I don't know about everyone and their grandma. Now people have to find places that will sell them. Robinhood is literally restricting to 1 AMC stock right now lol. I got 25 sitting. I wanted to put 2k into it though. Trying to figure out my fidelity account.AMC will shoot up Monday as a bunch of shorts expire. They will have to buy up stock to cover. Everyone and their grandma will be getting in.
God I hope so. I've got 1K in AMC at the moment, got in while it was below $13/share so it seems to be hovering right around that point at least.AMC will shoot up Monday as a bunch of shorts expire. They will have to buy up stock to cover. Everyone and their grandma will be getting in.
Yeah, me too. I got 10 shares but I'm thinking about some more...I hope I'll be able to buy some AMC stock Monday morning before shit goes up. Fidelity warning me it could spike up or down by market open
Higher if you ask me, amc was 30 bucks a few years back.
God speed.I have 178 ($2500) shares of AMC. My wife wanted to dump WAY more but I was like "...let's be safe". Now I want to do like $5000 more.
Wth...Robinhood is apparently not letting people view their statements? Which some require to switch brokerages.
Apparently Fidelity just needs your RH account number and will cover the $75 fee to RH
No buying restrictions either
Seems to me BB and Nokia aren't going much of anywhere anytime soon.
Second reply here
That's awesome. Not a lot to go on as far as how it actually works.. any restrictions, etc... will check my fidelity account and try to figure it out though. Opened it for trading a day or two ago and if they really aren't going to charge me a fee I'm definitely more motivated to try to transfer stuff over quicker. Assuming it doesn't block me from making trades this week.
Are funds transferred from and external bank account (let's say BoA) availabile immediately to trade on Fidelity like on Robinhood?
I mean, if you can spare the money and buy on a dip I think it's relatively lower risk. You probably wouldn't have a hard time selling above $10 at some point in the future, so if you can buy in at ~$12 like we saw the past few days it should be pretty safe. You could lose money but likely not a total loss.I'm irrationally thinking about a five figure buy for AMC. No risk, no reward.
Yeah. That's what I'm thinking. If I lost it all, it wouldn't be the end of the world. It would just set me back a year or so for money that otherwise would've gone into savings anyway. No spouse. No kids. YoloI mean, if you can spare the money and buy on a dip I think it's relatively lower risk. You probably wouldn't have a hard time selling above $10 at some point in the future, so if you can buy in at ~$12 like we saw the past few days it should be pretty safe. You could lose money but likely not a total loss.
What trading app are people flocking to from Robinhood? Reddit people have been saying Fidelity but seems like mixed reviews
looking for somewhere that never tried to stop people like Robinhood and some other apps did last week
Might as well lol this is probably a once in a lifetime phenomenon.Well well well, billboards are surprisingly cheap. Might have to get in on advertising $GME and $AMC. YOLO, lol.
Honestly were at the point of "who the fuck knows". This entire situation is completely unprecedented. Hypothetically people being able to buy should help drive the price up, but that doesn't guarantee that nothing else will get in the way.Do you guys think this week will be the big one ?
lots of people have switch to different trade apps that don't have a limit and GameStop is known by everybody now since everybody has been talking about it
more like trying to help billionaires that fancy themselves to be the superior race to the worker bees peasants. These fuck heads have forgotten why people see them as the 1% & it's up to the 99 to show them. And pushing down the lid is not gonna cut It this time, too many people have been burn by a lot of shit: lockdowns, no support from the gov, having to beg for scraps while fat cats continue to get rich! This shit has been building and this stock shit is the common person trying to release the pressure while saying fuck you to them. And now, these asshole want to stop them? Talk about throwing gas on a fire!Sorry if already posted but one of UK's largest trading platforms has stopped anyone buying GME but also AMC
GameStop and AMC: UK trading platform IG stops new trades
The move by one of the UK's biggest trading companies comes amid a price war between amateurs and pros.www.bbc.co.uk
Really is despicable how they're trying to help the hedge funds.
who knows, Gme could hit 500-700 or just drop like a rock on monday and the same can be said about these other stocks. The only thing we can do is guess on what might happen and take the risk.Do you guys think this week will be the big one ?
lots of people have switch to different trade apps that don't have a limit and GameStop is known by everybody now since everybody has been talking about it
The bigger players should be fine, but if things get crazy enough technically any of them could put restrictions on again to cool things down until there's enough reserves.But the D.T.C.C.'s role is more than just clerical. Clearinghouses are supposed to help insulate a particular market from extreme risks, by making sure that if a single financial player goes broke, it doesn't create contagion. To do its job, the D.T.C.C. requires its members to keep a cushion of cash that can be put toward stabilizing the system if needed. And when stocks are swinging wildly or there's a flurry of trading, the size of the cushion it demands from each member — known as a margin call — can grow on short notice.
That's what happened on Thursday morning. The D.T.C.C. notified its member firms that the total cushion, which was then $26 billion, needed to grow to $33.5 billion — within hours. Because Robinhood customers were responsible for so much trading, Robinhood was responsible for footing a significant portion of the bill.
The D.T.C.C.'s demand is not negotiable. A firm that can't meet its margin call is effectively out of the stock trading business because D.T.C.C. won't clear its trades any more. "If you can't clear a trade, you can't trade a trade," said Robert Greifeld, the former chief executive of Nasdaq and current chairman of Virtu Financial. "You're off the island. You're banished."
For veteran players like Citadel Securities and JPMorgan Chase, generating additional hundreds of millions of dollars on short notice was not a problem. But for a start-up like Robinhood, it was a mad scramble.
Robinhood also popularized options trading among novices. An option is generally cheaper than buying a stock outright, but has the potential to lead to much bigger and faster gains and losses, which is why regulators and brokers have traditionally restricted trading in these financial contracts to more sophisticated traders.
Five figures is a wide span...but whatever it is, if it's not a huge deal I guess yolo. There's a chance of a reward (maybe even significant), and at the price it's at it seems like it could be relatively limited downside, particularly longer term. It's not crazy to think it could go up from the current level, as long as premarket on Monday isn't crazy and push it up like crazy.I'm irrationally thinking about a five figure buy for AMC. No risk, no reward.
That's my worry with AMC. Premarket drives it up and then it doesn't see much if a dip. At $10-15 it's not too bad, at $16-20 I don't know that I'd recommend it.Five figures is a wide span...but whatever it is, if it's not a huge deal I guess yolo. There's a chance of a reward (maybe even significant), and at the price it's at it seems like it could be relatively limited downside, particularly longer term. It's not crazy to think it could go up from the current level, as long as premarket on Monday isn't crazy and push it up like crazy.
Yeah, but even then just saying like if you get in at $20 and drops to $10, you're not losing everything. Still a significant downside sure, but nothing like GME's current downside.That's my worry with AMC. Premarket drives it up and then it doesn't see much if a dip. At $10-15 it's not too bad, at $16-20 I don't know that I'd recommend it.
GME is just a complete wildcard right now. Probably still room for easy profit if you buy during a dip, but who knows where it will go to or how long any spike will last.
Oh yeah for sure. And I think even if AMC drops back to $10, if someone holds it it will likely go up a bit once things reopen. A GME crash would be like $300 to $20, lol. At this point I wouldn't really recommend anyone new jumps in on GME.Yeah, but even then just saying like if you get in at $20 and drops to $10, you're not losing everything. Still a significant downside sure, but nothing like GME's current downside.
Oh yeah for sure. And I think even if AMC drops back to $10, if someone holds it it will likely go up a bit once things reopen. A GME crash would be like $300 to $20, lol. At this point I wouldn't really recommend anyone new jumps in on GME.