$GME squeeze

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

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  1. Carterantebi

    Carterantebi The Skunk Magnet
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  2. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Think he tweeted to Elon saying something to the effect of turning 53k into 800k
     
  3. Carterantebi

    Carterantebi The Skunk Magnet
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    Click the link and look at bottom right. It ain’t 800k anymore!
     
  4. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Wow holy wow
    Reading the archives, this was/is insanity
     
  5. Carterantebi

    Carterantebi The Skunk Magnet
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    That’s money for multiple grandes!
     
  6. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    That’s Altessa money...

    It wasn’t his tweet I saw on Elon’s Twitter, a guy who made >50k as his YOLO...
     
  7. Carterantebi

    Carterantebi The Skunk Magnet
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    Still holding!
     
  8. mikecheck1212

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    AMC!
     
  9. 5spot

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    I think you can restrict stock moves as a private company, but it has to be applied to everyone. Also, they can restrict moves if your portfolio shows you can’t cover your gamble. Only the big institutions were allowed to buy GameStop.....letting them get some of their bets back.

    My understanding anyway.....
     
  10. ScubaLee03

    ScubaLee03 Real Estate Broker
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    Yikes.

    I checked to see if retail investors can loan out the stock shares that they own outright, and it is possible. However, not all brokerage firms offer that service. And if they do, the return is different amongst the brokers.

    Anyone have any experience of loaning out shares to brokerages? What’s the potential risks involved?

    Sounds like Robinhood lend out shares that they didn’t own to the hedge funds, and got caught, so they are on the hook too. Hence why they couldn’t allow more buying of GME.

    Is this correct understanding of the institutional scam against retail investors?
     
  11. plako

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    Well, as in any Poncy scheme someone at the end has to hold the empty bag, guess who would be;)
     
  12. Carterantebi

    Carterantebi The Skunk Magnet
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    Looking at some calls for $19 2/5. Thoughts?
     
  13. blackcloud9

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    Scam? ... Scam? A number of hedge funds are in the process of losing billions AND going bankrupt. "Naked" shorting is technically illegal but hard to enforce or not enforced. Do you want to start a hedge fund or start shorting in an account? You certainly can, anytime. There is NOTHING that you can invest in for huge gains that does not involve huge risk. Any institutional edge over retail is extremely subtle like HFT, Quote stuffing and other crap that takes billions to get involved in, and all of it is in a grey area of legality, much like driving 60 mph on the freeway in a 55 zone.

    Robinhood CEO is stating that they are required by law to stay in business by having capital on hand to cover all the trades being made, some of this is on MARGIN!! RobinHood is loaning that money that could easily be vaporized. Being a Brokerage is a complex business, I'm in it!!
     
    #93 blackcloud9, Jan 29, 2021
    Last edited: Jan 29, 2021
  14. blackcloud9

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  15. blackcloud9

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    Why not just go to Barona and bet that on Black?
     
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  16. ScubaLee03

    ScubaLee03 Real Estate Broker
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    Robinhood does not offer a lending/profit sharing program for stocks owned outright by investors using their brokerage firm.

    What regulation is there to prevent Robinhood of lending out stocks owned fully by retail investors on their platform to hedge funds under the table and keeping all the profit?

    This is my understanding of the scam...
     
  17. Carterantebi

    Carterantebi The Skunk Magnet
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    I would but I don’t want to get a rash on my massive balls from the carpet as I drag them to the table.
     
  18. blackcloud9

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    What if, instead of PROFIT, there were billions of dollars in losses? Under your assumption, what would keep everyone from opening a small online trading company and just making $Trillions???
     
    #98 blackcloud9, Jan 29, 2021
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  19. blackcloud9

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    Buying call options on AMC is exactly the same, though you don't realize that since you FEEL that you have an "edge" somehow. AMC stock could ... EASILY ... go back to $2 in the next few days, your calls expire very worthless. aka You just hit RED at Barona. "... thanks for playing"

    Which begs the question, do you know if you personally have the ability to trade Options in your account? There is an annual Option agreement with your broker that you must sign, stating that you're very experienced and well aware of all risks associated with trading options.
     
    #99 blackcloud9, Jan 29, 2021
    Last edited: Jan 29, 2021
  20. ScubaLee03

    ScubaLee03 Real Estate Broker
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    Correct, they borrowed goods from private ownership and messed up BIG time. Somehow, takes no responsibility for that because the goods were borrowed without the owners even knowing it.
     
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