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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:12 am 
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Maybe someone can set up an ETF for this.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:12 am 
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Frank Coztansa wrote:
I have no idea what is going on here. Can somebody post a quick summary? If this has been done already, I apologize.

Thanks

The way I'm understanding it is that a bunch of hedge fund big boys essentially bet that the price of a somewhat failing (or becoming obsolete) business model would drop.
Then some "nerds" figured this out, got together and started buying it up driving the price up. The short sellers (bettors that the price would drop) are in a position to get mega fucked and the nerds are getting rich.

Now with the halting going on, it seems as though the "system" is trying to mitigate losses to the big boys and screw the nerds, but the nerds are fighting back.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:15 am 
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billypootons wrote:
$460!


$153.... a lot can happen in 90 minutes


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:17 am 
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I'm financially ruined. I declare bankruptcy.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:18 am 
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JustAGayGuy wrote:
Frank Coztansa wrote:
I have no idea what is going on here. Can somebody post a quick summary? If this has been done already, I apologize.

Thanks

The way I'm understanding it is that a bunch of hedge fund big boys essentially bet that the price of a somewhat failing (or becoming obsolete) business model would drop.
Then some "nerds" figured this out, got together and started buying it up driving the price up. The short sellers (bettors that the price would drop) are in a position to get mega fucked and the nerds are getting rich.

Now with the halting going on, it seems as though the "system" is trying to mitigate losses to the big boys and screw the nerds, but the nerds are fighting back.

Thanks Sandy

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:19 am 
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RFDC wrote:
JustAGayGuy wrote:
Frank Coztansa wrote:
I have no idea what is going on here. Can somebody post a quick summary? If this has been done already, I apologize.

Thanks

The way I'm understanding it is that a bunch of hedge fund big boys essentially bet that the price of a somewhat failing (or becoming obsolete) business model would drop.
Then some "nerds" figured this out, got together and started buying it up driving the price up. The short sellers (bettors that the price would drop) are in a position to get mega fucked and the nerds are getting rich.

Now with the halting going on, it seems as though the "system" is trying to mitigate losses to the big boys and screw the nerds, but the nerds are fighting back.

Thanks Sandy

:roll:

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:20 am 
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billypootons wrote:
billypootons wrote:
$460!


$153.... a lot can happen in 90 minutes


That was market manipulation. These fuckers want blood in the streets. They refuse to take any sort of a loss.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:23 am 
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WSB people probably cashed out. The meme copycat and FOMO people are left holding this bag now.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:24 am 
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Stash is down too. This is a fucking setup.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:32 am 
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Supposedly the WSB guys are buying silver. Not sure how you buy silver.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:35 am 
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Winklevoss twins on CNBC now talking shit about how the network brings hedge fund guys on to manipulate stock, and that’s why they didn’t want to purchase GmE or amc because they just wanted to come on and support the little guy.

They were promptly cut off by the host.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:36 am 
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I imagine MANY people cashing out of Robinhood and moving elsewhere is part of the GME drop.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:36 am 
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Lol its going up again

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:38 am 
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WaitingforRuffcorn wrote:
billypootons wrote:
billypootons wrote:
$460!


$153.... a lot can happen in 90 minutes


That was market manipulation. These fuckers want blood in the streets. They refuse to take any sort of a loss.



These are the kinds of things that spark revolutions.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:39 am 
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Jbi11s wrote:
I imagine MANY people cashing out of Robinhood and moving elsewhere is part of the GME drop.



Ken Griffin is probably on the phone with Bezos right now figuring out which trading platforms AWS need to shut down. Just tell everyone it's because of hate speech.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:40 am 
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CNBC host losing his shit on winklevoss twins right now.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:42 am 
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I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:44 am 
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Jbi11s wrote:
CNBC host losing his shit on winklevoss twins right now.

Details?

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:48 am 
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blackhawksfan wrote:
Supposedly the WSB guys are buying silver. Not sure how you buy silver.


Maybe through an ETF, as it would be hard for most of these customers to open a futures account.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:49 am 
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storkinastorm wrote:
I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?

Liquidation is pretty much always allowed and the lawsuits will go nowhere. Perfectly legal to go liquidation only.


Last edited by rogers park bryan on Thu Jan 28, 2021 11:52 am, edited 1 time in total.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:50 am 
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they are saying winklvoss twins are being conspiratorial without any evidence. winklevoss says well why don't you ask RH? and the host was like "they released a statement" and winklevoss is like you are journalist why don't you guys press them on this release that is very vague and doesn't seem correct. and the guy was like well i'm talking to you!

lol. uh RH has been already fined multiple times for breaking rules.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:51 am 
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Jaw Breaker wrote:
blackhawksfan wrote:
Supposedly the WSB guys are buying silver. Not sure how you buy silver.


Maybe through an ETF, as it would be hard for most of these customers to open a futures account.

March Silver up 110.6


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:53 am 
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Really kinda fucked that a trading platform would only allow you to sell a stock. Seems like shit could be manipulated that way.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:54 am 
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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:55 am 
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rogers park bryan wrote:
storkinastorm wrote:
I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?

Liquidation is pretty much always allowed and the loom aw suits will go nowhere. Perfectly legal to go liquidation only.
It depends on why they had to do it though.

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:58 am 
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Brick wrote:
rogers park bryan wrote:
storkinastorm wrote:
I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?

Liquidation is pretty much always allowed and the loom aw suits will go nowhere. Perfectly legal to go liquidation only.
It depends on why they had to do it though.

Market volatility is almost always the reason and it obviously applies here, so no matter what the real reason is, they're covered.

It sucks and its shady but its legal.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 11:59 am 
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rogers park bryan wrote:
storkinastorm wrote:
I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?

Liquidation is pretty much always allowed and the lawsuits will go nowhere. Perfectly legal to go liquidation only.


Only for certain stocks in ANY scenario?


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 12:00 pm 
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SpiralStairs wrote:
Really kinda fucked that a trading platform would only allow you to sell a stock. Seems like shit could be manipulated that way.

You can buy if you're short.

But yea, fucked up.


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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 12:03 pm 
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blackhawksfan wrote:
Supposedly the WSB guys are buying silver. Not sure how you buy silver.


It is really easy, I could explain it to you but after ready some of your posts I think your brain would freeze up and you would shit your pants

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 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 12:03 pm 
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rogers park bryan wrote:
Brick wrote:
rogers park bryan wrote:
storkinastorm wrote:
I hope the lawsuits are ready for all these brokerages who have shut down trading of these stocks. Of course the price is going down - you can't get the volume when half of all brokerages are refusing to allow people to purchase.

Anyone know if these brokerages are also refusing to allow people to sell? Can you imagine holding GME and having to watch it drop back down without the ability to sell?

Liquidation is pretty much always allowed and the loom aw suits will go nowhere. Perfectly legal to go liquidation only.
It depends on why they had to do it though.

Market volatility is almost always the reason and it obviously applies here, so no matter what the real reason is, they're covered.

It sucks and its shady but its legal.
It won't be easy but you'd have to prove it was done to help a hedge fund that gives them significant money.

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