Quoted from captainadam_21:RH won't let them. This is causing a large part of the rage. The clear rigging of the game
Ah I figured most moved off of RH after the shit they pulled yesterday. I had no problem funding and trading on another platform (fidelity) in a matter of hours.
Quoted from Deaconblooze:Ah I figured most moved off of RH after the shit they pulled yesterday. I had no problem funding and trading on another platform (fidelity) in a matter of hours.
There were a bunch of people saying that they jumped to Fidelity too.
Quoted from Deaconblooze:Ah I figured most moved off of RH after the shit they pulled yesterday. I had no problem funding and trading on another platform (fidelity) in a matter of hours.
Good Move. Everyone needs to do this and send RH to the grave!
Quoted from Pin-Pilot:Good Move. Everyone needs to do this and send RH to the grave!
I was thinking to jail, but that works too.
Someone please help me understand this. So GME (and AMC) is currently dipping big time. I honestly thought today was the day it was going up. So as long as we hold you guys are saying there still aren’t enough available shares to cover their short positions. Does this mean the price can still skyrocket Monday or Tuesday? So confused!
Quoted from KornFreak28:Someone please help me understand this. So GME (and AMC) is currently dipping big time. I honestly thought today was the day it was going up. So as long as we hold you guys are saying there still aren’t enough available shares to cover their short positions. Does this mean the price can still skyrocket Monday or Tuesday? So confused!
This should help. It explained it for me.
https://pinside.com/pinball/forum/topic/stock-market-traders/page/169#post-6103452
Quoted from Spyderturbo007:There were a bunch of people saying that they jumped to Fidelity too.
I can’t move until this circus is over. I got shares tied up in RH. Nothing I can do atm
RH is still reducing the amount of stocks you can buy. You can only purchase 1 GME stock. That is insane! No reason to even be a customer of RH. Do not use RH. There are many other options for trading out there. RH is done!
Quoted from KornFreak28:I can’t move until this circus is over. I got shares tied up in RH. Nothing I can do atm
I think the people that did it just opened new accounts with Fidelity and did an ACH so they could buy more.
Quoted from Spyderturbo007:This should help. It explained it for me.
https://pinside.com/pinball/forum/topic/stock-market-traders/page/169#post-6103452
Thanks brother! I have a HUGE headache from days of sleep depravation, malnutrition and stress over GME and AMC. On my way to the gym to blow off some steam! Will I still be looking at the stock, pinside and WSB while I work out? Yep!
Quoted from Spyderturbo007:I think the people that did it just opened new accounts with Fidelity and did an ACH so they could buy more.
How long does it take to get you approved with them?
Quoted from KornFreak28:Thanks brother! I have a HUGE headache from days of sleep depravation, malnutrition and stress over GME and AMC. On my way to the gym to blow off some steam! Will I still be looking at the stock, pinside and WSB while I work out? Yep!
Sounds like you have a lot in it! I'm doing this because I can't go to the casino and play craps. I'm also doing this because this made it very obvious to me how much the game is rigged and I want to be a part of "pulling back the curtain". If I make some money off these a-holes at the same time that's great too.
That might sound stupid to some of you, but whatever.
Quoted from KornFreak28:How long does it take to get you approved with them?
No clue. Some guys were saying it was really fast. Open the account, send the ACH and trade. One guy said he got a message about a good faith violation since the funding hadn't technically cleared. He said he read the message and it said that it was only considered a violation if you didn't intend to pay so he went forward with his trade without issues.
I signed up/in to fidelity and it somehow linked my name/account to an old work one and it will not let me "stock trade" so idk. I guess I have will have to call but well..the CS is probably slammmmmmed.
IF PEOPLE ARE GOING TO MOVE FROM ONE BROKERAGE TO ANOTHER DON’T FORGET TO DO IT VIA “ACATS” that way you can keep your price points and don’t get slammed with capital gains tax!! Plenty of good information on YouTube that shows you how to do it step by step!
Quoted from athenspin:IF PEOPLE ARE GOING TO MOVE FROM ONE BROKERAGE TO ANOTHER DON’T FORGET TO DO IT VIA “ACATS” that way you can keep your price points and don’t get slammed with capital gains tax!! Plenty of good information on YouTube that shows you how to do it step by step!
Should have said move all your stocks from one to another
More explanation green wsb on what happens at the end of the day
quick explanation for AMC:
The hedge funds sold call options on AMC up to $9. If the price closes above 9 today, those options will get exercised and the hedge funds will be on the hook to provide 100 AMC shares for each option contract sold. Therefore they will have to buy back at market prices to provide those shares.
this will compound the upward price movement (called a gamma squeeze). The higher AMC closes today, the larger the positive effect. Additionally, short interest on AMC has gone up 13% this week (71% -> 84%) meaning they are doubling down on their short. If we can gamma squeeze today (keep price above 9), then the short squeeze will soon follow.
REMEMBER, THE NAME OF THE GAME IS PATIENCE. HOLD AND DON'T LET THEM WIN THEIR SHADY GAMES.
Quoted from Parzival:I've had no trading issues/limits with TD all week btw
I haven't either with TD.
I'm sitting here looking for an entry point for my pile of cash! Just kidding, it's a very small amount, but I want to join in for some more fun!
Facebook shut down the 'Robinhood Stock Traders' forum today. 157,000 members silenced for a short time, Unbelievable!!!
Quoted from loren3233:Facebook shut down the 'Robinhood Stock Traders' forum today. 157,000 members silenced for a short time, Unbelievable!!!
The powers that be.... Zark Muckerberg.
It's a private club and we're not invited....
Was this shit rigged 20 years ago as much as it is now? Or am I just older and see through the smoke and mirrors?
Quoted from Parzival:Doesn't surprise me that wall street is rigging the market. Just crazy how openly they are doing it
What surprises me is that this is "news" to anyone... its been a rigged game forever and has only gotten worse over time.
People really have no shame with what they will do or who they will screw over for a buck.
Quoted from athenspin:How many shares is robinhood limiting buyers to today?
One. You read that right....just one. Unless you already own 5, then you can't buy any.
Quoted from Spyderturbo007:One. You read that right....just one. Unless you already own 5, then you can't buy any.
Lol, glad I’ll be “protected” from myself.
Quoted from Spyderturbo007:Was this shit rigged 20 years ago as much as it is now? Or am I just older and see through the smoke and mirrors?
Its always been rigged but now its just stupid.
The more computers and software got involved the easier it was to fuck with.
Quoted from Spyderturbo007:Well, this trying to get in around $200ish isn't going so well.
Haha. I set a buy at that too...really wanted to avg down my 1 share.
Quoted from jalkelly:Haha. I set a buy at that too...really wanted to avg down my 1 share.
I'm trying to average down my 4 shares. I'm ballin' over here.
Looks like a $320 close is a important number too. I'm not sure if I want to double down or not.
On a tangential note to GME/AMC, I saw the kpg suggestion PSTH mentioned on Seeking Alpha, "In a move that could turn WeWork (WE) into a publicly traded company more than a year after its IPO fail, the office leasing company is in talks to combine with a SPAC, WSJ reports. A deal could value the firm at $10B, but it's not known whether that amount includes debt assumed. Bill Ackman, whose Pershing Square Tontine Holdings (PSTH) raised $4B last year, has pointed out that failed IPOs like WeWork is the reason he chose to form a SPAC, but the company has also received offers for private investment rounds and could choose to stay private instead." If so, is that good or bad?
WSB speculates there will be a ladder attack and a flash crash at the end of trading today. If you want to get in - that may be your chance.
https://www.reddit.com/r/wallstreetbets/comments/l82mvg/urgent_be_on_guard_for_them_to_flash_crash_gme_at/
Quoted from Bork:Put in orders just in case of a possible flash crash. AMC and GME.
I put in one at $280. I'm was going to put another one in lower, but I'm not sure at what price? Either that or just pull the trigger on a few shares at market price. All these damn decisions!!!
robinhood locked everything down to 1 share.
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
Quoted from TireFryer426:robinhood locked everything down to 1 share.
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
I read their name was changed to RobinCrook......
Quoted from Spyderturbo007:Was this shit rigged 20 years ago as much as it is now? Or am I just older and see through the smoke and mirrors?
It wasn't so long ago when you had to "Dial for Dollars" on a touch-tone phone. Before that, a phone call to your broker.
October 16 and 19, 1987 were awful days on hold as Merrill wanted to Lynch me with margin calls.
I never touched options again. As a Dilbert book noted how stock options work: You give your broker money and he buys nice things for his family with it.
It's always been rigged. The difference now is more people have access and information/disinformation travels very fast.
I've always maintained that no matter how people want to sugar coat it, the market for the average person is gambling. Sure you may 'look at numbers' to make a decision, but you do that in gambling as well. You still don't have nearly the vast information that the people cooking the books do. It is always in their favor. Just because the numbers look good to you doesn't mean some asshat will send out a tweet that means nothing that will send the stock in the opposite direction at any given moment.
Unfortunately, with the 401k movement, many other avenues of safe saving have been wiped out.
They truly do not teach enough about finances in school.
Quoted from loren3233:Facebook shut down the 'Robinhood Stock Traders' forum today. 157,000 members silenced for a short time, Unbelievable!!!
Not really unbelievable. Facebook has a standard they want everyone to follow, so that everyone is mutual. This Group is unmutual, making their own decisions.
Sorry, not allowed.
They will be shutting down more Groups until they either go out of Business or everybody toes their line.
Quoted from phil-lee:Not really unbelievable.
Guess I should have used the term "Bullshit" to get my point across.
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