GME

[UCFCray]

GameStop and AMC trading now restricted by TD Ameritrade and Schwab

I'm so glad these institutions are looking out for their retail investors! Can't have them making money or making decisions on their own.

 

[Crazyhole]

GameStop and AMC trading now restricted by TD Ameritrade and Schwab

I'm so glad these institutions are looking out for their retail investors! Can't have them making money or making decisions on their own.

Unbelievable.

 

[Crazyhole]

And just like that, the ride is over. Prehours trading is down 80 points. Once again, the game wins.

 

[Crazyhole]

AMC down 40%

 

[Crazyhole]

Well that backfired on them. Ha! Back up to over 350 already.

 

[Crazyhole]

400.

 

[Crazyhole]

450.

 

[Ace of Knights]

Robinhood has halted trading of GME, AMC, and the rest of them. Absolute bs.

 

[Crazyhole]

All the way back down to 260, just like that. Tripped the breaker a couple of times now.

 

[Crazyhole]

Tripped again at 237

 

[Crazyhole]

Down to 196

 

[UCFRogerz]

I'm guessing that a trading company halting trading is probably uh bad? Almost like Twitter silencing the right.

 

[Crazyhole]

Tripped again at 153. This is an epic collapse.

 

[Crazyhole]

Tripped again at 126. They can only keep trading open for 20 seconds at a shot, lol.

 

[Crazyhole]

Tripped again at 132, then again at 155. 80k shares being traded per second. This is like watching a tennis match.

 

[Crazyhole]

They made it 23 seconds this time. Back up to 186.

 

[Crazyhole]

14 seconds this time. 196.

 

[UCFCray]

Back up to 240

 

[Crazyhole]

Back up to 273. Thats above prehours trading.

 

[Crazyhole]

Holy crap. Went from 319 to 265 in 3 seconds.

 

[Cubs79]

Uneducated suckers/gamblers

AMC went way over pre covid stock price as they are in jeopardy of bankruptcy even prior to covid. Now stock is down 50% today alone.

Gamestop is a gaming retailer closing stores and not making money at a time gaming is huge. The industry is moving to streaming. Their valuation went over $30b which is way ahead of traditional retailers that are making money and growing (Walmart and Target). Gamestop is down 33% today alone

IT has nothing to do with any sort of fundamentals or financial assessments. Some people are obviously going to end up being losers in this whole thing, but plenty of people have also made money, so can't really say they are suckers.

 

[chemmie]

How you guys enjoying this Capitalism????

I think we need some more deregulation. What do you think???

 

[Cubs79]

How you guys enjoying this Capitalism????

I think we need some more deregulation. What do you think???

It is weird that if wall street is losing, suddenly capitalism doesn't seem that great.

 

[Cubs79]

Point is playing these stocks is not investing. It can swing back to $30 in weeks. Even the options market is pricing in stupid moves by tomorrow and next week. If you're on the right side you will make money. No real difference than going to vegas. AMC as an example might not even exist in 2022. Huge gamble now higher than pre covid numbers

Nobody is pretending it is investing, it is trading. I didn't get any GME, but I bought some AMC yesterday, made about 10K real quick, and got out, which is what I assume a lot of people did. Nobody who is buying this is doing so planning on holding it so where AMC or GME is in 2022 doesn't really matter.

 

[fried-chicken]

Robinhood is dead for delisting GME. They killed their company.

 

[chemmie]

You want to regulate message boards?

The message boards are the solution, not the problem. Unchecked Capitalist assholes are the problem.

 

[chemmie]

I'm still trying to fathom the idea that Melvin is short 138% in GME. Though, they claimed to have covered their shorts yesterday.

 

[Cubs79]

Robinhood is dead for delisting GME. They killed their company.

Yep. Dumb decision.

 

[Cubs79]

I'm still trying to fathom the idea that Melvin is short 138% in GME. Though, they claimed to have covered their shorts yesterday.

The whole idea you can short more shares than actually exist seems pretty sketchy to say the least. That is the type of stuff that needs to be looked into, not retail investors who figure out how to beat the system.

 

[chemmie]

The whole idea you can short more shares than actually exist seems pretty sketchy to say the least. That is the type of stuff that needs to be looked into, not retail investors who figure out how to beat the system.

I believe naked shorts like this were already illegal, or at least they were at some point in time before deregulation.

 

[chemmie]

According to this, there are still 61 million shorts out there that will have to be covered.

Short Interest Stock Short Selling Data, Shorts, Stocks: Short Squeeze

GME - Short squeeze stock short interest data and short selling information for shares of Gamestop Corporation Class A. Short interest stock data available for NASDAQ, NYSE, AMEX, OTCBB and Pink Sheets stocks available from shortsqueeze.com.

shortsqueeze.com

 

[Crazyhole]

I'm still trying to fathom the idea that Melvin is short 138% in GME. Though, they claimed to have covered their shorts yesterday.

I kind of doubt that. They borrowed 2.8 billion but they were several times that amount under yesterday.

 

[Poolside Knight]

 

[Crazyhole]

View embedded media

I love it.

 

[UCFCray]

View embedded media

"It's just a way of attacking wealthy people... we all gotta work together and pull together."

Sure dude... come together to help the wealthy short holders getting eaten alive, but otherwise when it's business as usual you gotta use your bootstraps to pull yourself up.

 

[Ace of Knights]

First lawsuit against Robinhood has been filed in NY.

 

[hemightbejeremy]

Based on not allowing them to buy a particular stock and saving their customers money?

It ensured that their customers with GME positions lost money as they only allowed sale activity which drove the price down so hedge funds could cover which they did today. After hours price is back up due to the hedges buying to cover short positions.

 

[Crazyhole]

After hours already back to 347.

 

[UCFCray]

Based on not allowing them to buy a particular stock and saving their customers money?

Yes, that's the reason they halted trading on GME. Had nothing to do with Citadel.

 

[fried-chicken]

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