shop was brought down by a rogue trader. Trades can be net negative so if a broker has tons of people shorting, what happens if their clients can’t pay it back? Are they on the hook and could they fail?Robinhood Markets, the trading app that’s popular with investors behind some of this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter, Bloomberg News reports.
The firm has tapped at least several hundred million dollars, one of the people said. Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc. A representative for Robinhood declined to comment.
Some. Many. Not everyone.I get that. I just think it’s hysterical that this is all over buying GME at $200-400 when everyone knows it’s a crappy company not worth close to that. I’d love to see how much the Chewy guy and his buddies have sold. Will be interesting to see if that info comes out.
I guess I liken the complaining about buying a stock for an unreal reasoning to a crazy on an other board who was complaining about potentially being forced by his work to get the vaccine (he could quit) and how it was similar to years ago when African American women were sterilized.
Listen, you guys are absolutely free to bash RH and switch trading platforms but they are a business and they set their terms of service. They say whether or not you can traded off hours, options, margin, foreign stocks, OTC stocks, etc.
If they deem buying a stock that could in fact crater as too risky then honestly, it’s something they can restrict. You can’t buy OTC stocks on RH and they are ridiculously risky. Buying GME at $400 is holding your money over a fire and hoping it doesn’t burn. It’s not on the bill of rights so it’s their limit to set. You can sell so there really isn’t any harm IMHO. **** move that could lose them customers, sure, but I still don’t think a lot of people realize the risk and that they basically classified these stocks as say penny stocks. People are pissed because they think short squeezing is their right and they are missing out on free money.
It's like the S&P 500 where a few companies carry the weight of the rest.Is this that thing where your stocks suck but you root for other stocks and pretend that their success reflects back on you?
He bought the Mets, so isn't he kinda already.How isn't Steve Cohen in jail?
The taxi drivers were talking about Hertz when SPY was 280. You could've gotten out there.No. This is crazy ####. When my two youngest sons are showing me Tik Toks about WSB type memes and asking me if Tesla is a good investment, I know this #### show is going to come crashing down.
Who was it that wanted to know when taxi drivers are giving stock tips? I think my youngest son asking about Tesla for his friend and my middle son actually knowing about AMC stock qualifies. We are there boys and girls, the nadir. Time to jump off the mountain and see who lands in the snow and who lands on the rock. Cats and dogs living together, mass hysteria.
GameStop is going to need millions of vessels to play Brick Breaker.....Any speculation as to why NOK is included in most of the r/wallstreetbets GME, AMC, BB bundles? They have a very low short position and a ton of shares out. Volume tripled today and yesterday had a huge run.
he sure was easy to hate.
Jake Offenhartz@jangelooff
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4h
Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people "sitting at home getting their checks from the government, trading their stocks." “This fair share is a bull#### concept," he shouts. "It’s a way of attacking wealthy people."
this is pretty much any stock I ever boughtIf you hopped on board the reddit screw the hedgies crusade and got in early on the GME express-
every minute now you're asking yourself, "how much do I trust these anonymous web posters to really maintain the crusade and hold?"
Tomorrow will show us something with option expirations but if- and that's a big IF- the ham and eggers can really hold on then those shorties will be called in and they will have to cover.
It's like an arm wrestling match between two giants, one with just a few very large muscles and the other with millions of small muscles.
exactlyThe fundamentals argument is tired. People are trading fundamentals. They're just trading the fundamentals of market efficiency rather than the fundamentals of the company. The same way that market makers have been doing for decades. And it's certainly within their right to be upset when their broker pulls the rug out from under them and tell them that's not allowed even as the market makers continue to do the same damned thing on other stocks on the very same day.
99% a margin call. I know firms changed their margin requirements on these volatile stocks.Etrade now also bans GME/AMC/etc buying and is actually liquidating some people's positions.
ETA: last part about liquidating is speculative, someone I trade with said they had their AMC position liquidated.
I couldn't believe he said that.
Jake Offenhartz@jangelooff
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4h
Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people "sitting at home getting their checks from the government, trading their stocks." “This fair share is a bull#### concept," he shouts. "It’s a way of attacking wealthy people."
I said it was a #### move and could lose them customers but I do see the huge risk their clients are taking trying to jump into the fray at 5-10x what a company is actually work and it’s their business and something they can do. If they did it to not lose revenue, do you really blame them if you were them? If RH investors are getting a free ride can they really complain when RH wants to make money. Find a brokerage that charges trading fees and lets you buy and sell anything and won’t restrict you in the future.What does this have to do with anything? The company was allowing you to sell and not to buy. You have no problem with that? It totally screwed up the market today and probably allowed a bunch of short sellers to buy at a lower price than what they would have normally. Seems to me like you're really rooting for the Hedge Fund companies.
How did they gain access to the January 29 date? That seems like a recipe for extortion.
I would think a Margin Call would prevent them form being to much in the hole. Wouldn't the client have to have a certain amount invested, and an automated margin call would occur if they exceeded their limit. But if something gapped up an incredible amount (beyond their account limit), I am not sure how they go about recovering the money.I’ve always wondered about that. Lehman Brothers (it was Barings, just looked it up) or some other shop was brought down by a rogue trader. Trades can be net negative so if a broker has tons of people shorting, what happens if their clients can’t pay it back? Are they on the hook and could they fail?
Isn't this why hedge funds are REQUIRED to secure a borrow before executing a short sale? Hedge Funds can't short what they can't borrow....the inventory has to be there. And again, the vig they pay the loan department during the short sale period is varitable and subject to change. A loan department can increase the cost to borrow and the riskier the stock the higher the vig, generally speaking.I’ve always wondered about that. Lehman Brothers (it was Barings, just looked it up) or some other shop was brought down by a rogue trader. Trades can be net negative so if a broker has tons of people shorting, what happens if their clients can’t pay it back? Are they on the hook and could they fail?
Yeah, go back and read articles from '99 about Priceline. Traditionalists were losing their ever loving minds over this one - "HOW CAN PRICELINE HAVE A MARKET CAP LARGER THAN THREE MAJOR AIRLINES.....THEY HAVE NO REVENUE, NO EARNINGS, NO ASSETS!!!!!!"Ignoring the NOKs of the world and focusing solely on GME, they're not trading on fundamentals, no. And some of them are going to get burned, yes. But their thesis is not wrong, even if it doesn't match your investing style. There are Boomers who would look at us and think, "You paid what multiple? For companies that have NEVER been profitable? What a maroon."
Like Bezos and Amazon, we sat this one out.It's like the S&P 500 where a few companies carry the weight of the rest.
Did the PAC10 even show up this year?