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

[sdifox]

$319 now.
Just read on Yahoo finance that on Jan 15 there was 226% of short on float

 

[highland145]

$319 now.
Just read on Yahoo finance that on Jan 15 there was 226% of short on float

What does that mean?

 

[sdifox]

What does that mean?

there were 226% of float (stock that you can buy) that were betting on GME stock tanking. That huge pile of short will be called eventually and the people who borrowed stock will have to buy the stock to return it, at whatever the market value is.

 

[ponyo]

Bear raid time. I got my buy orders laddered up waiting. Bring it!

 

[[DHT]Osiris]

What does that mean?

The hedge funds bet more than they had to two different gangsters that the special forces guy would kill the 30 midgets in the backstreet brawl. Reddit juiced the midgets with pixie sticks and roids, and they won, now the hedge funds owe more than they have to two different gangsters and they knockin'.

 

[zinfamous]

there were 226% of float (stock that you can buy) that was betting on GME stock tanking. That huge pile of short will be called eventually and the people who borrowed stock will have to buy the stock to return it, at whatever the market value is.

Is that all of what comes due at the end of today, or are those orders scattered about with their own expiration dates?

 

[sdifox]

Is that all of what comes due at the end of today, or are those orders scattered about with their own expiration dates?

different dates and also depends on lender's tolerance. Today is first of must return dates. Lender can however demand you return shares whenever they fell like it.

 

[Zeze]

different dates and also depends on lender's tolerance. Today is first of must return dates. Lender can however demand you return shares whenever they fell like it.

If they demand it.. then the lender made massive profit at the cost of the short seller firms?

 

[sdifox]

If they demand it.. then the lender made massive profit at the cost of the short seller firms?

Well the lender get their stock back, they reap huge profit if they are the ones that sell the stock to the shorter, but brokerages do charge a fee for shorting. Thing is there is a must return date for every short. So the key to kill the hedge fund is sustained stock price at many multiple of short price. All you need to do is hold your stock. 1 million people holding one share each makes them sweat.

I am still shocked that you can short 200+ percent of float, it should be 100% max period.

 

[WelshBloke]

So it seems like these rich fucks stole enough panic sold shares from retail yesterday with their illegal bear raid to somewhat better balance their long/short books and are in much better footing and shape today. Enough that they opened the retail buy order back up so they can try to screw retail.

I wouldn't be surprised if they have been told to at least pretend to play nice because they are I'm danger of bringing too much attention to how broken the system is and that would end up with more regulations being brought in.

 

[ponyo]

Robinhood limiting new GME share purchase to limit of 2 shares. lol. These crooks. Die Robinhood!

 

[sdifox]

Robinhood limiting new GME share purchase to limit of 2 shares. lol. These crooks. Die Robinhood!

we just need a million more people buy 2 shares each

That should trigger the buy bots.

As to RobinHood, everyone should just leave them.

 

[s0me0nesmind1]

Robinhood limiting new GME share purchase to limit of 2 shares. lol. These crooks. Die Robinhood!

Oh my god that is fucking hilarious.

We know we got tons of public backlash
But.... the rich people are still coming down on us!
Maybe we can throw them a crumb to say "We meet you halfway" and maybe they will back off?

 

[Torn Mind]

You wonder if Robinhood is intentionally going to suicide itself and then restore the "old order" right now.

People are going to have a run on it.

I was just months ahead.

 

[Zeze]

Robinhood limiting new GME share purchase to limit of 2 shares. lol. These crooks. Die Robinhood!

Jesus tap dancing christ these fuckers

 

[ISAslot]

managed to snag a share of gme@253 with a market order
just for the lulz 💎✋🏻🚀

 

[s0me0nesmind1]

Good discussion of the amount of ridiculous corruption being exposed in all of this:

 

[ultimatebob]

Oh my god that is fucking hilarious.

We know we got tons of public backlash
But.... the rich people are still coming down on us!
Maybe we can throw them a crumb to say "We meet you halfway" and maybe they will back off?

Or, maybe these kids should grow up and get a real brokerage account that doesn't have these BS trading limits.

Most of the other major brokerages are offering free commissions now. There no excuse for sticking with Robinhood.

 

[Zeze]

Or, maybe these kids should grow up and get a real brokerage account that doesn't have these BS trading limits.

Most of the other major brokerages are offering free commissions now. There no excuse for sticking with Robinhood.

Dude.

Robinhood wasn't the only platform that locked up GME trading.

Fidelity
Charles Schwarb
TD Ameritrade

You couldn't search for GME in some of these platforms. They all have simultaneous outages prior to freezing buying too Tues-Wed.

 

[ultimatebob]

Dude.

Robinhood wasn't the only platform that locked up GME trading.

Fidelity
Charles Schwarb
TD Ameritrade

You couldn't search for GME in some of these platforms. They all have simultaneous outages prior to freezing buying too Tues-Wed.

I didn't have any trouble trading GME with Fidelity. The site was down briefly this morning, but that's it so far.

 

[ponyo]

Dude.

Robinhood wasn't the only platform that locked up GME trading.

Fidelity
Charles Schwarb
TD Ameritrade

You couldn't search for GME in some of these platforms. They all have simultaneous outages prior to freezing buying too Tues-Wed.

No, Fidelity, Schwab, and TD Ameritrade didn't restrict your buy with cash.

It was Robinhood, Interactive Brokers, WeBull, and maybe couple others but those 3 I named locked it up. Robinhood has lot of small retail clients but Interactive Brokers have all the big rich retail clients. The restrictions killed off the momentum and allowed the bear raid and killed the gamma squeeze trade. We could've saw $1,000+ easily and people did actually get sell orders executed at $2,000+ and even high as $5,000 before it was shut off. It would've broken the system. I'm confident.

 

[Torn Mind]

E

No, Fidelity, Schwab, and TD Ameritrade didn't restrict your buy with cash.

It was Robinhood, Interactive Brokers, WeBull, and maybe couple others but those 3 I named locked it up. Robinhood has lot of small retail clients but Interactive Brokers have all the big rich retail clients. The restrictions killed off the momentum and allowed the bear raid and killed the gamma squeeze trade. We could've saw $1,000+ easily and people did actually get sell orders executed at $2,000+ and even high as $5,000 before it was shut off. It would've broken the system. I'm confident.

Schwab did in critical moments but it was very "light" touch that they can spin as technical difficulties, but still very very fishy.

Sometimes the ticker literally could not be recognized by the system. Sometimes the buying page was disabled.

I'm a novice who only uses my own money, don't have the ability to do options because I chose not to get approval for now.

 

[ponyo]

WSB getting around Robinhood 2 GME max shares restrictions. I love it!
People did this to squeeze the NKLA shorts last summer I remember.

https://www.reddit.com/r/wallstreetbets/comments/l82y7u

 

[paperfist]

What does that mean?

It means it's causing all the stocks I own to crater

 

[Zeze]

The end game is going to hurt lots of people no?

Let's say GME reaches $2000 or $5000 or $42,069 or whatever the fack. It'll crash hard once ppl are cashing out.

Among the 'everyday folks', only a fraction of them will be rich and rest will be screwed.

Isn't that right