re: The Reddit GME pump was a TACTIC, not a STRATEGY.

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I mean, now WSB has 5 million members and they can easily follow where the shorts are and then overrun the stock to drive the price up for a quick gain. No way is that allowed going forward.

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Then they shouldn't short.

They were joined by institutional and momentum investors on the way up; that's why it pumped up 3000%+. And I'm sure they were the first to get out once it began to turn.

I just hope the guy who came up with the idea in 2019 cashed out for his 8 figures. He made a good pick of an undervalued stock, which, in normal times, might yield 300%. I hope he cashed the windfall.

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They clearly screwed up, but I don’t think they were for the reasons people seem to think

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The reason is that they didn’t have enough capital.

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With 600,000 new accounts on Robinhood on Thursday alone, and the 2 day holding requirement, it probably makes sense why this happen early Thursday

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What 2 day holding requirement? I’ve been able to trade the day of. And with this 600k members, the squeeze was just getting started. I’m just contending slackster saying it was retailers trading between retailers, which is a moot point, and not shorts getting squeezed. The bottom line is the price was surging dramatically pre-market and as soon as the market opened. That’s not a sign of the squeeze being finished, it’s a sign of the squeeze getting started.

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every college kid who knows nothing but buy low/sell high

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I wish I knew this.

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college kid who knows nothing but buy low/sell high

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Me: "Hey I bought these Gamestop shares a few days ago for $480, but they don't seem to be working, can I return them?"

Gamestop employee: "I can give you $80 for them"

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What 2 day holding requirement? I’ve been able to trade the day of.

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You’ve made a ton of comments about this situation, yet failed to learn about the “T + 2” settlement requirements that already and the potential credit risks existed and was a the reason the brokerages said that restricted trading.

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I’ve been able to trade the day of.

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See you are ok with the benefits these brokerages provide, but don’t care about the risks that the services take on for it? I don’t know how many times I’ve seen people complain on Reddit about selling tens or thousand in stocks and how long it takes to settle and then get deposited. But that’s largely because of these requirements.

You guys seem to think it’s like withdrawing from a checking account, and while stocks are liquid, they’re not as liquid as cash, and even then there has been a lot of effort put into avoiding bank runs, where people found out that 100% isn’t just sitting idly in a vault to withdraw (see It’s a Wonderful Life).

Now clearly, Robinhood was undercapitalized for this situation, which is partly their fault, but at the same time, it was a crazy situation that would be hard to even predict until it happens.

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That’s not a sign of the squeeze being finished, it’s a sign of the squeeze getting started.

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Or it may have nothing to do with a squeeze and was just people pumping up the stock. Like I said earlier, I think Wall Street got in on it, and the retail investors who bought into this fake cause are the ones who are going to get screwed, showing that emotion is the problem, not the ones who put it aside and come out better.

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You’ve made a ton of comments about this situation, yet failed to learn about the “T + 2” settlement requirements that already and the potential credit risks existed and was a the reason the brokerages said that restricted trading.

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No, you said 2 day hold period which can mean anything. But you meant to say settlement period.

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See you are ok with the benefits these brokerages provide, but don’t care about the risks that the services take on for it? I don’t know how many times I’ve seen people complain on Reddit about selling tens or thousand in stocks and how long it takes to settle and then get deposited. But that’s largely because of these requirements.

You guys seem to think it’s like withdrawing from a checking account, and while stocks are liquid, they’re not as liquid as cash, and even then there has been a lot of effort put into avoiding bank runs, where people found out that 100% isn’t just sitting idly in a vault to withdraw (see It’s a Wonderful Life).

Now clearly, Robinhood was undercapitalized for this situation, which is partly their fault, but at the same time, it was a crazy situation that would be hard to even predict until it happens.

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What are you talking about? At no point in my response to you did I complain about being able to instantly trade and what did I say that made you perceive that I don’t know how it works? What is their fault is not communicating clearly to their users.

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I think Wall Street got in on it, and the retail investors who bought into this fake cause are the ones who are going to get screwed, showing that emotion is the problem, not the ones who put it aside and come out better.

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Of course Wall Street got in on it and of course people are going to get screwed. That’s not lost on 99% of the folks who got in. I’m honestly not sure what you are arguing or what point you are trying to make because none of it had to do with platforms halting buys being the catalyst for it all crashing down.

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What are you talking about? At no point in my response to you did I complain

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Which is why I said “people on Reddit.”

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What is their fault is not communicating clearly to their users.

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Sure. That’s a reasonable complaint. But those who are calling it collusion with hedge funds and a stunt are misplacing their criticism.

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Of course Wall Street got in on it and of course people are going to get screwed.

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Well when it’s about the relationship investor “taking it to Wall Street,” then Wall Street taking it to the retail investor is the opposite. I’m good with anybody getting theirs, but when it became a zero sum game between two sides, then who fell on which side of the equation matters.

I’m just confused about the vitriol against hedge funds, as if they’re winning some game and we’re losing, when we constantly talk about how the hedge funds underperform the market and why investing in a broad index fund is a better option. It seems like, at least on Reddit and social media, that there is some victim complex happening, and yet if one followed sound and safe investment advice, they would not only NOT he a victim, but they would have victimized those who they say are victimizing them.

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No short squeeze in the fricking world has ever been stopped by a retail buy restriction.

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Who started the short squeeze?

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When the retail buyers dried up, there were no buyers, aka, the short squeeze was dead.

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Blatantly disingenuous

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Who started the short squeeze?

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Retail investors. It’s telling you think this is some kind of counterpoint.

GME shorts were fricked and over by Monday/Tuesday. The big boys were out.

Retail kept going. Retail got halted. Retail throes their hands up that no shorts are there to buy and cover because retail is clueless. You overplayed yourself hand. Bravo to anyone that bought before Tuesday. If you held after Thursday/Friday, and you’re in this thread, you’re willfully ignorant. (Thought this was the OG thread)

ETA- retail is halted Thursday, stock plummets. Retail can buy Friday, stock moon shots. Tell me again that this was anything other than retail vs retail at that point?