OT: Stock trading | Page 90 | The Boneyard
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OT: Stock trading

Jay-Bone said:
Vive la resistance! A resurgence or dead cat bounce?
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I have no idea how this will play out. I could see this backfiring and reinvigorating WSB investors. At the back of all of this is that if these folks just maintain, the price will go up with some of these shorts expiring on Friday.
 
Hurleyman216 said:
I think large hedge funds and others who "short" are kind of dumb. It's more like gambling than investing. It's the equivalent of going into a casino and finding a drunk guy playing $500 blackjack hands and back betting on him. If you're betting the market will go down, you're essentially betting against the house. That being said hedge funds have made a ton of $$ over the years off of this kind of stuff, but letting a bunch of kids living in their parent's basement manipulate stocks like this is insane. It will come to a stop one way or the other, but I hope something comes of this because there is literally nothing to keep these idiots from running a stock way up and then cashing it out and letting it crash. Not sure how they'll regulate it, but until these guys lose their shirts off doing this kind of stuff they aren't going to learn their lesson. I'm not saying I'm in favor of hedge funds, but I think this short term stock manipulation is a joke.
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No idea how you regulate this (within the scope of the first amendment) without heavily regulating the ability of these hedge funds to enter into such staggering short positions on companies. And not for nothing, but how on earth do you prove market manipulation for a single anonymous poster on a message board full of a couple million anonymous posters?
 
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Matrim55 said:
Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.

I took a small position just so I could be part of the fun.
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Allegedly there is a ridiculous amount of sells for 420.69.

So if anyone here has it, I’d put a sell in for at least 420.68 lol
 
I am pretty illiterate when it comes to the market. I have mastered the art of not looking at my account on days like today but all of this drama seems like it could lead to....disaster? My Roth is in VTSAX and I put some money in the S&P fund and VGT last spring. It's been the bright spot of the disastrous last year. Is it all about to go to hell? Was this Reddit-Gameplan story the only reason it dropped like a rock today or a combo of factors?
 
Matrim55 said:
Resurgence. People are going to be euphoric they survived this and know they're only two days of trading away from taking down Melvin and Citron. Bet it goes up to 420.69 tomorrow.

I took a small position just so I could be part of the fun.
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Its going to be armageddon tomorrow morning. The horde is mad they banned WSB and their discord.
 
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UcannUconn said:
Investors/banks get together all the time to squeeze shorts. You’re not allowed to do in on a message board, it needs to be done in private?
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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.
 
husky429 said:
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.
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The single advantage the little guy has in this situation is the general unpopularity of Wall Street. Regulating retail investors in favor of the big institutional players will have a steep political cost. People already perceive the game to be rigged.
 
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goskis2018 said:
The single advantage the little guy has in this situation is the general unpopularity of Wall Street. Regulating retail investors in favor of the big institutional players will have a steep political cost. People already perceive the game to be rigged.
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Certainly hope so!
 
StllH8L8ner said:
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.
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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.
 
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casual-yardin said:
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.
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Imagine that, fiduciary responsibility and reasonable risk containment.
 
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