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I cannot post what should be done with this asshole.
Just shows how disconnected these monsters are
Everything ends poorly for people without money in this country
It's finally time for one thing to go wrong for hedge funds
Yeah as a sensible investment it's high risk, some will get high reward, many others will get burned. A lot of people will be breaking the don't invest in what you dont understand "rule".
As a gamble, bit of fun or the chance to screw over hedge funds it's great.
I'm being told this behavior is bad for the market, bad for my 401k, what's any of that have to do with hedge funds built around shorting? Basically WSB's is a virus and wall street needs to get back to normal...
Bought the dumb dodgecoin because I'm dumb & want to meme. Robinhood has been robbing us all from the meme stocks today.
He was charged with insider trading, he hates anything that will hurt rich people, and he fought with Obama over taxes for years
His thoughts on this situation should be regarded as null regardless of what he says
It's "boogey man" style bloviating to get regular people to stop playing the same game that the privileged people have had exclusive access to for years.
In this case, the hedge fund managers will be the ones hurting.
I don't mean he's a good person but at the most basic level he's right. This isn't going to end up in some glorious rebound for Gamestop or the destruction of the rich. Gamestop is NOT worth what its going for right now. This is entirely speculation right now, from both Reddit and the Hedge Funds. No investment is happening at all.
I wish that is what will happen. But I doubt it. Love to be wrong though.
This is a sideshow. A very expensive sideshow for some people, and will not hurt you. People want you to think it hurts you because it hurts them, and it only hurts them because they already hurted any more with their actions
Gamestop is not worth what it is now, that is true, but it also should not have been short traded into the ground when it was at $3. This would not have happened now without that happening over the last few years. And today actions are only looked up as "wrong and illegal" because the wrong side is having a small win
Hedge funds who short stock 140% (higher if you look at free float) are the virus. This is a symptom that will correct greedy behavior, maybe further regulate this shit.
They work at an investment firm or something, not as an investor though. So idk, not bad mouthing anyone, just confused.
That's for you to decide. Figure out a realistic price you'd be happy with selling at, and then set a limit order to sell however many share you want at that price. Set the order to run for however long you want it to. That way, it'll trigger whenever the price hits that point and sell immediately, without you needing to watch and manually place your sell order. It also protects you if the brokerage lags or goes down right when you want to sell. If you want to leave some shares left over to sell manually then go ahead and do so, but I'd put a few limit sell orders for some shares just to play it safe.
I was reading up on it earlier today, and it does sound way fucking shadier than what WSB people are doing right now. How the hell is it legal to sell shares that you've borrowed from someone else?
I feel like you need to have the ability to day trade if you want to actually get out from these stocks when they are indeed going to plummet for good.
I had a 401k account through my job for fidelity so I probably got in more easily than average.
I only have AMC currently on it in terms of meme stocks. I have a small bit of lg and some nintendo.
I just didn't know what to do to enable it, and the small number of day trades it does allow has been enough.
I only have AMC currently on it in terms of meme stocks. I have a small bit of lg and some nintendo.
Gotta contact support but you don't have the ability to go back to an instant account and have to make alts.
can someone tell me why Gamestop doesnt just issue more stocks to put a halt to this, while helping them make profit?
whats the most possible outcome here? large share owners cash out quickly, and leave little guys using digital apps holding shit in a bag and frozen app?
whats the most possible outcome here? large share owners cash out quickly, and leave little guys using digital apps holding shit in a bag and frozen app?
Something about share dilution, which is an even more complicated issue than what we have now. And I believe new shares can only be offered when a company concurrently raises additional equity capital. Which I don't think GameStop is in a position to do right now.
If someone did "make a call" to get RH to pull those stocks then it likely wasn't a bribe. Citadel has them by the balls being their market maker.
'People on Wall Street only care about the rules when they're the ones getting hurt'
*nods sagely*
1/28 - closed at 193.60
GS has an ATM shelf available and they could be using it. Logically they should as it reduces dilution. The issue is that they don't need the cash and May put themselves as some risk.
1K in for dogecoin, hopping on the hype/meme train since all the stocks options are blocked by RH.
only the short ones. The rest of them have been eating like crazy. They are riding flows up and selling.
Y'all are crazy if you somehow think these volumes are retail.
retail is such a small portion of the daily trading volume even here.
Hedge funds are making block purchases of significant size.
Why?
should we also ban all option trading betting on a stock going down?
this is an illogical take.
China also banned short selling for awhile because people were betting that a bubble had formed.
the one way to inflate a bubble is to pop any bets on the other side
