This is how you win.
Sneaky and nasty—they said “no rules”, now they get “no rules”.
It was a flash mob.
Akin to teens ransacking a shopping mall.
They are moving on to Gold and Silver ETFs. We may yet see the real price of Gold and Silver, not the current manipulated prices.
See AG this morning for instance.
It has been a wild day for GME.
Pre market high was $496
Regular market low was $112
Regular market high was $483
Currently trading at $265-—down $82
DOGE (literally Dog Coin!) was also fun this morning. Bought $0.01477, sold $0.02401, insane quick profit, but stupid Robinhood could not put through my sales at higher prices.
So far it’s not a bad thing. But when the stock crumbles the winners will be losers.
Margin Call Gentlemen.
If Gamestop isn’t worth that much then what’s the point?
Now I get to learn about this new Robin Hood Exploit, it should be an interesting lesson.
These guys bought shares outright in GME and foiled the plans of the elite hedge fund managers who borrowed stocks to sell short. If they are going to subpoena these Reddit guys communications then they damned well better subpoena the communications of the hedge fund guys.
“The Times They Are A-Changin’”
Come gather ‘round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You’ll be drenched to the bone
If your time to you is worth savin’
Then you better start swimmin’
Or you’ll sink like a stone
For the times they are a-changin’
Come writers and critics
Who prophesize with your pen
And keep your eyes wide
The chance won’t come again
And don’t speak too soon
For the wheel’s still in spin
And there’s no tellin’ who that it’s namin’
For the loser now
Will be later to win
For the times they are a-changin’
Come senators, congressmen
Please heed the call
Don’t stand in the doorway
Don’t block up the hall
For he that gets hurt
Will be he who has stalled
The battle outside ragin’
Will soon shake your windows
And rattle your walls
For the times they are a-changin’
Come mothers and fathers
Throughout the land
And don’t criticize
What you can’t understand
Your sons and your daughters
Are beyond your command
Your old road is rapidly agin’
Please get out of the new one
If you can’t lend your hand
For the times they are a-changin’
The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is rapidly fadin’
And the first one now
Will later be last
For the times they are a-changin’
It certainly beats having to hang the banksters from lampposts.
Reminds me of the movie Trading Places.At the end the stock market guy says “Margin call gentleman” One of the Duke brothers says “You know perfectly well we don’t have $350,000,000 in cash” and they lose everything.Love seeing these wall street billionaires take one across the chops.
This ,plus poverty, is why I don’t mess with stocks.😝
there is nothing wrong with a hedge-fund betting against a company
that the HF thinks is dying
or not
please discuss
I just tried to ‘short sell’ GME on my Schwab account and got this message from Schwab:
“””Your request to enter a short sale cannot currently be processed, as there are not sufficient shares available.”””