onesvenus
Member
eToro has blocked pre-market trading on Gamestop400$ pre-opening
Europeans
Let's goooo!
The battle over Gamestop is getting really interesting
- Thread starter LordOfChaos
- Start date
D.Final
Banned
Holy Cow of Boy
Buggy Loop
Gold Member
By the way, shorts don't expire. Today, if they don't simply stop all trading and NYSE stops activities, if we hold the line and a majority of calls are ITM (in the money), we'll see gamma squeezes. Very unlikely any short squeeze happens today. Next week, maybe. It can take a while.
Yesterday there some share sells that happened at 2600$, you read that right. At one point some shorters were so desperate this early in the game that it happened. So fuck 1k/share limit, this thing might really go way beyond VW squeeze, and it makes sense since VW was not nearly as shorted and the market caps back then were much smaller.
(Not financial advice, I'm just an ape)
Yesterday there some share sells that happened at 2600$, you read that right. At one point some shorters were so desperate this early in the game that it happened. So fuck 1k/share limit, this thing might really go way beyond VW squeeze, and it makes sense since VW was not nearly as shorted and the market caps back then were much smaller.
(Not financial advice, I'm just an ape)
Davey Cakes
Member
Funnily enough, Alex from Angry Joe's Gaming News Show explained it as well or better than some of my favorite political commentators. All in the wording.
I think what trips people up is the "borrowing stocks" part. I bet most who're observing this situation don't even know that's a thing.
Welp. Time to go watch The Big Short again.
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Keihart
Member
I read that those 2.6K was Robinhood buying fractions before they blocked buying.
Uhtred
Member
Same, I'm gonna miss theI opened a brokerage account with my bank thinking it would be faster than the app and after filling a huge ass questionnaire with my account number, photo ID and everything I still have to wait 2-3 business days for it to be "approved". It's so infuriating I'm boiling with rage.
How come people online are able to invest so quickly? Too many roadblocks I completely missed the boat.
Tomorrow will be a sad day for me
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
I opened a brokerage account with my bank thinking it would be faster than the app and after filling a huge ass questionnaire with my account number, photo ID and everything I still have to wait 2-3 business days for it to be "approved". It's so infuriating I'm boiling with rage.
How come people online are able to invest so quickly? Too many roadblocks I completely missed the boat.
Tomorrow will be a sad day for me
People use everyman trading apps like RobinHood that evidently completely fuck people over on a whim. They use them because they're simple to use and rather than charging you for transactions, they sell your data to Wall Street. They rarely require you to jump through hoops and wait to start trading so they're very appealing to people who just want in quickly.
A real broker is always a better option as long as you aren't trading a few bucks at a time. And you may not miss the rocket brother; the squeeze isn't in yet. And it could last days.
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Buggy Loop
Gold Member
Wow
I really hope today we see Elon join, that would be amazing and a revenge on shorters who tried to fuck him for so many years.
Handy Fake
Member
Honestly read that as "Elton John".
Rien
Jelly Belly
Yeah me 2 lol
Buggy Loop
Gold Member
Not get get political, but I'm sure explaining this to a guy near 80 years old is going to be fun
Joe Biden grabs the phone : "Hey Pelosi, what the hell? Your insider trading didn't catch this or you didn't tell me?"
*Nightwing
Banned
Not get get political, but I'm sure explaining this to a guy near 80 years old is going to be fun
And when the person explaining is in wall street's pocket as well as Biden himself I wonder which side they will take?
Yellen Earned $7.2 Million In Speaking Fees Over Last Two Years
She gave speeches to dozens of companies including Citi, Credit Suisse and Salesforce.
www.forbes.com
Wall Street spent over $74 million to back Joe Biden's run for president, topping Trump's haul
Biden's haul from Wall Street tops what Donald Trump and Barack Obama raked in but falls short of what Hillary Clinton raised in 2016.
www.cnbc.com
thismeinteil
Member
Not get get political, but I'm sure explaining this to a guy near 80 years old is going to be fun
Well, I think a lot of people are going to be in for a shock if they think the elite Dems they just voted in are going to back the little man. I'm sure the messaging will be, "Yes, we believe in the little guy winning and making money, BUT to ensure that these bigots don't game the system anymore we must enact these regulations." Of course, the rich on Wall Street will have no new regulations put on them or this immoral short selling to destroy a company. Hell, they'll probably throw in a bailout for good measure.
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Aesius
Member
Some MSM outlets are already trying to blame this on Trump supporters and alt-right extremists lmao
thismeinteil
Member
Lol, no doubt. When in doubt, blame Trump and hope the TDS holds you over.
Fox Mulder
Member
Not get get political, but I'm sure explaining this to a guy near 80 years old is going to be fun
theyre going to be pro Wall Street. Biden and the swamp monsters are in full control now. Yellen even took money from the group being fucked from this.
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Wherewithal Not Found
Member
I'm up $300 bucks after a single day.
LordOfChaos
Member
As long as we close today where premarket was indicating, we're doing well! Watch out for another turning off buys and only allowing sells attack, but we just need to hold here, and this guy is here
Buggy Loop
Gold Member
Aren't Warren, AOC and many others on board that Wall Street fucked up and traders just saw opportunity by playing by the rules?
Say White House is on Wall Street side. OK, what now? You can't fundamentally just pop a short balloon and give the money back to short sellers, fucking over many many other traders, not just WSB, but there's hedge funds that are bullish too. And having that kind of fiasco, with the world's eyes on it at the moment? That would start off his presidency in fucking chaos.
Say White House is on Wall Street side. OK, what now? You can't fundamentally just pop a short balloon and give the money back to short sellers, fucking over many many other traders, not just WSB, but there's hedge funds that are bullish too. And having that kind of fiasco, with the world's eyes on it at the moment? That would start off his presidency in fucking chaos.
Buggy Loop
Gold Member
I'm up $300 bucks after a single day.
The real meter around this forum is how much money
LordOfChaos
makes while taking a shit. Last time it was 16k$.Wherewithal Not Found
Member
I considered the money I put in lost the moment it hit the market. As long as everyone else stays so will IThe real meter around this forum is how much money
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
Trump probably quite thankful that he dodged the bullet of choosing between pissing off banker/WS buddies and the rest of the planet.
tusharngf
Member
Not get get political, but I'm sure explaining this to a guy near 80 years old is going to be fun
guy is a veteran nothing to worry about him. he has been in the office for past 40yrs. lol
BigBooper
Member
I think it was a bug in Robinhood's fractional system, but maybe.
Buggy Loop
Gold Member
There's no squeeze today most likely. We'll see gamma squeezes for certain, but short squeeze might take days.
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
No squeeze today. Buy the dip if you believe.
Andodalf
Banned
There's no squeeze today most likely. We'll see gamma squeezes for certain, but short squeeze might take days.
Then may God bless everyone's hands, and keep them
LordOfChaos
Member
It's almost like they pull the same shit every time this happens. If we close higher today we're in good shape.
Buggy Loop
Gold Member
'
It's almost like they pull the same shit every time this happens. If we close higher today we're in good shape.
VW was 6 days in the red before it took off to the moon. I think I'm 2021 though, things move faster than 2008 with everyone able to trade on a cellphone, but yea. They'll use the same playbook.
Ornlu
Banned
D.Final
Banned
It will be epicBe ready for the Anime Intro vs. Anime Outro trope to play out in real life.
Buggy Loop
Gold Member
Gamestop bought ~35 million shares at 5$ in 2019.
But they made a investor promise to not sell more than 100M$. If they're smart, they went ahead and got those 100M$ at the peaks of this, because then it barely costs them much shares (~250k shares).
After that, can they tweak around this promise to pay off their entire debt, i would hope so.
They were about to be bankrupt by these hedge fund leeches, i think whatever happens now, they'll never be 140% share shorted ever again and there might be laws against this eventually, so even if stocks plummet back to 30$ in the end, they're much better off without the leeches wanting them to bankrupt.
But yea, outside of a few moves they can operate with, they can just sit back and watch, and hope the traders win and not the hedge funds, because the hedge funds placed full house at the casino against them and made GME the most shorted stock probably in history.
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LordOfChaos
Member
Fuz
Banned
YOU'RE MARRIED TO A DOG?!This is my wife
Buggy Loop
Gold Member
SEC reviewing volatility amid GameStop frenzy, vows to protect retail investors
The SEC said it will work to protect investors by reviewing the recent volatility that has fueled a meteoric rise in stocks like GameStop and AMC Entertainment.
www.cnbc.com
OMG?
Bit_Reactor
Member
So I'm a dumb ass. If you buy in at the dip can they keep you from cashing out or something?
My worry is buying in if/when the next dip is, and then them going "nope you can't cash out" and that's all I want to do, lol. I heard Webull lets you test/try this with "fake" paper and such but I'm just curious if they can fuck you over when trying to get your payday.
My worry is buying in if/when the next dip is, and then them going "nope you can't cash out" and that's all I want to do, lol. I heard Webull lets you test/try this with "fake" paper and such but I'm just curious if they can fuck you over when trying to get your payday.
Ornlu
Banned
In all honesty, the only advice people should be giving to you, me, or anyone else who doesn't really know what is going on should be "Don't get involved". Getting into this shit at $300+ is taking on a lot of risk for normal people; things could easily go tits up.
BigBooper
Member
Well that would be failure to provide service that they agreed on, so you can then sue and/or join the class action lawsuits that would result from that.
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
In this scenario, they want you to sell. They've been trying to stop people buying because it raises the price. If anything, some shitty apps will completely strop trades.
But no, you should be good to go, just know what you're getting into. No guarantee this works out as planned, but if it does, you're gonna see a hell of a return if you cash out at the right time. Only put in what you're willing to lose all of, don't put in 300 to bail out when it drops to 150.
Disclaimer: I am an idiot, not a financial advisor
Bit_Reactor
Member
Yeah I'm not like throwing my savings into it or anything but I see it's dipped to 100ish twice over the past 48 hours and I was just curious about buying in at that point.
I know there's "After hours" where only the funds can trade/sell, does that tank the price and then when retail investors are allowed back in it raises because people start buying again? That's what I'm getting from the news I've read so far.
I'm well aware it could all just crash and burn but making 200 on a 100 stock when the current value is 300ish doesn't seem like a bad way to try this out.
I'm being overly cautious so I know I won't get the fat paydays others are, but that's because I'm a panzy who's been deathly afraid of the stock market due to it basically being a giant ass slot machine and me being extremely wary of losing savings lol.
Yeah I wouldn't buy now, I'd wait for another dip to go lower (if it even does) before buying if even possible.
Lol if I had the money to afford a lawsuit that could even scratch the surface of some of these corps I wouldn't be considering losing money in a stock market/gambling machine to do so
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Buggy Loop
Gold Member
As long as we close today where premarket was indicating, we're doing well! Watch out for another turning off buys and only allowing sells attack, but we just need to hold here, and this guy is here
10x increase
This is the way.
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
Honestly, this isn't really the stock to do that with. You're far better finding something you're way more comfortable putting money into that will give you a steady but small profit over time. I did it when Classic WoW launched because I was balls deep in that world and new exactly how popular it was going to be - I made money, but funnily enough, I still jumped out of Activision way too soon, they launched Warzone and their stock is at an all time high. But I had zero hesitation in my mind that I'd make a little something on the back of an inevitably popular product release.
Again, I have no idea what I'm talking about and nobody should listen to me for financial advice. So much so that my answer to your question on after hours is "yyyyyeeesss?" with a large question mark.