Investing, Stock Market and Retirement Planning Thread

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:23 am


Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Thu Jan 28, 2021 9:30 am

Absolutely insane. Can’t fight big money I guess

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Thu Jan 28, 2021 9:30 am

I've long thought that the only way this wouldn't happen is something illegal.

Damnit I was right again.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:30 am

We can, and are. Whales aren't using RH for their buys, and all PM is doing right now is providing incentive to buy more shares. Like I am, right now.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:32 am

lol, RH is completely locked up for everyone right now.

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:32 am

Yeah RH app is bombing out. I'm just gonna sit back and watch everything burn for a bit. Nothing I can do haha.

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:34 am

Halted at open?

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:34 am

Halted at open?
Yep.

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Thu Jan 28, 2021 9:34 am

Halted at 300?? lol

robbiestoupe
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Investing, Stock Market and Retirement Planning Thread

Postby robbiestoupe » Thu Jan 28, 2021 9:36 am

Retail investors like us aren't what's driving the bigger fluctuations - the whales are. And there are plenty invested in GME right now.
Understood, but in order to sell your stock, you need a buyer, correct? Who are these buyers now that the retail investors are shut out - the whales? Why would they buy the stock when their interest is in the stock dropping?

I'm not sure what shorting a stock really means. Yes, you're betting the stock drops in price, but where are these "winnings" coming from when the stock does indeed drop?
when you short a stock, it goes like this:

The short borrows the stock with the agreement to return it to the broker that it borrows the stock from

The short sells the stock

The short hopes to buy the stock back at a later date at a lower price.

The short makes a profit by pocketing the difference between the price it sold the stock at the start of the transaction and the price it buys the stock at a later date.

In between the time the short sells the stock and repurchases the stock, it has to pay interest to the broker that it borrowed the stock from. It also has to post collateral to protect the broker. The higher the price of the stock, the more collateral it has to post.
Thank you sir, this explains it very well

Morkle
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Investing, Stock Market and Retirement Planning Thread

Postby Morkle » Thu Jan 28, 2021 9:36 am

Yea, gonna go ahead and say the system is rigged, and this is gonna be some major f*ckery if Friday was the deadline.

Willie Kool
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Investing, Stock Market and Retirement Planning Thread

Postby Willie Kool » Thu Jan 28, 2021 9:38 am

F***. Lost 2 more shares when my stop-loss executed at $250. Glad it didn't completely tank PM, since I had the rest set at $175, but I have now cancelled that. F*** these dadholes.

Pavel Bure
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Investing, Stock Market and Retirement Planning Thread

Postby Pavel Bure » Thu Jan 28, 2021 9:43 am

F***. Lost 2 more shares when my stop-loss executed at $250. Glad it didn't completely tank PM, since I had the rest set at $175, but I have now cancelled that. F*** these dadholes.
Yeah I canceled mine. **** them, this was money I could afford to lose. The rocket stalled but it will be refueled by the end of the day, then if we can all hold through whatever other f*ckery comes tonight we shoot past the moon on Friday into Monday

King Colby
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Investing, Stock Market and Retirement Planning Thread

Postby King Colby » Thu Jan 28, 2021 9:45 am

I can't **** believe this is happening. Criminal.

King Colby
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Investing, Stock Market and Retirement Planning Thread

Postby King Colby » Thu Jan 28, 2021 9:46 am

I'm getting set up on a different platform. **** RH

mac5155
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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Thu Jan 28, 2021 9:46 am

halted twice in 10 minutes, and just soaring back to 400 lol. I was so mad about 20 minutes ago.

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:47 am

Again I think they underestimate the power of the internet and determined people.

robbiestoupe
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Investing, Stock Market and Retirement Planning Thread

Postby robbiestoupe » Thu Jan 28, 2021 9:48 am

Maybe Robinhood should change their name to Nottingham

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:49 am

Maybe Robinhood should change their name to Nottingham
:lol:

willeyeam
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Investing, Stock Market and Retirement Planning Thread

Postby willeyeam » Thu Jan 28, 2021 9:49 am

Again I think they underestimate the power of the internet and determined people.
Ironic considering the last week

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:50 am

Again I think they underestimate the power of the internet and determined people.
Ironic considering the last week
I think they think people will just give up eventually. I think people just dig in more.

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:51 am

Once I eventually cash out on GME I will be switching apps rrom RH to whatever small change stock i plan to mess with next.
Last edited by skullman80 on Thu Jan 28, 2021 9:52 am, edited 1 time in total.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:51 am

It's the whales driving the buying volume, which is why all we have to do is just hold.

NTP66
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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Thu Jan 28, 2021 9:52 am

Once I eventually cash out on GME I will be switching apps to whatever small change stock i plan to mess with next.
If we all go to the same brokerage, let's just make sure that we capitalize and provide each other referrals.

skullman80
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Investing, Stock Market and Retirement Planning Thread

Postby skullman80 » Thu Jan 28, 2021 9:52 am

Once I eventually cash out on GME I will be switching apps to whatever small change stock i plan to mess with next.
If we all go to the same brokerage, let's just make sure that we capitalize and provide each other referrals.
:thumb: :thumb:

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