237.86 USD−108.51 (31.33%)
Jan 28, 11:02 AM EST ·
the sky is falling now , put on your tin foil hats !
237.86 USD−108.51 (31.33%)
Jan 28, 11:02 AM EST ·
the sky is falling now , put on your tin foil hats !
californiamilleghia said:237.86 USD−108.51 (31.33%)
Jan 28, 11:02 AM EST ·
the sky is falling now , put on your tin foil hats !
If you bought at 300, that would be a problem. If you bought at 4, or 14, or 30, that's still a good thing.
If I read my timing right, the reddit group got invovled at ~4 when some investors decided to get together and short the stock at 4. Even if it settles at 8, you will have doubled your money.
N Sperlo said:Robinhood has locked down GameStop, AMC, BlackBerry, Nokia, and some others. This will get more interesting.
People are already writing complaints to the SEC that Robinhood is engaged in market manipulation because of this
N Sperlo said:Robinhood has locked down GameStop, AMC, BlackBerry, Nokia, and some others. This will get more interesting.
That's pretty troubling about Robinhood. Taking away the freedom of it's customers to invest as they choose. I wonder if the pressure was internal or external.
Why is it falling though? The stock is highly limited for retail traders so is the fall the result of small traders bailing or institutions trying to manipulate the price down ahead of contracts?
Does that make me a conspiracy theorist? Perhaps, unless you consider that this whole thing was kicked off by hedge funds trying to manipulate GME price in the first place. Unless someone can explain the fundamentals of shorting 138%...
If you go on reddit and read the posts, this wasn't a (solely) money making scheme, they are doing this to intentionally berkeley the hedge funds that caused the 08 crash. They want to hurt them more than they want to help themselves. Lots of personal stories about how their family was hit by the recession. I have no idea how this is all gonna play out, but it's a pretty good David and Goliath story.
as Kenny Rogers said ,
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run....
I hope everyone here made a few bucks and buys AMC ( Rambler) 
californiamilleghia said:as Kenny Rogers said ,
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run....I hope everyone here made a few bucks and buys AMC ( Rambler)
I've pulled my GME and AMC out and am investing in NA futures markets.
Sold at the near the peak spike today at $410 before it went to the floor. Got a lot of my money back from what I paid out in the divorce so I'm happy.
I'm watching CNBC on TV and /r/wallstreetbets on the desktop. Two different worlds. (Slow morning at the office so far.) I'm seriously thinking of putting at least a few hundred $ into the rebellion.
I'm not involved, but I'm enjoying the fireworks. Power to the people!
Just in case you guys are interested, a different group of redditards think that Dogecoin is going to go to $1 per coin.
I bought $50 worth on Jan 2nd, its already doubled
All I have to say is that I hope the SEC regulates the "fix" to this, and does so quickly.
I can believe that a hedge fund that just lost billions would be willing not only to take this into their own hands, but also to do so a lot less 'legally' than the SEC would.
Robbie (Forum Supporter) said:All I have to say is that I hope the SEC regulates the "fix" to this, and does so quickly.
I can believe that a hedge fund that just lost billions would be willing not only to take this into their own hands, but also to do so a lot less 'legally' than the SEC would.
This could get extremely interesting extremely quickly. We've never had a situation like this with communication like we do today.
We now have AOC, Don Jr., Mr. Cruz, David Portnoy, Elon Musk, probably others (I think maybe Cuban) having critical responses to Robinhood shutting down trading on certain stocks, ranging from calling for fines to heads on stakes... It could get ugly, I cannot htink of a more dissimilar group to have common opinion on something as polarizing as this.
In reply to mtn (Forum Supporter) :
America does anything and it gets ugly quick anymore.
mtn (Forum Supporter) said:Robbie (Forum Supporter) said:All I have to say is that I hope the SEC regulates the "fix" to this, and does so quickly.
I can believe that a hedge fund that just lost billions would be willing not only to take this into their own hands, but also to do so a lot less 'legally' than the SEC would.
This could get extremely interesting extremely quickly. We've never had a situation like this with communication like we do today.
We now have AOC, Don Jr., Mr. Cruz, David Portnoy, Elon Musk, probably others (I think maybe Cuban) having critical responses to Robinhood shutting down trading on certain stocks, ranging from calling for fines to heads on stakes... It could get ugly, I cannot htink of a more dissimilar group to have common opinion on something as polarizing as this.
Its worse than that for Robinhood. The Robinhood IPO is coming up sometime in the first quarter and they just pissed off a E36 M3load of angry idiots
Also, trying to open an investment account right now is pain. They know what you're trying to do.
It turns out, the wealth DOES trickle down; you just gotta make them bleed first.
mtn (Forum Supporter) said:Robbie (Forum Supporter) said:All I have to say is that I hope the SEC regulates the "fix" to this, and does so quickly.
I can believe that a hedge fund that just lost billions would be willing not only to take this into their own hands, but also to do so a lot less 'legally' than the SEC would.
This could get extremely interesting extremely quickly. We've never had a situation like this with communication like we do today.
We now have AOC, Don Jr., Mr. Cruz, David Portnoy, Elon Musk, probably others (I think maybe Cuban) having critical responses to Robinhood shutting down trading on certain stocks, ranging from calling for fines to heads on stakes... It could get ugly, I cannot htink of a more dissimilar group to have common opinion on something as polarizing as this.
AOC + Don Jr + the others... interesting mix of Cross-the-Party-Divide unity.
I'm in for some DOGEs.... and don't care if I lose a bit of $
GIRTHQUAKE said:It turns out, the wealth DOES trickle down; you just gotta make them bleed first.
berkeleying dead. Love it.
2 points I keep seeing the pundits and hedge fund simps make:
1: "Think of the people with retirement accounts you're hurting!"
okay, who the berkeley puts their retirement in a hedge fund? Perhaps this is a millennial with only a 401k and no pension view. But what pension manager in their right mind is chasing hedge fund returns?
2: "This is market manipulation and is dangerous for the market as a whole."
Where were your crocodile tears last week when the hedgies were shorting GameStop naked? How is a couple of funds shorting a stock 138% NOT manipulating the market? Also, tell me more about your work to hold those responsible for 2008 responsible for tanking the economy. Furthermore, please explain to me the free market principle that dictates a government can make loans to said banks instead of letting them fail. And if they are too big to fail, maybe any company that large should be broken up in the spirit of anti-trust.
but then it becomes a flounder real quick.
Robbie (Forum Supporter) said:All I have to say is that I hope the SEC regulates the "fix" to this, and does so quickly.
I can believe that a hedge fund that just lost billions would be willing not only to take this into their own hands, but also to do so a lot less 'legally' than the SEC would.
What do you suggest the SEC do, ban outsider trading?
But seriously though, I'm a dummy, care to elaborate on the above?
If nothing else this has made me take an interest in how this stuff works.
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