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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 9:51 am to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 9:51 am to
well the sec has released a statement that they "vow" to protect retail investors.

I'm not sure what's happening today but the trading is not organic
Posted by teke184
Zachary, LA
Member since Jan 2007
103139 posts
Posted on 1/29/21 at 9:52 am to
Probably jokes about putting Melvins out of business and reiterating why he wanted to change the tax laws on hedge funds’ carried interest.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466274 posts
Posted on 1/29/21 at 9:53 am to
quote:

A LOT of the retail investors did this with discretionary funds they had on hand, meaning they can park it in the stock indefinitely.

this is why they're so scared about "mass investment movements" moving forward

if 10M people are collectively OK with blowing their $500, then Wall Street loses a lot of leverage in these scenarios
Posted by teke184
Zachary, LA
Member since Jan 2007
103139 posts
Posted on 1/29/21 at 9:53 am to
That seems like the military’s statements during the Tet Offensive that they would destroy the city of Hue, South Vietnam, in order to save it.
Posted by SuddenJerk
Member since Oct 2017
756 posts
Posted on 1/29/21 at 9:54 am to
quote:

And you can set sell limits wherever you want?


I’m with Vanguard and set sell limits at $5k so yeah, I could set them to the moon!
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11344 posts
Posted on 1/29/21 at 9:54 am to
quote:

I can’t decide if the slow and steady climb is good or bad..



i think it's more good than bad but it's also expected. with a share purchase limit that brokers are using the climb has an acceleration cap.

disclaimer: i'm a retard. this is just a guess
Posted by teke184
Zachary, LA
Member since Jan 2007
103139 posts
Posted on 1/29/21 at 9:54 am to
I don’t mean solely political pressure.

He fricks this up and it kills the economy, then the economy is crippled for months if not years.


The panic of 1869 screwed the economy for at least a year after the robber barons failed to corner the gold market.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39932 posts
Posted on 1/29/21 at 9:54 am to
quote:

Biden? He’s less than two weeks into office and already looking at this. The rest of his term will likely be majorly affected by how the administration responds here.



Exactly, they can’t ban everyone from internet but they sure as shite might just unite two of the most online communities out there with WSB and chapos
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/29/21 at 9:56 am to
Lot of sell limits at $420. That will drive the price down LINK
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39932 posts
Posted on 1/29/21 at 9:57 am to
quote:

disagree. The American people have proven to have extremely short attention spans and lack the critical thought to make informed decisions on what’s best for their well-being.

Biden can frick “Reddit terrorists” and save the “economy,” which is exactly how it will be spun. CNN already had an article the other say linking WSB to Trump supporters and today on CNN business one that says WSB is basically 4chan and regularly uses homophobic language.


Because that worked so well in 2016
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 9:58 am to
Fuuuuuuck
Posted by teke184
Zachary, LA
Member since Jan 2007
103139 posts
Posted on 1/29/21 at 9:59 am to
Sell prices of 420.69 are no longer funny.
Posted by MrJimBeam
Member since Apr 2009
12963 posts
Posted on 1/29/21 at 9:59 am to
quote:

at $420


fricking donkeys
Posted by el Gaucho
He/They
Member since Dec 2010
58513 posts
Posted on 1/29/21 at 10:00 am to
Wouldn’t those have sold yesterday?
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/29/21 at 10:00 am to
I mean in the grand scheme of things it’s not a whole lot but no one likes dips
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11344 posts
Posted on 1/29/21 at 10:00 am to
retards! stop being retarded!
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 1/29/21 at 10:00 am to
Is THIS what it has come to?

“NOPE you can’t buy that either, hedge funds don’t believe in the story and are too short.“

How long before short interest can no longer be known?
Posted by GAFF
Georgia
Member since Aug 2010
2708 posts
Posted on 1/29/21 at 10:01 am to
I have to step away. My account is down 7k from me chasing bullshite stocks. I'm not built for this The first sign of a dip and I'm out only for it to run another 6-7%. Then I find my balls and buy back only for it to fall 10% and I get out again. Rinse and repeat. Letting what I have ride and reverting back to my original strategy.
Posted by Jor Jor The Dinosaur
Chicago, IL
Member since Nov 2014
7220 posts
Posted on 1/29/21 at 10:01 am to
quote:

Lot of sell limits at $420. That will drive the price down

They should have set them at $4,206.90
Posted by teke184
Zachary, LA
Member since Jan 2007
103139 posts
Posted on 1/29/21 at 10:01 am to
They want to keep going until investing is this.

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