One example applicable right now, if you bought today at the low in the 70s, you could be near doubling up right now since it appears to be shooting up again, and now halted at 137.
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For anyone tempted to buy in now, this could either go up OR this could be a dead cat bounce which basically happens one last time as a bunch of the last speculative buyers get in before momentum leaves.
I have no idea if it is that but uh... be careful yolo'ing in on the dip.
Kind of interesting Mark Cuban is on WSB doing a AMA atm.
I have no idea if it is that but uh... be careful yolo'ing in on the dip.
Kind of interesting Mark Cuban is on WSB doing a AMA atm.
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That was the biggest short ladder attack we've seen so far. Soon as things let up, it started to rocket and was immediately halted three times within 10 minutes. The manipulation is clear as day, just look at the charts for GME, AMC, and other "meme" stocks. They all look exactly the same.
Don't settle for losses. Keep holding if you can afford to.
Don't settle for losses. Keep holding if you can afford to.
Why all the halting?
Is it because the stock market doesn't like the price jumping too wildly?
Double my shares, and improved my costing average. I'm holding.
I wouldn't buy in right now, no.
What does this mean? Where did you find this info?
There should still be some short interest in the game, so we could in theory see another price bump if they decide to buy themselves out. The problem is that, without any independent upwards pressure on the price, it's not really clear why they would want to close their positions instead of just holding their shorts. You would need an exogenous price catalyst of some sort to trigger another squeeze, like Musk going ham on twitter or whatever.
Man, this whole thing is so facsinating. Completely agree that WSB reads like like a Q-Anon cult forum these days - whole lotta confirmation bias - but some things dont just add up.
The whole Silver narrative that the media has been pushing these last few days, did definitly not come from the WSB from what I saw. The more savvy parts of media has been catching this as well.
The fuckery afoot gives me more confidence in the GME and AMC squeeze than anything.
ROFL You sir or mam, are my hero xD
The whole Silver narrative that the media has been pushing these last few days, did definitly not come from the WSB from what I saw. The more savvy parts of media has been catching this as well.
The fuckery afoot gives me more confidence in the GME and AMC squeeze than anything.
ROFL You sir or mam, are my hero xD
It's automatic, "circuit breakers":
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What Is a Circuit Breaker in Trading? How Is It Triggered?
Circuit breakers temporarily halt trading on an exchange when a security or broad index moves in excess of a pre-set threshold amount.
No idea but:
It is on the document. Shorting it further restricted I assume...
It means those who are short (hedges) have to hold their shorts or get out by buying at market value. They can't buy more shorts, which also means they can't perform any more ladder attacks to artificially decrease the stock's value, as they have been over the last few days.
People please don't buy into the conspiracy theories here about GME. Only invest what you are willing to lose and understand that it is a very risky investment right now. It is likely to be very volatile today and jump up and down quickly, don't buy in expecting instant gains because you saw a massive jump.
Also don't buy into that stuff WSB is saying about options expiring today and the squeeze happening for sure, options don't expire on Tuesdays and any talk of a squeeze is pure speculation, the short positions may have simply taken their losses at this point and moved on. Really only invest what you are willing to lose, this is basically gambling with unknown odds at this point.
Also don't buy into that stuff WSB is saying about options expiring today and the squeeze happening for sure, options don't expire on Tuesdays and any talk of a squeeze is pure speculation, the short positions may have simply taken their losses at this point and moved on. Really only invest what you are willing to lose, this is basically gambling with unknown odds at this point.
There's some shit that fundamental doesn't make sense in terms of overall trading volume and the constant short ladder attacks we've seen every day. People on WSB have been even providing the receipts. It's a strategy that hedge funds ACTUALLY can use. And I'm going to take a wild guess that whatever fines/penalties that will be enforced for this while substantially be lower than the losses that they are avoiding from this strategy.
There has been legitimately a ton of new accounts which came along with a ton of bots posting and mods having to ban them.
Every news article in the media referenced Reddit as promoting silver and almost no one in Wallstreet bet was doing that.
And people are equating the entire place to Qnon?
It would take conspiracy upon conspiracy upon conspiracy to reach levels of Qnon. I would say give it time before you make that jump...
And yes, I'm aware of all their weird idol worship and shitty content that people post there are certainly cult like aspects of that group, but Qnon is a whole another level of ridiculous conspiracies.
There has been legitimately a ton of new accounts which came along with a ton of bots posting and mods having to ban them.
Every news article in the media referenced Reddit as promoting silver and almost no one in Wallstreet bet was doing that.
And people are equating the entire place to Qnon?
It would take conspiracy upon conspiracy upon conspiracy to reach levels of Qnon. I would say give it time before you make that jump...
And yes, I'm aware of all their weird idol worship and shitty content that people post there are certainly cult like aspects of that group, but Qnon is a whole another level of ridiculous conspiracies.
Seeing a Twitter account like that linking to the NYSE site is surreal lol.
I see, thanks.
I guess we'll see how this affects the stock price in the next few days.
I would say for anyone coming new not even think about involving yourself in this right now.
There are so many sensible investments to make. This is literally more of a gamble than it's ever been over the past week.
I'd echo that to eternity. People should take any piqued interest in stocks and convert that energy into learning the basics. Take the time to understand things instead of playing catch-up with knowledge. Then, if it's still your cup of tea, make a confident entry with some research at your back.
eToro allows for that. Maybe other platforms also allow for it too, but eToro is the only one i know for sure.
I might be wrong, but i think one of the idea behind automatic halting is to have some security in case a stock drop too fast in price, so people have more time to react.
Hooray financial regulations put in place after previous market corrections?
So weird seeing this place complain about these types of things. Halting circuit breakers, collateral requirements, uptick rule... all bad now?
Short ladder attacks work on low volume stocks because large players can hurt price discovery. It's not going to work on GME, the volume is sufficiently high enough to prevent that.
And just like QAnon, just shouting short ladder attack doesn't make it true.
Trust the plan (just keep moving the goalposts, it was Friday Options Expiration, Tuesday Option Buying, Short Sales banned Wednesday....)
Haha, I laughed way too hard at this. Has a "stop buying candles" "no" vibe. Thank you, needed that.
******NOT A FINANCIAL ADVISE*****
Do. NOT. Fall. For. Bull. Trap.
You're HONESTLY bound to make more money investing in ANY decent stock.
New investors, now that you've tasted the market, buy something smart.
CCIV
BLNK
XL
TSLA
SPCE
MSFT
AAPL
IPOE
FUBO
SNDL
PLUG
PLTR
LI
NIO
TLRY
Anything man. Anything.
Do. NOT. Fall. For. Bull. Trap.
You're HONESTLY bound to make more money investing in ANY decent stock.
New investors, now that you've tasted the market, buy something smart.
CCIV
BLNK
XL
TSLA
SPCE
MSFT
AAPL
IPOE
FUBO
SNDL
PLUG
PLTR
LI
NIO
TLRY
Anything man. Anything.
although thinking about where a lot of people pouring cash into this were back in '08 it makes sense people are upset at brokers not offering stocks, etc. i guess
No it isn't. This is to be expected with people coming into a world they know nothing about making stupid decisions.
Because there are thousands of people buying and selling all the time? Current volume at this time is 52M shares today.
What leads to massive jumps or drops is large volume of sales. Large volumes can move the price entirely on their own. We are talking millions of dollars of shares being moved.
Think of it this way. I want to buy 10000 GameStop shares. 100 people holding 10 shares want to sell at prices ranging from $195 to $215. If i enter the 10000 GameStop shares in at market price, as I buy, the stock will slowly push up as I buy up the supply at lower levels.
Now imagine large investors are throwing around millions of dollars.
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A ladder attack is through selling, not shorting. From what I understand, this won't have any impact on their ability to ladder attack.
should i take my L and go and or double down with diamond hands....
Have you been looking at charts over the past few days? GameStop had relatively low volume (during this time trading was also limited on GME across multiple brokages). Even the bid ask and prices going back and forth and the quantity at each of those incremental prices looked strange. This is just what I've been observing after it was pointed out.