ClaytoAli Posted February 4, 2021 Share Posted February 4, 2021 6 hours ago, Fergasun said: I don't understand why the Redditor DFV should be worried. He has posted all of his trades on WSB and was in GME for over a year. You can see everything he did. He basically went into options and timed it perfectly. From the $50k to $100k he had, his paper top was $40M and he is sitting on $13M straight cash. And $9M in paper gains. I don't know who spread the information about the stock, being shorted so much,but when a bunch of other hedge funds took the long side of the trade it puts momentum opposite of where it was and causes the crazy short squeeze...although this was an insane short squeeze. Why don't hedge funds do that with the "short data" on a regular basis? They actually do, it just doesn’t get communicated on social media sites/regular press where individual investors are aware to participate. The SEC got in on this because they don’t have a monitoring system for former fund managers or former investment bankers manipulating social media sites to drive prices. Makes me wonder if they just can’t believe that “Tom the janitor” is a savvy investor that follows the sub. Link to comment Share on other sites More sharing options...
Forehead Posted February 4, 2021 Share Posted February 4, 2021 What's the best website/app these days that's pretty "low cost/low hidden cost" just to throw around some "screw around" money? Not a lot, so a place that doesn't charge for account minimums would also be nice. Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted February 4, 2021 Share Posted February 4, 2021 Try Fidelity....the app is pretty good and I've been able to buy same day when I transfer in money to buy Link to comment Share on other sites More sharing options...
Fergasun Posted February 17, 2021 Share Posted February 17, 2021 There is a hearing in the House Financial Services Committee... Keith Gill, AKA Reddit User "Deep@#@$ingValue" is testifying. There was also a Class Action lawsuit against Gill filed as well as the insurance company he worked for. For... openly showing his trade in public? The guy was publicly sharing a $53,000 position he was in since June 2019. Apparently some bozo lost money, hence the class action. Link to comment Share on other sites More sharing options...
China Posted February 19, 2021 Share Posted February 19, 2021 Robinhood CEO, 'Roaring Kitty' and trading firm Citadel's CEO are all set to testify before Congress on Thursday over GameStop drama Key players in the GameStop saga that fascinated financial observers last month, causing jubilation and despair among even small-scale investors, are set to testify before Congress on Thursday in an eagerly-anticipated hearing. The House Committee on Financial Services will hear from six people who were deeply involved in the drama. Click on the link for the full article Link to comment Share on other sites More sharing options...
Nerm Posted February 19, 2021 Share Posted February 19, 2021 I watched a couple hours of the hearing. It was really boring. I think the committee leaders really struggled to make any kind of coherent rational for having the hearing. After the initial populist rhetoric about needing a hearing to hold hedge fund billionaires accountable for rigging the market to screw over middle class investors, I think someone who understood what was happening actually explained it to the outraged politicians. The big hedge funds that held the majority of short positions on the stocks had closed out their positions two days before the trading was restricted. So, it became clear that the "oligarchs" who were called to be held accountable about the restrictions actually had nothing to gain from the move. This means that the whole reason any retail investors had for buying the stock (short squeeze that would make some billionaires sad) was over before any restrictions were put in place. The only people who were prevented from buying were people that heard the hype and tried to buy a stock that would lose 80% of its value within a week. I think the politicians also found out that the answer to the question of why Robinhood restricted trading was actually..."The regulations created by this committee". So, instead of any substance you had a bunch of politicians grandstanding about who could insult the witnesses the most or ask nonsense questions. Maxine was asking questions like... Have you stopped (beating your wife) cheating your customers... it is a simple yes or no question. When the first word was not a yes or no, she would cut them off, then berate them for refusing to answer. I think AOC asked someone to commit to their company refusing to accept income in the future. Others asked hard hitting questions about if it was fair that some people live in mansions, while there are people without electricity in this country. 2 Link to comment Share on other sites More sharing options...
Fergasun Posted February 24, 2021 Share Posted February 24, 2021 Don't look now... but its happening again. GME up 100%... I feel dumb for not throwing anything onto the roulette wheel when it went back down to 50. Link to comment Share on other sites More sharing options...
ixcuincle Posted February 25, 2021 Share Posted February 25, 2021 We back!!! https://www.cbsnews.com/news/gamestop-stock-two-day-rally-2021-02-25/ Link to comment Share on other sites More sharing options...
ixcuincle Posted June 20, 2021 Share Posted June 20, 2021 Link to comment Share on other sites More sharing options...
Tedskins 21 Posted December 15, 2021 Share Posted December 15, 2021 For those of you that like money, I suggest you buy some GME this week. Delta Sensitivity is through the roof, and volatility is just getting started again. If you thought January 2021 was wild, wait until January 2022. Also, CBOE Options Expirations this Friday. T+2 is Tuesday. Next week is going to be nuts. Link to comment Share on other sites More sharing options...
ClaytoAli Posted December 15, 2021 Share Posted December 15, 2021 9 hours ago, Tedskins 21 said: For those of you that like money, I suggest you buy some GME this week. Delta Sensitivity is through the roof, and volatility is just getting started again. If you thought January 2021 was wild, wait until January 2022. Also, CBOE Options Expirations this Friday. T+2 is Tuesday. Next week is going to be nuts. You must be hoping prices go up because of the demand you are hoping to create. 1 Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted November 5, 2022 Share Posted November 5, 2022 Is Carvana the next GameStop? Link to comment Share on other sites More sharing options...
Captain Wiggles Posted November 5, 2022 Share Posted November 5, 2022 12 minutes ago, Spaceman Spiff said: Is Carvana the next GameStop? I'd pass on vending machine carmax stock. 😬 1 Link to comment Share on other sites More sharing options...
PokerPacker Posted November 5, 2022 Share Posted November 5, 2022 2 hours ago, Spaceman Spiff said: Is Carvana the next GameStop? Riding it to the moon? Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted November 5, 2022 Share Posted November 5, 2022 7 hours ago, PokerPacker said: Riding it to the moon? Probably not, nah. Would be fun though. Link to comment Share on other sites More sharing options...
LD0506 Posted November 5, 2022 Share Posted November 5, 2022 2 Link to comment Share on other sites More sharing options...
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