I can afford to lose it, but it's just hard to lose money haha. I would still be profitable at the current price.
The battle over Gamestop is getting really interesting
- Thread starter LordOfChaos
- Start date
LordOfChaos
Member
LULD always comes with a hit, but the momentum behind it usually comes back. It's not like brokers turning off buys.
If you need it, if it's life changing, take some, but I wouldn't sell on a drop
D
Deleted member 17706
Unconfirmed Member
Holy shit... that drop. AMC, too.
Buggy Loop
Gold Member
Smh, order book is filled with 1 shares at 248.68, smells like bullshit
UnravelKatharsis
Member
This kind of drop can only happen when hedge funds are selling off. No way retail investors did this.
Buggy Loop
Gold Member
The volume does not match a $130 drop
LordOfChaos
Member
Dear SEC, the D in LULD is for Down, as well as doing the limit up thing 
AGRacing
Member
Strike 3 of not hitting 800 - 1000 a share like these ridiculous reddit posts. You have to realize that regular human beings pulled into this are going to panic selloff when they double or triple their money. Even a thousand dollars will pay off a big bill or buy a 4K TV they didn't have. Asking to hold that hard is a BIG ask for I'd guess MOST people.
LordOfChaos
Member
It did break right through the 420.69 meme target last time until the broker cockblock to be fair. Most were still holding then until brokers turned off buys. You may disagree but I do think 1000 was in reach that first time, the 420 sell wall was gone, the after hours were 500.
Buggy Loop
Gold Member
Andodalf
Banned
Scariest scene in a family movie ever.
LordOfChaos
Member
30 minutes ago: Oh no, what if I faded too much for the moon rocket?
Now: Oh no, what if I should have faded more?
Nah but a LULD never killed the meme train before, just put in setbacks. It took something big like big brokers turning off buys to kill it last time.
Edit: And dat bounce. There was your dip?
That's why I set my limit sells and leave it alone, then I get this dopamine ride every time it does something major lol
Now: Oh no, what if I should have faded more?
Nah but a LULD never killed the meme train before, just put in setbacks. It took something big like big brokers turning off buys to kill it last time.
Edit: And dat bounce. There was your dip?
That's why I set my limit sells and leave it alone, then I get this dopamine ride every time it does something major lol
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Buggy Loop
Gold Member
30 minutes ago: Oh no, what if I faded too much for the moon rocket?
Now: Oh no, what if I should have faded more?
Nah but a LULD never killed the meme train before, just put in setbacks. It took something big like big brokers turning off buys to kill it last time.
Edit: And dat bounce. There was your dip?
That's why I set my limit sells and leave it alone, then I get this dopamine ride every time it does something major lol
Oh you're on wealthsimple? Isn't the buy/sell fee for US securities like 1.5%?
LordOfChaos
Member
Yeah I am, I know I have to move to another platform soon at least for my US holdings as that fee can get to be a lot. That's the only fee they charge at all though, you can spam CAD holdings as much as you want, plus they never let others borrow your shares nor blocked anything during the Robinhood route, so it's not so bad.
Buggy Loop
Gold Member
Yeah, I started with Questrade actually, because wealthsimple had these no USD wallet and no options. I registered not long ago still for Canadian stocks, but I have not started anything so far, too much money in USD on Questrade that are in roller coasters haha.
Wealthsimple's road map looks good in the next year or so though.
Wealthsimple's road map looks good in the next year or so though.
Buggy Loop
Gold Member
Wtf, why would it be halted right now? It barely budged a couple of % up
GhostOfTsu
Banned
Why are they still shorting it and losing billions? It went down to 40$. I would have closed everything and be done with this mess a long time ago.
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Reizo Ryuu
Gold Member
Buggy Loop
Gold Member
GME is on SSR list for tomorrow, hahahaha. Oh god, know what? Might even be the long HFs that pushed it a bit more for a trap to shorts to trigger it. Tomorrow's gonna be bananas
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Buggy Loop
Gold Member
You don't end up on Wall Street as a hedge fund manager, dealing with billions/trillions in assets, by throwing the towel any time something hard happened along the way. If you have methods to limit the bleeding and save the portfolio of your customers, which if you don't, you're lawsuited to oblivion. They'll do anything, even illegal, because SEC has no teeth.
LordOfChaos
Member
Momentum carrying forward, this is why you don't panic sell on a drop into the red on a LULD! Looks like a fight for direction happening but trending up
As a wise man put it, we can stay retarded for far longer than they can stay solvent. They thought it was done and GME would trend down after hitting 40 again. They were buying their "dip" but just getting trapped more.
As a wise man put it, we can stay retarded for far longer than they can stay solvent. They thought it was done and GME would trend down after hitting 40 again. They were buying their "dip" but just getting trapped more.
Buggy Loop
Gold Member
I think AH might surprise us. Back in January, when these low volume drops happened, it always climbed up AH. Back before the Jan 27th peak, it was full of ~100$ dips, until it peaked and they pulled the plug.
Same playbook.
Same playbook.
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LordOfChaos
Member
There were actually SEVEN halts today, but it's still fighting for upwards direction
Buggy Loop
Gold Member
And if you had any doubts that shorters were in a bad position, that they « covered », what happened today is proof enough they are still in deep shit. Nothing about that was retail.
Buggy Loop
Gold Member
Well not bad of a closing considering what happened haha.
LordOfChaos
Member
I'll never not laugh at this
Real fight for direction today after the 6 halts but still closing up, still where we want to be in the end.
Real fight for direction today after the 6 halts but still closing up, still where we want to be in the end.
Reizo Ryuu
Gold Member
I swear if the GME movie ain't about to be the greatest piece of entertainment in a decade.
Buggy Loop
Gold Member
They better not fuck it up.
UnravelKatharsis
Member
Considering the media coverage, if there is a gme movie made, it will be about how the retail investor villains crashed the market. It won't be the next wolf of wall street.
LordOfChaos
Member
DFV should play himself and Vlad in the movie
Buggy Loop
Gold Member
Huh, guys, WTF? Fidelity active trader pro terminal :
the SEC/Government Can't Intervene Now
Nearly all common retail graphs average out anomalies (while some still appear). But you see this? This is HFs dick waving.
The play's not done yet
the SEC/Government Can't Intervene Now
Nearly all common retail graphs average out anomalies (while some still appear). But you see this? This is HFs dick waving.
The play's not done yet
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Dusktildawn48
Member
Not GME related, but my AMC shares weren't happy today. I shouldve bought more during the big dip.
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Dr. Kitty Muffins
Member
AMC shot back up during after hours trading.
Dusktildawn48
Member
Still $2 below the max before the plummet.
Buggy Loop
Gold Member
At this point, GME, AMC, BB, KOSS, NOK and so many others are basically in the same roller coaster now, so i think it's fair game to discuss it here.
I'm telling you guys, it's financial WW3 between institutions. Big Fucking Whales duking it out.
Retail can't do this shit, look, almost no NSDQ (retail), these are blackpools, high frequency trading between HFs
Buggy Loop
Gold Member
Marketwatch's article about the crash, was indexed 14 hrs ago ??
Goddamn, i really don't like conspiracies, but this is... actually wait, that's Jim Cramer's fucking tactic he explained in that infamous video haha.
Buggy Loop
Gold Member
Good morning everyone
Anyone still strapped in? Is it your first ride?
Anyone still strapped in? Is it your first ride?
LordOfChaos
Member
Buggy Loop
Gold Member
It's so accurate, nothing surprises me anymore with GME. I expect fuckery at every turns.
So anyway, today is SSR, tomorrow also is SSR. This look like end of January 's playbook, tick for tack. Check if you have your helmet.
For a noob, what is a halt and why are they done?
LordOfChaos
Member
LULD halts are based on extreme price movement within a 5 minute span, they're meant to let heads calm down if something is melting down or up.
GME had 6 trading halts in 30 minutes yesterday, a trading halt is 5 minutes...I'm no mathlete but that has to be a record lol
Reizo Ryuu
Gold Member
yes, until it isn't ;P.
If you're in on this, you kinda just have to accept you're going for a ride and just strap in.
D
Deleted member 17706
Unconfirmed Member
Saw this on wallstreetbets and had to share. This has to be one of the craziest videos I've seen.
I hope this dude's real name is Chad.
I hope this dude's real name is Chad.
Buggy Loop
Gold Member
Ryan Cohen's tweet
uhm.. ok
Squeezing it out?
Or, scene before this?
uhm.. ok
Squeezing it out?
Or, scene before this?
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