I'm glad he's spreading the word about this. Those 24 or 48 hours let the hedge funds escape. The good news is, this isn't over yet. There were a ton of naked calls in the money yesterday which means the sellers of the calls have to buy the stock on the open market over the next few sessions to deliver to the holders of the options who want delivery. This will push the price up again this next week and start the whole cycle over again. If the market is allowed to operate normally, this could be an epic week. Most people have signed up for other brokerages so Robinhood will be less of an issue. On a side note. GameStop is not going anywhere. Bankruptcy is off the table. They have 60 million plus shares in their treasury that they bought back in 2019 for $5 a share. Even if they just sold a portion at the recent prices, they can fund their operations for years. If they sell all of them, it wouldn't help the shorts. It would still be the most heavily shorted stock in the market and it would have 18 billion plus in the bank to become a tech giant. The cash value alone of the company would be $150+ a share. +1 WO sMerit I want to support it too. For a non U.S. resident I've read Charles Schwab or Tastyworks would be a good option to open an U.S. brokerage account.
|
|
|
still an another prove that mindrust didn't understand the bigger picture or don't care about it. he deserves to be a NOCOINER. The hedge funds that shorted the stock to a technically unsustainable level are getting what they deserve. However, the same goes for the idiots who are still buying the stock. GME isn't worth $400 a share and in all likelihood will never be worth $400 a share. A collapse is all but guaranteed. Right now there is still to much hype driving the buy side, but this will lose momentum over time for the simple fact that people sitting on huge paper gains can't realize them without selling. Just as the buildup gained momentum, eventually the opposite will happen and the collapse will build momentum. One thing remains invariably true- anyone who loses money trading this absolutely deserves it.
If I had a RH account right now i would short the fuck out of that stock. I don't give af if that's a riot against the hedge funds or the financial system. That screams free money. They were aiming for $300-500 at first and then they started screaming $1000 lately i see them if they want to pump this to $60k because they calculated the whole wall street would go bust if they do so. What kind of drugs are they taking again? If they want to wreck the wall street why don't they long gold? If all those people were longing gold instead that would cause much more harm. As you said the company is initially worthless. Even if they pump it to $100k eventually it will return to 0.
|
|
|
That's kind of sad 1 share plays small violin and they say there are no liquidity issues haha. Karma is hitting back for the lost soul in June 2020.
|
|
|
does anybody know on which U.S. marketplaces a HF is allowed to trade with: a) physical BTC (spot) b) Futures on BTC (derivatives) c) Options on BTC (derivatives) found on the first look LedgerX.
|
|
|
Dear WallStreetBets: Hedge Funds Are Very, Very Short BitcoinHere we respectfully bring to the attention of r/wallstreetbets something they may have missed in their search for shortable equities: move to futures, where one asset stands out. According to the CFTC's latest Traders in Financial Futures report, the net short position in bitcoin futures is now the biggest it has ever been. What better way to hammer those evil hedge funds than to follow up the "short" colonoscopy with a moonshot in bitcoin, which leads to even more billions in losses. have the feeling something unexpected will happen 2021. we are on the edge of a paradigm shift.
|
|
|
man, get a reputable broker and not this bucket-shop called RobinSucks
|
|
|
WHICH U.S. BROKER? #goddamnit #nohomo #nohaiku
|
|
|
Wie funktioniert das denn genau? Ich fädel den seed auf diese Säulen auf?
...und dann kannst du es gut reinverstecken Gut für Reisen und so.....entdeckt ein Körperscanner sowas? nicht wenn es aus kunststoff ist, IMO. Ü-Ei anal meine Empfehlung.
|
|
|
I have a gut feeling that WSB won't be on the winning side when the dust settles. But that's OK as long as RobinHood and the other thieves get punished also.
I think it’s highly unlikely for a WSB boy to get fined or sanctioned. This would imply a massive investigative effort to determine which RH account was somehow tied to a Reddit account. And also, given they operated a KYCed, fully regulated market, I find very difficult for anyone to demonstrate some rule breaking. Of course, this is instead my gut feeling. Like no major fine to Citadel and company. the guy which orchestrated the "manipulation" has revealed himself already. let's see what the future will bring. two guys in GB were fined high for orchestrating a snow ball fight theses days too.
|
|
|
Apparently u/DeepFuckingValue isn't anonymous. He even did an interview with WSJ. Really hope he stays safe. Keith Gill aka u/DeepFuckingValue talks with WSJ“I didn’t expect this,” said Keith Gill, 34 years old, known as “DeepF—ingValue” by fans on Reddit’s WallStreetBets forum and “Dada” by his 2-year-old daughter. He said he didn’t set out to draw the attention of Congress, the Federal Reserve, hedge funds, the media, trading platforms and hundreds of thousands of investors.
“This story is so much bigger than me,” Mr. Gill told The Wall Street Journal in his first interview since the unboxing this week of a volatile new stock market game. “I support these retail investors, their ability to make a statement.” I hope he stays safe among all this publicity. sounds retarded to give a public interview with real name. #NotLearnedAnythingFromSatoshi
|
|
|
Got one share GME. Set sell order at 50k. Diamond hands. Waiting for squeeze. Buy BTC. HODL.
Setting the order may prevent the share from being lend out again. Legend I have a GME share sitting Robinhood. I keep trying to place a limit sell at $10k and it keeps getting rejected on the grounds of "Your limit price is too far away from current market movement." What the fuck is that shit. It's my property I can sell it for however much I want. *EDIT - Bitcoin users unaffected. sounds like a shity MT4 bucketshop for CFD's (which are forbidden in the U.S. for a reason!).
|
|
|
Got one share GME. Set sell order at 50k. Diamond hands. Waiting for squeeze. Buy BTC. HODL.
Setting the order may prevent the share from being lend out again. Legend which US broker do you recommend? Tastytrade.com is a good one?
|
|
|
Legend too! texting her into his bed.
|
|
|
there are massive fights of the BTC against EUR sellers and buyers. EDIT: we certainly need the breakout in BTC/EUR too then all will be fine!
|
|
|
just a retest. RELAX!
|
|
|
Big move is due to break of the triangle formation. let's hope it is not a fake breakout.
it's not. $100k within this year. quote me.
|
|
|
my buddies Baiju and Vladimir are Subs of the Financial Industry. so sad!
|
|
|
next 24TM hours are critical!!!1!!1!
|
|
|
|