I know there is another thread on GameStop but this is AMC. Tomorrow I think contracts come due on GameStop and will be a wild day. At some point, this crazy trend will be looking for the next heavily shorted stock and it seems to be AMC based upon yesterday’s indications. I’m not a market expert and this seems more like gambling then investing as it’s inevitable GME will topple over in a dramatic swift way, but it’s a crazy phenomenon and have to imagine there will be a new GameStop stock very quickly.
Any thoughts? It appears it has to be a heavily shorted stock to qualify.
Just like the system was designed to work. What a farce.
resticting Retail traders from buying a stock so these hedge funds can unwind their shorts
these hedge funders SHOULD go to jail for this but we know that won't happen
They halted buying with margins
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with buying abilities halted.
They halted buying with margins
From a risk management perspective, that makes a ton of sense.
hedgefunds jist have a lot more money to ckntrol stocks..
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with buying abilities halted.
They halted buying with margins
Is buying 2 shares of stock at the current price buying with margin (I don't know much about terminology etc)? They're not letting any purchases right now
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In comment 15136907 UConn4523 said:
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with buying abilities halted.
They halted buying with margins
Is buying 2 shares of stock at the current price buying with margin (I don't know much about terminology etc)? They're not letting any purchases right now
No new buyers now, the only people buying the stock are the people who already had it, so they sold probably when it got over 400 and bought bakc in ag 126 thatz why you see it going back up...
it is completely legal.
It doesnt happen all the time, it happens on a much small scale, hedgefunds normally do this they buy a stock, short it and then buy it at a really low price and watch it grown..
They did it to Tesla and that is why Musk hates hedgefunds...
The reason this pissed off the hedgefunds, they shorted this stock when it was at 20 bucks i believe and it got down to 1, before they could buy it back, people jumped on it and the price skyrocketed costing the hedgefunds a ton of money...and they dont buy just 1,000 shares they are biying 20 million shares...
Now you will see it drop back down because they will restrict new buyers, hedgefunda will biy it up and short it until it goes back down...
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In comment 15136915 nygiants16 said:
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In comment 15136907 UConn4523 said:
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with buying abilities halted.
They halted buying with margins
Is buying 2 shares of stock at the current price buying with margin (I don't know much about terminology etc)? They're not letting any purchases right now
No new buyers now, the only people buying the stock are the people who already had it, so they sold probably when it got over 400 and bought bakc in ag 126 thatz why you see it going back up...
So, I had bought some on Monday. It's only letting me sell and not letting me buy even though I have stock. Am I missing something obvious?
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In comment 15137010 JayBinQueens said:
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In comment 15136915 nygiants16 said:
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In comment 15136907 UConn4523 said:
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with buying abilities halted.
They halted buying with margins
Is buying 2 shares of stock at the current price buying with margin (I don't know much about terminology etc)? They're not letting any purchases right now
No new buyers now, the only people buying the stock are the people who already had it, so they sold probably when it got over 400 and bought bakc in ag 126 thatz why you see it going back up...
So, I had bought some on Monday. It's only letting me sell and not letting me buy even though I have stock. Am I missing something obvious?
I dunno i lnow people sold it when it got over 400 and then bought back in when it got down to 126
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I really don’t know anything about trading or any of this but I have followed the story and all along have seen articles and people claiming that this is illegal, but those seemed to have stopped now. While I don’t fully understand how this all came to be, if people are making millions why doesn’t this happen more often, or does it? And is it illegal, questionable, or totally fine?
It doesnt happen all the time, it happens on a much small scale, hedgefunds normally do this they buy a stock, short it and then buy it at a really low price and watch it grown..
They did it to Tesla and that is why Musk hates hedgefunds...
The reason this pissed off the hedgefunds, they shorted this stock when it was at 20 bucks i believe and it got down to 1, before they could buy it back, people jumped on it and the price skyrocketed costing the hedgefunds a ton of money...and they dont buy just 1,000 shares they are biying 20 million shares...
Now you will see it drop back down because they will restrict new buyers, hedgefunda will biy it up and short it until it goes back down...
Thank you
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In comment 15137010 JayBinQueens said:
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In comment 15136915 nygiants16 said:
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In comment 15136907 UConn4523 said:
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with buying abilities halted.
They halted buying with margins
Is buying 2 shares of stock at the current price buying with margin (I don't know much about terminology etc)? They're not letting any purchases right now
No new buyers now, the only people buying the stock are the people who already had it, so they sold probably when it got over 400 and bought bakc in ag 126 thatz why you see it going back up...
So, I had bought some on Monday. It's only letting me sell and not letting me buy even though I have stock. Am I missing something obvious?
Yeah, they stopped people from buying a slew of stocks across a few trading platforms, including RH. Totally normal.
that is one form of it, but the more risky from of it often done by hedge funds is naked shorting. Meaning you sell shares of stock without "borrowing" them. Technically it's illegal, but it still happens and when/if a short squeeze happens much bigger losses.
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and so many people are trying to read it, the SDNY PACER function has crashed, which is a pain in the butt for lawyers who are trying to get some actual work done...
They are doing you a favor with gamestop right now, AMC once it opens it may not hurt to buy
I did get in with AMC yesterday at 13.00 for 700 so obviously hoping we can see something along the lines?
If not live an learn. I am fully prepared to loss money but would love to make a lot. lol
For a $700 position, you're probably safe. And probably won't make a lot - your initial footprint just isn't big enough.
Oh yeah I haven't put money into anything since around September. I don't even have a lot in there, just for fun.
Not available for purchasing on RobinHood, of course.
Right, but the sketchy part is where they go all over and announce that they are shorting it or trash the stock on tv. Then your average investor is like shit if they are doing/saying this, there must be something to it. They then sell and tank the stocks making profits for the shorters
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Just got one on my M1 app saying they're not allowing purchases of Gamestop, AMC, KOSS and those trades will be cancelled.
They are doing you a favor with gamestop right now, AMC once it opens it may not hurt to buy
Not sure most people want these kind of favors.
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I was going to buy GME at 88.00 but pulled back figuring it would not last :( If I could kick myself in the balls I would.
I did get in with AMC yesterday at 13.00 for 700 so obviously hoping we can see something along the lines?
If not live an learn. I am fully prepared to loss money but would love to make a lot. lol
For a $700 position, you're probably safe. And probably won't make a lot - your initial footprint just isn't big enough.
I may not have been clear in my post, I bought 700 shares for 13 so yeah today has sucked.
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In comment 15136707 bigblue1124 said:
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I was going to buy GME at 88.00 but pulled back figuring it would not last :( If I could kick myself in the balls I would.
I did get in with AMC yesterday at 13.00 for 700 so obviously hoping we can see something along the lines?
If not live an learn. I am fully prepared to loss money but would love to make a lot. lol
For a $700 position, you're probably safe. And probably won't make a lot - your initial footprint just isn't big enough.
I may not have been clear in my post, I bought 700 shares for 13 so yeah today has sucked.
Ooof, yeah, that's a big difference. Sorry for misunderstanding.
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I work for Robinhood. Don't kill me.
Low-level, technical shit, comp sciences major, not finance side.
Guess what we overhead today?
Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.
File reports on the SEC page. If I wasn't scared to be out of work in a pandemic I'd quit. I'm disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed 🪛 over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.
I'm taking a massive career risk even posting here but fuck these motherfuckers.
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Robinhood Insider Information
I work for Robinhood. Don't kill me.
Low-level, technical shit, comp sciences major, not finance side.
Guess what we overhead today?
Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.
File reports on the SEC page. If I wasn't scared to be out of work in a pandemic I'd quit. I'm disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed 🪛 over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.
I'm taking a massive career risk even posting here but fuck these motherfuckers.
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Saw that like 5 mins ago. Seems a little fishy. How would a work from home low level IT guy be privy to that?
Very Holy shit it true
It all sounds 100% plausible anyway.
It all sounds 100% plausible anyway.
True.
Let's say it's true... what are potential fall outs from this
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word travels fast especially when your company is public enemy #1 in the internet age.
It all sounds 100% plausible anyway.
True.
Let's say it's true... what are potential fall outs from this
Nothing. And the geezers wonder why all these kids are communists these days.
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