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re: So I bought some Gamestop(GME)

Posted on 2/1/21 at 9:49 am to
Posted by DVinBR
Member since Jan 2013
13058 posts
Posted on 2/1/21 at 9:49 am to
ETrade is struggling right now or they're purposely doing it to slow trades down

The website itself is having issues
Posted by castorinho
13623 posts
Member since Nov 2010
82066 posts
Posted on 2/1/21 at 9:49 am to


Posted by PEEPO
Member since Sep 2020
1820 posts
Posted on 2/1/21 at 9:50 am to
Yeah I was going ot say, etrade is crawling/failing right and left. Etrade is a big broker and has been around a long time, there's no way this should happen
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/1/21 at 9:51 am to
I cracked and bought 4 @ 244.80. Looks like I will be going down with the retards as well. For a good cause at least.
This post was edited on 2/1/21 at 9:52 am
Posted by notsince98
KC, MO
Member since Oct 2012
18098 posts
Posted on 2/1/21 at 9:55 am to
quote:

Volume of less than 15 mil on GME, they are just slowly choking it off. AMC v over 215 mil for comparison, such BS.


Maybe AMC is the honeypot to recoup their losses.
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
18371 posts
Posted on 2/1/21 at 9:58 am to
quote:

Maybe AMC is the honeypot to recoup their losses.

WSB is pointing out that Silver is the honeypot that Melvin is using.
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
7721 posts
Posted on 2/1/21 at 10:02 am to
Redditors are claiming the drop is just a ladder attack. Can someone explain what a ladder attack is?
Posted by Nguyener
Kame House
Member since Mar 2013
20603 posts
Posted on 2/1/21 at 10:03 am to
quote:

Maybe AMC is the honeypot to recoup their losses.



That would be silver
Posted by htcthc321
Member since Oct 2010
1663 posts
Posted on 2/1/21 at 10:05 am to
Rapid fire buying & selling to make it appear the price is steadily dropping and a selloff is imminent
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/1/21 at 10:05 am to
quote:

Can someone explain what a ladder attack is?






Disclaimer: I have no fricking clue.
Posted by Azazello
Member since Sep 2011
3185 posts
Posted on 2/1/21 at 10:07 am to
quote:

Redditors are claiming the drop is just a ladder attack. Can someone explain what a ladder attack is?


The big hedge funds are just putting in lower and lower bid prices between themselves. There is little to no volume on those trades, and since no one can buy it “looks” like the stock is plummeting.


Best explanation from Reddit

quote:

The neighbor puts a For Sale sign on his Camaro. Imagine you and a couple buddies wanted to buy it. He says he wants $6,000. Your buddy says to you loudly, “How about $4K and I just sell you mine?” You say sure! (But you don’t actually buy). Next day, you approach your other buddy and say loud enough for the neighbor to hear, “Aww man, Camaros are shite.. can you take this off my hands for $3K?” He grudgingly agrees, but no cars change hands. Two days later you approach your neighbor and say, “$6K.. man, that’s crazy. One just sold for $3K. How about $2500?” He heard the other sales numbers and thinks, “maybe this isn’t worth what I thought it was.” And boom! You convinced that dumb neighbor his tendies were stale.
Posted by notsince98
KC, MO
Member since Oct 2012
18098 posts
Posted on 2/1/21 at 10:07 am to
quote:

That would be silver


They may not have just one. These are big players. I find it really concerning AMC isn't getting the GME treatment, at least to the same extent. It is like they are doing enough to make you think they don't want you to invest in AMC yet volume trading is still massive.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31335 posts
Posted on 2/1/21 at 10:08 am to
quote:

ETrade is struggling right now or they're purposely doing it to slow trades down

The website itself is having issues


I've noticed it as well. Seems to have gotten better.
Posted by Nguyener
Kame House
Member since Mar 2013
20603 posts
Posted on 2/1/21 at 10:11 am to
I think it’s just sheer volume of traffic on the site and apps.

I haven’t had any problems buying, selling, or transferring money in or out of E*TRADE. Just long load times here and there
Posted by xenythx
Member since Dec 2007
32433 posts
Posted on 2/1/21 at 10:26 am to
I bet there's a late day surge that gets this over $300 by EOD again, and we start this game all over tomorrow.

The concern now is that people are starting to get bored, which is exactly what they want.
Posted by Breadstick Gun
Colorado Springs, CO
Member since Apr 2009
10176 posts
Posted on 2/1/21 at 10:29 am to
we're rallying right now. They'll halt soon I'm sure.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3810 posts
Posted on 2/1/21 at 10:31 am to
quote:

The concern now is that people are starting to get bored, which is exactly what they want.


Bored and without that “payoff” or :rocket: that everyone was promised on Wednesday, no Friday, no wait it’s Monday, I mean Wednesday this week.

It may moonshot, but it’s lost incredible momentum, not to mention now the split offs to 4-5 different equities (AMC, NOK, BB, AG, etc)
Posted by SLafourche07
Member since Feb 2008
9932 posts
Posted on 2/1/21 at 10:31 am to
Schwab was telling me earlier that I didn't actually have the shares of GME or AMC to set a sell limit order.
Posted by jrodLSUke
Premium
Member since Jan 2011
22286 posts
Posted on 2/1/21 at 10:34 am to
Looks like the dip could be over. It didn't hit my targets for buy, and I'm betting there were plenty others. It wouldn't surprise me if people start to lose patience and start buying at lunch.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35572 posts
Posted on 2/1/21 at 10:46 am to
quote:

not to mention now the split offs to 4-5 different equities (AMC, NOK, BB, AG, etc)


Aside from getting the clearing houses to up the collateral reqs, this has been by far their most successful play.

Wsb went from 90% in on gme to like 50% gme 50% other memes.
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