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re: So I bought some Gamestop(GME)
Posted on 1/30/21 at 11:05 pm to GAFF
Posted on 1/30/21 at 11:05 pm to GAFF
quote:
I’m curious why a guy like DFV hasn’t sold yet. I knows he’s taken profits but 30 mil or whatever it is is a lot to gamble. What’s y’all’s opinions? Truly holding out for the moon? Up so much he figures he can let it ride and still get out with a decent sum when it crashes? Knows he can’t sell now and ruin the movement?
I think these guys are trying to send a message.
1
Posted on 1/30/21 at 11:23 pm to TigerTatorTots
quote:
10 hedge funds have fallen?? I feel like we'd hear about that by now.
Read through the AMA and he never mentions anything about hedge funds folding again or which hedge funds are gone after being asked a bunch of times so that was likely bullshite. But yea...I'm still pretty spooked about the outlook over the next couple weeks.
This post was edited on 1/30/21 at 11:34 pm
Posted on 1/31/21 at 12:12 am to slackster
quote:Vlad is full of shite. Vlad said that liquidity wasn't the issue. If we assume Vlad might be telling the truth on that, then there is no other reason to put restrictions like they did on GME and the other stocks. Liquidity is the only reason to do that, and he clearly states on tv that liquidity was not the problem. The Webull ceo said that they did restrictions because of liquidity problems. IBKR put restrictions and the CEO came out and blamed retail as the problem for this.
In the case of RH in particular, I actually believe them when they say it’s a risk management decision with respect to their capital requirements and whatnot.
Posted on 1/31/21 at 3:52 am to 13SaintTiger
slackster also said RH stopped the buying channel of some stocks because of a liquidity issue when their own CEO said that wasn't the situation
This post was edited on 1/31/21 at 3:54 am
Posted on 1/31/21 at 8:43 am to rocket31
Posted on 1/31/21 at 8:48 am to JohnnyKilroy
quote:
He would literally be the most hated man on the internet if he posts his update yesterday showing he dropped out at the most important part of the fight.
He's already taken 13 mill off the table. He pretty much has to go down with the ship or ride it all the way to the moon.
like i said a few days ago, he is a youtube superstar now and can bank on that moving forward. he's already pocketed serious money and raised his status to the elite. no reason to get greedy and ruin it all.
also, there is the secondary short market that we discussed yesterday that could REALLY blow up the system
Posted on 1/31/21 at 8:49 am to KickPuncher
quote:
. Vlad said that liquidity wasn't the issue
i think he was being clever with that statement
RH liquidity isn't an issue (right now)
its clearing house? major issues. they're the ones (likely with influence from fedgov) calling these shots
Posted on 1/31/21 at 9:19 am to SlowFlowPro
Posted on 1/31/21 at 9:21 am to rintintin
I think it's estimated they burned through the 2.75b lifeline the next day.
THE NEXT DAY
THE NEXT DAY
Posted on 1/31/21 at 9:41 am to JohnnyKilroy
quote:
I think it's estimated they burned through the 2.75b lifeline the next day.
THE NEXT DAY
Have they tried budgeting or cutting out the avocado toast?
Posted on 1/31/21 at 9:48 am to Esquire
What are people thinking will happen tmrw? I know this past Friday was one of the first days that a bunch of shite was supposed to happen but it was relatively stable and quiet.
Posted on 1/31/21 at 9:51 am to SlowFlowPro
quote:
its clearing house? major issues. they're the ones (likely with influence from fedgov) calling these shots
This.
Their clearinghouse all but admitted in this cnbc interview.
youtube
Posted on 1/31/21 at 9:52 am to SlowFlowPro
quote:
he is a youtube superstar now and can bank on that moving forward. he's already pocketed serious money and raised his status to the elite. no reason to get greedy and ruin it all.
This is the truth. He can leverage this in so many ways, even beyond YouTube (which will be a cash cow for the next few years) — movie/TV/book deals, speaking engagements, trading advice, etc. The fact that he held makes the story even more compelling.
Posted on 1/31/21 at 9:53 am to ThereGoesHerschel
Hard to say. A TON of calls finished in the money but MMs may have already covered a lot of those but we don't know. We are in a stand off right now. Depends on how many people have been able to move their money to places like vanguard or fidelity.
Posted on 1/31/21 at 10:14 am to JohnnyKilroy
As someone who tried moving a lot of money BEFORE the GME boom I don’t think many will have funds available Monday. Only way is if they still had a chunk of money in their banks. It’s a 3 day transfer time AFTER a 3 day settlement time. Then unless they bank with a major player/already have a brokerage account open, it’s another 2-3 days for verification and deposit. Then you have the poor guys who transferred shares which could take weeks. I’d say it’ll be the week after next before these guys can get back in the game.
Posted on 1/31/21 at 10:52 am to GAFF
This... there is a lot of money currently tied up in transfers via liquidation of RH and WeBull accounts that won’t be playable again till end to late week
Posted on 1/31/21 at 10:57 am to SlowFlowPro
quote:
they're the ones (likely with influence from fedgov) calling these shots
fed intervention is possible esp if price continues to climb higher as they might "kindly" ask gamestop management to issue more shares on the market.
even then, there are limits to the amount of shares that GameStop is allowed to offer but it could deter retail from holding the stock
This post was edited on 1/31/21 at 11:01 am
Posted on 1/31/21 at 11:03 am to rocket31
i think fedgov would just inject money into the system so institutional investors can hold out longer
the problem with this is if they use this money to also short it again, b/c that's like the synthetic CDOs in 2008 that added exponential potential outcomes to the system that it couldn't sustain
when the dust settles, i'm really curious what the ultimate federal response will be. it's going to be harsh. they have to put the cat back in the bag while not upsetting institutions (clearing house4s in particular) that make the modern market work like it does. i'm obviously on the record saying they're going to prosecute some WSB posters and likely people on Twitter, but we can rehash that on the poli board and not this thread
the problem with this is if they use this money to also short it again, b/c that's like the synthetic CDOs in 2008 that added exponential potential outcomes to the system that it couldn't sustain
when the dust settles, i'm really curious what the ultimate federal response will be. it's going to be harsh. they have to put the cat back in the bag while not upsetting institutions (clearing house4s in particular) that make the modern market work like it does. i'm obviously on the record saying they're going to prosecute some WSB posters and likely people on Twitter, but we can rehash that on the poli board and not this thread
Posted on 1/31/21 at 11:09 am to SlowFlowPro
quote:
i think he was being clever with that statement
RH liquidity isn't an issue (right now)
its clearing house? major issues. they're the ones (likely with influence from fedgov) calling these shots
Robinhood self clears all their trades.
quote:
Before, Robinhood was only an introducing broker, which means that we used a clearing brokerage for “back office” support, like settling the trades you placed on Robinhood. Using a clearing broker is the industry norm when a company like Robinhood wants to let its users place trades. In fact, the top five clearing firms cleared 1,310 introducing firms in 2016.
Now, Robinhood is also a clearing broker, which means we have complete control over giving you the best experience out there!
This post was edited on 1/31/21 at 11:10 am
Posted on 1/31/21 at 11:10 am to Chucktown_Badger
oh well that's not the first time i've been wrong
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