GameStop

Crazy Pete

Crazy Pete

EOG Addicted
Some Brokerages like RobinHood & ETrade are putting restrictions on ALL new positions... cannot buy NOR sell short.
Cannot buy calls NOR puts.
It goes both ways.
Anyone with an IQ above Bigrunner knows this stock’s fundamental business ain’t worth more than $5

Lots of WSB posts saying “I’m going to ‘Fight The Man’ and buy GME somewhere else.”
Really? JFC
To paraphrase Woody Allen, fighting The Man by buying a $3 stock for $500 is like fighting by hitting your opponent’s fist with your nose, & his knee with your groin.

Microsoft did not ‘invest’ in GME. They agreed that GME would buy some Microsoft products.
 
Ray Luca

Ray Luca

EOG Master
Crazy Pete said:
Amazing how the narrative has become WSB’ers are heroes for buying a $3 stock for $500, and anyone selling it for $250 is an evil billionaire.
It had traded down to $3 because that was a fair price for an outdated retailer in dying malls in a dying business. It wasn’t a giant conspiracy by evil hedge funds to keep a version of 1999 Blockbuster Video stock price down.

The reason RobinHood and others had to say no mas has to do with NSCC margin requirements.
From trade date to settle date, clearinghouse has to finance difference in market price.
This was blowing up the settlement system.
Again, not a giant hedge fund conspiracy
Click to expand...


I have cash account there
They did not let me buy any of those stocks today
That's ridiculous
And did u know if I sold any of my stocks at Robin Hood, they would waive the three day settlement if I would use the proceeds to purchase Bitcoin. Another words stock sold today equals cash for Bitcoin today.
F them
 
lastyle7

lastyle7

EOG Veteran
of course gme and amc are going to tank when most of these wsb traders use RH (because they offer no fees) I'm sure hedge funds put the pressure on these brokers but
the media fired back. Both these stocks are rebounding along with koss and BB.
 
lastyle7

lastyle7

EOG Veteran
Valuist said:
No, how do you figure? You can go long, or you can go short. If you believe a stock is overpriced, you should be able to bet that shares will go down, either in the stock itself or thru put options.
Click to expand...

ELON MUSK: u can’t sell houses u don’t own u can’t sell cars u don’t own but u *can* sell stock u don’t own!? this is bs – shorting is a scam legal only for vestigial reasons.
 
B

boston massacre

EOG Master
Crazy Pete said:
Some Brokerages like RobinHood & ETrade are putting restrictions on ALL new positions... cannot buy NOR sell short.
Cannot buy calls NOR puts.
It goes both ways.
Anyone with an IQ above Bigrunner knows this stock’s fundamental business ain’t worth more than $5

Lots of WSB posts saying “I’m going to ‘Fight The Man’ and buy GME somewhere else.”
Really? JFC
To paraphrase Woody Allen, fighting The Man by buying a $3 stock for $500 is like fighting by hitting your opponent’s fist with your nose, & his knee with your groin.

Microsoft did not ‘invest’ in GME. They agreed that GME would buy some Microsoft products.
Click to expand...


Anyone with an IQ above Bigrunner knows this stock’s fundamental business ain’t worth more than $5
 
Crazy Pete

Crazy Pete

EOG Addicted
lastyle7 said:
ELON MUSK: u can’t sell houses u don’t own u can’t sell cars u don’t own but u *can* sell stock u don’t own!? this is bs – shorting is a scam legal only for vestigial reasons.
Click to expand...

Tesla almost ran out of $$ 2 years ago. They survived by raising cash by offering a convertible bond, that could be arbitraged for a small profit by buying the bond & shorting the stock. No shorting = no convertible = no Tesla.
Also, without shorts, Tesla would trade at its fair value of @ $30. Laughably bad quarter.

And speaking of selling what u don’t own, Tesla has been selling a product that doesn’t exist, & won’t exist for at least 10 years, “Full Self Driving”, for $8,000.
Musk is a con man, & it’s amazing how many people idolize him.
 
Crazy Pete

Crazy Pete

EOG Addicted
raiders72001 said:
Robinhood allowing you to sell but not buy. System can't be more rigged.
Click to expand...

You cannot buy it, but you cannot sell short either.
Basically, they are not allowing new positions, long OR short.

It’s up $100 after market.
Serious question : why would u want to buy it at $300-500?!?
You think you can pick off the top? It’s easy to do that past posting, but not in the real world.
It’s gotten eviscerated twice this week, down 2/3-3/4 within an hour.
It’s very impressive that it recovered, but it’s mostly owned by WSB now. How long can it trade at a valuation that is literally 💯X it’s true worth?
 
M

MrTop

EOG Master
gamestop is going on the cloud.. that is where microsoft ( investor ) steps up to the plate with VR. Probably a deal at 200 price...
 
Last edited:
lastyle7

lastyle7

EOG Veteran
Crazy Pete said:
You cannot buy it, but you cannot sell short either.
Basically, they are not allowing new positions, long OR short.

It’s up $100 after market.
Serious question : why would u want to buy it at $300-500?!?
You think you can pick off the top? It’s easy to do that past posting, but not in the real world.
It’s gotten eviscerated twice this week, down 2/3-3/4 within an hour.
It’s very impressive that it recovered, but it’s mostly owned by WSB now. How long can it trade at a valuation that is literally 💯X it’s true worth?
Click to expand...

Citadel can short it, hedge funds are allowed to continue to trade on RH, the whole reason the politicians are getting involved. State of New York filed a class action suit against
RH yesterday.

Bascially Citadel had shorted the float 160% by shorting GME shares over and over again, infact they are mm (market makers) who pay RH for data feeds. They told
RH if you want to stay in business and IPO, you stick it to the millennials.
 
Last edited:
I

IWishIWasAPro

EOG Master
Crazy Pete said:
You cannot buy it, but you cannot sell short either.
Basically, they are not allowing new positions, long OR short.

It’s up $100 after market.
Serious question : why would u want to buy it at $300-500?!?
You think you can pick off the top? It’s easy to do that past posting, but not in the real world.
It’s gotten eviscerated twice this week, down 2/3-3/4 within an hour.
It’s very impressive that it recovered, but it’s mostly owned by WSB now. How long can it trade at a valuation that is literally 💯X it’s true worth?
Click to expand...

Because the world has gone bat shit crazy. Just like with protests, you have people joining for a completely different reason. You have absolutely no clue who has what intentions. Making money being obviously number 1, right? You would think. But then you got guys WITH money to blow who don't make up your egotistical, snot nosed, entitled dick wad who want to cause as much chaos as possible and stick it to the system especially hedge fund guys. When is the last time you seen a chart quite like weve seen with these stocks especially the past 2 days? Unheard of. Unreal. This isn't real life but it is. What RH pulled was the biggest crock of shit ever. CEO, His explanation was poor as well and just typical PR shit.
 
I

IWishIWasAPro

EOG Master
You're going to absolutely lose your mind and brain cells trying to incorporate logic into all this other than principle. Price doesn't matter, its the principle of the entire thing.

"But when the big guys do it, its okay" from peple in congress to whoever.....
CROCK OF SHITTTGYYHGNXXNX

I hope they go down. Is this a country and world you want to live in? Where there simply isn't a level playing field even when you play by the rules??? I hope this is a trend actually.
 
FairWarning

FairWarning

Bells Beer Connoisseur
IWishIWasAPro said:
You're going to absolutely lose your mind and brain cells trying to incorporate logic into all this other than principle. Price doesn't matter, its the principle of the entire thing.

"But when the big guys do it, its okay" from peple in congress to whoever.....
CROCK OF SHITTTGYYHGNXXNX

I hope they go down. Is this a country and world you want to live in? Where there simply isn't a level playing field even when you play by the rules??? I hope this is a trend actually.
Click to expand...
It’s ok because those hedge fund companies are donating big Money to their campaigns. The Cabela story on tucker Carlson the other night speaks volumes.
 
M

MrTop

EOG Master
Robinhood Users Suing Over Trade Limits Face High Legal Bar


  • Experts say brokerages get wide power to restrict transactions
  • Suits claim losses from blocked access amid share-surge frenzy




another words you lose


casino's don't lose unless you stop playing
 
Last edited:
railbird

railbird

EOG Master
election was stolen.
IWishIWasAPro said:
You're going to absolutely lose your mind and brain cells trying to incorporate logic into all this other than principle. Price doesn't matter, its the principle of the entire thing.

"But when the big guys do it, its okay" from peple in congress to whoever.....
CROCK OF SHITTTGYYHGNXXNX

I hope they go down. Is this a country and world you want to live in? Where there simply isn't a level playing field even when you play by the rules??? I hope this is a trend actually.
Click to expand...
IWishIWasAPro said:
You're going to absolutely lose your mind and brain cells trying to incorporate logic into all this other than principle. Price doesn't matter, its the principle of the entire thing.

"But when the big guys do it, its okay" from peple in congress to whoever.....
CROCK OF SHITTTGYYHGNXXNX

I hope they go down. Is this a country and world you want to live in? Where there simply isn't a level playing field even when you play by the rules??? I hope this is a trend actually.
Click to expand...
election was stolen, its all rigged now. they will be facing God for an exit interview, what will they say?
 
I

IWishIWasAPro

EOG Master
These aren't some mythological stories or trolling poster memes and fantasies. There is actual significant weight and evidence to suggest this is no joke. Just like currently with dogecoin.
 
I

IWishIWasAPro

EOG Master
If the hedge guys doubled down on shorts like some rumors stated, the little guys will win. The principle won.

I'm getting a bottle of makers mark already
 
WildBill

WildBill

2
I can already tell how this goes. Next week sometime Robinhood and the others will say go ahead, buy what you want. If its just that they get past their settlement issues, so be it. It will happen and people will wait and think ok here goes another run. And then nothing will happen, all these amateurs will either be spooked out by the loss of market access or they will come to their senses about what GME at $400+ means. That's when the real money will quietly get into short positions on these stocks. Its not going to be funds that specialize in short situations, its going to be some huge guys with lots of leeway to do long/short hedges. These stocks will be way too juicy for them to stay away from and they have a LOT more resources to stand up against the WSB crowd, they won't so easily be shaken out with margin calls especially at these prices.
 
M

MrTop

EOG Master
the thing is there are many financial advisors that bet into game stop from Ma. .. I would say the price is much higher than last week.... microsoft is now partners with game stop... if anyone thinks they are going out of business they are wrong and probably getting set up for a fall.
 
lastyle7

lastyle7

EOG Veteran
RH now limiting 25 stocks such as BB, NOK, BBBY, even CCIV...example they wil allow you to buy 1 share (total) of GME...so far other brokers aren't following suit.
 
winkyduck

winkyduck

TYVM Morgan William!!!
IWishIWasAPro said:
Robinhood is done for. You can bet on that.
Click to expand...

100% agree and the guy who was on all shows Thursday - Co-founder/CEO - might be going to prison. It was very obvious seeing him try and explain this the company doesn't have the money to handle all of this.
 
You must log in or register to reply here.
Top