Jump to content
Washington Football Team Logo
Extremeskins
Forum Rules and Guidelines

Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon

No Excuses

By No Excuses
in The Tailgate

 Share

Recommended Posts

tshile

tshile

Posted
Posted
23 minutes ago, tshile said:

Now that my buddy has exited doge I’m ****ing with him about how it’s gonna quadruple over night now 

 

social trading like this is so much fun 

Doge is up 50%ish in the last hour I’m not even joking 

Link to comment
Share on other sites
No Excuses

No Excuses

Posted
  • Author
Posted
8 minutes ago, tshile said:

Wife’s home. 
 

 

how am I supposed to explain what Nokia is without answering how they went from being a big phone company to that

 

i don’t think she’s ever heard of Reddit before


Hey man, they are a key player in the 5G sector. Nokia isn’t a bad long term hold. They aren’t going out of business any time soon and they have a lot of upside. Hold!

  • Like 2
Link to comment
Share on other sites
tshile

tshile

Posted
Posted
3 minutes ago, No Excuses said:


Hey man, they are a key player in the 5G sector. Nokia isn’t a bad long term hold. They aren’t going out of business any time soon and they have a lot of upside. Hold!

This is literally why I got Nokia instead of express or amc or trying to join the GMe thing. 
 

My only regret on Nokia is if I waited and hour after opening it was 14% less. But whatever. 

Link to comment
Share on other sites
d0ublestr0ker0ll

d0ublestr0ker0ll

Posted
Posted

Last time I walked in to Gamestop, I thought it was the wrong store.  With a dumbfounded, confused look on my face - I asked the clerk if it was Gamestop.  Basically, all the center shelves were gone, and about 10 Illuminates were having a meeting around a large table.  Wondering if I have to go on the Witness Protection Program divulging this information.

Link to comment
Share on other sites
Momma There Goes That Man

Momma There Goes That Man

Posted
Posted
17 minutes ago, d0ublestr0ker0ll said:

Last time I walked in to Gamestop, I thought it was the wrong store.  With a dumbfounded, confused look on my face - I asked the clerk if it was Gamestop.  Basically, all the center shelves were gone, and about 10 Illuminates were having a meeting around a large table.  Wondering if I have to go on the Witness Protection Program divulging this information.


You almost have to look for games there now it’s overrun with t shirts, mugs, pop figures and collectibles of video game and comic figures. And featuring other hot sellers like Legend of Zelda board games. 

  • Haha 1
Link to comment
Share on other sites
Spaceman Spiff

Spaceman Spiff

Posted
Posted
41 minutes ago, d0ublestr0ker0ll said:

Last time I walked in to Gamestop, I thought it was the wrong store.  With a dumbfounded, confused look on my face - I asked the clerk if it was Gamestop.  Basically, all the center shelves were gone, and about 10 Illuminates were having a meeting around a large table.  Wondering if I have to go on the Witness Protection Program divulging this information.

 

A couple weeks ago I went to a grocery store near my parents house to pick up some stuff for them.  Pulling into the parking lot I was taking stock of all the stores and the turnover, remembering what used to be where.  Some stores have held on, but there's a lot of turnover.  Gamestop is no longer there and I wondered to myself if it had gone under and I hadn't heard about it.  

 

Kinda kicking myself for not looking it up, maybe I would have stumbled across this and gotten in at 5 or 6 bucks :ols: 

Link to comment
Share on other sites
spjunkies

spjunkies

Posted
Posted (edited)
22 minutes ago, RichmondRedskin88 said:

Doesn’t twitch pay for followers/attention too?  So wouldn’t this press conference earn her a nice chunk of change? 

 

She doesn't have a subscription button so it seems like she's not earning anything from her streams. Streamers don't earn until you can subscribe to them.

Edited by spjunkies
Link to comment
Share on other sites
techboy

techboy

Posted
Posted
3 hours ago, max21 said:

What’s a good stock app to use other than Robinhood that’s similar? 

 

Okay, look... Everyone knows that my primary point in these threads is that active trading is a bad idea. And in terms of optimal behavior, it is.

 

But if you're going to do it anyway (and I have no illusions as to the power of the research to persuade everyone otherwise), Robinhood is about the worst way to go about it, and not just because of this, or their gamification of their platform similarl to casinos or microtransaction based games.

 

The biggest problem is that their "free" can actually be quite expensive, because they're not a charity... They make their money in a variety of ways, one of which is by how they route trade executions. That's not a big deal for someone like me, who makes two or three trades a year, but it can add up if you're going to be jumping in and out of positions.

 

That's the biggest thing that bothers me about Robinhood and what's been going on... Democratization is cool, but I'm seeing a lot of people playing with things they don't fully understand. Other examples would be margins, options, or currency, which is a BRUTAL world.

 

If you're going to trade, you need to do due diligence about things like trade execution, not look for fun platforms.

 

All that out if the way, I've heard good things about Interactive Brokers if this is really what you want to do, but again, I'm not an active trader, so due diligence is key.

  • Like 5
  • Thanks 2
Link to comment
Share on other sites
max21

max21

Posted
Posted
1 hour ago, techboy said:

 

Okay, look... Everyone knows that my primary point in these threads is that active trading is a bad idea. And in terms of optimal behavior, it is.

 

But if you're going to do it anyway (and I have no illusions as to the power of the research to persuade everyone otherwise), Robinhood is about the worst way to go about it, and not just because of this, or their gamification of their platform similarl to casinos or microtransaction based games.

 

The biggest problem is that their "free" can actually be quite expensive, because they're not a charity... They make their money in a variety of ways, one of which is by how they route trade executions. That's not a big deal for someone like me, who makes two or three trades a year, but it can add up if you're going to be jumping in and out of positions.

 

That's the biggest thing that bothers me about Robinhood and what's been going on... Democratization is cool, but I'm seeing a lot of people playing with things they don't fully understand. Other examples would be margins, options, or currency, which is a BRUTAL world.

 

If you're going to trade, you need to do due diligence about things like trade execution, not look for fun platforms.

 

All that out if the way, I've heard good things about Interactive Brokers if this is really what you want to do, but again, I'm not an active trader, so due diligence is key.

Maybe you can enlighten me a bit more, since you seem to know more than me on the subject. I thought Robinhood made money mainly by selling trade data to hedge funds? And for the most part it seems “free” to me (retail investors) since I thought they pretty much got rid of trading fees? I appreciate your input 

Link to comment
Share on other sites
tshile

tshile

Posted
Posted
2 hours ago, techboy said:

The biggest problem is that their "free" can actually be quite expensive, because they're not a charity... They make their money in a variety of ways, one of which is by how they route trade executions

This is the likely explanation for their halt to buying those stocks. What they’re doing in the backend to facilitate trades and what it means their exposure/risk is at any given moment. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...