Surly #Stonks

[Bone3421 716]

Just realize that the battle in GME today is really about what happens tomorrow; there are a ton of calls that will be ITM at $300, the more they (whoever they really are) can knock it down the smaller the problem is on Monday to cover the 1/29 option expiry.
IMO everything under $150+/- will be ITM, and that already creates another squeeze at Monday's open.

Or since nobody can buy they will just time their attacks at close today and tomorrow to kill the gamma squeeze and in turn the short squeeze

They drove it down below 150 already once today

[936horn 910]

2 minutes ago, Bone3421 said:

24 minutes ago, Wally Fairway said:

Just realize that the battle in GME today is really about what happens tomorrow; there are a ton of calls that will be ITM at $300, the more they (whoever they really are) can knock it down the smaller the problem is on Monday to cover the 1/29 option expiry.
IMO everything under $150+/- will be ITM, and that already creates another squeeze at Monday's open.

Or since nobody can buy they will just time their attacks at close today and tomorrow to kill the gamma squeeze and in turn the short squeeze

Absolutely. Price creeping up now but I am waiting for the power hour dump

[Cheeseweasel 26,438]

Just now, Chewbacca said:

I'm on RH and still cannot buy GME or AMC as of 5 seconds ago.

Can't imagine the amount of shit they are putting themselves in.

[RCRanger03 1,049]

14 minutes ago, ZB'Tejas said:

I need to get in to the Think or Swim platform. I didn't realize that those others didn't charge for OTC... only $5 but that could really add up over time.

last year I paid over $1000 in otc fees, but I made $150k so seemed okay since I'm comfy with ToS. It's only available on TdA I believe

Edited January 28, 2021 by RCRanger03

[Shaggybevo 353]

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

[Bone3421 716]

Can y'all even short this shit?  Schwab is telling me no go, and 200% maintenance requirement. 
 
ETA: To be clear, I am not tryihng to short it, just entered a test order to see if it was even possible. 

Would be expensive for retail shorters but the institutes can and are shorting so they dont go bankrupt...FrEe MaRkEt

[PenelopeWitherspoon 19,103]

I have RH.  I have had a Fidelity account in the past, so I just moved some money into there (have to wait until it posts, which is the one advantage to RH in my opinion) and I also signed onto a TD account as well.  Fuck it.  I have done well this year, but would like to do like RC and Harrison do.  So help me learn!

 

[Harrison Stafford 3,335]

Wall Street hedge funds running to the exchanges to halt trading to prevent losses is another example of why the game has always been rigged in favor of the elites.

When you lose it's okay, but when they lose the game is turned off.

Edited January 28, 2021 by Harrison Stafford

[WBT 20,586]

15 minutes ago, UTGrad98 said:

Basically did the hedge funds make a ton of money while no one could buy GME and it shot down to $125? 

Of course they did.  They killed the demand by getting the brokerages to disallow buying and when people rightfully panicked and decided to get out before their paper gains completely disappeared, they bought at a lower price to cover their shorts.

[Bone3421 716]

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

With blackjack and hookers....so pretty much the same but maybe with better free market capabilities

[Hank_Hill 18,848]

2 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

Orrrr take all their money out because the platform is a pawn to manipulation and can go fuck itself, as I will be doing. Good luck with that IPO.

[hayden_horn 11,362]

5 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

they did not deplatform the stock. they restrictied one way trading of a stock.

that's unbelievable, and i cannot believe it is even legal.

Edited January 28, 2021 by hayden_horn

[Bone3421 716]

Orrrr take all their money out because the platform is a pawn to manipulation and can go fuck itself, as I will be doing. Good luck with that IPO.

Yup...sold everything and waiting to transfer $ out after close as they wont let me now

[936horn 910]

Just now, hayden_horn said:

they did not deplatform the stock. they restriction one way trading of a stock.

that's unbelievable, and i cannot believe it is even legal.

It's not, but nothing will come of it from a legal standpoint besides nominal penalties

[Cheeseweasel 26,438]

7 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

A private company subject to SEC rules which they seem to have violated. 

[Bone3421 716]

they did not deplatform the stock. they restrictied one way trading of a stock.
that's unbelievable, and i cannot believe it is even legal.

You cant even search and look at it on the app....how is that not deplatformed
Ok now you can see but it's not supported on the app

[Blotto 23,536]

1 hour ago, Skipper said:

So who holds the equity in Robin Hood?  Because that's probably going to be worthless after today.  And they probably realized that when they made the decision to restrict share purchases.

https://www.barrons.com/articles/robinhood-is-expected-to-be-a-top-ipo-regulatory-actions-show-the-hurdles-ahead-51608338523

 

[Gourmand 7,774]

35 minutes ago, BradInATX said:

@RCRanger03 and others trading those penny stocks, where are you trading them? Wells doesn't let me trade in those.

TD Ameritrade has it

[hayden_horn 11,362]

i'm watching cnbc, and holy shit at these stock market wonks talking about business fundamentals.

it's not about fucking gamestop. that's what they don't understand. 

it's about wall street overleveraging, taking a bad gamble and they should be losing. instead, they've fixed the game.

[Bone3421 716]

FrEe MaRkEt

[936horn 910]

Just now, hayden_horn said:

i'm watching cnbc, and holy shit at these stock market wonks talking about business fundamentals.

it's not about fucking gamestop. that's what they don't understand. 

it's about wall street overleveraging, taking a bad gamble and they should be losing. instead, they've fixed the game.

They absolutely understand, they are trying to steer the narrative a certain way.

[tejas60 3,533]

17 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

with Robinhood's blessing?

[Dbeasy 15,063]

48 minutes ago, 52-80 said:

i've read and seen elsewhere small time retail contemplating putting on shorts because they don't understand the GME phenomenon.

 

what i think might be very inevitable, but very sad and funny at the same time, is if the "institutions" continue this attack and violently shake the price so that they gradually slip out of their short position, and have it replaced by retailers (who are emboldened by the swing action)......

 

...so basically they all get out of the back door (atleast with a big piece of bruising)... and leave retail investors hanging on both the short AND the long end.  basically all of main st becomes bagholder, regardless of stock sentiment.

 

that would be fucking dark blackmirror shit

Yup. I think that’s exactly what I was just thinking. 

[52-80 19,162]

100% manipulated bot-action:

 

1.  there was barely any volume on the "sell off".  very very very few sellers (and of course, the rest of us were not allowed to buy)

 

 

2.  the sellers were themselves trading to eachother.  they put in incrementally smaller bids to drag down the mid. 

this does not look like a natural depth chart

 

 

 

 

 

 

[UTGrad98 2,280]

Im trying to find out who the biggest fish is behind this. I didnt know the mets owner was involved. Anyone else?

https://clutchpoints.com/mets-owner-steve-cohen-bails-out-melvin-capital-amid-gamestop-reddit-stock-fiasco/

New owner Steve Cohen’s hedge fund, Point72 Asset Management, invested $750 million alongside a $2 billion investment from Citadel into Melvin Capital – which held a short position on the GameStop stock and suffered huge losses before closing out of the stock by Wednesday morning.

Edited January 28, 2021 by UTGrad98
credit

[Cheeseweasel 26,438]

So many books/studies are going to be written about this.

[Cheeseweasel 26,438]

Just now, UTGrad98 said:

Im trying to find out who the biggest fish is behind this. I didnt know the mets owner was involved. Anyone else?

New owner Steve Cohen’s hedge fund, Point72 Asset Management, invested $750 million alongside a $2 billion investment from Citadel into Melvin Capital – which held a short position on the GameStop stock and suffered huge losses before closing out of the stock by Wednesday morning.

Being a Mets owner, he certainly is used to losing.

[52-80 19,162]

20 minutes ago, hayden_horn said:

they did not deplatform the stock. they restrictied one way trading of a stock.

that's unbelievable, and i cannot believe it is even legal.

so they'll get a slap on the wrist to the tune of a few hundred millions.... which if saving their buddies tens of billions of dollars, is a perfectly sound business decision.

[Chewbacca 7,780]

27 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

Robinhood is planning an IPO.  Wanna bet it doesn't happen?  The fallout from this is going to be catastrophic to them.

[Cheeseweasel 26,438]

1 minute ago, Chewbacca said:

Robinhood is planning an IPO.  Wanna bet it doesn't happen?  The fallout from this is going to be catastrophic to them.

Or better yet, everyone on WSB's shorts the IPO and destroys the company.

[52-80 19,162]

3 minutes ago, Chewbacca said:

Robinhood is planning an IPO.  Wanna bet it doesn't happen?  The fallout from this is going to be catastrophic to them.

that was a monumental oversight by them.  seriously - they have all the analytics in the world - they didnt realize the ones the fuck up the most ARE 95% OF THEIR OWN clients?

this 2021 clownfuckery is amazing. 

[Hank_Hill 18,848]

2 minutes ago, Cheeseweasel said:

Or better yet, everyone on WSB's shorts the IPO and destroys the company.

And then Melvin pumps us in to a short squeeze and we get no relief. Wash rinse repeat.

[Chewbacca 7,780]

2 minutes ago, Cheeseweasel said:

Or better yet, everyone on WSB's shorts the IPO and destroys the company.

I think this is the end of RH, to be honest.  They are going to lose a huge percentage of their deposits and the IPO value is going to go poof with them.

[Shaggy3.0 1,695]

4 hours ago, hayden_horn said:

those trading platforms shutting down the buying of gme is done corrupt ass bullshit

A way to remind us of our place in the universe?

Don't care. Had buys.  Diamond hands to the moon.

[Goofyboy 3,293]

Lawsuit in the works.

https://thehill.com/policy/healthcare/536320-class-action-lawsuit-filed-against-robinhood-for-restricting-trading

[Chewbacca 7,780]

3 minutes ago, 52-80 said:

that was a monumental oversight by them.  seriously - they have all the analytics in the world - they didnt realize the ones the fuck up the most ARE 95% OF THEIR OWN clients?

this 2021 clownfuckery is amazing. 

They literally killed their own company (and their own fortunes) to save money for billionaires.  It's mind bottling.

[TonyTexas 10,515]

30 minutes ago, Cheeseweasel said:

A private company subject to SEC rules which they seem to have violated. 

What SEC rule did they violate?

[Blotto 23,536]

How amazingly fucked up is this entire situation? This fucked up

 I had a huge chunk of SPY puts that I bought at .22. They were at $4.50ish last night before Wall Street cooked up their escape plan. back to .22. Luckily I sold 20% early yesterday to cover my costs + a little, but that would have been a nice hit. 

[936horn 910]

1 minute ago, TonyTexas said:

What SEC rule did they violate?

Do you believe disallowing buy orders from retail to prevent further price run up is legal?

[BradInATX 9,208]

These dudes got Ted Cruz and AOC agreeing on stuff. They're fucked.

[Hefeweizen 5,326]

44 minutes ago, RCRanger03 said:

last year I paid over $1000 in otc fees, but I made $150k so seemed okay since I'm comfy with ToS. It's only available on TdA I believe

Yeah pink sheets aren’t allowed by fidelity.  So I’m stuck with Penny stonks but not the really stonky ones.

[Skipper 6,136]

43 minutes ago, Shaggybevo said:

Robinhood is a private company.  They can de-platform any stock they want.  If the Redditors don't like it, they can build their own trading platform.

Lulz.  They are about to see an avalanche in litigation.  From users and shareholders who didn't benefit today and likely had equity value destroyed.  I don't think "we are a private company and could do what we want" is going to be their best line of defense.

[Chewbacca 7,780]

19 minutes ago, UTGrad98 said:

Im trying to find out who the biggest fish is behind this. I didnt know the mets owner was involved. Anyone else?

https://clutchpoints.com/mets-owner-steve-cohen-bails-out-melvin-capital-amid-gamestop-reddit-stock-fiasco/

New owner Steve Cohen’s hedge fund, Point72 Asset Management, invested $750 million alongside a $2 billion investment from Citadel into Melvin Capital – which held a short position on the GameStop stock and suffered huge losses before closing out of the stock by Wednesday morning.

Ken Griffen owns Citadel.  

[Hefeweizen 5,326]

By the way stonks are a sea of red today.  Btfd!

[52-80 19,162]

2 minutes ago, Chewbacca said:

Ken Griffen owns Citadel.  

ChiTownDoc golfs with Ken Griffin.  We should ask for his take on it.

[Burt Macklin 19,026]

20 minutes ago, Chewbacca said:

Robinhood is planning an IPO.  Wanna bet it doesn't happen?  The fallout from this is going to be catastrophic to them.

Yeah. They’re done. How do you advertise yourself as the retail investor’s platform and then fuck over all of retail at the most crucial day in the existence of your platform? There must be some serious HF/WS money behind them that forced this. Otherwise makes no sense. 

[hayden_horn 11,362]

1 minute ago, Burt Macklin said:

Yeah. They’re done. How do you advertise yourself as the retail investor’s platform and then fuck over all of retail at the most crucial day in the existence of your platform? There must be some serious HF/WS money behind them that forced this. Otherwise makes no sense. 

my understanding is that it is citadel....who has a huge stake in gme shorts.

democratizing trading my ass

[IDIOTsavant 8,493]

1 minute ago, Burt Macklin said:

Yeah. They’re done. How do you advertise yourself as the retail investor’s platform and then fuck over all of retail at the most crucial day in the existence of your platform? There must be some serious HF/WS money behind them that forced this. Otherwise makes no sense. 

We'll find out that they've just sold to a hedge fund for 125% of their expected IPO value, which will be fraction of the potential short losses.

[PenelopeWitherspoon 19,103]

17 minutes ago, Chewbacca said:

I think this is the end of RH, to be honest.  They are going to lose a huge percentage of their deposits and the IPO value is going to go poof with them.

I will probably leave the app when I can.  Do not want to liquidate some of my positions (like TSLA, AAPL and FTCH), but once I profit take, will move all over to Fidelity and TD.

[Blotto 23,536]

Just now, IDIOTsavant said:

We'll find out that they've just sold to a hedge fund for 125% of their expected IPO value, which will be fraction of the potential short losses.

Yup. Some horsefuckery like that.