OT: Stock trading | Page 102 | The Boneyard
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OT: Stock trading

Currently in the process of moving all of my stock from RH to SoFi (which trades as IPOE, and has been placed on the "restricted list" by RH). RH has a $75 transaction fee for stock transfers, and rather conveniently, SoFi now has a $75 transfer bonus for moving your stock to their platform.

RH is such a joke at this point. It's such a shame too because I plugged them to everyone and loved their product. I got about 10 free stocks for referring others to their platform. I now hope they go bankrupt. They had an upcoming IPO in the works, but after all of this I do not foresee that occurring. They will be lucky to be around in 2022.
 
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Stocks are being treated like collectors items now. The value of some of these stocks has nothing to do with the fundamentals or the balance sheets or the company worth. Just like Beanie Babies, Cabbage Patch Dolls, Pokemon cards, etc. - it's a current trend. Beanie Babies are essentially yarn and fabric. Pokemon cards are cardboard. However, just like GME stock, if all of a sudden tons of people want them, they become valuable. IMO, its the same principle. Things are essentially worth whatever people are willing to pay for them, and stocks are no different. Am I wrong here?
 
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XLCenterFan said:
Currently in the process of moving all of my stock from RH to SoFi (which trades as IPOE, and has been placed on the "restricted list" by RH). RH has a $75 transaction fee for stock transfers, and rather conveniently, SoFi now has a $75 transfer bonus for moving your stock to their platform.

RH is such a joke at this point. It's such a shame too because I plugged them to everyone and loved their product. I got about 10 free stocks for referring others to their platform. I now hope they go bankrupt. They had an upcoming IPO in the works, but after all of this I do not foresee that occurring. They will be lucky to be around in 2022.
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How long does it take to move over?
 
CTBasketball said:
How long does it take to move over?
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SoFi, the company that initiates the transfer on your behalf, once you give them your info from RH, says it takes 1-2 weeks to complete. I did some research and most places/people say it takes closer to 1 week.
 
XLCenterFan said:
SoFi, the company that initiates the transfer on your behalf, once you give them your info from RH, says it takes 1-2 weeks to complete. I did some research and most places/people say it takes closer to 1 week.
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That’s the dilemma I’m in. There’s a chance GME/AMC pops this week - all my funds would be tied up.
 
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CTBasketball said:
That’s the dilemma I’m in. There’s a chance GME/AMC pops this week - all my funds would be tied up.
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If you’re on RH does it even matter? Haven’t they put limits on the amount of shares of those stocks we can buy? The other day I was limited to buying 1 share of some of these companies, and the days before that, zero!!!
 
t
XLCenterFan said:
If you’re on RH does it even matter? Haven’t they put limits on the amount of shares of those stocks we can buy? The other day I was limited to buying 1 share of some of these companies, and the days before that, zero!!!
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the fear is that the squeeze starts happening while your funds are in limbo and you can't sell them.

people will be left holding the bag and if you can't move your money then you're screwed
 
XLCenterFan said:
Stocks are being treated like collectors items now. The value of some of these stocks has nothing to do with the fundamentals or the balance sheets or the company worth. Just like Beanie Babies, Cabbage Patch Dolls, Pokemon cards, etc. - it's a current trend. Beanie Babies are essentially yarn and fabric. Pokemon cards are cardboard. However, just like GME stock, if all of a sudden tons of people want them, they become valuable. IMO, its the same principle. Things are essentially worth whatever people are willing to pay for them, and stocks are no different. Am I wrong here?
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Check out rational market hypothesis.
Stocks aren’t overvalued or undervalued. They are valued perfectly. There is no beating the market the market is efficient. There is only getting lucky with the timing or getting in or out based on where you believe the company is going.

What is something worth? What someone is willing to pay for it. It is just paper.

gamestop is worth exactly what it should be because there are buyers at the price it is at. Is it driven by fundamentals? No. But it can’t be overvalued if people can’t acquire the needed shares. WsB did this brilliantly. They essentially took shares off the market.

The Big Hold is the next book.

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JMick said:
t

the fear is that the squeeze starts happening while your funds are in limbo and you can't sell them.

people will be left holding the bag and if you can't move your money then you're screwed
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True. I am not worried about the "RH-Reddit stocks though." I am completely out of them. Whatever I own now is much, much less volatile, and are long-term plays that I intend to hold. Temporarily not being able to sell is not going to be an issue for me.
 
Hi everyone Ive been following the silver market for over 25 years now. In short purchasing en masse (via massive public and private purchases) of silver is required to then cause dealers and wholesalers to hedge their positions on the COMEX markets, thus causing price increases. As we know human psychology is to BUY BUY BUY as we a commodity/equity going up in price. If enough momentum is gained at the beginning then silver should see 35/ounce in no time and while this will fluctuate wildly, ppl will buy the dips hard and this will go to the moon. If not looking at CPI but rather shadowstats inflation data, 1980s silver of 55/ounce would equate to ~ 1000.00/ounce now. Zerohedge article is on point. Will it ever reach fair market value. No, because in short JPM has over a billion ounces of physical amassed during its constant shorting, that they will dump the market will silver eventually to crash the price. Will silver reach 100?? Probably , 250??? Maybe, 1000?? I wouldnt bet my life on it. If anyone has questions let me know.
 
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UCPharma11 said:
Hi everyone Ive been following the silver market for over 25 years now. In short purchasing en masse (via massive public and private purchases) of silver is required to then cause dealers and wholesalers to hedge their positions on the COMEX markets, thus causing price increases. As we know human psychology is to BUY BUY BUY as we a commodity/equity going up in price. If enough momentum is gained at the beginning then silver should see 35/ounce in no time and while this will fluctuate wildly, ppl will buy the dips hard and this will go to the moon. If not looking at CPI but rather shadowstats inflation data, 1980s silver of 55/ounce would equate to ~ 1000.00/ounce now. Zerohedge article is on point. Will it ever reach fair market value. No, because in short JPM has over a billion ounces of physical amassed during its constant shorting, that they will dump the market will silver eventually to crash the price. Will silver reach 100?? Probably , 250??? Maybe, 1000?? I wouldnt bet my life on it. If anyone has questions let me know.
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Yup on JP Morgan manipulating the price of silver and gold. I heard that on a podcast a few months ago. I’ll to find the podcast.

how long until $ SLV starts to run/rise? Is $ SLV the one we should be focusing on?
 
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