No impact in you. It's only for people looking to open new positions on options. Buying shares isn't impacted.
I'll just keep quoting this post:
It's never too late to gamble! But if you really want to get on GameStop it's looking risky as shit right now.
Yeah if he's gonna just toss the money with that attitude eh not sure what you can do. 8k might not be insane to him, that's chump change to some people...
Ohhh boy. Uh hope he's in one of those bars that gets ridiculous tips and is in an area with limited lockdowns. If it tanks hopefully it scares him early so he cuts whatever losses pretty quickly.
We honestly don't know what GME will do. It really depends on who buys, how many hold and if the hedge funds try to cover their short positions within the next day or two.
aren't there a lot that expire on friday, so they have to cover soon?
I bought GME at $338 earlier and 9 shares of Amc for $150. It's a risk but I am fine if it all goes away.
From what I understand (not an expert), they still have enough next week. Their goal is to get people to exit their positions beforehand and lower the price back to reality. For them to lose and the stock to rocket even higher than its already ludicrous price, many retail investor peasants will need to hold their positions until then. The million dollar question is whether that will happen. There will likely be some major dips in the share price tomorrow and Friday.
It takes a few days for transferred funds to become available for trading.
Only some do. The big thing with GME is that the short positions exceeded the number of available shares so in the event of a short squeeze the demand would far exceed the supply. If Melvin, for example, covers their expiring position(s) and a bunch of people sell then that may drop the stock to the point where it isn't over 100% shorted. There would be a spike but then a huge drop off. If everyone holds their position then it will keep happening over and over as the hedge funds try to exit their short positions. If they don't and there's a sell off then the stock craters and the remaining short positions win.
I don't know enough to speak to how long it'll take. I did see the post on WSB about it and there were enough detailed comments explaining why that very well may not be the case and it's close to 1-2 days.
They're already working at that. TDA already had restrictions on trading GME and AMC and now Robinhood has removed the ability to buy weeklies for GME.
RH takes shits daily on normal volume. I'm expecting some serious issues Friday. I wouldn't buy anything on Robinhood right now that you're not comfortable holding until next week.
Robinhood allows instant access to money you deposit. For free accounts I believe it's $1000 limit
Honestly fuck them for all the shit they're pulling including robinhood. Praying reddit and the crowd holds.
www.gurufocus.com
the story here is that some rich guys called hedgefunds have burrowed and sold shares they dont own because they thought by the time they would have to give those back the shares would be worth even less. so much as a collective that it is 140% of the available stocks. now they have to give the stocks back and are scrambling to find shares. people that buy and hold will have to wait until the due date and the funds will be contractually obligated to buy whatever the price says. if that happens millions of shares will be bought at once. this will trigger a chain reaction because everyone that had expiration dates after it may sell as well to prevent further losses.
Edit: Just as an example of the size of some hedge funds.
so in otherwords this wilk go to the moon. the stock price will explode even more when the hedgefunds fail.Not sure if this is right, but the short float is now 292? Are these bastards tripledowning???
GME (GameStop) Float Percentage Of Total Shares Outstanding
GME (GameStop) Float Percentage Of Total Shares Outstanding as of today (April 01, 2024) is 87.79%. Float Percentage Of Total Shares Outstanding explanation, c
" Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, GameStop's Short Percentage of Float is 292.53%. "
They're really gonna try and beat reddit and cover their shorts. Holy. And with help from their buddies/RH/TD trying to mitigate us.
black rock owns 6% of gamestop. they will profit handsomelyhttps://markets.businessinsider.com/news/stocks/blackrock-gamestop-stock-price-investment-gain-day-traders-reddit-2021-1-1030009270
Nokia because of 5G
Thinking about those big ass gains makes me think of the tax implications come tax time (basically half in California) or if they're doing tax deferral tricks.
There's always opportunities, just...not as crazy as this has been.
I mean...it kinda already happened today (well yesterday now), the high and low spread today was over 100 points. Decent chance tomorrow is crazier. I'm really curious to see the effect of the trading companies limiting action on it. Whatever the case I'm staying the hell out of the way (...unless it tanks really low, enough that I can buy a decent amount with leftover money).
Not sure if this is right, but the short float is now 292? Are these bastards tripledowning???
GME (GameStop) Float Percentage Of Total Shares Outstanding
GME (GameStop) Float Percentage Of Total Shares Outstanding as of today (April 01, 2024) is 87.79%. Float Percentage Of Total Shares Outstanding explanation, c
" Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, GameStop's Short Percentage of Float is 292.53%. "
They're really gonna try and beat reddit and cover their shorts. Holy. And with help from their buddies/RH/TD trying to mitigate us.
but at the end if on friday millions of shares must be bought at any price whatsoever the price will soar right? Is it the best to put in a sell order (say 5000 USD lol) or should i just manually sell on friday?
It looks more like headhunting by Apple. They did the same thing with Apple Maps by building a team in Berlin headhunting for staff from Here Technologies who are Industry leading (not sure about that).
what price? this is incredibly hard to predict... damn. VW had a 1000 per share price when the short squeeze happened. The equivalent marketcap would propell Gamestop share price to 20000 USD. however this was not a short squeeze that was widely known beforehand.
