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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 1:51 pm to
Posted by castorinho
13623 posts
Member since Nov 2010
86565 posts
Posted on 1/29/21 at 1:51 pm to
Whole lot of 300 sell orders
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40297 posts
Posted on 1/29/21 at 1:51 pm to
Do these people not realize that only like 2 brokers allowed you to buy gme yesterday?

Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:52 pm to
quote:

Even my Schwab account takes at least a business day with a linked account.


Great. So fund your account and buy GME one business day later.

In other news, LISTEN UP frick HEADS. From WSB....

quote:

Ok listen up... I know it's Friday and some of you short-term monkey brains are thinking about bailing on your brothers. Your paper hands are beginning to cramp up. I get it. BUT WE CANNOT SELL!

There are still MASSIVE amounts of shorts on $GME. Still well over 113% of total shares floated (from S3 Partners). Some old shorts have gotten out, but many NEW shorts have taken their place in the past couple of days hoping that $GME will die out.

Here is the key part...
They are literally PRAYING for us to sell our shares and end this entire thing today. They are HOPING that they can make back their money at our expense... BECAUSE EVERY SINGLE DAY THAT THEY HOLD THEIR SHORT POSITIONS IS COSTING THEM BILLIONS OF DOLLARS COLLECTIVELY!!!

BILLIONS A DAY.
All we need to do is HOLD. That's it. We will cost them so much money today, next Monday, Tuesday, Wednesday, Thursday, and on and on. Soon enough they won't be able to pay the cost of their shorts or it just won't be worth the cost anymore and they will all eventually have to bail. THAT IS GOING TO BE THE SQUEEZE. Once the costs keep adding up, they will start to bail and the rest will follow.

WE MUST STAY STRONG. DON’T FORGET WHAT THEY HAVE DONE TO US. IT'S A GAME OF CHICKEN. WHOEVER BLINKS FIRST.. LOSES.
We're not fricking blinking.

TL/DR: HOLD. HOLD. HOLD. THIS WEEKEND INTO NEXT WEEK IS CRUCIAL!
(Not financial advice. Entertainment only)
This post was edited on 1/29/21 at 1:52 pm
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14470 posts
Posted on 1/29/21 at 1:52 pm to
E*TRADE restricted yesterday but is working today
Posted by TDTOM
Member since Jan 2021
24732 posts
Posted on 1/29/21 at 1:52 pm to
Accounts and AUM
Posted by biggie
Member since May 2013
90 posts
Posted on 1/29/21 at 1:53 pm to
Anyone want to throw some fun guesses at the closing price?

I'm thinking 240 due to the short ladders and subsequent buys. Today has been strangely quiet.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466272 posts
Posted on 1/29/21 at 1:53 pm to
quote:

Great. So fund your account and buy GME one business day later.

tHe RuLeS wErNe'T cHaNgEd
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14470 posts
Posted on 1/29/21 at 1:54 pm to
quote:

Anyone want to throw some fun guesses at the closing price?

$438

Full disclosure: I’m about to maybe lose a lot of money
This post was edited on 1/29/21 at 1:56 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 1:54 pm to
It’s going to be close to 200 based on nothing but a guess. Today’s pattern is about to go out the window
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466272 posts
Posted on 1/29/21 at 1:55 pm to
quote:

Do these people not realize that only like 2 brokers allowed you to buy gme yesterday?

I'm just guessing by the structural issues presented yesterday that any retail trading platform/broker that allowed instant money was told that the clearing house wouldn't allow them to deal with much GME volume.
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 1:55 pm to
quote:

tHe RuLeS wErNe'T cHaNgEd


Having to wait until your account is funded to make a purchase is not a new rule. lol wtf?

This post was edited on 1/29/21 at 1:57 pm
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/29/21 at 1:56 pm to
Anyone who thinks the rules weren’t changed is an idiot
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466272 posts
Posted on 1/29/21 at 1:56 pm to
quote:

Having to wait until your account is funded to make a purchase is not a rule change. lol wtf?

This is only after being forced to change platforms.
This post was edited on 1/29/21 at 1:57 pm
Posted by Hat Tricks
Member since Oct 2003
28874 posts
Posted on 1/29/21 at 1:57 pm to
quote:

Having to wait until your account is funded to make a purchase is not a new rule. lol wtf?


It is when you're trying to buy that day and you've been shutout by the platform you were already using.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466272 posts
Posted on 1/29/21 at 1:57 pm to
quote:

Anyone who thinks the rules weren’t changed is an idiot

i won't say that

i'll say they're trying to be clever, though
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 1:58 pm to
quote:

Opening up an account where you can purchase as much GME as you want is easy as shite


lets pretend like this is true...

are you going to enthusiastic about depositing money into another broker when one of the most popular ones cut trading off?

most people are going to hesitate and reconsider the whole thing.

the retail surge was peaking wednesday (GME, AMC, NOK) and by Thur morning that momentum was squashed.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 2:00 pm to
Either TD is all drinking on a Friday afternoon or all got out of GME
Posted by TDTOM
Member since Jan 2021
24732 posts
Posted on 1/29/21 at 2:01 pm to
quote:

lets pretend like this is true...



It is easy, but does take time. Fidelity allowed me to buy what ever I wanted yesterday.
Posted by Grateful Reb
Member since Apr 2011
8070 posts
Posted on 1/29/21 at 2:02 pm to
quote:

Either TD is all drinking on a Friday afternoon or all got out of GME


Meh. Bitterness and pessimism is par for the course here. This play was never for the faint of heart.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40297 posts
Posted on 1/29/21 at 2:02 pm to
quote:

tHe RuLeS wErNe'T cHaNgEd


I can’t comprehend these arguments
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