[Noneya]

Originally Posted by XKxRome0ox

utter bs
i kept asking on the forums ... what are some things the big money might do to screw us over involving GME?

i saw discussion about putting up an option "price wall" by placing so many calls and puts on both sides of a price point
a tactic employed by Gabriel Plotkin, one of the head guys at Melvin Capital
we can deal with that

We already saw the BS media coverage
we can weather it

We saw outages at several platforms
just hold on

but this??
restricting trades, delisting tickers
hedge funds selling back and forth to each other to create a price dive to cause panic selling
how can we fight when the deck is so stacked against us?

if you have any positions, hold through the weekend
i think we can still survive this and come out ahead

I think this post can be summarized as "I love gambling, and hate it when my gambles don't pay off. Waaah."

[Cyberdemon]

Originally Posted by Noneya

I think this post can be summarized as "I love gambling, and hate it when my gambles don't pay off. Waaah."

If you've been following the news around this for the past week, you can see this is much less of a case of gambling not paying off - it's a proof point of massive external pressure between technology companies, media, and big investment firms doing everything they can to try to stop this event from occurring.

It's the difference between playing roulette and losing and playing roulette and having someone take your chips off the table while the ball is still spinning.

But it's easy to be the group watching on the outside repeatedly saying "I told you so!" with no objective value.

[ASAP]

who got out lol?... the only thing I can figure right now is that we are living in a bana republic capitalist system... the platforms caved to the big guy

[Cyberdemon]

Originally Posted by ASAP

who got out lol?... the only thing I can figure right now is that we are living in a bana republic capitalist system... the platforms caved to the big guy

I'm still in, pulling out now at this point is right before the punch line. Unlike some people who bought in at $300-400 I'm still covered and tomorrow is the day a lot of those options expire so today is just panic and creating FUD as far as I'm concerned.

If it hits the bed I'll either set a limit order above my price and make out with a few bucks and a fun ride or I'll ride it up. This almost all in an IRA so at this point if I do great I'll have new funds to put into the portfolio and if it eats the bed its no worse than any other dip or bad earnings call. Definitely not a YOLO moment for me.

[NickyC]

Rigged game, anyone who doesn’t understand this by now is too far gone to be saved.

It’s a big club, and you ain’t in it.
- George Carlin

[NorCalAthlete]

Originally Posted by Noneya

I think this post can be summarized as "I love gambling, and hate it when my gambles don't pay off. Waaah."

Added another 50 shares this morning.

[Cyberdemon]

Glad to know something this messed up could unify both sides of the aisle.

[Kristopher]

Originally Posted by Cyberdemon

If you've been following the news around this for the past week, you can see this is much less of a case of gambling not paying off - it's a proof point of massive external pressure between technology companies, media, and big investment firms doing everything they can to try to stop this event from occurring.

It's the difference between playing roulette and losing and playing roulette and having someone take your chips off the table while the ball is still spinning.

But it's easy to be the group watching on the outside repeatedly saying "I told you so!" with no objective value.

Amen brother! Couldn't have said it better myself. Its further proof that if your not born into the club you can't buy admission.

[TheFanatic]

best way to fight is to keep going. if not on gamestop than on another company. dont let their bleeding stop. They caused their own downfall. They lived by the sword they can die by it.

[vreihen16]

Originally Posted by Cyberdemon

As soon as the bottom hit people started buying back in in much higher volume. That tells you that the demand to buy the stock is still there even though the circuit breaker keeps tripping.

My concern is that Robinhood blocking buy orders from a lot of the people who are doing the GME buying is going to stop the runaway rise...and throttle the recovery spike.

I don't know what the current time frame is to cash out of RH and open a new account at another brokerage, but I'm guessing that there is a delay of a few days before those former-RH clients can buy again.....

[Noneya]

Originally Posted by Cyberdemon

If you've been following the news around this for the past week, you can see this is much less of a case of gambling not paying off - it's a proof point of massive external pressure between technology companies, media, and big investment firms doing everything they can to try to stop this event from occurring.

It's the difference between playing roulette and losing and playing roulette and having someone take your chips off the table while the ball is still spinning.

But it's easy to be the group watching on the outside repeatedly saying "I told you so!" with no objective value.

Don't despair, I'm sure some other brokerage may temporarily let you get into this blatant market manipulation game. Robinhood likely decided not to expose themselves further to the risk of being dinged and/or bludgeoned by the SEC. They certainly didn't do it because they hate taking free money from all the gamblers.

[Cyberdemon]

Originally Posted by vreihen16

My concern is that Robinhood blocking buy orders from a lot of the people who are doing the GME buying is going to stop the runaway rise...and throttle the recovery spike.

I don't know what the current time frame is to cash out of RH and open a new account at another brokerage, but I'm guessing that there is a delay of a few days before those former-RH clients can buy again.....

It absolutely is. My GME stock is in Etrade but my NOK/BB is in Robinhood and those are both nerfed.

Most places take 2-3 days for the money to clear so you're right if opening an entirely new brokerage account doesn't dissuade people it'll certainly slow things down.

[NickyC]

Originally Posted by thefanatic

best way to fight is to keep going. If not on gamestop than on another company. Dont let their bleeding stop. They caused their own downfall. They lived by the sword they can die by it.

srmx
kync

[Turkish Pickle]

The "little man" hasn't won yet.

Lots of contracts expiring tomorrow where they need to have (seemingly) over 100% the shares of a company. Even assuming they owned all of it, they bet over shares that don't even *exist*. This will be interesting to see.

What's also interesting is, Robinhood was (apparently) investigated for selling info to Citadel. Citadel also has given a lot to Yellen. Citadel also is about to lose a lot because of Melvin, the main guy who would get screwed if GME skyrockets.

Similar with Point72, where the owner/founder tweeted "not feeling the love on Twitter today".

This will be an interesting few days it seems, wondering how this will go. Wonder if they'll go after the guys who made bank or go after those who illegally manipulate markets and short the stock more than it exists, and literally interfere with the market? (RH started to sell shares for its owners that it deems risky)

[kanovic]

It’s duge time!!!

[bimmer pleaser V2]

what the hell, just bought 3 shares for fun.

I am part of the revolution!

[NickyC]

I agree with AOC and “The Squad” on something lollllll. Actually, I hate to say it but she does make sense on a number of things.

Interesting times indeed!

[vreihen16]

Originally Posted by NickyC

srmx
kync

Pigs get slaughtered.

Just passing along the one piece of trading advice that a friend who owns a stock market seat shared with me.....

[XKxRome0ox]

I had to open a Chase investment account to buy more GME
Since I already bank with chase, the account was funded immediately

This is so dirty
By the time any regulatory action takes place, the hedge funds will get out having saved billions of dollars
So they don't even care
But the fact that the share price is still at a respectable level is comforting

[vreihen16]

Originally Posted by Turkish Pickle

What's also interesting is, Robinhood was (apparently) investigated for selling info to Citadel.

No-fee trading? If you're not paying for the service, YOU are the product!

Glad all of my play money is in a "boomer" brokerage right now, while wondering how much Robinhood charges for a live stream of all customer buys/sells so that I can also cash in sooner on the market anomalies credited to millennials on RH.....

[vreihen16]

Finally, an explanation for the tinfoil hat conspiracy folks...

https://finance.yahoo.com/news/webul...195711214.html

M1, Webull and Public all attributed the restrictions placed on these volatile stocks not to any effort to curb their purchase or sale, but instead cited the costs associated with settling the trades on the part of their clearing firm, Apex. All three platforms employ Apex to clear trades made by users via their platform.

In an interview with Webull CEO Anthony Denier, Yahoo Finance confirmed that the restriction was not something the company had any hand in deciding.
.
.
.
Public confirmed via Twitter that users can now buy and sell $GME and $AMC and $KOSS on the platform, thanks to the resolution of the Apex blocker. Meanwhile Webull noted that all three stocks are now also available for exchange via their app, as did M1 shortly after.

[NickyC]

Originally Posted by vreihen16

Finally, an explanation for the tinfoil hat conspiracy folks...

https://finance.yahoo.com/news/webul...195711214.html

Glad to see our free and efficient markets are back online now.

Lmfao