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re: This situation has educated thousands on how the stock market works
Posted on 1/28/21 at 10:45 am to WaterLink
Posted on 1/28/21 at 10:45 am to WaterLink
quote:
Not that they took his exact idea that he had. But these reddit folk are actually legit fricking with the system and the stock market.
Like I said yesterday, this week has done more to turn people all Wall Street than any leftist movement
0
Posted on 1/28/21 at 10:48 am to flyAU
The stock market has worked just as it should in this situation.
Hedge funds are getting hammered for selling naked short positions.
Brokerage houses are in danger for dealing with them because some of the hedge funds may not cover the short shares because they are bankrupt. The brokerage houses may end up with the risk of shorts as they are telling their clients that are long they have the shares.
The government should not bail them out.
Hedge funds are getting hammered for selling naked short positions.
Brokerage houses are in danger for dealing with them because some of the hedge funds may not cover the short shares because they are bankrupt. The brokerage houses may end up with the risk of shorts as they are telling their clients that are long they have the shares.
The government should not bail them out.
Posted on 1/28/21 at 10:53 am to flyAU
quote:
Sell Stop loss would be the way to protect yourself.
The only issue with stops is when there is such large movement afterhours and during trading halts. The order turns into a market order which leaves you no protection during these periods. You could use a stop limit order just to add a bit of protection; a way to put a sell limit below the market price.
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