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Message

re: So I bought some Gamestop(GME)

Posted on 1/28/21 at 10:44 am to
Posted by broadhead
Member since Oct 2014
2487 posts
Posted on 1/28/21 at 10:44 am to
quote:

That drop from $480 to the $112 was pure manipulation from platforms and hedgefunds trying to recoup their losses... they doubled down.


This is amazing to witness.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/28/21 at 10:44 am to
Facade! I said this
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21079 posts
Posted on 1/28/21 at 10:47 am to
From WSB:
quote:

It’s unlikely anyone is selling. This is a short ladder. It only looks like the stock is selling off, ini reality, it’s not. Hedge funds sell back and forth with one another at lower and lower bids in rapid succession, tricking algorithms into thinking there is a mass sell off when there actually isn’t. (They do this to scare off retail investors to engineer a sell off).

Once the attack is over, the stock will normally go back up due to its demand. Then they will rinse and repeat their attack, each time hoping to chip away more and more retail investors. Most people in here know this, so if retail investors are selling, it’s unlikely that it’s anyone at all.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/28/21 at 10:48 am to
AOC is not happy with RH

LINK
Posted by TheDrunkenTigah
Baton Rouge
Member since Aug 2011
18151 posts
Posted on 1/28/21 at 10:48 am to
RH will never get another dime of my money not allowing me to buy in that dip.
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 1/28/21 at 10:48 am to
If hedge fund managers just purchased puts at the topish and sold out towards the bottom, they made billions!


Posted by SCUBAislander
Member since Feb 2007
2846 posts
Posted on 1/28/21 at 10:49 am to
I put a stop loss order in to take a loss after being up so much then immediately canceled the order. I'm ready to go to war!
Posted by OT_alter
Member since Feb 2020
28 posts
Posted on 1/28/21 at 10:49 am to
quote:

AOC is not happy with RH


AOC, the savior we never expected
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/28/21 at 10:50 am to
quote:

What did they say?

This was from the tda sub on reddit but it does make sense from TDAs perspective

quote:

I had a lengthy discussion with a ToS support rep in order to understand the parameters of the restrictions against GME, AMC, etc. I have a put calendar spread with a long 5 Mar 68 that I was looking to sell shorter dated puts against.

Ameritrade isn't allowing the opening of any short positions against these stocks, regardless of whether or not you're hedged like I am. Any short calls that expire ITM where the seller is due to be put the stock, Ameritrade will close the short position because they don't have any stock to short.

It seems to me like this will make the short issue even worse, which will cause the stock to go up. Anyone have any thoughts on that?
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
19480 posts
Posted on 1/28/21 at 10:51 am to
quote:

AOC, the savior we never expected

this is the first thing to unite Democrats and Republicans in years if you see twitter
Posted by Lou Pai
Member since Dec 2014
29473 posts
Posted on 1/28/21 at 10:52 am to
Thank you
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/28/21 at 10:52 am to
quote:

If hedge fund managers just purchased puts at the topish and sold out towards the bottom, they made billions!



While I wouldn’t be surprised if there were exceptions, I don’t see it. Interest for shorts are like 300%. They’d still lose money
Posted by Lou Pai
Member since Dec 2014
29473 posts
Posted on 1/28/21 at 10:54 am to
Those are annual rates
Posted by VADawg
Wherever
Member since Nov 2011
47741 posts
Posted on 1/28/21 at 10:55 am to
quote:

AOC is not happy with RH


Hell must be freezing over, because I actually agree with her on this one.
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
22092 posts
Posted on 1/28/21 at 10:57 am to
Ted Cruz just retweeted her too. I have no clue how someone thought taking on bipartisan outsiders along with the entire internet is a winning strategy for RH/hedge funds
Posted by castorinho
13623 posts
Member since Nov 2010
86565 posts
Posted on 1/28/21 at 10:57 am to


Posted by BilJ
Member since Sep 2003
162115 posts
Posted on 1/28/21 at 10:57 am to
quote:


Dave Portnoy
@stoolpresidente
·
2h
When
@AOC
and
@DonaldJTrumpJr
are on the same side you know you fricked up
@RobinhoodApp
Posted by SATNIGHTS
Red Stick
Member since Jan 2008
2420 posts
Posted on 1/28/21 at 10:58 am to
My funds have been pending for 4 days with RH. I am at the point now where I am going to withdraw as soon as they are available and go back to Fidelity/Vanguard.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/28/21 at 10:59 am to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466274 posts
Posted on 1/28/21 at 11:00 am to
quote:

I have no clue how someone thought taking on bipartisan outsiders along with the entire internet is a winning strategy for RH/hedge funds

i have to imagine Biden's admin is shitting bricks b/c they are beholden to Wall street
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