02-04-2021, 12:34 PM | #6117 |
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Yeah still holding.
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antzcrashing1910.00 |
02-04-2021, 12:56 PM | #6118 | |
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02-04-2021, 01:55 PM | #6119 | |
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02-04-2021, 02:55 PM | #6120 | ||
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On the topic of GME I am holding and may buy in if it continues lower. I feel that below 50 is pretty good saying that the mkt cap of he company would be around 5 Billion. With new leadership his company could easily grow into a 5 Bill cap |
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02-04-2021, 03:27 PM | #6121 |
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I'll make you a deal. I'll sell you my GME share when it hits $5.00 next week.....
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02-04-2021, 03:32 PM | #6122 |
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are you trying to short the shares you have? lol
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02-04-2021, 06:15 PM | #6124 |
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Unlike the hedge funds, I actually own my share...and will take the $250+ beating when I sell for $5.00...because I didn't listen to my gut and jump off at $450.....
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02-04-2021, 06:50 PM | #6125 |
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RH might be getting sued but all brokerage firms include some version of language in the contract/terms and conditions that says they may limit/block/restrict trades at any time. Dig through TD Ameritrade, Schwab etc it is there... I am in the process of moving my accounts from Goldman to Morgan Stanley and it is in their contracts as well.
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02-04-2021, 08:03 PM | #6126 |
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So you might get screwed no matter what brokerage you have your investments in is what you’re saying?
I’ve gone over double on my portfolio with most of the profits coming from doge alone but with everyone doubting RH, I’m wanting to switch it over to another brokerage, just don’t n is where to go |
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02-04-2021, 08:09 PM | #6127 | |
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Edit: Ultimately the exchange (NYSE, Nasdaq) can stop trading until market makers balance the market and that might be at a significantly higher or lower price than when trading was halted...
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02-04-2021, 08:47 PM | #6129 |
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While Litllebear’s issue logging is not the same as stopping/limiting trades it highlights a system overwhelmed by the numbers trades that folks are trying to execute.
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02-04-2021, 10:32 PM | #6130 | |
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02-04-2021, 11:26 PM | #6131 |
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GME holdouts LMAO
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02-05-2021, 06:34 AM | #6132 |
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02-05-2021, 07:47 AM | #6133 |
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Robinhood removed restrictions to both GME and AMC. I believe there are no limits at all. That means enthusiasts with big cash can buy in big time. Today could be interesting. Chances are it will still emd down on the day thou based on the last few days
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02-05-2021, 07:59 AM | #6134 | |
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Don't kid yourself. The poors aren't going to make a dent in the (I believe it was) 23 Billion in short sales. |
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02-05-2021, 08:17 AM | #6135 | |
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Now if RH had allowed the floodgates to stay open last week I think this week would've shaken up differently given where we left off on Friday. I will be delighted to be proven wrong on this one but I think everyone who pulled their funds and planned to redeposit them is going to sit and think long and hard about that decision after this week - and either wait for a new "Bottom" to appear or just move on.
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02-05-2021, 09:43 AM | #6136 |
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Just reading through chatter and trying to figure out how this works ... looks like they group pick some mid $2 stock, pump it up to about $12 and then dump it all.
I've seen a few today. I bought into one that was up premarket and by the time I seen it grow, it fell faster. I couldn't get out and now I'm down and hoping/holding. Seen a few freezes on things. I'd really like to know what they use to trade, has to be something with no trade fees and no limitations ... I want that. F RH. |
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02-05-2021, 11:07 AM | #6137 | ||
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https://finance.yahoo.com/news/cohen...022818276.html https://www.reuters.com/article/inst.../idUSKBN2A51YX Who will win the long game? The hedge funds on average and in a big way. Doesn't mean the game didn't work. What's worse some kids that lost money that they could afford to lose or hedge funds who answer to a board of directors losing billions in capital? Of course there are kids that lost big money, and hedges that will net win, but its not all as one sided as you make it out. There's a few possible positive outcomes from this - some young people get into trading and go from risky bets to stable bets which grow income - robinhood and other brokerages learn via SEC or via market forces that they can't play certain games - hedge funds have some real legitimate fear about taking on short positions that are up to and over 100 percent of float value of a stock. What's this do, keeps the short positions lower and reduces the implied momentum downward for these companies that might otherwise survive |
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02-05-2021, 01:29 PM | #6138 |
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Article on this hedge fund who made a tidy $700M off GameStop. Good for them!
https://www.wsj.com/articles/this-he...op-11612390687 |
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