Some smart person explain the GME (gamestop) thing

[Timberridge]

Wall Street engaging in shady behavior is a conspiracy theory now?

Even if you don't buy the short ladder theory, there's zero doubt that restrictions even on cash accounts happened. That's shady AF.

If you think the game is rigged, don't play. I think the Casino Royale reference someone made a couple pages back is brilliant.

The Robinhood crowd should understand something. And this applies to everything, not just trading accounts. If you're getting something for free, don't expect the same level of service as if you are paying. You should understand that in return for "free," there are people like K to the G getting a window into your trading courtesy of RH's business model.

And as far as trading restrictions. There are some large trading desks out there that currently won't trade a certain list of stocks (GME among them) with RH because their internal Risk and Compliance Dept's won't let them. If your counterparties won't trade with you, you have to restrict trading. It's not a conspiracy, it's counterparties doing a risk CYA.

[Benny Profane]

A few adults in the room.

https://ritholtz.com/2021/02/a-minor...-tv-storyline/

[TahoeJ]

If you think the game is rigged, don't play.

Well, the overall system is rigged and the SEC is a joke. You just have to choose your spots. I've never used RH for the record, always traded with Fidelity (who are their own clearing house).

Anyway, I'm covered and just letting the house money ride... whatever, we'll see what happens.

Edit: I should clarify that RH restrictions are not shady, but some of the self clearing firms adding restrictions (like TD Ameritrade / Schwab) absolutely was IMO. They didn't need to go get additional credit.

[Timberridge]

For most people the spot is a low load S&P index fund. If you want to play in the high volatility wild west part, expect excitement. I'd suggest microcap biotech if you need a regular dose of excitement.

[kathleenturneroverdrive]

Conspiracy theories and investing. What could possibly go wrong.

This is what drove me to bail. The information was pretty aligned for a while there, but late last week things went haywire with so many conspiracy theories, and it's only gotten worse.

(of course, if you're still in GME good for you, I hope you get rich off this)

[4matic]

Well, the overall system is rigged and the SEC is a joke. You just have to choose your spots. I've never used RH for the record, always traded with Fidelity (who are their own clearing house).

Anyway, I'm covered and just letting the house money ride... whatever, we'll see what happens.

Edit: I should clarify that RH restrictions are not shady, but some of the self clearing firms adding restrictions (like TD Ameritrade / Schwab) absolutely was. They didn't need to go get additional credit.

Have you read Fidelities trading rules for cash accounts?

[TahoeJ]

Have you read Fidelities trading rules for cash accounts?

I'm honestly not all that concerned about it. It's not like I frequently day trade on the regular, mostly make longer term investments. What specifically are you referring to?

[Timberridge]

(of course, if you're still in GME good for you, I hope you get rich off this)

We're on to silver now. GME is so yesterday's trade.

[4matic]

Bounce will create hope. Look, it's up 100% from the low!

[kathleenturneroverdrive]

We're on to silver now. GME is so yesterday's trade.

LOL. That's like conspiracy theory #1,459 in all this shit

[JimmyCarter]

Bounce will create hope. Look, it's up 100% from the low!

Buy buy buy!

Sent from my SM-G935P using TGR Forums mobile app

[Timberridge]

Hope springs eternal. Unless you're Glademaster. That dude makes Benny seem like Tony Little.

[Bunion 2020]

[JimmyCarter]

Hope springs eternal. Unless you're Glademaster.

Hey, if you had listened to my last post you'd be up 10% already!

Sent from my SM-G935P using TGR Forums mobile app

[JimmyCarter]

Hey, if you had listened to my last post you'd be up 10% already!

Sent from my SM-G935P using TGR Forums mobile app

and now you'd be down 8 percent!

[BmillsSkier]

Hey, if you had listened to my last post you'd be up 10% already!

Sent from my SM-G935P using TGR Forums mobile app

and now you'd be down 8 percent!

Just too good not to quote.

[JimmyCarter]

Just too good not to quote.

If you found my last buy recommendation compelling, the current price will also seem very attractive, as the upside potential is even greater than before!

[Mazderati]

[pureantigravity]

[BmillsSkier]

If you found my last buy recommendation compelling, the current price will also seem very attractive, as the upside potential is even greater than before!

Are you trying to tell me a bunch of unaffiliated memers couldn't hold it together long enough before individual best interests took over and people starting taking profits?

I for one am shocked.

(That said I'm still subscribed to your stock feed now)

[JimmyCarter]

Are you trying to tell me a bunch of unaffiliated memers couldn't hold it together long enough before individual best interests took over and people starting taking profits?

I for one am shocked.

(That said I'm still subscribed to your stock feed now)

New recommendation: ATAC.U SPAC

They’re merging with Owl Rock Capital and Dyal. Dyal owns stakes in a bunch of hedge and private equity funds, and those fuckers are ruthless (and they print money!). They can easily squash any retail rebellion!

Disclosure: I actually am long ATAC.

[MontuckyFried]

Well that was a fun and hilarious ride. GME is still WAAAAAAYYYYYYY up from where they used to be. Does this mean they now have access to new capital to start blowing and going, or will they still be just as broke as before? I don't know how this stuff works, but it does seem that this would be a most excellent opportunity for them to re-invent themselves and maybe become a more successful brand? I'm sure their management is loving the attention either way.

[paulster2626]

Well, the overall system is rigged and the SEC is a joke. You just have to choose your spots. I've never used RH for the record, always traded with Fidelity (who are their own clearing house).

Anyway, I'm covered and just letting the house money ride... whatever, we'll see what happens.

Edit: I should clarify that RH restrictions are not shady, but some of the self clearing firms adding restrictions (like TD Ameritrade / Schwab) absolutely was IMO. They didn't need to go get additional credit.

Me too bro - just hold until $0 or something really high.

...still can't afford that "premium economy" plane ticket yet.

[Timberridge]

Well that was a fun and hilarious ride. GME is still WAAAAAAYYYYYYY up from where they used to be. Does this mean they now have access to new capital to start blowing and going, or will they still be just as broke as before? I don't know how this stuff works, but it does seem that this would be a most excellent opportunity for them to re-invent themselves and maybe become a more successful brand? I'm sure their management is loving the attention either way.

They should consider investing in a skiing and outdoor focused enterprise. One with a robust retail prescence at the Northeast's largest ski area and a passionate forum subscriber base.

[BmillsSkier]

They should consider investing in a skiing and outdoor focused enterprise. One with a robust retail prescence at the Northeast's largest ski area and a passionate forum subscriber base.

I'd visit such a store if it existed.