GameStop - It's all Trumps fault... ordinary folk are making a killing

trump
markets

#1

What’s the story with GameStop… oh and of course, it’s Trumps fault. So what is going on here eh?

Is this a Reddit / Robinhood driven something something?

Actually that’s also a point, is this something to do with the recent spate of outages on the main trading platforms over the last few days and evidenced by downdector.com shout outs? Hmm… :thinking:


"Buckle UP!" - The next 12 days and beyond
#2

They were talking about it on Warroom just now, that’s last segment of the evening show.

Hedge funds had shorts. Bunch of reddit gamers bought the stock, pushed the price back up, Hedge funds can’t close their positions with the prices up… Good for the company, they now have a bunch of equity, might be able to get on their feet again.

But, hedge funds not happy other people are now making money and playing in their play pen. There’sxtalk of suspending trading on some stocks. Maybe SEC/Fed investigation re organised buying (don’t know anything about those laws so :woman_shrugging:). They’re worried Redditors might look for other shorted stock :eyes:

Biden & co haven’t a clue what to do apparently - they just called up a contact at Jeff Sprecher’s office (NYSE?) to explain and they still don’t get it.


#3

Reddit appears to be eyeing the next potential short already.


#4

#5

Whoever fault it is, I like it. I’ve made an absolute killing since Monday…


#6

Thanks for the heads up! :flushed:


#7

Nicely done!


#8

Looks like the backlash happened overnight, Reddit trying to snuff out the fire.


#9


#10

Non institutional investors cant trade after hours, once the market opens the squeeze is back on. Got in at 290 and out at 336. Nice one, AMC is next.


#11

Flash-mob-meets-day-trading-meets-stimulus-cheque-meets-nothing-to-loose… the million(s) hordes… the last days of ROME?

What are pinsters preferred daily trading platforms, if non-pro or semi-pro.

Are there any you can get setup and running with that don’t need all the ID

Robinhood is still only available to US based traders right?

This i believe is the engine that powers the happenings.


#12

The topic title has reached perfeciton.


#13

Ruh Roh!

I see chatter GME being locked out on Robinhood for trading, and possibly AMC and some others too…


#14

Interesting to note the pushback from the establishment to put a lid on this, Bloomberg saying the hedgies liquidated their position, yet no filing etc made, and data doesnt show it. Traders and brokers removing the options to buy.

Few papers said you can no longer buy on revolut, total fake news, just tried it(and made money lol)

Afaik, all everyone has to do is hold and the funds with options will have to buy at market rate.

diamond hands


#15

https://finance.yahoo.com/quote/GME/analysis?p=GME

Look at the ticker, VEGAS BABY


#16

Who through? Have some platforms suspended trading?


#17

Ameritrade, Robinhood, Trading 212 only allowing user to liquidate positions

Just tried on etoro, still works.


#18

Fascinating, so it’s ok to target a section of the market and disallow them from the market… this is starting ot emend me of Trump twitter ban, maybe they’re all Trump supporters so it’s ok right, cause it’s Trump fault after all. See how this works…

There is anecdotal evidence from comments above and other chatter online the media are spreading false information, if that’ isn’t hand in glove market manipulation I dunno what is, you tell me. :man_shrugging:

Massive class action in the works?


#19

I have revolut - the trading section is now waiting approval…

Will not spend money I can’t afford to lose etc. etc.

Also: a piece about the new Treasury Secretary.


#20

loads of the online traders seem to have banned buying gamestop at the minute.

How are they allowed do that?

Price falling as people cannot buy, only sell. Seems like doing favour for Citadel. Blatant market manipulation