I was wondering if I should throw a little at NOK or BB. Those keep getting lumped in with GME and AMC.

You're right though, $1,000 does sound good. People keep babbling about $4200.69.

At what point would you jump ship?

You have to base that on your comfort level - since the rise is based on nothing but a pumping scheme there is no solid financial data that is going to tell you when to sell.

Basically you are asking, When do I walk away from the Crap Table - when you won or lost enough

I wouldn't call it a pumping scheme based on my limited knowledge. I thought that was always used when someone circulated a ton of news surround a stock in an attempt to pump the price so they could dump it.

In this case, it looks like people are using the massive 141% short interest in the stock by the hedge funds against them in an attempt to shine a light on the way hedge funds manipulate the market.

But once again, I'm new to all this stock stuff, so don't listen to me.

There are a lot of 1/29 calls that are ITM and settle tomorrow. I am staying put for now.

Semantics - People are not going to hold GME forever at this price - the dam will burst at some point and it's going to be a very fast nasty flood

Supposedly this thing could really blow up tomorrow. This is crazy!

I’m with you.....What would be a good indicator for you to jump ship though?

Went to sleep AMC around 14. Wake up around 20. Nice.

Hold baby hold

A lot of people are saying that although things expire tomorrow, you won't see the real action until Monday / Tuesday of next week.

I don't understand all this expiring crap and how it works, so I'm just regurgitating stuff I read.

One thing to consider with these companies is the total issued shares. GME has 70 million.

AMC 400 million
NOK 5.6 billion
BB 562 million

These stocks may be harder to manipulate with the huge number of available shares.

Whereas these other names have more potential to fly like GME given the small float of shares:

EXPR 65 million
KOSS 7.4 million
KODK 77 million

KODK may be one to watch. Not too overpriced yet and has been creeping up lately.

For people that are a little confused, this explains it pretty well. This is a copy and paste.

I feel like there are a ton of new and confused traders in here so I'm going to help explain what's happening...

Gamestop (GME) and (AMC) are two failing companies who's stocks got a bump in the market due to some recent good, but ultimately inconsequential news. That jump caused large multi-billion dollar short-selling hedge funds to short GME and AMC stock with the assumption that they'd continue to fall after their bumps.

(Short selling is when someone borrows shares at a higher price then sells it with the assumption that they can buy the shares again later (1/29) at a cheaper price, give those shares back and then pocket the difference.)

This is where we the people (FB, Reddit, Twitter..) come in to ruin their day.

A bunch of us agree to flood AND HOLD! the stock with unexpected new money, causing the stock price to rise instead of fall. This causes the short sellers to lose money because they are going to have to give back those borrowed shares in the future (1/29).

As the short sellers watch the stock rise alomg with their losses, they start folding one by one and buying the stock in order to give the shares back and close their position. Buying those shares causes the stock to rise which in turn puts MORE pressure on the short sellers and more of them have to buy more shares... This is called a SHORT SQUEEZE.

On Friday (1/29), time will be up for many of the short sellers. They'll have to close out their positions by buying stock which will cause AMC and GameStop to sky rocket.

That is why you BUY NOW (apply pressure and start your investment) and HOLD. Because every person that sells is relieving the pressure and reducing the billions of dollars the hedge funds will owe us, the little guys.

The price will go up, and it will go down, just buy it and hold it at LEAST until Friday 1/29.

WHY AMC IS DOWN AFTERHOURS: Hedge fund managers, Short sellers, and Market Makers are using their extended hour trading to scare retail traders (You) off. Most retail traders (You) lack the ability to trade before and after the market opens/closes. This is why it is currently down. Once retail traders (You) are able to get back in at market open tomorrow, this will again go up. This is an attempt to scare ppl away from the stock. It will happen every single evening for the next several days so be prepared for this. If it is to stressful for you, please put away your phone/computer and check again in the morning.

Is it too late to catch the wave on nakd?

That's really interesting. So if a bunch of people band together and go after a hedge fund it's evil, but if they attempt to manipulate the market, it's alright.

I'm really starting to jump on the wagon with those people on Reddit.

Sooo, my robinhood account says I can close my positions in AMC and GameStop but I Can’t buy more with a caution sign????

What?! I was ready to dump more into AMC! Fuckers!

That's correct..... See how the 1%ers stay in the 1% If you want to buy more get a webull account.

I wonder if this is causing the $4 drop or so that just hit......that's ridiculous they are restricting people from buying a stock

This is too confusing, Im just going to go wax my pinball machines. Good luck to all of you (well most of you, there are some on here that dont deserve crap.. you know who you are)

Good thing I have one! Wonder if this will spark a sell off

I would think you just can't buy it on Margin. If you have the money to buy, you should be able to buy it.

I also don't understand why anybody uses Robinhood these days when trading is free everywhere. It made sense when they were free and others weren't.

I was able to buy AMC right now - down $3.5, I bought a little more.

Anyone know anything about a "Good faith violation". I did an ACH yesterday and sold a few shares of stock. I then bought a few shares of GME. From what I'm reading, I'm not allowed to sell that stock until at least Friday or I commit some sort of violation.

Is that right? I'm totally confused with this crap.

I read that they are restricting margin purchases and you can still buy and sell shares, but just not on margin.

If you don't have a margin account, you can't buy and sell with unsettled funds. It takes like 3 days for funds from a sale to settle. Do it enough times and they'll restrict your account.

yfz450 is correct. Everybody take a breath as I have said a few times this week and read what he posted. I read this on WSB last night and fully agree. You have a lot of hedge funds trying to shake people up because they are loosing billions. Going and asking every 5 mins should I buy or sell is not doing anybody any good and just spinning yourself in a tizzy. Everybody needs to make their own decisions and be happy with them. If I had not pulled out of GME I would be sitting on close to 500K right now just on that. But, I made the decision and have not thought about it since.

Regarding AMC, one risk factor to consider is that at some point, they will probably make an offering to help take care of the debt note from the weekend. They converted about 44M shares this morning for the Silverlake position. I would think that this is more of a when then an if, but that is speculation.

Again, not offering financial advice. I take no responsibility for your trades.

But I can do it this time and get a warning or something? I don't want to miss the wagon. I bought AMC too.

That could be it, I moved $ into it the other day, funds probably haven’t settled.

Once in a while should be fine. It's like daytrading. If you don't have $25k and a margin account, you can't buy and sell the same stock on the same day more than a couple times a week or something or you'll get restricted.

Dont forget capital gains taxes?

All this restricting imo fuels people even more which is quite frankly the reason why I'm even still in. They really beginning to impede on personal freedom here to cover themselves and people aren't going to take it. When the internet gets pissed, I put my money on the internet. Holding at least until Friday.

The SPAC crowd sure went silent recently. That was no match for short-crushing mania.

Good point, but never a reason not to invest. Cost of doing business.

How do you buy shares premarket? Just place an open trade and how someone takes it?

Now Robinhood restricted NAKD as well! WTF!

8309C3EB-A87C-4ABC-9AC5-BA7A0CE57D15 (resized).png

Yet the retail traders are the ones manipulating, right? How much more blatant can they get? We knew they were in bed with Citadel, but they might as well run a banner ad telling us that now. BTW, Webull is still allowing buys of everything.

This really shines a light on how crooked this crap is.

With Ameritrade I had to pick the GTC + ext option. It's under the Time-in-force section.

Time in force (resized).JPG

I had this issue. If you have a plain, jain trading account you can:

1. Buy stock A. Wait a week, sell stock A, immediately buy stock B.

What you can do but will cause a "violation" is, Buy stock A on Monday, Sell Stock A on Monday. You are technically selling "unsettled funds".

You may be able to do this a few times, but they will eventually lock down your account and force you to trade with settled funds.

Scenerio where I got in trouble.

ACH is cheap! Lets buy some at 100!. Wow, it's 120 now, lets sell it (same day). Wow, its 100 again (next day) lets buy it! Wow, its 120 again, lets sell it! (same day). Got my account into restricted mode and can now only trade with setteld funds (for 90 days or so). What does that mean? Buy stock A, keep it 1 month. Sell Stock A. Money is not "settled" and tradeable until the second business day after you sold, usually in the pre market.

You have to set it up with your broker - it's usually not a default option when you open your account

Are they restricting GME and AMC to prompt us to sell? Looks that way

That makes sense. I guess I'm used to trading crypto where it's basically instant.

16 is around 20??? That's some stretchy math.

Was at 20 a few hours ago

My comments take some common sense from others. It was 20 when I woke up - pre market trading my man. It's fluctuating.

It was at 20....it's dropped since RH disabled trading

It was over 20 when I woke up a couple hours ago.

Thanks man! I'm gonna try a few bucks on this madness

That's what I did. What the hell. Just enough that I can lose it and still sleep at night.

Sorry, I don't see it almost 20 except near close yesterday. Might just be the chart being wrong then.