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re: So I bought some Gamestop(GME)

Posted on 1/28/21 at 3:34 pm to
Posted by STLhog
Dallas, TX
Member since Jan 2015
18838 posts
Posted on 1/28/21 at 3:34 pm to
Who in their right mind would stick with Robin Hood after this?

The irony of the name and their entire foundational existence blew up today.

People are pissed but can't be surprised.

The more and more I see with this, the more and more I realize these guys on Wall Street aren't even that smart, they just have a completely different playbook and rule book. Doesn't make it that hard when you have that advantage and all the capital behind you.

It's all about getting "in", that's it.
Posted by xenythx
Member since Dec 2007
33245 posts
Posted on 1/28/21 at 3:34 pm to
When it got down to 112 this morning.

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40292 posts
Posted on 1/28/21 at 3:34 pm to


DFV is an ape

I am an ape


Apes strong together
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/28/21 at 3:34 pm to
the first week with sleepy Joe at the helm has been a doozy
Posted by el Gaucho
He/They
Member since Dec 2010
58505 posts
Posted on 1/28/21 at 3:34 pm to
It’s at 272 now
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/28/21 at 3:35 pm to
Couple videos in the Thomas Peterfly thread. Bottom line, to protect themselves and clearing houses from liquidation
Posted by msutiger
Houston
Member since Jul 2008
71431 posts
Posted on 1/28/21 at 3:35 pm to
(no message)
This post was edited on 4/15/23 at 7:35 am
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11344 posts
Posted on 1/28/21 at 3:35 pm to
quote:

Boys I really don’t know where we go from here.


how bout here?
Address: 85 Willow Rd, Menlo Park, CA 94025


tell those capital stormers they hit the wrong building

disclaimer: i am not seriously saying storm robinhood's office. this is a joke.
Leave bad reviews
File class action lawsuits
Write your senators/reps
Delete the app
Boycott
This post was edited on 1/28/21 at 3:43 pm
Posted by Riseupfromtherubble
You'll Never Walk Alone
Member since Jun 2011
39586 posts
Posted on 1/28/21 at 3:36 pm to
I held the line today- feel a little sick I didn't cash out at ~480 a pop, but if it returns back to what I paid for it I think i'm going to call it day and just be appreciative of the roller coaster ride.
Posted by TigerAlumni2010
Baton Rouge
Member since Aug 2011
4756 posts
Posted on 1/28/21 at 3:36 pm to
GME has been on fire after hours, I'm in with 18 shares at 255.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40292 posts
Posted on 1/28/21 at 3:37 pm to
Someone has a screenshot on the poliboard of RH liquidating someone’s margin position.



Sell price of 118.


It hit 118 for about a millisecond before jumping quickly back to over 200.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/28/21 at 3:40 pm to
WSB warned everyone to not set sell limits
Posted by Steveohh
Kenner, Brah
Member since Dec 2009
939 posts
Posted on 1/28/21 at 3:40 pm to
I’m hesitant to think it’s real and just more fuel to trick people into selling
Posted by ButterMeUp
Member since Jan 2021
5 posts
Posted on 1/28/21 at 3:40 pm to
Someone could've made a boatload of money day trading if they played it right. That ruins the while short sell theory though correct?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40292 posts
Posted on 1/28/21 at 3:42 pm to
quote:

WSB warned everyone to not set sell limits


No this was Robinhood liquidating someone against their consent at the lowest price of the day.

It was a reasonably substantial position too for your average retail trader.

quote:

I’m hesitant to think it’s real and just more fuel to trick people into selling


Very possible. There’s an obvious fake screenshot of a Robinhood “insider” saying he overheard that the whitehouse is directing the trade stoppages. They are battling it on wsb but it’s 100% fake and gay
This post was edited on 1/28/21 at 3:45 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/28/21 at 3:43 pm to
even liquidating any margin position today is problematic because RH did not allow buyers which consequently triggered the sells

more buyers, no margin call. it's disgusting
Posted by Azazello
Member since Sep 2011
3228 posts
Posted on 1/28/21 at 3:44 pm to
Just looked at the options chain for tomorrow.

Mother of god it's going to be wild. I have legit never seen such volume ITM at expiration
Posted by xenythx
Member since Dec 2007
33245 posts
Posted on 1/28/21 at 3:44 pm to
Posted by AUjim
America
Member since Dec 2012
3777 posts
Posted on 1/28/21 at 3:45 pm to
I'm still quite intrigued by the ridiculous spike to 490ish.

It was f you all day, 240 @ 2:05, shot up to 492 @ 210, then right back down to 234 @ 2:15.

Posted by AUCE05
Member since Dec 2009
44927 posts
Posted on 1/28/21 at 3:45 pm to
I set a buy at 194, jumped on A conference call and currently up almost 100. Could be a wild night and day tomorrow. Moar crypto money.
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