How do the powers the be decide how much a stock is allowed to increase?

No offense taken, but im a pretty simple dude...i don't do shorts, margins or options. Pure day trade on opportunities.

Someone needed to ask him what stocks he's holding and how he'd feel if suddenly they stopped allowing it to be bought and it tanked on him.

Till they get a call from "the man" is what it looks like.

I’m talking about amount invested. You’re real deal. The guys shaking this up aren’t throwing in 10k on dips haha

He's not. He extrapolated what's best for his firm to what's best for his customers. Either he doesn't understand that those things don't necessarily align, or he's providing insight into the fact that his biggest 'customers' had much to lose by these stocks not getting nuked.

You know when Democrat and Republican politicians start working together over this and agreeing together there is a real problem with what Robinhood and other Brokerages did today.

I think as it goes on you will find it is between those with ties to hedge fund companies and those who don't.

Sadly, you are probably correct. They are politicians after all and one of the most corrupt group of individuals in society.

For those thinking about jumping on GME tomorrow...maybe sleep on it.

Major GameStop Shareholder Sells Entire Stake

https://www.yahoo.com/news/m/7622e6ab-3cb6-3a0a-93a7-89736e53af0d/major-gamestop-shareholder.html

Definitely love the cause, elites manipulating the stock markets... bringing it up to record highs to instill faith again. I'm not buying in, happy to make quick bucks until it makes sense.

Jerks!

Screenshot_20210128-183720_TD Ameritrade Mobile (resized).jpg

Just glad I was able to purchase a large order of silver eagles at 2 over spot price (with free shipping.) Threw in a few grams of gold for good measure.
As I understand it the Redditors are concentrating on Miners, but if successful will make physical go up. May hit it again tomorrow after I sleep on it, if it doesn't go crazy. I liked it when it was dropping, best deal out there.

It isn't a pump and dump to the reddit. They are pumping to stick it to wall street for betting big on amc and gamestop to fail costing people jobs. If no one dumps the price keeps going up. That's why RH only allowed sales to help lower the price to help the hedge funds shorting the stocks not lose so much

I was thinking about this...is there any way to tell how many short positions were covered today when GME hit 113? Could the coming squeeze have been avoided today by allowing the hedge funds to cover at an induced lower price?

in an attempt to mitigate damage, robinhood releases promo spot featuring a montage of regular traders entitled ...

All My Children

They didn't cover much if they did...the volumes would be much higher. But you can bet they bought more shorts before the buy shutdown and covered them on the way down to mitigate some losses.

You think the stock market is rigged - there is no way to take on the gold market - then you are dealing with central banks and bullion banks. they will just create more paper contracts to short. Now miners - that is another story.

Damn even td ameritrade buckled.... So much shady activity....

Yea, several firms jumped in with mid game rule changes. Totally uncalled for and self serving.

I did not hear anything about Fidelity doing any of this nonsense!

Just read that the guys pushing silver mine stock purchases are also encouraging bullion/coin purchases.
JB Bullion is telling everyone their order will be delayed 3 days. Another Online source for PM said sales are through the roof and shortages in many popular products here. Have a good account with APMEX and even though a little higher than other offers great service.
I hold long term so speculation a non starter. Feel like its going up in price rapidly for awhile so may try to get in another order tomorrow.

Short positions are only calculated twice a month. I am by not means an expert on when this happens, but tomorrow is the last day of the month. I think you could be on to something.

Why do you feel like the price of gold is going to go up when it's been fairly steadily declining since August 5th of last year?

Wait did Ameritrade just do this too restricting purchase bc of so I'm closing my account. They can go themselves

They did. I saw the message when I just logged on. Seems like fidelity is the way to go but I think there's a $2500 minimum to open the account

I would immediately close my account of ANY broker that unilatterally restricted trading in this manner!

It is not the scope of the broker to tell me what, where or when I invest my money.

If you are using margin then they have a say as to who they lend to. I do all my trading in cash.

No minimum required. You can log on right now and open an account without a cent. It is super easy to link an account to transfer $ into the account as well. Just did it for my daughter. Took about 4 days for the cash to settle to start trading.

Screen Shot 2021-01-28 at 6.57.55 PM (resized).png

Nah, I opened with less than that today

I have Vanguard too...ive been using TD as thats where my most liquid funds are. But if I have to, I'll switch to Vanguard.

So based on Jodys info, seems a double edged f u. Let's see if this scenario holds water. Major Hedge funds know that brokers are going to limit buys thereby inducing a rapid price drop. So they buy a bunch of short positions. They use these to generate capital on the way down, and then purchase shares at the bottom to cover their original toxic shorts. They double dip on insider knowledge.

How much do they charge per trade?

I applaud those that are still gambling on this but to me they changed the rules and it's no longer a winning chance. I've never been so disgusted with the market as I have been this week. What was a fun game has really cast doubt on the integrity of our "free" market.

I'm so fucking disgusted with all of this!

and the most f'd up part of all of this? they are going to end up winning this because the brokerages catered to them under the guise of 'we're protecting you'. The only spin on any media platform has been how those bad redditors and rh users tried to manipulate the market and go after those poor hedge companies.

It's not like everyone can walk away from it either. It's practically the only place to put money and the fed and admins have made sure of that. Some of those smart hackers need to prove what is going on behind the scenes.

I think I am buying GME tomorrow as an FU!

$0 for stock trades. Options are .65 per option I believe.

Payment for order flow. Wowza!

https://www.investopedia.com/terms/p/paymentoforderflow.asp

I bet many will look into moving into Crypto or at least check into it after this. I know I will be more apt to adding to my crypto holdings.

There is ALWAYS a money trail.

A lot of people on WSBs are already into Crypto, but it's similarly as volatile. Bitcoin has gone up 10% in the last 24 hours, but it can rise or drop that much in a day all the time. I don't think WSBs or meme stocks are going away any time soon, it really depends how this plays out over the next week.

Too bad they don't care to protect the millions addicted to actually gambling on the internet or casinos. Just when the average joe buying a stock on its way up

Yes, Crypto is volatile however there are no circuit breakers, no one person or entity controlling it, making rules as they want. I admit I am not a crypto expert but at this point it is looking a lot more attractive after this weeks debacle.

Because Redditors from the same group jacking these hedge funds have given several credible signals they are moving to silver mining/refiner stocks and physical silver.
I do not feel gold is going up at the same rate as silver simply because this movement is focused on silver.
Do I feel that they can corner silver? No. What they can do is make the purchase price of bullion/bars and coins go up significantly short term.
I am a long term holder so the higher price cuts into my Monthly purchases.

Good article:

https://www.smh.com.au/business/companies/wall-street-may-never-be-the-same-after-gamestop-saga-20210129-p56xq4.html

I have spent most of the day trying to figure out the angles on AMC right now and the answer is there are none. There is not enough short interest to make it hold now, and the price got too far depressed. You still have the Silverlake backstop in the 13s, but that could have already been sold for all we know. You have to figure it will get halted a few times tomorrow based upon people rushing in which disrupts momentum upwards. You might can trade around the edges, but I don’t think you are going to get a big enough run to do damage. With them changing the game today, it broke my thesis. I still am concerned about them issuing new stocks to cover their 17% note from last weekend, and this might be as good as any time since the stock is high. That would make thr shares drop. I am going to sleep on this and see if I can come up with any answers. Anybody else got any thoughts?

I should just stick to selling software, posting gifs, and drinking bourbon.

Silver seems like a decent play, look at what happened after 2008.

AMC did say today they are issuing new shares again:
https://www.marketwatch.com/story/amc-entertainment-to-issue-444-million-shares-as-investors-opt-to-convert-600-million-of-convertible-debt-2021-01-28

I'm planning on selling my shares tomorrow, with more and more shares available and the WSB excitement waning at some point soon, I can't see it going up more. It went up to $11.29 after hours, there is still enthusiasm there and more people can buy tomorrow, so I could see it going up, but how long can that last?

I'm booking a loss right now on it...not enough to damage, but looking to see when a good time to bail is.