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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 1:08 pm to
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:08 pm to
quote:

the story never had a chance to climax because they changed the rules of the game in the 4th qtr

I think people are still in shock and disbelief and just now processing it all


What rules were changed?
Posted by sonoma8
Member since Oct 2006
8086 posts
Posted on 1/29/21 at 1:09 pm to
So yall are cashing in now? Wtf is this shite?
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:09 pm to
quote:

So yall are cashing in now? Wtf is this shite?


Nope.
Posted by Jjdoc
Cali
Member since Mar 2016
55377 posts
Posted on 1/29/21 at 1:10 pm to
I will ask you like I asked in other threads.


How long are you holding, because the puts are being purchased up by somebody. THROUGH 2023! Not just next week but for years.


It's not like the Hedge Fund people are walking away.


In the end, that's the point. How long are you holding?

The inflated price will make them WAY more than they lost.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14470 posts
Posted on 1/29/21 at 1:10 pm to
quote:

Robinhood changed the max buy to 1 now

They need to keep shares available for hedge funds to buy up before end of day. At least this is what I am choosing to believe. My options are out of the money. I am going down with the ship..
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40292 posts
Posted on 1/29/21 at 1:10 pm to
quote:

What rules were changed?


In a marketplace the price is determined by buyers and sellers. Supply and demand.

Nearly all of the biggest trading platforms artificially removed the amount of demand.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 1:11 pm to
Support at 275. 4 times now
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 1:13 pm to
quote:

What rules were changed?


the fact that me and my friends couldn't buy any yesterday and today we are only allowed to purchase a handful of shares

that is not only a fiscal disadvantage but they effectively demoralized millions of people in a market built on psychological momentum
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14470 posts
Posted on 1/29/21 at 1:13 pm to
I cut my hands off a little while ago. Let’s ride.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 1:15 pm to
frick. Downward breakout
Posted by Who_Dat_Tiger
Member since Nov 2015
24783 posts
Posted on 1/29/21 at 1:15 pm to
What happened to the million dildos?! Man I was late to the party and was told this train wasn’t stopping until mid-late next week.

Posted by eScott
Member since Oct 2008
11376 posts
Posted on 1/29/21 at 1:15 pm to
quote:

Support at 275. 4 times now


222 and change next support
Posted by volfan30
Member since Jun 2010
41197 posts
Posted on 1/29/21 at 1:16 pm to
With the way the retail brokers are handling this and the way the options market is looking I just don’t see how people are holding on here. We are down $90 from open on Wednesday and there’s no chance for any significant retail volume buys on the horizon. How are people expecting to capitalize on this and push it up?
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:17 pm to
quote:

Nearly all of the biggest trading platforms artificially removed the amount of demand.


Huh? I'm on my Merrill Edge account right now and I can purchase as much GME as I want.

Just download a different platform and go for it. Plenty of ways to buy GME right now.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 1:17 pm to
shorts are still losing overall today but I'm concerned about how the market closes
This post was edited on 1/29/21 at 1:18 pm
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:18 pm to
quote:

With the way the retail brokers are handling this and the way the options market is looking I just don’t see how people are holding on here. We are down $90 from open on Wednesday and there’s no chance for any significant retail volume buys on the horizon. How are people expecting to capitalize on this and push it up?



The same way they did from the beginning; all the shorts having to buy up their short positions at an obscenely inflated price (which has yet to happen).
Posted by notsince98
KC, MO
Member since Oct 2012
21373 posts
Posted on 1/29/21 at 1:18 pm to
quote:

there’s no chance for any significant retail volume buys on the horizon


that isn't true. you just cant do it on RH.
Posted by TigeRoots
Member since Oct 2008
8553 posts
Posted on 1/29/21 at 1:19 pm to
It’s gonna be ugly as retail heads for the hills on a Friday
Posted by volfan30
Member since Jun 2010
41197 posts
Posted on 1/29/21 at 1:20 pm to
My fear is they are going to hold out longer than your average retail trader, who can’t afford to leave $5k in RobinHood more than a couple weeks and Joe Q Public who loses interest after a week long stalemate.
Posted by el Gaucho
He/They
Member since Dec 2010
58507 posts
Posted on 1/29/21 at 1:21 pm to
Wish I woulda sold this morning lol
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