Author Topic: New To Investing Thread (Read 333561 times)

star seed 7 · « **Reply #3250 on:** January 28, 2021, 11:00:36 AM »

Like, the whole idea of borrowing stock seems like a giant loop hole, but I am admittedly a total market rube

Dugout DickStone · « **Reply #3251 on:** January 28, 2021, 11:07:38 AM »

Quote from: chum1 on January 28, 2021, 10:03:15 AM

Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

IPA4Me · « **Reply #3252 on:** January 28, 2021, 11:08:08 AM »

Shorts are fine. Being able to short more than there is total stock is dumb.

chum1 · « **Reply #3253 on:** January 28, 2021, 11:17:43 AM »

Quote from: Dugout DickStone on January 28, 2021, 11:07:38 AM

Quote from: chum1 on January 28, 2021, 10:03:15 AM
Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

That happens every day. It's like a timeout to help prevent shenanigans or panic trading. It doesn't discriminate between big guys and small guys.

Spracne · « **Reply #3254 on:** January 28, 2021, 11:19:10 AM »

If every day were like today, I would quit my job tomorrow and just day trade. $$

star seed 7 · « **Reply #3255 on:** January 28, 2021, 11:20:11 AM »

Quote from: chum1 on January 28, 2021, 11:17:43 AM

Quote from: Dugout DickStone on January 28, 2021, 11:07:38 AM
Quote from: chum1 on January 28, 2021, 10:03:15 AM
Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

That happens every day. It's like a timeout to help prevent shenanigans or panic trading. It doesn't discriminate between big guys and small guys.

The problem is that the big guys are still able to trade

kim carnes · « **Reply #3256 on:** January 28, 2021, 11:20:26 AM »

Quote from: catastrophe on January 28, 2021, 10:53:51 AM

Maybe someone can provide a “shorting for dummies” to make sure we’re all on the same page.

Cause I fundamentally don’t understand how the big guys can be actively hurt by a stock being up over the course of a week.

Google both short squeeze and margin call

wetwillie · « **Reply #3257 on:** January 28, 2021, 11:22:19 AM »

Quote from: chum1 on January 28, 2021, 11:17:43 AM

Quote from: Dugout DickStone on January 28, 2021, 11:07:38 AM
Quote from: chum1 on January 28, 2021, 10:03:15 AM
Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

That happens every day. It's like a timeout to help prevent shenanigans or panic trading. It doesn't discriminate between big guys and small guys.

The market halting trading and a specific platform halting trading are two different things. A no fee platform catering specifically to retail investors getting shut down that also happens to be backed by the funds getting murdered on their short positions is definitely not hurting both sides equally.

IPA4Me · « **Reply #3258 on:** January 28, 2021, 11:24:41 AM »

Quote from: wetwillie on January 28, 2021, 11:22:19 AM

Quote from: chum1 on January 28, 2021, 11:17:43 AM
Quote from: Dugout DickStone on January 28, 2021, 11:07:38 AM
Quote from: chum1 on January 28, 2021, 10:03:15 AM
Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

That happens every day. It's like a timeout to help prevent shenanigans or panic trading. It doesn't discriminate between big guys and small guys.

The market halting trading and a specific platform halting trading are two different things. A no fee platform catering specifically to retail investors getting shut down that also happens to be backed by the funds getting murdered on their short positions is definitely not hurting both sides equally.

Bingo

Sent from my moto g power using Tapatalk

steve dave · « **Reply #3259 on:** January 28, 2021, 11:26:30 AM »

we seem to have some broad consensus on this one lmao

https://twitter.com/tedcruz/status/1354833603943931905

Dugout DickStone · « **Reply #3260 on:** January 28, 2021, 11:27:31 AM »

Quote from: star seed 7 on January 28, 2021, 11:20:11 AM

Quote from: chum1 on January 28, 2021, 11:17:43 AM
Quote from: Dugout DickStone on January 28, 2021, 11:07:38 AM
Quote from: chum1 on January 28, 2021, 10:03:15 AM
Who is shutting down who and who is benefitting from it?

I mean, there are tons of posts of various private entities preventing trading of AMC and GME

That happens every day. It's like a timeout to help prevent shenanigans or panic trading. It doesn't discriminate between big guys and small guys.

The problem is that the big guys are still able to trade

yeah, this is the problem

chum1 · « **Reply #3261 on:** January 28, 2021, 11:28:51 AM »

The suggestion is that there is some sort of coordination going on between the big guys and someone somewhere.

Often enough, there is. I don't see it here.

wetwillie · « **Reply #3262 on:** January 28, 2021, 11:30:09 AM »

Quote from: steve dave on January 28, 2021, 11:26:30 AM

we seem to have some broad consensus on this one lmao

https://twitter.com/tedcruz/status/1354833603943931905

Lmao they are mumped

chum1 · « **Reply #3263 on:** January 28, 2021, 11:30:22 AM »

I just checked and I can buy GME and AMC. I'm not a big guy.

steve dave · « **Reply #3264 on:** January 28, 2021, 11:35:46 AM »

Quote from: wetwillie on January 28, 2021, 11:30:09 AM

Quote from: steve dave on January 28, 2021, 11:26:30 AM
we seem to have some broad consensus on this one lmao

https://twitter.com/tedcruz/status/1354833603943931905

Lmao they are mumped

consensus has somehow broadened further lmao

https://twitter.com/litcapital/status/1354839492637679616

steve dave · « **Reply #3265 on:** January 28, 2021, 11:36:40 AM »

actually, consensus probably doesn't include a lot of the middle part which makes it not a consensus.

chum1 · « **Reply #3266 on:** January 28, 2021, 11:38:53 AM »

Populists unite! Sys will be thrilled.

yoga-like_abana · « **Reply #3267 on:** January 28, 2021, 11:49:59 AM »

Quote from: mocat on January 28, 2021, 10:20:13 AM

lol

https://twitter.com/jarule/status/1354812123080138759?s=19

Its MURRDDDDAAAAAA

IPA4Me · « **Reply #3268 on:** January 28, 2021, 12:04:29 PM »

Quote from: chum1 on January 28, 2021, 11:30:22 AM

I just checked and I can buy GME and AMC. I'm not a big guy.

What platform are you using?

catastrophe · « **Reply #3269 on:** January 28, 2021, 12:06:40 PM »

Quote from: star seed 7 on January 28, 2021, 10:55:54 AM

Quote from: catastrophe on January 28, 2021, 10:53:51 AM
Maybe someone can provide a “shorting for dummies” to make sure we’re all on the same page.

Cause I fundamentally don’t understand how the big guys can be actively hurt by a stock being up over the course of a week.

This helped me a lot. It's one of those things that when I read about it's understandable but I can never retain the knowledge.

https://twitter.com/_jimmykelly/status/1354600999835607041?s=19

This is missing the timing part for me. Yeah, you gotta pay it back at some point, but why wouldn’t you just hold for now? Are they honestly concerned that the investors will prop up GameStop for years to come.

steve dave · « **Reply #3270 on:** January 28, 2021, 12:12:37 PM »

Silver Lake you dumbasses lmao

chum1 · « **Reply #3271 on:** January 28, 2021, 12:13:34 PM »

Quote from: IPA4Me on January 28, 2021, 12:04:29 PM

Quote from: chum1 on January 28, 2021, 11:30:22 AM
I just checked and I can buy GME and AMC. I'm not a big guy.
What platform are you using?

Interactive Brokers

steve dave · « **Reply #3272 on:** January 28, 2021, 12:16:12 PM »

Options

https://twitter.com/ibkr/status/1354792600004386818

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star seed 7 · « **Reply #3273 on:** January 28, 2021, 12:23:25 PM »

I tried to open a self directed account though my bank where I already have a managed portfolio and they are down for "maintenance" right now and also have a message that you need to call them to do any trades. Seems sus

kim carnes · « **Reply #3274 on:** January 28, 2021, 12:25:43 PM »

You can still trade it on a lot of brokerages. I’m not sure why anyone would use robinhood given the issues they’ve had in the past. Like every brokerage has free trades now.