stock market was up today...

[volfanhill]

I have a coinbase account and cant buy it on there. What site sells it?

I can think of nothing dumber then trying to make money off this now. Good luck.

 

[DancingOutlaw]

So the main dude pushing GME put in $50K in 2019 and now has $40M. JFC.

 

[mr.checkerboards]

I have a coinbase account and cant buy it on there. What site sells it?

Im on Robinhood, but good luck getting the site to work for more than 5 minutes.

 

[Rasputin_Vol]

https://www.reddit.com/r/wallstreetbets/comments/l7f95j/ladies_and_gentlemen_we_got_them/

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.

I saw an unsubstantiated post from a user (u/zshub) who said a market sell order executed at $2600 for him. Also, someone else for over $5,000 per share. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.

How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.

 

[volfanhill]

Everyone does realize that this will crash hard right? Yes you screwed some hedge funds over. A ton of stupid people will lose their ass.

 

[DrRosenRosen]

I have a coinbase account and cant buy it on there. What site sells it?

Binance.us
Kraken.com

 

[DancingOutlaw]

Everyone does realize that this will crash hard right? Yes you screwed some hedge funds over. A ton of stupid people will lose their ass.

Their theory atm is if they hold the line and refuse to sell the hedge funds attempting to cover hit a wall of basically infinite price and die. I have zero dogs in this fight but I'm really looking forward to seeing what happens.

 

[mr.checkerboards]

Everyone does realize that this will crash hard right? Yes you screwed some hedge funds over. A ton of stupid people will lose their ass.

That's why I haven't gone to bed yet. If it tanks hard im out

 

[Velo Vol]

I can think of nothing dumber then trying to make money off this now. Good luck.

Gambling is fun.

 

[Grand Vol]

lol

 

[NEO]

This is bad no matter who wins.

No matter what, I see public filings of shorting being nixed in the future to protect the hedge funds. Otherwise, this will happen again and be even bigger.

 

[RikidyBones]

And the lamb has now told the lion to eff off.

Shes a child and has no business being in the position she's in with such a sophomoric mentality.

 

[Velo Vol]

Another win for the little guy

 

[Thunder Good-Oil]

Shes a child and has no business being in the position she's in with such a sophomoric mentality.

The frightening thing is that she has an eye on getting into a seat on the other side of the Capitol. God help us if the extreme, radical Left ever gets that much power.

 

[Thunder Good-Oil]

This is bad no matter who wins.

No matter what, I see public filings of shorting being nixed in the future to protect the hedge funds. Otherwise, this will happen again and be even bigger.

Too bad they won’t likely do the logical thing and establish limits on shorting or at least severely punish those that ignore the existing rules.

 

[hog88]

Too bad they won’t likely do the logical thing and establish limits on shorting or at least severely punish those that ignore the existing rules.

Logic and the .gov doesn’t coexist.

 

[ajvol01]

Too bad they won’t likely do the logical thing and establish limits on shorting or at least severely punish those that ignore the existing rules.

Is it true that more shares were shorted than existed?

Shouldn’t that be impossible if not illegal?

 

[Thunder Good-Oil]

Is it true that more shares were shorted than existed?

Shouldn’t that be impossible if not illegal?

That’s the word on GME. 138%. It is illegal and THAT should be the first issue addressed by the .gov instead of throttling the Reddits and Robin Hooders.

 

[Ttucke11]

I made a quick $250 last night off of Dogecoin. Jumped from 4 cents to 8 cents in less than 2 hours. Just threw a little at it mainly because I was entertained by the crazy Redditors and dipped out.

 

[red butler]

.

 

[Vol737]

They’re at it again today...

 

[Grand Vol]

They’re at it again today...

View attachment 346661

Maybe they should help Sears out?

 

[Ttucke11]

I can't wait for the Biden brain trust to address this. He better toe the line or his mob will get pointed back at him.

 

[hog88]

I can't wait for the Biden brain trust to address this. He better toe the line or his mob will get pointed back at him.

Team Biden will side with the Hedges and his voters won't give 2 ***** about it.

 

[Ttucke11]

Team Biden will side with the Hedges and his voters won't give 2 ***** about it.

Maybe I'm being naive for once, but I think some people are about to get a big red pill over all of this when that happens.