31–40 of 88 posts
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."
Not being in the US I don't know this but can Robinhood be sued, like a lot of people seem to be calling for, just for refusing to handle trades on a stock?
Earlier quoted context omitted.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
>I don't know how some of these shorts will find 20 million shares by tomorrow. you're confusing shorts with options. shorts don't expire. They can be held indefinitely as long as you have the margin to keep up with the losses.
> "This isn't investing, this is gambling" Yep. Agreed. Spot-on. That's what Wall St does. If you don't like it, try and stop it. But for everyone, including the hedge funds. Treating the derivatives markets like a casino (and taxing appropriately) sounds like a great idea.
You can’t just dismiss all that as nothing.
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%.
Does it matter that your're underwater by 50%? The goal was to beat Wallstreet, They did. The hedgefunds should definitely take note not to play a dangerous game because losing is always on the table.
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%.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
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%.
Does it matter that your're underwater by 50%? The goal was to beat Wallstreet, They did. The hedgefunds should definitely take note not to play a dangerous game because losing is always on the table.
Earlier quoted context omitted.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
>I don't know how some of these shorts will find 20 million shares by tomorrow. you're confusing shorts with options. shorts don't expire. They can be held indefinitely as long as you have the margin to keep up with the losses.
Nobody is “outwitting” Wall Street here. That will become particularly apparent in the coming days. I’ve read posts on /r/WSB where people talk about having put all of their savings into this. I only hope that they’re just teenagers with little savings.