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Old 01-29-2021, 02:51 PM   #1026
rafiki
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Re: 2021 Trading Thread

Think GME gets to $200 today?
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Old 01-29-2021, 02:53 PM   #1027
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Re: 2021 Trading Thread

top of all markets for >1 yr?
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Old 01-29-2021, 03:05 PM   #1028
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Re: 2021 Trading Thread

Lol, you are restricted to buying 1 share of gme on robinhood now, what a joke
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Old 01-29-2021, 03:10 PM   #1029
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Re: 2021 Trading Thread

Quote:
Originally Posted by ToothSayer View Post
So the only time they've ever needed to stop all trading to manage "counterparty risk" - through the pot bubble, crypto bubbles, dry shipping bubbles, even the 2018 XIV etc blowup - is just one that happens to coincide with major hedge funds backed by Citadel getting blown up?
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.
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Old 01-29-2021, 03:12 PM   #1030
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Re: 2021 Trading Thread

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Originally Posted by Nonfiction View Post
Lol, you are restricted to buying 1 share of gme on robinhood now, what a joke
So they just dial it up and down depending on what effect they want to create on the stock? Amazing stuff.
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Old 01-29-2021, 03:19 PM   #1031
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Re: 2021 Trading Thread

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.
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Old 01-29-2021, 03:20 PM   #1032
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Re: 2021 Trading Thread

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Originally Posted by Nonfiction View Post
Lol, you are restricted to buying 1 share of gme on robinhood now, what a joke
Quote:
Originally Posted by rafiki View Post
Think GME gets to $200 today?
ok that answers that lol
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Old 01-29-2021, 03:29 PM   #1033
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Re: 2021 Trading Thread

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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.
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Old 01-29-2021, 03:30 PM   #1034
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Re: 2021 Trading Thread

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
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Old 01-29-2021, 03:31 PM   #1035
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Re: 2021 Trading Thread

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Originally Posted by a_r_K View Post
What about the guys who lost their student loans/money to pay for dogs surgery margin longing and got stopped out?
All dogs go to heaven. Gotta gamble it up.
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Old 01-29-2021, 03:38 PM   #1036
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Re: 2021 Trading Thread

Quote:
Originally Posted by Nonfiction View Post
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
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.
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Old 01-29-2021, 03:41 PM   #1037
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Re: 2021 Trading Thread

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.
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Old 01-29-2021, 03:48 PM   #1038
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Re: 2021 Trading Thread

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.
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Old 01-29-2021, 04:02 PM   #1039
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Re: 2021 Trading Thread

^^ In that case, all trading is manipulation.
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Old 01-29-2021, 04:25 PM   #1040
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Re: 2021 Trading Thread

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?
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Old 01-29-2021, 04:38 PM   #1041
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Re: 2021 Trading Thread

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?
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Old 01-29-2021, 04:48 PM   #1042
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Re: 2021 Trading Thread

Quote:
Originally Posted by somigosaden View Post
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.)

...
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?
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Old 01-29-2021, 04:50 PM   #1043
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Re: 2021 Trading Thread

Quote:
Originally Posted by BilldaCat View Post
wrote a SKT due diligence post for wallstreetbets that got some good traction and discussion:

https://www.reddit.com/r/wallstreetb...r_outlets_skt/
How much $$$ can BFI get together, wsb style?
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Old 01-29-2021, 04:56 PM   #1044
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Re: 2021 Trading Thread

Quote:
I think manipulation is a fair way to put it. They don't legitimately believe GME is worth 500 a share;
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.
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Old 01-29-2021, 05:03 PM   #1045
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Re: 2021 Trading Thread

Quote:
Originally Posted by jchristo View Post
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?
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.
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Old 01-29-2021, 05:03 PM   #1046
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Re: 2021 Trading Thread

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
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Old 01-29-2021, 05:06 PM   #1047
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Re: 2021 Trading Thread

Pretty sure anyone buying these squeezes is late and the r:r isn’t much more than 1:1
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Old 01-29-2021, 05:16 PM   #1048
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Re: 2021 Trading Thread

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Originally Posted by antialias View Post
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.
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?
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Old 01-29-2021, 05:20 PM   #1049
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Re: 2021 Trading Thread

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Originally Posted by Cuepee View Post
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.
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?
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Old 01-29-2021, 05:24 PM   #1050
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Re: 2021 Trading Thread

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?
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