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re: So I bought some Gamestop(GME)

Posted on 2/1/21 at 12:11 pm to
Posted by teke184
Zachary, LA
Member since Jan 2007
103136 posts
Posted on 2/1/21 at 12:11 pm to
Lots of apps have made it hard or impossible to buy GameStop, which means you probably have to get a regular broker rather than an online one to make the trades.

That’s a barrier to entry considering the level of effort involved. It won’t block people out as much as make them say “frick it” and walk away.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40289 posts
Posted on 2/1/21 at 12:11 pm to
I think a lot of the retards have run out of money to buy coupled with buying restrictions.


Normies have been successfully scared off by buying restrictions and the propaganda that silver, bb, nok and amc are the next ones to hit 1000% gains in 2 weeks.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 2/1/21 at 12:11 pm to
quote:

Hate this. I'm picturing big money shorting this stock again and making even more than they did before.

Pretty much. Since they closed their shorts out and opened new ones along the way
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/1/21 at 12:13 pm to
quote:

Big money was profiting huge on the rally


blackrock seems to be the ones pulling all strings here across several markets

im fairly confident they have thousands of reddit and twitter and stocktwits bots they use to manipulate the markets

eta: they reportedly made $2.6 billion on GME
This post was edited on 2/1/21 at 12:17 pm
Posted by cgrand
HAMMOND
Member since Oct 2009
46661 posts
Posted on 2/1/21 at 12:13 pm to
price check on aisle 5

WallStreetBets price check 2/1

Current price and % move so far today:
$GME $248.9 down 28%
$AMC $14.25 up 7.5%%
$BB $14.83 up 5.18%
$NOK $4.85 up 6.25%
$SNDL $1.12 up 37.4%
$SPCE $51.72 up 16.8%
$TRVG $2.35 down 6.75%
$DOGE $0.03825 down 4%
$SLV $27.09 up 8.4%
$AG $22.31 up 23%
Posted by KamaCausey_LSU
Member since Apr 2013
17138 posts
Posted on 2/1/21 at 12:18 pm to
quote:

Lots of apps have made it hard or impossible to buy GameStop, which means you probably have to get a regular broker rather than an online one to make the trades.

That’s a barrier to entry considering the level of effort involved. It won’t block people out as much as make them say “frick it” and walk away.

No volume. The restrictions have successfully kept volume low so market makers and HFs can work to get the stock "under control".
This post was edited on 2/1/21 at 12:19 pm
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/1/21 at 12:19 pm to
quote:

blackrock seems to be the ones pulling all strings here across several markets

im fairly confident they have thousands of reddit and twitter and stocktwits bots they use to manipulate the markets

eta: they reportedly made $2.6 billion on GME


Yeah, this GME move turned into some "retail investor revolt" against hedge funds meanwhile hedge funds were making bank with the upwards move


ETA: the amount this GME mania spread was insane. It was akin to the 2017 crypto bull run where grandparents were wanting to buy crypto.

People who have no idea about stocks were talking about GME
This post was edited on 2/1/21 at 12:22 pm
Posted by TigerDeBaiter
Member since Dec 2010
10664 posts
Posted on 2/1/21 at 12:22 pm to
Exactly
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 2/1/21 at 12:25 pm to
Those folks who transferred stock to fidelity at end of last week are prolly gonna have a bad week.


Also so everyone knows I joined rocket31 in the paper hands club this morning. Holding shares costing above 300 seemed stupid the longer I did it. Made 50 by risking 1500 so definitely a wsb quality play
Posted by SugarAggie
Member since Mar 2019
356 posts
Posted on 2/1/21 at 12:25 pm to
This post was edited on 2/1/21 at 12:26 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40289 posts
Posted on 2/1/21 at 12:27 pm to
quote:

Those folks who transferred stock to fidelity at end of last week are prolly gonna have a bad week.


RIP
Posted by Big_Slim
Mogadishu
Member since Apr 2016
3979 posts
Posted on 2/1/21 at 12:34 pm to
Whatever happens needs to happen soon because I really need to start being productive again

fricking crash, moon whatever but limbo is killing me.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/1/21 at 12:36 pm to
quote:

People who have no idea about stocks were talking about GME


then every other stock/crypto turned into a "short squeeze"

there were people buying into dogecoin because they said they were "going for the short squeeze" while the circulating supply of dogecoin is infinity
This post was edited on 2/1/21 at 12:38 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35828 posts
Posted on 2/1/21 at 12:37 pm to
So far today it has the feel of a slow bleed.
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
19480 posts
Posted on 2/1/21 at 12:39 pm to
quote:

Yeah, this GME move turned into some "retail investor revolt" against hedge funds
really it was just Citron because of their drivel and then Melvin in particular. Citadel and the other company got involved when they backed Melvin. I'm sure all other big money players made a ton on this.
Posted by DiamondDog
Louisiana
Member since Nov 2019
12816 posts
Posted on 2/1/21 at 12:39 pm to
quote:

So far today it has the feel of a slow bleed.


Swiiiinnnngggg Loooooo Sweetttt Chariot. Coming for to carry me home.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/1/21 at 12:48 pm to
now the MSM is putting reddit propaganda everywhere so boomers are going to now turn to the site for financial advice

"reddit buys silver" was all over nearly every MSM outlet yesterday and today

just another way to manipulate an entire generation of people

Posted by castorinho
13623 posts
Member since Nov 2010
86556 posts
Posted on 2/1/21 at 12:49 pm to
The volume on this thing the past couple of sessions is very interesting.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/1/21 at 12:49 pm to
It’s non existent
This post was edited on 2/1/21 at 12:50 pm
Posted by SugarAggie
Member since Mar 2019
356 posts
Posted on 2/1/21 at 12:51 pm to
Will be curious to see what happens once all the Robinhooders get their funds and positions transferred to different brokerages.
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