GameStop: Anger as trading in GameStop shares is restricted

#1

Post by deedub » Thu, Jan 28, 2021, 4:08 PM UTC

GameStop: Anger as trading in GameStop shares is restricted
bbc.com

Re: GameStop: Anger as trading in GameStop shares is restricted

#2

Post by gchokov » Thu, Jan 28, 2021, 4:41 PM UTC

OK, we've got this. Can we now stop sharing this every 5 minutes? Amateur investors lose money in the end.

Re: GameStop: Anger as trading in GameStop shares is restricted

#3

Post by lisper » Thu, Jan 28, 2021, 4:41 PM UTC

The high/low so far today is $514.50/$112.25. As I write this it's down 65%. What a surprise.

Re: GameStop: Anger as trading in GameStop shares is restricted

#4

Post by gruez » Thu, Jan 28, 2021, 4:46 PM UTC

While the title might be true for the "amateur investors" that got in early, I strongly believe that most of them are not outwitting anyone and will be bagholders. As of this post basically everyone who bought yesterday are underwater by 50%.

Re: GameStop: Anger as trading in GameStop shares is restricted

#5

Post by nubb » Thu, Jan 28, 2021, 4:48 PM UTC

lisper wrote: post #3

The high/low so far today is $514.50/$112.25. As I write this it's down 65%. What a surprise.

Platforms are banning buys for retail, ofc it's going down. If rh and td didnt ban it I bet it would be even higher.

Re: GameStop: Anger as trading in GameStop shares is restricted

#6

Post by chadash » Thu, Jan 28, 2021, 4:48 PM UTC

Outwit certain parts of wall street, maybe. Any hedge fund making money off of deal flow is gonna make a huge profit when there's a big spread between buy/sell prices.

Re: GameStop: Anger as trading in GameStop shares is restricted

#7

Post by newfeatureok » Thu, Jan 28, 2021, 4:49 PM UTC

gchokov wrote: post #2

OK, we've got this. Can we now stop sharing this every 5 minutes? Amateur investors lose money in the end.

hide/flag the post and move on

Re: GameStop: Anger as trading in GameStop shares is restricted

#8

Post by beervirus » Thu, Jan 28, 2021, 4:49 PM UTC

lisper wrote: post #3

The high/low so far today is $514.50/$112.25. As I write this it's down 65%. What a surprise.

Matt Levine:

"It seems meaningless to talk about the price of GameStop stock, as though a single number could represent such an elusive concept. GameStop stock has all the prices at once."

Re: GameStop: Anger as trading in GameStop shares is restricted

#9

Post by gruez » Thu, Jan 28, 2021, 4:50 PM UTC

nubb wrote: post #5

lisper wrote: post #3

The high/low so far today is $514.50/$112.25. As I write this it's down 65%. What a surprise.

Platforms are banning buys for retail, ofc it's going down. If rh and td didnt ban it I bet it would be even higher.

But what's the endgame? That the stock will go up forever, so that the existing investors are perpetually being paid by future investors?

Re: GameStop: Anger as trading in GameStop shares is restricted

#10

Post by cbozeman » Thu, Jan 28, 2021, 4:50 PM UTC

lisper wrote: post #3

The high/low so far today is $514.50/$112.25. As I write this it's down 65%. What a surprise.

Its easy for a stock to decrease in value when most of the American trading platforms don't allow Americans to buy it.