Not saying its not the case, but wouldn't you have to look at $ volume traded not price change as the measure for clearing risk.

So they just dial it up and down depending on what effect they want to create on the stock? Amazing stuff.

Good basic rundown of what's going on, good channel as well:

https://www.youtube.com/watch?v=enLiJfijWBI

At this point it is irrelevant what Robinhood et al claims is the reason for limiting buying. What matters is the result. Qui bono.

ok that answers that lol

This is now a waiting game between $11.2B in short positions that are paying interest and borrowing money from other hedge funds to stay solvent and 6 million unemployed tards on reddit.

If this was a free market, the game would already be over with the hedge funds involved completely dusted. Waiting on the SEC/NYSE to step in to save their buddies.

Robinhood #stock purchase limits for today:

• $AAL - 5 shares

• $AG - 5 shares

• $AMC - 10 shares

• $AMD - 1 share

• $BB - 5 shares

• $BBBY - 2 shares

• $EXPR - 5 shares

• $GME - 1 share

• $KOSS - 1 share

• $NAKD - 50 shares

• $NOK - 20 shares

• $TR - 25 shares

• $WKHS - 3 shares

• $XM - 2 shares

All dogs go to heaven. Gotta gamble it up.

This is such a joke. Busted ass RH can't even handle straight share buys of some small cap companies. Like seriously the exponential volatility of GME options I get but you can't go straight long in these other stocks? The only excuse outside of corruption is complete and utter failure at what they do. Good luck surviving this.

Seems like this just goes on for a bit longer and more and more people quietly take profits and the air slowly seeps out of the balloon.

Hard to imagine AMC getting way beyond 14-18, no idea about GME, but his kind of momentum is really hard to maintain.

chytry, I think manipulation is a fair way to put it. They don't legitimately believe GME is worth 500 a share; they just want to manipulate the price to get there by squeezing shorts. (I haven't thought deeply on whether that should be legal or not, but I think that it's currently illegal.)

Tooth, I'm not convinced that RH's actions were on the up-and-up. Maybe it was pure corruption and they didn't need to halt buying or liquidate anyone's margin account. Maybe it was somewhere in the middle: they halted more buying and liquidated more margin than necessary because they are biased and know where their money comes from. But I wanted to acknowledge posters who are providing alternative perspectives to the discussion. I know you don't think highly of candybar, but I think he adds value to most discussions, and does so in a very non-Cuepee, non-tgiggity way.

^^ In that case, all trading is manipulation.

So that’s why my bb and Nokia are going down? I feel lucky that people are able to do 20 shares of Nokia though. How many people will it take to pump it back to $8?

Feels like NOK (and lesser BB) are slam dunk buys right now. Both getting artificially suppressed right now without huge downside risk that I can see?

So that then begs the question, ...

'Should the market be able to trade on more than just Company Fundamentals'?

So in this instance, these Traders saw a massive market inefficiency and available exploit. Another group (hedge funds) have over Shorted the market causing a market distortion that is exploitable. So while the fundamentals of the company may not make it worth $500 a share, the fix to the situation the Hedge funds created is worth $500/sh.

People see that, ...so should they be able to take advantage or should the one who created that vulnerability have some type of market protection?

How much $$$ can BFI get together, wsb style?

Stocks are a bet on the future - not on what a company is worth. If you think the stock will go up that's a legitimate reason to buy.

Or do you seriously think that someone who buys and sells stock in terms of days, hours, seconds or even microseconds - i.e. every daytrader out there - cares one whit whether the company is actually worth the price they paid?

By your standard they'd all be stock manipulators and I don't think one can make that case.

I bought BB and RKT since both are on the shortlist for WSB pumps + unlike a few others actually have some reasonable business behind them.

Potential upside of them going 5x just because they're flavour of the week for retail investors outweighs the downside IMO.

the xrt etf lost 80% of it's AUM over this GME run up

GME now 12.37% of the index while the next biggest holding is 1.66% which is blink like how is that even retail anyway

Pretty sure anyone buying these squeezes is late and the r:r isn’t much more than 1:1

And even beyond 'true company value' though, what if I think the market is being distorted by people making a very wrong bet (either long or short) that is distorting the market and if they caught and have to fix things that will cause a market distortion where i can make a lot of money.

Should Traders be able to act on that (not company fundamentals) to make money off of that exposure or should the actors who made the bets who created that bad exposure be protected?

You're asking me this as someone who's bought a bunch of Tesla shares when all the FUD about Tesla and EVs in general was going through the media 24/7 in 2019 (and still holding them)

Do I have to answer?

Better yet, if retail investors collectively decide to short a stock excessively, at huge risk to themselves, and a few hedge funds (with far more purchasing power than wallstreetbets) notice this and place large bets on the price to rise causing a short squeeze, are there protections in place at the brokers to prevent the retail investors from losing too much money?

And you'd think the hedge funds would hesitate a microsecond given half the chance in this scenario?

Yes, thank you, this information checks out. Started the transfer process today and it looks less painful than I had anticipated.

Even if I didn't believe there was malicious intent on behalf of E-trade (I do), transferring funds to a brokerage that didn't limit trading during this event seems wise for possible participation in future events.

I don't wnat to make this about Tesla but it is a good example.

What if Trading Houses just decided 'enough, this stock is not trading on any financial merits. They have created a huge valuation bubble that will greatly hurt investors if it crashes and as such we are going to limit accounts to 'Sell only' until the price is brought to more reasonable multiple levels'?

Is that the role we want to see Brokerage Houses play? Trying to protect anyone from buying now and being a potential 'bag holder' if it crashes?