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Plum

Member
May 31, 2018
17,310
Already got a $25 profit from a $100 investment ($50 GME, $50 NAKD)

Plum's gonna be eating tonight
 

RomanticHeroX

Member
Oct 27, 2017
2,898
If boomers are this terrified of a group of investors making gains on one single stock, imagine what could be accomplished with a real proletariat uprising.
 

Deleted member 35478

User-requested account closure
Banned
Dec 6, 2017
1,788
yeah, it's part of how RH makes their money for free trades. They give Citadel (and likely others) info about the limits people are setting, and now have shown that they'll keep people from buying stocks that the hedge funds don't want them to.

but a group of people spamming memes is manipulating the market and all that.

Right, and Citadel is full in with Melvin now, so there it is folks, our free market. You can't buy the shares you like because reasons.
 

ThatNerdGUI

Prophet of Truth
Member
Mar 19, 2020
4,551
So much for these big hedge funds and Citadel trying to manipulate the market and making people panic sell. You cant fuck with the internet, I thought they would've learned that by now.
 

Outtrigger888

Member
Oct 27, 2017
2,308
You realize that this level of trading is minimally retail right?

It's all HF. The only HF that got killed were the short guys. Every single high frequency and most long only funds are driving the prices up. It's why you see such massive volume and the playing after hours.

Only HF getting screwed are the short ones. The rest are making a killing.

Even with brokers combining orders, you have option contracts going for $1M each and massive blocks getting traded. Hedge funds are driving the volume here.

my retirement jumped 20K in the past week, its never come close to jumping like that. I'm curious if the people controlling my investments are on this train.
 

Deleted member 5596

User requested account closure
Banned
Oct 25, 2017
7,747
Sounds like RH goes through Citadel.

It was always the case:
How Payment For Order Flow is impacting markets: The Robinhood and Citadel Case

The investigation by FINRA relates to the time of October 2016 to November 2017. The problem with Robinhood at the time was that the majority of its PFOF was routed through Citadel Securities. Citadel Securities is a market maker whose majority owner is Ken Griffin, the founder of the hedge fund Citadel. Without checking with other market makers or directly the exchange for better execution Robinhood likely received a significant premium on its PFOF from Citadel as it allowed Citadel to profit much more of Robinhood trades than other brokers.
 

Regulus Tera

Member
Oct 25, 2017
19,458
soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo what service are you guys using now that Robin Hood became a class traitor?
 

Tater

Member
Oct 30, 2017
2,594
I'd just like to make another plea for sanity, be responsible and only risk money you're comfortable losing.

But wow does the mania fire up the dopamine receptors. This is almost as good as being hot at a craps table.
 

Joedev

Member
Apr 24, 2018
406
I just dropped $200 in RH and managed to get an order in for a couple of stocks that are no longer allowed (made the buy order minutes before they changed them). I thought those orders would be cancelled, but they went through and I now have a few shares. Mainly just doing this for fun and seeing where this will go...
 

FlashFlooder

Member
Oct 30, 2017
579
you guys really need to open a grown-up account with a respected brokerage if you want to stop getting screwed. RH is notorious for going down (sometimes for days) at the most inopportune times.
 

guitarguy316

Member
Nov 3, 2017
1,477
There's literally no services you can invest in right now unless you had a previous account, seems like a missed opportunity.
 

Chopchop

Member
Oct 25, 2017
14,171
I'm amazed the price didn't drop right away when it crossed that 420 mark. Though the crash back into the 400s probably was part of that.

The whole thing happened so fast. That's why limit orders are good.
 

amplituhedr0n

Member
Oct 28, 2017
125
so... how screwed is Melvin?
Melvin was 140% short, which means the ENTIRE Hedge Fund goes bankrupt if GME hits $175. $175 was impossible they said. That was passed easily over 48 hours ago.

Melvin's out of the picture so now it's just a matter of waiting for the gamma squeeze tomorrow to see where this thing lands.