People keep selling their Gamestop stock out of fear right now, so if they keep selling before Friday, not much.
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Sorry I didn't mean like right now just when it opens, if it opens lower. It looks like the WSB community is already back though so who knows, I still expect it to keep climbing regardless so I'll probably buy some no matter what at this point.
I bought at 82 while my friend was bugging me about this forever. Kicked myself for a bit but in the end it worked out lol
Ahh I gotcha. Well it's definitely a gamble at this rate. I was comfortable putting a little into AMC even though it has less attention, but part of me is still curious about how gamestop goes. I can't imagine anything good can come of it Lol, people would definitely need to get out before it tumbles because when it does it's going to happen in a flash.
After hour trades is up to ~$300 now (it was like ~$250 earlier, maybe even lower, but i saw ~$250).
I dont mean to quote and single you out if others in the thread said something similar in the thread, so i'm sorry about that if others also said something similar. I just quoted you to give a more general respons to the subject.
EDIT: I added some text.
Its easy to think if there are any other reasons as well in cases like this, i can definitely see that point of view, but i dont think anyone here can say for sure about what the exact reasons are except the ones that are being officially told. Wasnt there some speculation in why there were changes in the WSB subreddit as well, but later on it was confirmed that the moderators themself did that themself? If so, i think it could be legit reasons in terms of hate speech etc. why the Discord server was closed. Or are you only referring to the shutdown on the Discord server? I guess someone can try to open up a new and smaller Discord server with the same content (about the stocks, not the hate speech etc. of course) and see what happens =) But i think its good that the subreddit is back up again at least :)
I dont mean to quote and single you out if others in the thread said something similar in the thread, so i'm sorry about that if others also said something similar. I just quoted you to give a more general respons to the subject.
EDIT: I added some text.
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One of the big hedge fund companies who originally took on the short position (reportedly) has a LOT of short contracts that expire on Friday - so theoretically, they'll be forced to buy at whatever the market price currently is at that time.
Which is why WSB and the like are all buying like mad, in order to rake in a profit when those big hedge funds have to buy back what hey borrowed and sold.
Realistically, it's almost certainly too late unless you've got a major taste for risk, while also knowing your gains aren't going to as potentially big.
If the volatility continues tomorrow....you could try to hop on, but I probably wouldn't recommend it.
Most are predicting the big sell-off will occur on Friday. Some are saying to continue holding, but I'm skeptical to say the least.
Yeah, same here. This'll be a fun cultural moment to be part of. And if I happen to make a little extra money then that's great too!
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Just so I understand - considering those contracts are yet to expire, wouldn't tomorrow (at opening) still be a good time to jump in ? If there's a sell-off, wouldn't it happen after the contracts are expired and as such following a price increase ? I guess the worry here is that they'll be unable to sell for whatever reason once the sell-off starts ?
Theoretically, if you believe that the shorts (reportedly at 139% of floating stock being shorted) will come due and you'll be able to unload your shares at XYZ price on Friday, you could still buy at ABC price tomorrow at open, yes.
The risk is that by this time, no one knows how much you could make on a theoretical buy-in now (as opposed to a week ago), and/or how fast the selloff occurs, leaving you possibly holding your now worthless stock you weren't able to offload.
Either that, or that the hedge funds somehow get people to start panic selling like what looked like could have been happening tonight during after hours, yes.
....that, or gamestop suddenly decides to dilute/create more stock to get rich quick, etc..
okay thank you for the answer! I prob won't risk it but at least now....I'm all set up to try dabbling in this type of investing once I read more about it lol xD
Would AMC or BB shares be viable? Or are they just risky distractions?
Exactly! £140 bought, don't think the current price is good but whatever. This should be fun!
AMC is in a similar boat to GME, it's being heavily shorted.
I've invested into AMC and there is potential that the stock could take off (though not NEARLY to the same degree as GME)
However, none of this is a sure thing. Do not invest any money you're not prepared to lose.
Thanks for the advice! :)
I'm definitely going to just watch and learn, only going to dip a toe in with expendable money if I feel ready to.
I have a question! I have a pending request for stock in GME. Will it be at the price listed now, or the price it opens at. I'm reading that after hours might bring the price down when stocks open again, so should I cancel my pending order and wait for markets to open?
I was just reading this on Robinhood. If you submit now you'll buy at the 9:30am price. I would just buy it at 9am tomorrow whenever early period starts.
If I understand correctly...
Itll be at the price it opens at.
For what you should do that's up to you. There may be dips once the market opens.
be careful though; I set an order to buy last night and when I woke up my order was "rejected by the market" on robinhood
Brilliant, thanks! I'll just hold off till 9am and see what the buzz is like.
It's hard to say, but it really feels close with how crazy today was. I can't imagine this lasting much longer, but I also base this off hunch and no facts.
Nakd looks like it could rocket but I dont see much info on it, why are people liking it so much?
Tried to setup Robinhood to link to my bank account and I keep getting the error "Couldn't connect to your institution" and no help has worked via Google.
As long as they haven't been making decisions that assumed the stock price would stay high for a long time, they're fine
FYI the max Robinhood will give you is $1k instantly if you're a new user trying to buy tomorrow.
I'm sure this absolutely dreadful take from one in the parasite class was already shared here, but I had symptoms of a stroke reading this galaxy brained take.
I personally hope his money is on the line in this stuff, and that he's on the losing end. Incels? Really? The problem wasn't the people betting on and pushing for the company to fail? The pushback is a fuck you, and the ones doing it will be profiting.
How are rich people, who have access to resources many cannot dream of, be consistently wrong about reality all of the fucking time?
O-oh, he supported Mike Bloomberg for President. Of course he's not smart.
I personally hope his money is on the line in this stuff, and that he's on the losing end. Incels? Really? The problem wasn't the people betting on and pushing for the company to fail? The pushback is a fuck you, and the ones doing it will be profiting.
How are rich people, who have access to resources many cannot dream of, be consistently wrong about reality all of the fucking time?
O-oh, he supported Mike Bloomberg for President. Of course he's not smart.
Ah I gotta wait up to 48 hours for Robinhood to deposit before I can invest in any stock. Great got all worked up for nothing
Are there any indications of that it will go up or down a lot? Honestly wondering. I see the after-hour trade price is $292 now according to Yahoo.
This morning it jumped from something like $190-350. I wouldn't complain if we see something similar tomorrow.
I only hope that if the government or anyone overreacts to this it drives crypto up out of lack of faith or something.
I just put a little in and I know a couple of friends of mine are going to as well. Take that as you will.
Even if it goes nowhere, I'm comfortable losing the mount of money I spent.
The SEC does have the Trading Halt card to play, which suspends trading in any stock for up to ten business days, and there is a very good chance that they would play this card for the GME stock soon IMO, and possibly some of the other meme stocks as well. Considering the fact that the SEC technically doesn't have to forewarn investors that it going to suspend trading of a stock and that they have already released a public statement that they are aware of the ongoing market volatility in the options and equities markets.
DISCLAMER: NOT A FINACIAL EXPERT, THIS IS MY PERSONAL OPINOIN ON THE MATTER SO TAKE THIS INFO WITH A GRAIN OF SALT.
Yeah, thats true, but i believe that the after-hour trade prices yesterday (Thuesday) was also higher, giving an indication that today's opening would be a pretty big increase from the previous day. That doesnt seem to be the case now, at least not right now (maybe it changes when its getting closer to the market opening though). So i was just curious if there were any indications for a big increased opening happening tomorrow as well, maybe some info posted on Reddit etc.. If it was just a guess/hoping, then thats more than fair of course :) But i just wanted to ask in case there were some indicators of a big opening tomorrow as well. And i agree, i wouldnt mind seeing a big opening tomorrow like we saw today, indeed =)
It was hovering around 190 at around 6:00ish central this morning and then skyrocketed. I know because I couldn't figure out how to buy at that price and had to wait until the market opened. Obviously tomorrow could be a different story, but I think if the internet as a whole is still interested in this who knows.
Are you sure? In all cases I have seen, they allow you to trade immediately.
Oh ok, i see. Thanks for the info. I wasnt sure what the exact after-hour trade price was at the same point in time yesterday as it is now to be honest, but i thought that it was increased compared to the previous day (which isnt the case right now). And i saw that it was at like $300 maybe 5 minutes before the marketing opened.
But if the stock price sky rocketed only a few hours before market opening today, maybe the same thing can happen tomorrow as well. But like you say, it could be different tomorrow, its hard to say for sure, indeed. I think will definitely be interesting to see what happens either way :)
Usually it jumps up in the morning and then settles down, goes down a bit after hours ... but given the volatility, there's no guarantee at all.