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This situation has educated thousands on how the stock market works

Posted on 1/27/21 at 10:47 pm
Posted by flyAU
Scottsdale
Member since Dec 2010
24850 posts
Posted on 1/27/21 at 10:47 pm
Including me

How hedge funds work
Pre-market and post market
That CNBC is propoganda
Elites truly are pulling the strings and aren’t used to the puppet fighting back
Posted by Ping Pong
LSU and UVA alum
Member since Aug 2014
5353 posts
Posted on 1/27/21 at 10:49 pm to
quote:

That CNBC is propoganda


The “NBC” gives that away

quote:

Elites truly are pulling the strings and aren’t used to the puppet fighting back


You hate to see it
Posted by thelawnwranglers
Member since Sep 2007
38790 posts
Posted on 1/27/21 at 10:50 pm to
quote:

That CNBC is propoganda


Stuck in old ways

I really enjoyed Chamath sticking it to them. That said what is the GME end game? At some point the joy ride ends right? You assume it ends with reddit bagholders
This post was edited on 1/27/21 at 10:51 pm
Posted by flyAU
Scottsdale
Member since Dec 2010
24850 posts
Posted on 1/27/21 at 10:52 pm to
People on Twitter are sayin hold til Friday. That some hedge contracts come do and they will need to buy the stock to give back to the borrower.
Posted by thelawnwranglers
Member since Sep 2007
38790 posts
Posted on 1/27/21 at 10:54 pm to
quote:

People on Twitter are sayin hold til Friday. That some hedge contracts come do and they will need to buy the stock to give back to the borrower.



Yeah that makes sense

But it will be free for all once the selling starts probably?

What if your account freezes like today.

Going to be interesting

Part of the perfect storm could be how unconcentrated the shares are
This post was edited on 1/27/21 at 10:56 pm
Posted by WaterLink
Baton Rouge
Member since Sep 2015
17264 posts
Posted on 1/27/21 at 10:58 pm to
Honestly this whole situation reminds me of this Doug Stanhope bit:

Doug Stanhope on the Occupy movement

Not that they took his exact idea that he had. But these reddit folk are actually legit fricking with the system and the stock market. Not going in the streets and holding a sign and agitating people and acting like you're making any difference in the world other than inciting violence.
Posted by flyAU
Scottsdale
Member since Dec 2010
24850 posts
Posted on 1/27/21 at 11:03 pm to
Sell Stop loss would be the way to protect yourself. There are smarter people in here so they may have better advice
Posted by jimjackandjose
Member since Jun 2011
6498 posts
Posted on 1/27/21 at 11:15 pm to
Stop losses didnt execute today when platforms went down
Posted by YogaPants
Baton Rouge
Member since Aug 2008
4704 posts
Posted on 1/27/21 at 11:27 pm to
we all need to ride these stocks tomorrow

Posted by Weagle25
THE Football State.
Member since Oct 2011
46193 posts
Posted on 1/27/21 at 11:32 pm to
It is kinda amazing how many people know about this.

Friends who never say a word about the market are mentioning it
Posted by thelawnwranglers
Member since Sep 2007
38790 posts
Posted on 1/27/21 at 11:35 pm to
quote:


It is kinda amazing how many people know about this.

Friends who never say a word about the market are mentioning it


I have sense right are wrong more retailers dealing in options as well

Was interesting at on point in covid supposedly market was eating up.sports gambling funds because no sports
Posted by Shamoan
Member since Feb 2019
9211 posts
Posted on 1/28/21 at 12:24 am to
When Pinocchio pokes Geppetto in the eye and says “frick off”
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1062 posts
Posted on 1/28/21 at 2:14 am to
quote:

Stop losses didnt execute today when platforms went down


Mine did but I just had stops no limit. Alot of them were hit at open when TDA was moving like AOL.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16989 posts
Posted on 1/28/21 at 6:19 am to
It ain't no fun when the rabbit got the gun.
Posted by Napoleon
Kenna
Member since Dec 2007
69106 posts
Posted on 1/28/21 at 6:27 am to
I have trouble getting market sales to go through but no issue with limits.

I bought back in at 250. I'm good with 500. That's where it's at right now.

I need to get back to my options. Macy's made me more money this week than Game Stop.
Posted by go ta hell ole miss
Member since Jan 2007
13628 posts
Posted on 1/28/21 at 6:35 am to
quote:

That said what is the GME end game? At some point the joy ride ends right? You assume it ends with reddit bagholders


Cohen can issue stock and revolutionize the company now. It really can pivot with this run. The stock will likely go to $1000 with no profits to justify it. Similar to Tesla. There doesn’t have to be an end game as Tesla has proven.
Posted by lsutigermall
Plantation Trace
Member since Nov 2006
7301 posts
Posted on 1/28/21 at 8:11 am to
Including me. Always been a long term 'take my 10+% per year' kind of investor. Some of this is short lived but I do think we should keep short squeezing and sticking it to the short sellers. If we can keep it stealthy, it may quell the habit and give some of those businesses some breathing room.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41149 posts
Posted on 1/28/21 at 8:14 am to
quote:


I really enjoyed Chamath sticking it to them.


The interview he did with Wapner was amazing. I might rewatch it today. I wish there was another news network I could watch without all the big gov’t, leftist talking points.

ETA: Found a link. It's not the whole interview, but it's enough to let you understand where CNBC is on this deal: Interview
This post was edited on 1/28/21 at 8:29 am
Posted by Suntiger
BR or somewhere else
Member since Feb 2007
32966 posts
Posted on 1/28/21 at 8:34 am to
quote:

This situation has educated thousands on how the stock market works


quote:

But it will be free for all once the selling starts probably?


Education comes from experience. The education hasn’t even started yet.

I don’t have a dog in this hunt, but I find this very interesting to watch. Classic prisoner’s dilemma.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41149 posts
Posted on 1/28/21 at 10:43 am to
The melts on CNBC continue today. It's glorious to behold.
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