I've read somewhere that Fidelity/Vanguard and co control 30% in passive investments, and Ryan Cohen has 12%, so almost half of the stocks are unsellable (though Fidelity/Vanguard might rebalance stuff at the end of the month, which means selling some of their stock there).I have been following this story with great fascination.
What if Gamestop insiders sell? Not sure they are allowed to at the moment, but if they do it could be the end of the squeeze. Or at least dampen it.
It is beautifulIt's magical watching capitalism being shafted by itself then getting upset about it.
One thing I'm finding very funny about all of it, is that the underlying motive of nearly all of these joe public saviours of the free market is greed and personal gain. The Trumper-esque rhetoric about sticking it to the man and blah blah blah, followed by another post talking about how much they're up, and how much they hope to gain from selling. Put any of them in the same position as these evil hedge funds and they're doing the exact same thing. It reeks of hypocrisy.
This image genuinely won't load for me for some reason, but I feel like it's the 'but you take part in the system; I am very smart' meme. Just to be clear, I don't care about what he's doing at all, I'm doing it myself, but let's just be clear about the reasons behind doing it.
You sound like a crazy marxistThis image genuinely won't load for me for some reason, but I feel like it's the 'but you take part in the system; I am very smart' meme. Just to be clear, I don't care about what he's doing at all, I'm doing it myself, but let's just be clear about the reasons behind doing it.
I have, which will surprise you not a little, been speculating partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and
unimaginable joint stock enterprise), are forced up to a quite unreasonable level and then, for most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It's a type of operation that makes small demands on one's time, and it's worth while running some risk in order to relieve the enemy of his money."
Karl Marx letter to Lion Philips.
You're a bit too high brow for me. I need a sarcastic lefty meme translator possibly.You sound like a crazy marxist
There is a mandatory buying of 7M stocks tomorrow if the stock stays above $115. I am not sure who is going to buy it (I assume JPMorgan, but could be wrong) which is gonna set the price up again.
I don't think that Wall Street's pain has already ended. And it is unclear if Melvin has really gone out. They said so yesterday probably to set the price down, after all, that came only a couple of days after they said that 'they do not comment on their holdings'.
So Robinhood has now stopped taking bets on GME et al. Interesting, I wonder why.
Here's a thread on a less than altruistic possibility:
I know it goes against the grain of popular opinion but they are protecting themselves here, not the hedge funds. When the price goes back down it will be well below the current price. I have said this already but when it eventually crashes, you will not be able to sell. If you buy in now, you will lose most of your investment. They have a duty to protect their clients and allowing this to happen would open them up to all kinds of scrutiny.
Debating going into BB, AMC or even GME. They are all down today by 15-30% from what I can see. Especially in GME's case I would expect to see a big peak tomorrow. Could potentially get out ahead as long as you dont get too greedy and HODL for too long.
The memes are the only way I'm gleaning any information from this whole thing because if I try to watch a video on the stock market I zone out.The memes coming out are just gorgeous...
If I could give any less of a feck about Melvin and Fidelity I would, but I'm a little worried about the retail investors who jumped on the bandwagon late and will likely get murdered when the price inevitably corrects. I hope they're only putting money in they can afford to, just for the shits and giggles.
They're the same people. They may have different names and live in different houses but they're the same guy.
They went to the same schools and they drink in the same bars. Their sense of entitlement and superiority is the same and their shills on the news networks and online media are reading off the same playsheet.
Is it normal for the MarketWatch ticker for GME not to be working at all? Every other ticker seems to be fine but GME is getting a 500 page error.
How come BlackBerry and Nokia are tanking?
Good time to buy in?Because some brokers have dropped buying on certain tickers. You can sell, but you can't buy, so the shares are going nowhere.
Robinhood (among others) banned buying those stocks. You can only sell them (most likely those stocks get bought from the shorts), which is tanking the price. They did this with GME, NOK, BB, AMC among others.How come BlackBerry and Nokia are tanking?
Good time to buy in?
Good time to buy in?