Associate
- Joined
- 13 Nov 2003
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- 2,282
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- Chester
$450 now. This truly is insane.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Soldato
- Joined
- 11 Nov 2002
- Posts
- 3,947
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- West Mids
Algos of large institutional investors will have picked up the momentum and be running with the trend.
Alternately may just take out my initial investment.
A few k is a lot to me personally so it would be enough to make me happy.
Soldato
- Joined
- 15 Nov 2008
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- 2,535
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- Reading
There it is, 500. Wow.
yeah - if it opens over 450 I take out initial investment and let the rest go
I got into GME at 266 thinking that was close to it beginning to fall, plan was to take 25% and then bail, I'm up to 52% as of close yesterday.
If the short guys get bent over tomorrow and have to get rid of their shares, whats everyone else gonna do?
If the short guys get bent over tomorrow and have to get rid of their shares, whats everyone else gonna do?
I see on WSB discord, nordnet also won;t let people buy GME
I reckon these retail investor platforms realise they loaned all peoples GME shares to melvin and if melvin goes bankrupt they lose a ton of money?
would that even be legal to protect their interest over the customers?
I reckon these retail investor platforms realise they loaned all peoples GME shares to melvin and if melvin goes bankrupt they lose a ton of money?
would that even be legal to protect their interest over the customers?
It may not double, but it definitely wasn't at its peak; companies will be forced to buy on Friday when contracts expire and they'll be forced to buy at whatever the going rate is.
Wouldn't be surprised. It's an absolute circus what they're allowed to get away with.
The investment banks/hedge funds shorted MORE than the available shares. They were forcing GME to go out of business. The ones who are at fault here are the hedge funds who bet fortunes on making GME go under. Don't try and believe the narrative they are pushing that the little guy is to blame here.
This video is very good at explaining it - https://www.youtube.com/watch?v=4EUbJcGoYQ4
Soldato
- Joined
- 12 Feb 2006
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- 17,672
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- Surrey
I see they say there might be a delay, but not that you can't sell or buy any more.
I sure hope they get their **** together. All great the price is sky rocketing, but if you can't sell it means nothing.
The only silver lining is that it'll prevent panic selling from t212 users.
Soldato
- Joined
- 14 Mar 2011
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- 5,443
T212 for me simply says you can't buy GME, only sell
you can't buy shares only sell
AMC added as the same now.
- Joined
- 13 Apr 2010
- Posts
- 18,472
- Location
- Sunny Sussex
It was a failing business slowly being run down.
It might be their life line to survival though if they sell their own shares and reinvest in the company, but their history and market is grim.
Soldato
- Joined
- 3 Oct 2009
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- 19,893
- Location
- Wales
Oh well won't be buying any dips today then 
just watching
Thanks T212
just watchingThanks T212
Soldato
- Joined
- 3 Oct 2009
- Posts
- 19,893
- Location
- Wales
It's worth watching this to understand why some people thought it wasn't actually going to die
https://youtu.be/GZTr1-Gp74U
When people say "Friday" for the short call when exactly on Friday, at opening or closing or what? In a stock this volatile 5 seconds could mean the difference for some Redditors of being rich or eating super noodles for the next 5 years.
(To be clear I'm not holding any GME)
(To be clear I'm not holding any GME)
Wow, that is garbage - Time to never ever use T212, you decide your own risk - your capital is at risk isn't there for the sake of it!
No, it can take days.
No, it can take days.