FunkMiller
Gold Member
And that's the only headline here. 'Retail traders prevented from buying stocks in an open market, in order to save hedge funds'. Nothing else matters. That's the take away.
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Stock-Age: Stocks, Options and Dividends oh my!
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And that's the only headline here. 'Retail traders prevented from buying stocks in an open market, in order to save hedge funds'. Nothing else matters. That's the take away.
ManofOne
Plus Member
is etoro still allowing it
FunkMiller
Gold Member
Nope.
porkchopexpress
Member
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mckmas8808
Mckmaster uses MasterCard to buy Slave drives
How do you "MAKE" money on Doge coin exactly?
Taxexemption
Member
Like I said, bears can buy puts. Look, can I sell you a house I don't own? Food I don't have? What other context can I just sell you things I don't own? Shorting has more than 100% risk, this kind of stuff should not be allowed. There are multiple ways to speculate about stock prices going down that involve a maximum 100% risk, and you are arguing for a method that allows more than 100%, that without that method this would be a normal Thursday rather than a potentially catastrophic event that could create a new financial crisis
D
Deleted member 17706
Unconfirmed Member
Look at the volume...
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iconmaster
Banned
I'm an idiot about the stock market. Can GameStop use any of the money that's been poured into its stock to build up the business?
ArtemisClydeFrog
Banned
"we all gotta work together and pull together"
Says incredibly rich dude to the poor peasants. I'm eating this dude's ass first.
ManofOne
Plus Member
shorting doesn’t necessarily affect the direction of the stock thou. If I recall. Shorters try to influence the direction by releasing reports
So they do this without warnings? And just before the options for hedge funds run out? Sure...
Not only did they hold the market EVERYTIME it went up again they prevented everyone from buying only meme stocks if they were high or not. Not only gamestop. These were all stock Hedge funds had their hands in it.
fuck this
Yes I do not understand much from this since I joined yesterday in this discussion but even I can see that there is something totally wrong here.
This is what fascists do. We do it for your own good. for the greater good of sooceity" my ass.
And when hedgefunds can buy and sell like they want to there is something totally wrong here.
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ManofOne
Plus Member
They’ve done this before. If I recall. There is a history of this. I think it always done when volatility on a specific stock exceeds a certain amount and they limit it right before expiration dates on call options
I’ll try the find the stocks they’ve done this before with.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
finowns
Member
You can think of doge coin as something trade-able, currency is bought and sold as well. If you are on robinhood they have a cryptocurrency section where you can exchange Bitcoin, ethereum, doge, etc. and see it’s value in usd.
porkchopexpress
Member
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Taxexemption
Member
Yes but the whole reason why they shorted more than 100% was they wanted continuous downward pressure. They did this at huge volume in order to manipulate it. They were attempting to create massive downward pressure in order to cause other people to panic sell. Someone looked at the math of what they did and said "Wow, this is stupid, if someone takes the other side it's a guaranteed payoff," and they were right. Shorting is a fundamentally stupid concept. If I took you to a casino and there was a slot machine that if you put 1 dollar in you may owe 1000 dollars if the wrong symbols come up would you pull that lever? Then why do we let investment companies do this?
The idea that I can sell things I don't own and am obligated to buy them in the future is a stupid idea full of bad incentives. If your kid had the ability to and was about to short some stocks would you be all libertarian about it or would you smack that phone out of xer's hand?
Nikana
Go Go Neo Rangers!
ManofOne
Plus Member
I’ll add that shorting a stock more than 60% should be illegal.
Just because it did happen before it does not make it ok. especially not on such a level
Tesseract
Banned
you know we are full throttle 2021 sans brakes when doge and robinhood are rekting the psychosphere
fucking 2013
www.forbes.com
fucking 2013
‘It’s Doge Time’: Dogecoin Surges As Reddit Traders Push To Make It The Crypto GameStop
After whipping up a market frenzy in stocks for GameStop and BlockBuster, Redditors are on a new mission: to get joke cryptocurrency Dogecoin to $1 a coin.
www.forbes.com
BattleScar
Member
WallStreetBets will weaponise itself and find a way to break it again.
I'm all for a bit more regulation, if it means Hedgefunds are forced to face the repercussions of a failed short, and are no longer allowed to short over 140% of the shares of a business in an attempt to bury it for a profit.
infinitys_7th
Member
Look at the volume...
If this is the case, it kind of looks like it is time to buy. Still a large volume being held which Melvin needs tomorrow. The price is stable now too.
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finowns
Member
holy crap. Is his fund about to tank or something why is he so pissed? He made a bet and might lose who forced him to speculate on the market?
I will argue let the fucking free mnarket decide this. This is capitalism this is the stocktrade all that did happen is in the general consens of Trading just on an extreme level that really did hurt the big players. So these big players regulated the market for the small players.
Again so strange that this does happen when Melvin has to cash in tomorrow
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porkchopexpress
Member
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Ornlu
Banned
It was over 500 and rising in a steady pace.
hmmmmmmmmmmmmm there needs to be an investigation
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Irobot82
Member
What does reloading a short mean?
What Is Reloading?
Reloading is the practice of taking out a new loan to pay off an existing loan to obtain a lower interest rate or to consolidate debt.:max_bytes(150000):strip_icc()/reloading.asp-final-b7e2884f533548b698ddd9cb446addcd.png)
What Is Reloading in Finance?
Reloading is the practice of taking out a new loan to pay off an existing loan, obtain a lower interest rate, or consolidate debt. Learn how reloading works.
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BigBooper
Member
They had already restricted margin trading. All the big trading of the last two wasn't margin, as far as I can tell. May be wrong. Lots of smokescreens.
Goro Majima
Kitty Genovese Member
If I think of the most diabolical mustache twirling thing it would be to short Gamestop at $450 or whatever it was, demand the apps stop trading which induces panic selling, enjoy profit.
Is that what happened here?
sobaka770
Banned
ppl getting mad atManofOne because they are losing their money?? I'm confused
nobody should have been touching this shit unless they know what they are doing
ManofOne
is a champ, his advice to get GAN and VLDR got me up 50% on both.I think people are just pissed that the system is rigged and he's being rational by virtue of being a proper investor and not a gambler on meme stocks.
That being said so far I think this can backfire spectacularly:
1. Shorts are still screwed on GME, tomorrow is probably a bloodbath.
2. What stocks will people buy when they get access back to their brokerages? This just might double BB, AMC and even GME all by itself. They can't hold them off the buy list forever, especially with politicians and courts getting involved.
StreetsofBeige
Gold Member
Their needs to be big regulations on margin and borrowing.
However, I don't see how they can (at its core prevent it). Even if someone has limited margin/borrowing at the trading platform level, all someone has to do is take out money from a loan or line of credit, deposit it into their trading account and trade.
Yes, it make it harder and a pain in the ass, but still a possibility. It's just they might need a day or two to shift the money.
If a stock crashes, they still need to bail collapsing the price because they got a bank loan or line of credit to pay off.
One high level way to curb maniac stuff is to only allow trading for qualified people with money. Sort of like applying for a car or mortgage. You are allowed if your finances says so. But if your'e broke or have a bad credit rating, you can't.
Yet for shit like credit cards and trading accounts, it seems anyone can do it, fuck up when markets nose dive, and everyone gets screwed when everyone bails.
However, I don't see how they can (at its core prevent it). Even if someone has limited margin/borrowing at the trading platform level, all someone has to do is take out money from a loan or line of credit, deposit it into their trading account and trade.
Yes, it make it harder and a pain in the ass, but still a possibility. It's just they might need a day or two to shift the money.
If a stock crashes, they still need to bail collapsing the price because they got a bank loan or line of credit to pay off.
One high level way to curb maniac stuff is to only allow trading for qualified people with money. Sort of like applying for a car or mortgage. You are allowed if your finances says so. But if your'e broke or have a bad credit rating, you can't.
Yet for shit like credit cards and trading accounts, it seems anyone can do it, fuck up when markets nose dive, and everyone gets screwed when everyone bails.
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ManofOne
Plus Member
they restrict it today or a few days ago. Bc I saw the change in the margin rates for some as high as 500%
they are going for dodge coin? Is this how its called?^^
I think people are just pissed that the system is rigged and he's being rational by virtue of being a proper investor and not a gambler on meme stocks.
That being said so far I think this can backfire spectacularly:
1. Shorts are still screwed on GME, tomorrow is probably a bloodbath.
2. What stocks will people buy when they get access back to their brokerages? This just might double BB, AMC and even GME all by itself. They can't hold them off the buy list forever, especially with politicians and courts getting involved.
Cravis
Member
Between the class action lawsuit filed and the politicians interest in today’s actions, Robinhood is fucked. They might think they can just pull a little stunt and things will be back to normal. They don’t realize how petty, vindictive, and stubborn Reddit users can be.
(no offense to Reddit users, that’s a good thing in this situation)
(no offense to Reddit users, that’s a good thing in this situation)
BigBooper
Member
Man I tried to browse the subreddit for the first mentions of it, but that's gonna take hours as busy as it is. Yesterday morning people were posting about 100% requirements for trading GME, can't say for sure Robinhood did too.
ManofOne
Plus Member
I think people are just pissed that the system is rigged and he's being rational by virtue of being a proper investor and not a gambler on meme stocks.
That being said so far I think this can backfire spectacularly:
1. Shorts are still screwed on GME, tomorrow is probably a bloodbath.
2. What stocks will people buy when they get access back to their brokerages? This just might double BB, AMC and even GME all by itself. They can't hold them off the buy list forever, especially with politicians and courts getting involved.
I don’t think that was me that was
StreetsofBeige
ManofOne
Plus Member
Ya I heard they change it yesterday too. Seems bc volatility is over 20 they taking precautions to limit margin trading.
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StreetsofBeige
Gold Member
Ya that was me Sobaka. Good stuff making cash.I don’t think that was me that was
I avg down twice at GAN at around $17.50-ish and bailed at $19 and change. I had it since IPO and it barely moved. I probably only made 10% on it holding for half a year!
The second I sold it flew to around $24! Bad timing.
For Velodyne, that tip was from my bro when it was $15-ish. Never took the plunge as I had other stocks to get into. Good to see you made money. I saw it hit $30 or so and now back to $24. Long term, that infrared car AI sensor shit should do well. I still have it on my watch list.
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mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Yes, I'm on RH. I bought a few dollars of DOGE, but now how do I actually make money on it if it keeps going up?
Irobot82
Member
Ya sell it.
