OT: Stock trading

[casual-yardin]

I logged in to TD this morning and got a pop up that GME and AMC were being restricted. I didn't try to buy any but wondered what the restrictions were. If they're not allowing people to trade certain tickers, that's beyond wrong.

Did you bother to read the pop up? The restrictions apply to maintenance requirements and short selling, both of which apply when you are trading on margin, i.e. borrowing money from TD.

 

[Da_Aisijimo_Gou]

Did you bother to read the pop up? The restrictions apply to maintenance requirements and short selling, both of which apply when you are trading on margin, i.e. borrowing money from TD.

Imagine that, fiduciary responsibility and reasonable risk containment.

 

[UConnSwag11]

What stocks look good outside the Reddit plays?

$nakd. I had it in the .30s and sold and now it’s over $2.00

 

[XLCenterFan]

$GME down 30% AH already lmfao. The charade is over. My puts will be printing money tomorrow

Not so fast...it came roaring back. Almost hit 500

 

[XLCenterFan]

$nakd. I had it in the .30s and sold and now it’s over $2.00

I had 1000 at like .10...sold at 1.00. Sad.

 

[UConnSwag11]

Gme and amc ripping

 

[Deepster]

Gme and amc ripping

This whole Reddit/barstool/Twitter movement has been interesting to watch. I have GME and AMC up and watching them like a hawk.

 

[UConnSwag11]

Once the People of Sherwood Forest wake up everything should rip

 

[StllH8L8ner]

Did you bother to read the pop up? The restrictions apply to maintenance requirements and short selling, both of which apply when you are trading on margin, i.e. borrowing money from TD.

Yes, I did thank you and it said none of that.

 

[UConnSwag11]

This whole Reddit/barstool/Twitter movement has been interesting to watch. I have GME and AMC up and watching them like a hawk.

I love it. Even without this, people are doing very well investing on their own. Granted the market is detached from reality, but still

 

[CTBasketball]

I love it. Even without this, people are doing very well investing on their own. Granted the market is detached from reality, but still

I’m debating pulling from Express and Tanger - putting it on Naked. $2.xx is still change I think we could see it jump to 5-6 today. Dunno tho.

Is anyone holding Nokia?

 

[WrenchFan69]

$GME down 30% AH already lmfao. The charade is over. My puts will be printing money tomorrow

Aaand it's recovered and is up well above ATH in PM. Woops

 

[aburks41]

Aaand it's recovered and is up well above ATH in PM. Woops

Pain

 

[CTBasketball]

Aaand it's recovered and is up well above ATH in PM. Woops

Contrary to what the media says, Melvin capitol did not liquidate their short positions. The stock is still well over 100% short.

 

[Jay-Bone]

AAL next? It went from $15 to above $19 in 2 days while other airlines barely moved.

It was a meme in July.

 

[CTBasketball]

AAL next? It went from $15 to above $19 in 2 days while other airlines barely moved.

It was a meme in July.

I’d just stay on AMC, GME, NOK, BB, EXPR, and BBBY because the more pressure the better.

 

[huskyinfl]

Contrary to what the media says, Melvin capitol did not liquidate their short positions. The stock is still well over 100% short.

Friday will be crazy

 

[Jay-Bone]

I’d just stay on AMC, GME, NOK, BB, EXPR, and BBBY because the more pressure the better.

Maybe they're diversifying, lol. Surprise attack on something else that wall streets isn't expecting. AAL now up 31%.

 

[WhereistheDove?]

WSB is out for blood this morning.

 

[Jay-Bone]

Maybe they're diversifying, lol. Surprise attack on something else that wall streets isn't expecting. AAL now up 31%.

46%

 

[the Q]

I haven't really posted in this thread... kind of like to think of work and money separate from my hobbies. But yeah,, I'm sure they'll regulate it somehow because guys with Robinhood accounts don't have the kind of political lobbying capital hedge funds do, but you're hitting the nail on the head here imo. Market manipulation is market manipulation. Just cause you wear a suit when you do it doesn't mean it should be legal.

Right. This probably is wrong/illegal but because of the underdog story and political capital it may get ignored

 

[JohnFSilver]

Right. This probably is wrong/illegal but because of the underdog story and political capital it may get ignored

Can you regulate an unorganized message board? If the guys at WSB are telling people what to do, and it is open to everyone to read, there are free speech issues with saying they can't do this. They aren't taking their money and doing this. Also, they aren't themselves investing the money. It is a message board. Unless there is a coordinated effort to pump and dump, which doesn't appear to be the case, then i am not sure how it is manipulation.

They took data, found an inefficiency in the market, and recommended that money can be made by putting on a short squeeze on. I think that is fair. Hedge funds shouldn't expose themselves to that.

You play the game, you sometimes lose. Just because you are "important" doesn't innoculate you from the irrationality of the market.

 

[UConnSwag11]

OMG all services are restricting buying of AMC and GME

 

[Deepster]

Robinhood will not allow any purchases of GME, NOK or AMC right now. Only sales. Trying to get the public to panic. I hope the hedge funds get massacred today.

 

[UConnSwag11]

Robinhood will not allow any purchases of GME, NOK or AMC right now. Only sales. Trying to get the public to panic. I hope the hedge funds get massacred today.

yup. they kicked the hornest nest yesterday. They don't know what they woke up with this