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every once in awhile i just look at this post in awe https://old.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/
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Jan 29, 2021 22:40
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gamestop is gonna make a deal with the short sellers for treasury shares and make a ludicrous amount of money off this while freezing out everyone else
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Jan 29, 2021 22:40
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human garbage bag posted:But aren't they also eating huge interest fees if they drag this out? The interest is only if you hold after the set time. The shorted stocks have already been covered so they are just entirely punched out.
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Jan 29, 2021 22:41
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super sweet best pal posted:I don't think Wall Street's ever been directly attacked like this by Main Street before. The responses are also just as unprecedented. I don't know what will come of this but I can't wait. Attack and dethrone hedge funds
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Jan 29, 2021 22:41
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super sweet best pal posted:I don't think Wall Street's ever been directly attacked like this by Main Street before. The responses are also just as unprecedented. I don't know what will come of this but I can't wait. New SEC rule requiring all pattern day traders not associated with a firm have $100,000 cash on hand at all times to cover positions.
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Jan 29, 2021 22:41
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mila kunis posted:the scolding responses from the news and people up top plus the way brokerages have been acting have me incredibly suspiscious that there's some kind of financial contagion that's gonna spread from the shorters getting wrecked
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Jan 29, 2021 22:43
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Chamale posted:I hear Vanguard and TDA are not loving their customers I thought TDA did some fuckery yesterday? Vanguard is on like a 20 minute delay, so probably not a great day trader. Any other good options out there?
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Jan 29, 2021 22:43
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Lawlicaust posted:Looks like RH is now restricting the ability to move buying power from Stocks to Crypto. I bought into doge yesterday afternoon then sold it high last night and bought stocks. I had a few hundred dollars left in my buying power that I was going to use to buy some more doge and pull the same poo poo over the weekend. same here, I can't pull out either. This is so fuckin dumb I want memecoins
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Jan 29, 2021 22:43
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CuddleCryptid posted:The interest is only if you hold after the set time. The shorted stocks have already been covered so they are just entirely punched out. How do you know this?
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Jan 29, 2021 22:43
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SKULL.GIF posted:loving LMAO at WSB figuring out how to get around Robinhood's share restriction by exercising options, the one thing that basically every single finance person, including itt soup & oxsnard, will tell you to never ever bother doing I have no idea that that means, but GO WSB freaks, GO!
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Jan 29, 2021 22:44
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mila kunis posted:the scolding responses from the news and people up top plus the way brokerages have been acting have me incredibly suspiscious that there's some kind of financial contagion that's gonna spread from the shorters getting wrecked yeah agree, the overreaction to this with no plausible explanation why other than 'people may get hurt, meme stocks are worthless' is extremely worrying considering no one really gives a poo poo if people get hurt and all stocks are 'worthless' so yeah who the gently caress knows, but it's a BIG DEAL they say. In the end I don't think any amount of yelling THESE ARE SCAMS is gonna work if this things stays above even $200 for a few more days. If it doesn't start dropping majorly soon the mainstream financial outlets will lose all credibility with people who still trust that garbage.
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Jan 29, 2021 22:44
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so if they want to prevent a massive angry mob they probably just have to keep the price about where its at forever right
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Jan 29, 2021 22:44
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All investors need to have substantial coverage funds and a degree from Harvard
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Jan 29, 2021 22:44
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Porpoise With A Purpose posted:same here, I can't pull out either. This is so fuckin dumb I want memecoins Yeah, I have money I can't do poo poo with due to the trade limits but its no enough to buy and exercise options. So my only option is just sit around or play Doge roulette over the weekend. Nope, no roulette for me. Edit: Would have made a solid 50% gains so far if I'd been able to buy at the dip like I wanted. I'm just going to let any unspend buying power rest until I can pull it back into my checking account. gently caress RH.
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Jan 29, 2021 22:44
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Bone Crimes posted:How do you know this? they don't
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Jan 29, 2021 22:44
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DOGE GOING UP
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Jan 29, 2021 22:45
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Low prices friends! Checking in for first time today, did capitalism get its algorithms crushed today?
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Jan 29, 2021 22:45
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Bone Crimes posted:How do you know this? What other possible explanation is there? They're just going to indefinitely hold shorts until people get bored? If they weren't buying back stocks at elevated rates then they wouldn't need to get cash from other brokers.
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Jan 29, 2021 22:45
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CuddleCryptid posted:The hope was that they would wait out the contract to the very last second hoping for a dip and then sell. If they decide to just eat the loss them they could just slowly buy out shares to cover at the elevated rate without creating any spikes. Yes this makes sense, perhaps there is some counter party agreement when you borrow the stocks that this is the penalty if you don't provide the stock, and they wanted to prevent that gamma parabola, so this might be the better of the two bad options for them. However, it seems that it might not be that smart considering the attention it has gotten, and everybody and their mother's uncle buying in. So lol, while it might not go to the moon, it might still track up, and they will have to eat the interest and the increase.
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Jan 29, 2021 22:45
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TheLemonOfIchabod posted:so if they want to prevent a massive angry mob they probably just have to keep the price about where its at forever right the establishment should have done nothing but now it looks like they put their fingers on the scale in favor of hedge funds so the bag holders aren’t going to feel personally responsible for losing their shirts, they can blame others.
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Jan 29, 2021 22:46
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CuddleCryptid posted:The interest is only if you hold after the set time. The shorted stocks have already been covered so they are just entirely punched out. I don't believe you. Why would they manipulate the market like they have if they weren't in deep poo poo?
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Jan 29, 2021 22:46
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DOGE RALLYING BIGLY cheerdoge:
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Jan 29, 2021 22:46
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human garbage bag posted:I don't believe you. Why would they manipulate the market like they have if they weren't in deep poo poo? Look at their post history lmao
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Jan 29, 2021 22:46
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my stumym upset
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Jan 29, 2021 22:46
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Good Citizen posted:gamestop is gonna make a deal with the short sellers for treasury shares and make a ludicrous amount of money off this while freezing out everyone else 
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Jan 29, 2021 22:47
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Also who is getting the interest payments?
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Jan 29, 2021 22:47
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why is p much nothing happening after hours
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Jan 29, 2021 22:47
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TheLemonOfIchabod posted:why is p much nothing happening after hours Because 1 stonk only per person
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Jan 29, 2021 22:47
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Desperately seeking out a venue to purchase more than 10 shares of tootsie roll
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Jan 29, 2021 22:48
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the worst outcome is probably if capital threatens the gamestop board and forces them to issue a share offering
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Jan 29, 2021 22:49
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human garbage bag posted:I don't believe you. Why would they manipulate the market like they have if they weren't in deep poo poo? Because every time the market dips they can buy moderately reduced shares? I mean if you want to throw your money away it's on you.
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Jan 29, 2021 22:49
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Is everything cool that was supposed to happen not going to happen or do we just have to wait till Monday/next week?
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Jan 29, 2021 22:49
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most of the shorts due today covered when the stock was manipulated below 115 yesterday. Today there was still 11B in outstanding short interest. Most of that is actually new short interest probably > $300. Nobody knows where this really stands. My feeling is if it hasn't fallen past 100 already most of the players are locked in for another week. Guess we'll see Monday morning.
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Jan 29, 2021 22:49
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human garbage bag posted:Also who is getting the interest payments? yeah, good question. can be get an expert opinion? perhaps Cumshitter knows? If I had to guess, there is probably a agreement when you borrow the shares that the borrower can not give it back for a huge interest penalty, so in that case the penalty would go to the original stock lender. in thinking about it, this might also screw up future shorts, as there is less of a pool if this keeps going. lol.
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Jan 29, 2021 22:50
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human garbage bag posted:So theoretically the fed can just print money to pay this interest for the shorts indefinitely until people finally sell their gme shares?
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Jan 29, 2021 22:50
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My sell limit order I placed for 3,000 on my GME got cancelled. What the gently caress? Why do I still have my stock and no money yet? gently caress it, I'm placing it at 4,000 this time for Monday
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Jan 29, 2021 22:50
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DoomTrainPhD posted:DOGE GOING UP I would give DOGE updates, but she isn't allowed by the pool because she will immediately fall in.
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Jan 29, 2021 22:51
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SKULL.GIF posted:loving LMAO at WSB figuring out how to get around Robinhood's share restriction by exercising options, the one thing that basically every single finance person, including itt soup & oxsnard, will tell you to never ever bother doing this is amazing seriously amazing "ok here your payout", "no I want shares", "please payout?" "shares." "paaaaaaayout?????" shares
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Jan 29, 2021 22:51
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TDA definitely did fuckery. Vanguard and Fidelity did not.
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Jan 29, 2021 22:51
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NeonPunk posted:My sell limit order I placed for 3,000 on my GME got cancelled. Did you place a Day order or a GTC (good until cancelled) order? Day orders expire at the end of a trading session.
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Jan 29, 2021 22:51
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