$GME squeeze

Discussion in 'The Lounge' started by Carterantebi, Jan 27, 2021.

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  1. hookemdano

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    I like fun...but they wont let me play
     
  2. plako

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    It looks like a lot of institutions were shorting nakedly and will pay for such sin dearly. While those few that held and not folded can cash handsomely;)
     
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  3. Carterantebi

    Carterantebi The Skunk Magnet
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    FA09EEC0-F486-4380-8507-D9CDB6B6E515.jpeg
     
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  4. hookemdano

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  5. Carterantebi

    Carterantebi The Skunk Magnet
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  6. Carterantebi

    Carterantebi The Skunk Magnet
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    Just broke even during after hours. Target price for tomorrow?
     
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  7. Easy619

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    Hopefully if you got your buys canceled by robinhood this morning you bought dogecoin instead..
     
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  8. Carterantebi

    Carterantebi The Skunk Magnet
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    Had about 6 dollars left in buying power and that’s what it went to today hahaha. Currently up 75%!
     
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  9. hookemdano

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    buy gefore they cut ya off


    upload_2021-1-28_16-41-44.png
     
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  10. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Watch out, it's gonna blow up now that Elon made his tweet about Dogue...
     
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  11. Carterantebi

    Carterantebi The Skunk Magnet
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    Update: 84% now!
     
  12. Easy619

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    I put some on dogecoin last night at 0.012. When I got notified robinhood canceled the reddit stock buys this morning, I doubled down. Up 300%
     
  13. 5spot

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    My neph in San Fran said a bunch of folks were going to Robinhood HQ at 2 pm.....hmmmm, I wonder why....hahahahaha!
     
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  14. Carterantebi

    Carterantebi The Skunk Magnet
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    Any idea if Buffalo Man was in attendance?
     
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  15. 5spot

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  16. Chriwilson

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  17. daytonfish

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    Playing the devils advocate here I guess, but is it not in the company's rights to restrict the trades? I guess thinking of it like the censorship on social media platforms, it may be morally wrong but it still is the transaction between an individual and a company, so not necessarily in the government's place to intervene. Unless there is some kind of SEC involvement? What is the government being expected to do here?
     
  18. 5spot

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    It was the company itself, Robinhood, on their own restricting purchases.
    Only sales were being allowed, which is very questionable. The gov was not involved..solely the company.
    The owner of Robinhood was one of the people who helped bail out the friend at the hedge fund who now must pony up big cash to save their ***.
     
  19. Carterantebi

    Carterantebi The Skunk Magnet
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    Not sure if someone already mentioned above, but it’s written in the fine print of their user agreement as well. They reserve the right to restrict buying and selling however they see fit. Definitely immoral and looks really bad on them, but I don’t there’s much you can do to fight it. I know their IPO isn’t looking too hot right now.
     
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  20. hookemdano

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    yep...in the article I posted...at the very bottom

    Miami lawyer Jeff Erez, who specializes in securities-fraud litigation and has represented clients against Robinhood before, is not optimistic the lawsuits will be successful, telling Bloomberg: “I’m looking at the Robinhood contract, and it says in black-and-white they can block or restrict trades at any time. I’m not aware of any law that would guarantee you a right to purchase a certain security at a certain brokerage firm.”
     
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