[2/4 @ $88 per share] GME - Gamestop stock - anyone following this absolute MEME-HILARITY (now with Elon tweet)

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Aharami

Lifer
Aug 31, 2001
21,205
165
106
I can't believe Interactive Brokers restricted GME to liquidate only trade too. I just tried to place order to buy GME on IB and they won't let me. This is crazy. I think I need to think about closing my IB account and taking my business elsewhere. This is total BS. Interactive Brokers is supposed to be catered to the Pros. I pay commission and I even fucking pay for stock quotes because nothing is free at IB. What fucking BS.
'
You might have seen this already. I don't buy it

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ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
You might have seen this already. I don't buy it

Sent from my BLA-A09 using Tapatalk
Yeah, I saw the interview. But what you linked is only part of the interview. Here's the whole interview which shows how despicable this guy is. It's one of the most disgusting interview I've seen and made my blood boil mad. I will pull all my money out of Interactive Brokers and only keep the account open til next year so I can get my 1099 tax documents from them. I don't trust these assholes to give me my tax documents if I close the account before I file my taxes next year. So I will keep 1 penny in the account to keep it open and then close it after I get my tax documents next year. I have to protect myself from the evil guy and his evil IB company.

 

Tweak155

Lifer
Sep 23, 2003
11,449
264
126
Yeah, I saw the interview. But what you linked is only part of the interview. Here's the whole interview which shows how despicable this guy is. It's one of the most disgusting interview I've seen and made my blood boil mad. I will pull all my money out of Interactive Brokers and only keep the account open til next year so I can get my 1099 tax documents from them. I don't trust these assholes to give me my tax documents if I close the account before I file my taxes next year. So I will keep 1 penny in the account to keep it open and then close it after I get my tax documents next year. I have to protect myself from the evil guy and his evil IB company.

Wow thanks for linking this extra bit. This IB guy clearly thinks he decides WHY people should invest in a company, like he controls their money or something. That's pretty infuriating. If people don't care if they lose money and want to put money into the game, that should be completely up to them.

No wonder you want out. Unreal.
 
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Grey_Beard

Golden Member
Sep 23, 2014
1,825
2,007
136
Yeah, I saw the interview. But what you linked is only part of the interview. Here's the whole interview which shows how despicable this guy is. It's one of the most disgusting interview I've seen and made my blood boil mad. I will pull all my money out of Interactive Brokers and only keep the account open til next year so I can get my 1099 tax documents from them. I don't trust these assholes to give me my tax documents if I close the account before I file my taxes next year. So I will keep 1 penny in the account to keep it open and then close it after I get my tax documents next year. I have to protect myself from the evil guy and his evil IB company.


This was to protect the middleman? He thinks the stock is worth $17? Why? It’s okay for hedge funds to short the stock, send out negative information about to push the price down, but when a group of individual traders buy it, the resulting price jump is not the “price” of the stock? What kind of logic is that? I don’t want to take the money from hedge fund x because I have to give it all these people over here? I agree it’s like the scene you posted, they had no bullets, a.k.a. liquidity at that point. This is not right.
 
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zinfamous

No Lifer
Jul 12, 2006
111,788
31,220
146
Fvck hearing. For what - some stupid tongue lashing for few hours and they hop back on their private jets to go home.

They lost $20B. Getting fined for several tens of millions (if any) is a disgusting miracle of a discount.

Why don't people go to jail for white collar crimes in US? FFS. In S. Korea ppl facking go to JAIL for this shit.

Private companies run this country.. absolutely cucking the govt and the people.

the lawsuits and lawyers handle the criminal convictions. the congressional hearings handle the potential regulations, that could actually lead to reform against these hedge funds and brokerages.

what do you actually want to happen here, that congressional hearings aren't required?
 

zinfamous

No Lifer
Jul 12, 2006
111,788
31,220
146
so, how do we start shorting RobbinHood? Is there a hedge fund that would invite all those retards in to do it?

:D
 

sdifox

No Lifer
Sep 30, 2005
99,772
17,713
126
so, how do we start shorting RobbinHood? Is there a hedge fund that would invite all those retards in to do it?

:D

well they want to go public... it should just be boycotted. aimed at retail clients while pissing off retail client.
 

sdifox

No Lifer
Sep 30, 2005
99,772
17,713
126
weren't they going to do it a while ago, but then WSB found the infinite leverage trick and they held off

or maybe i'm thinking of another company

I have no idea, this is the first time I am hearing about all this crap.
 

zinfamous

No Lifer
Jul 12, 2006
111,788
31,220
146
weren't they going to do it a while ago, but then WSB found the infinite leverage trick and they held off

or maybe i'm thinking of another company

I remember that. I didn't realize they were in the process of filing papers or entertaining such when that happened.
 

Zeze

Lifer
Mar 4, 2011
11,395
1,189
126
/u/Deepfuckingvalue has been doxxed by CNBC wtf

  • A YouTube streamer who helped drive a surge in the shares of GameStop is a 34-year-old financial advisor from Massachusetts.
  • Keith Patrick Gill is the person behind the Roaring Kitty YouTube streams which, along with a string of posts by Reddit user DeepF***ingValue, helped attract a flood of retail cash into GameStop.
  • Until recently, he worked for insurance giant MassMutual, public records and social media posts show.
 

dullard

Elite Member
May 21, 2001
25,982
4,592
126
Thanks I think I get it. It sounds a bit complicated but that does put it simply. I guess the idea is that if you know a stock is going to go down, or you think you can MAKE it go down (bad publicity etc), then you are at an advantage to do this? So it's a way to profit from a stock going down, while otherwise you would be losing if you simply bought it through a normal trade.
Yes. If you think it is going to go down, you might be able to short it and profit. On the surface it sounds like an evil vulture move: profiting from the price of something going down. But what it usually does is have people sell when prices are artificially too high (lowering the big peaks) and buy when stocks are down (rising the valleys). The only way for a short to be profitable is to buy when the price is low. In other words, it is the shorts that are buying when the stock needs buyers the most. Shorting tends to keep prices more steady than without shorts.

Making the price of something go down with bad publicity is a grey area. If anything you do is misleading, false, or even exaggerated, that is illegal and massive fines are given out. Shorting can be abused. That abuse or even appearance of abuse is quite problematic.

I have shorted one thing in my life: silver. When silver was over $40/ounce, I sold it. Then when it was $20/ounce I bought it. I did this 3 times (different price levels though). It was profitable for me to do that and I haven't done any shorting in years. Shorting can be very dangerous, as losses when shorting something can be massive.
 
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Torn Mind

Lifer
Nov 25, 2012
12,065
2,768
136
cnbc doxxes the reddit user DeepFuckingValue.


Why isn't the sec concerned about hedge funds bashing companies into the ground so they can short them? Rhetorical question....
I think The Daily Mail was the first and most detailed doxxer.


But hey, mainstream media willing to spread the word to audiences who don't read or care for the Dailymail makes me go :rolleyes:.

His name was spoken during the AOC livestream too.
 

ewdotson

Golden Member
Oct 30, 2011
1,295
1,520
136
It does look like the shennanigans that caused the stock to dip yesterday represented a buying opportunity. Ah well, I just have to keep reminding myself that I'm just fine sitting on the sidelines. Enjoy the ride, folks that bought in. Today should be kind of wild.