Economy stonks v14, brokergate

GreenGorilla said:
Can't hate on that he did use the internet to his advantage.
You think Bitcoin is going to go up high?
Everybody is getting into it cause of Elons tweet, even the normies I know who never were interested in Crypto are all of a sudden super into it.
I still regret to this day not getting into it when I saw people talking about it back before it blew up
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I regret not signing up and getting like 1000 free bitcoin back in the day.
 
tonni said:
I regret not signing up and getting like 1000 free bitcoin back in the day.
Click to expand...
When I first heard about it, was when some guy paid for a pizza with like 20 bitcoins.
1000 Bitcoins and you would never have to worry about money every again in your life, would drop uni and everything buy a house in bali and open up a restaurant or whatever.
The could ofs hurt the most.
 
brackis1 said:
People think them being denied margin loans to buy $400/shares of shitty companies is "wall street fucking them over like in 2008" when it's literally the opposite and they're being saved from total collapse.
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This may be true for the nostalgia stocks that are 1/10th at best the current value they’re being pumped to. However, the list of limited stocks includes plenty that aren’t shitty that were having great runs that were cut short due to that bullshit. What’s your take on that? One of my biggest runners being Novavax. What possible reason could they have for restricting someone from buying that stock? You’re saving me from making money? Yea, no thanks.
 
rob mafia said:
tl;dr - you're all being hoodwinked.

it's not about revenge or social justice or occupy wall street, it's just a bunch of traders pulling off a short squeeze.

the problem is that since the "msft 200" meme (when we realized we could move a big market cap from our asshattery), there have been a lot of pump&dumps (and many more attempts) on wsb. the mods are generally good at shutting that down, but the recent shit's out of control. wsb was basically just a bunch of self-proclaimed retards (we'd say it's an anagram of traders) and autists who basically just laughed at their risky bets (and subsequent loss [usually] / gain porn). then jartek (admin) returned after years of absence and made a fake account with fake gains ("wsbgod") and used it to pump interest into wsb and set up pump&dump schemes. the pump&dumps weren't enough, so he wrote a book... about... us (as in, not him), while taking credit for our shit. then he set up a scam (trading instructional site ]) and got another wsb user (stormwillpass, who sadly was the general of theta gang [i'm theta gang] ) in on it, fleecing morons out of $. thennnnnnnnnnnn they set up a 1 day trading competition ppv with a prize that was... illegal as hell. people revolted, a lot of mods got kicked, and dissenters were banned.

the mods were able to get reddit involved and overthrew jartek, restoring wsb to the trading asshattery glory.

months went by

then the top mod (who was basically idle for... years [and was either a friend of jartek's or jartek, himself] ) decided to make an official twitter account. and posted shady shit. we hated it/him and pressured him to shut the fuck up/deactivate the twitter, as it was trying to set up more pump&dumps (as well as being cringey and asinine), most notably... on gme. this was like 10 days ago.

citron starts shit talking wsb

now it's melvin/citron vs wsb, and wsb has a million subscribers. most of which are n00bs and don't know shit about us/the market/trading.

melvin blows up/citron diededs, overall market takes hits as collateral damage due to shorts having to dump their long positions. cnbc won't shut up about wsb. first villifying (for about 2 weeks), then suddenly pulling a 180 on thursday and acting like it's poors vs billionaires.

wsb gets another million subs. it's hysteria. there's now a narrative that we're heros or some shit. people start jumping in. now there's pump&dump/squeeze attempts on amc, express, nokia, etc. the n00bs just parrot dumb shit they don't understand. the broker's get squeezed by the clearing houses/dtcc increasing the collateral requirements. the morons pretend it's a grand conspiracy from melvin. cue tin foil insanity. worsens on friday.

gme closing over $300 on friday is a big deal, as a ton of money in puts is wiped out. the gamma squeeze is probably about over (probably happened on wednesday), the short squeeze may/may not be done with.

now.




maybe gme will still go up/squeeze. maybe not. i'm just selling far otm puts on it because the IV is like 1000% and it's low-risk free money, although no moonshots for me.

worst for me is that wsb was my favorite sub/site, and it's gone to total shit. we were once known for "guh" and "literally can't go tits up" box spreads (it went tits up), but now is a bunch of clueless fools believing conspiracy theories and pretending they're sticking it to wall st.

i'm just hoping that the clearing houses/dtcc can reverse the collateral requirement increase on the brokers, so trading can go back to normal and the market can stabilize.


tl;dr (yes, a 2nd one) - wsb is now 95% just pump&dumpers, idiots, and 'activists' who think they're sticking it to hedge funds, while being too ignorant to realize that a whole slew of funds are involved in this and most are benefitting (and often, they'll jump at the chance to knock off their competition). nearly everyone's believing some kind of crazy narrative, generally whatever they want to believe.
Click to expand...
If you don’t realize that other hedge funds are making a killing off this you shouldn’t even be trading. Take it a step further, what they accomplished likely couldn’t be done without the help of other hedge funds who wanted to make fuck tons of money at a competitors expense. I agree that a lot of narratives on this are total bullshit but that’s the world we live in. A lot of disinformation out there and people will always want to believe in something like this. I’m definitely not a fan of Andrew Left so I was glad to see him get absolutely wrecked but destabilizing our market was not a good trade off for that.

How long do you think they can keep this up Rob? What do you believe the end goal is? You make WSB sound like a bunch novice investors hopped up on speed and Mountain Dew that somehow were cleared for $10k on margin.
 
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Double posted. Too tired and trying to do 3 things at once.
 
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GreenGorilla said:
When I first heard about it, was when some guy paid for a pizza with like 20 bitcoins.
1000 Bitcoins and you would never have to worry about money every again in your life, would drop uni and everything buy a house in bali and open up a restaurant or whatever.
The could ofs hurt the most.
Click to expand...
Yeah let's never talk about it again.
 
rob mafia said:
tl;dr - you're all being hoodwinked.

it's not about revenge or social justice or occupy wall street, it's just a bunch of traders pulling off a short squeeze.

the problem is that since the "msft 200" meme (when we realized we could move a big market cap from our asshattery), there have been a lot of pump&dumps (and many more attempts) on wsb. the mods are generally good at shutting that down, but the recent shit's out of control. wsb was basically just a bunch of self-proclaimed retards (we'd say it's an anagram of traders) and autists who basically just laughed at their risky bets (and subsequent loss [usually] / gain porn). then jartek (admin) returned after years of absence and made a fake account with fake gains ("wsbgod") and used it to pump interest into wsb and set up pump&dump schemes. the pump&dumps weren't enough, so he wrote a book... about... us (as in, not him), while taking credit for our shit. then he set up a scam (trading instructional site ]) and got another wsb user (stormwillpass, who sadly was the general of theta gang [i'm theta gang] ) in on it, fleecing morons out of $. thennnnnnnnnnnn they set up a 1 day trading competition ppv with a prize that was... illegal as hell. people revolted, a lot of mods got kicked, and dissenters were banned.

the mods were able to get reddit involved and overthrew jartek, restoring wsb to the trading asshattery glory.

months went by

then the top mod (who was basically idle for... years [and was either a friend of jartek's or jartek, himself] ) decided to make an official twitter account. and posted shady shit. we hated it/him and pressured him to shut the fuck up/deactivate the twitter, as it was trying to set up more pump&dumps (as well as being cringey and asinine), most notably... on gme. this was like 10 days ago.

citron starts shit talking wsb

now it's melvin/citron vs wsb, and wsb has a million subscribers. most of which are n00bs and don't know shit about us/the market/trading.

melvin blows up/citron diededs, overall market takes hits as collateral damage due to shorts having to dump their long positions. cnbc won't shut up about wsb. first villifying (for about 2 weeks), then suddenly pulling a 180 on thursday and acting like it's poors vs billionaires.

wsb gets another million subs. it's hysteria. there's now a narrative that we're heros or some shit. people start jumping in. now there's pump&dump/squeeze attempts on amc, express, nokia, etc. the n00bs just parrot dumb shit they don't understand. the broker's get squeezed by the clearing houses/dtcc increasing the collateral requirements. the morons pretend it's a grand conspiracy from melvin. cue tin foil insanity. worsens on friday.

gme closing over $300 on friday is a big deal, as a ton of money in puts is wiped out. the gamma squeeze is probably about over (probably happened on wednesday), the short squeeze may/may not be done with.

now.




maybe gme will still go up/squeeze. maybe not. i'm just selling far otm puts on it because the IV is like 1000% and it's low-risk free money, although no moonshots for me.

worst for me is that wsb was my favorite sub/site, and it's gone to total shit. we were once known for "guh" and "literally can't go tits up" box spreads (it went tits up), but now is a bunch of clueless fools believing conspiracy theories and pretending they're sticking it to wall st.

i'm just hoping that the clearing houses/dtcc can reverse the collateral requirement increase on the brokers, so trading can go back to normal and the market can stabilize.


tl;dr (yes, a 2nd one) - wsb is now 95% just pump&dumpers, idiots, and 'activists' who think they're sticking it to hedge funds, while being too ignorant to realize that a whole slew of funds are involved in this and most are benefitting (and often, they'll jump at the chance to knock off their competition). nearly everyone's believing some kind of crazy narrative, generally whatever they want to believe.
Click to expand...

Thanks for posting this. You quite obviously have an insight regarding WSB that nobody else does. I probably only understand about half of what you're saying here, but that's enough for me to get a decent picture.
 
rob mafia said:
tl;dr - you're all being hoodwinked.

it's not about revenge or social justice or occupy wall street, it's just a bunch of traders pulling off a short squeeze.

the problem is that since the "msft 200" meme (when we realized we could move a big market cap from our asshattery), there have been a lot of pump&dumps (and many more attempts) on wsb. the mods are generally good at shutting that down, but the recent shit's out of control. wsb was basically just a bunch of self-proclaimed retards (we'd say it's an anagram of traders) and autists who basically just laughed at their risky bets (and subsequent loss [usually] / gain porn). then jartek (admin) returned after years of absence and made a fake account with fake gains ("wsbgod") and used it to pump interest into wsb and set up pump&dump schemes. the pump&dumps weren't enough, so he wrote a book... about... us (as in, not him), while taking credit for our shit. then he set up a scam (trading instructional site ]) and got another wsb user (stormwillpass, who sadly was the general of theta gang [i'm theta gang] ) in on it, fleecing morons out of $. thennnnnnnnnnnn they set up a 1 day trading competition ppv with a prize that was... illegal as hell. people revolted, a lot of mods got kicked, and dissenters were banned.

the mods were able to get reddit involved and overthrew jartek, restoring wsb to the trading asshattery glory.

months went by

then the top mod (who was basically idle for... years [and was either a friend of jartek's or jartek, himself] ) decided to make an official twitter account. and posted shady shit. we hated it/him and pressured him to shut the fuck up/deactivate the twitter, as it was trying to set up more pump&dumps (as well as being cringey and asinine), most notably... on gme. this was like 10 days ago.

citron starts shit talking wsb

now it's melvin/citron vs wsb, and wsb has a million subscribers. most of which are n00bs and don't know shit about us/the market/trading.

melvin blows up/citron diededs, overall market takes hits as collateral damage due to shorts having to dump their long positions. cnbc won't shut up about wsb. first villifying (for about 2 weeks), then suddenly pulling a 180 on thursday and acting like it's poors vs billionaires.

wsb gets another million subs. it's hysteria. there's now a narrative that we're heros or some shit. people start jumping in. now there's pump&dump/squeeze attempts on amc, express, nokia, etc. the n00bs just parrot dumb shit they don't understand. the broker's get squeezed by the clearing houses/dtcc increasing the collateral requirements. the morons pretend it's a grand conspiracy from melvin. cue tin foil insanity. worsens on friday.

gme closing over $300 on friday is a big deal, as a ton of money in puts is wiped out. the gamma squeeze is probably about over (probably happened on wednesday), the short squeeze may/may not be done with.

now.




maybe gme will still go up/squeeze. maybe not. i'm just selling far otm puts on it because the IV is like 1000% and it's low-risk free money, although no moonshots for me.

worst for me is that wsb was my favorite sub/site, and it's gone to total shit. we were once known for "guh" and "literally can't go tits up" box spreads (it went tits up), but now is a bunch of clueless fools believing conspiracy theories and pretending they're sticking it to wall st.

i'm just hoping that the clearing houses/dtcc can reverse the collateral requirement increase on the brokers, so trading can go back to normal and the market can stabilize.


tl;dr (yes, a 2nd one) - wsb is now 95% just pump&dumpers, idiots, and 'activists' who think they're sticking it to hedge funds, while being too ignorant to realize that a whole slew of funds are involved in this and most are benefitting (and often, they'll jump at the chance to knock off their competition). nearly everyone's believing some kind of crazy narrative, generally whatever they want to believe.
Click to expand...
Busting out the like-reserve again for this truthbomb.

ZnqKbDb.png
 
KeepingItReal said:
I'm sorry what? People already did sell, look at any number off Rolls Royce stocks from last year to this year. The stock price doesn't just drop like that if people haven't sold the stock.
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Dunno man, I was just trying to think of a reason for halting trading for seemingly no reason.
 
What are some investors you guys follow? Specifically ones that focus on small/micro cap stocks?
 
I've had Fidelity for a very long time which is what I used. Sell of Amazon and buy of GME was instant. This was posted on wallstreetbets today. Just sharing info for those that have that have been beaten down by those elitist hedge fund fucks at Robinhood. They also say in wallstreetbets to TRANSFER your funds from Robinhood to Fidelity and NOT SELL them out of Robinhood. Selling is what they want us to do. One poster said it did say it would take until Feb. 6th to transfer from RH to Fidelity. Is it a rumor that RH will be down on Monday for "maintenance?" That RH CEO is a fucking bastard to us regular folk.

THIS IS A REPOST Credit: u/StocksAndSports

Lets get this shit out of the way right now. The reality of the situation is Robinhood does NOT have the liquidity or capital to support buys any further due to their clearing house being in house and run by baling wire and dreams. Their owners have a vested interest in ensuring they don't make the collateral demanded by the DTC to move the cash required.

So here's the fucking rub. There are two CONFIRMED brokers that will do anything in their fucking power to ensure we trade as much as we fucking want. They are...

Fidelity and Vanguard. You want to know why? They both own millions of shares in GME, do you think they won't do whatever they absolutely can to ensure collateral is covered on GME? They are profiting hardcore off of this. We NEED to be throwing their weight behind them, they are the ONLY future we have if we need to be backing this stock as retail.

This weekend, we need to push harder than we ever have before to educate people on this reality. Robinhood is bush league shit for processing this kind of demand, and it's time we take it to the big boys like Fidelity and Vanguard to handle the rest of this.

TLDR: Robinhood CANNOT SUPPORT OUR VOLUME. The ONLY brokers right now are Vanguard and Fidelity because they OWN GME SHARES. This is PERFECT for us. Their clearing houses will flip fucking gravity to keep us trading. PUSH ON.

Take this opportunity by the balls and never let go.

USE YOUR
 
I'm just down for the movement. Fuck those rich fucks that try to keep us down. I may lose it all, learn a lesson, and feel stupid. I accept that. Or I may make a fair amount. I've been itching to take a risk for a while since I missed out on Google, Amazon, Bitcoin, etc. So this is going to satisfy my one shot at glory in the words of Judas Priest. Battle Hymn. I told myself I would never do this but here I am. I will probably never take this risk again even if we all win big but at least I got in the ring and gave it a shot. Maybe we'll find out next week what direction this goes. Maybe the hedge fund pricks will pull more tricks to make it look like the stock is going down then it won't be until the week after or the week after that when they pay out their ass.

Either way, fuck them. Let's ride brethren.

LimitedEnlightenedIchthyostega-small.gif


39d16a40bbfc417642678a99825c864e.gif
 
Grassshoppa said:
I've had Fidelity for a very long time which is what I used. Sell of Amazon and buy of GME was instant. This was posted on wallstreetbets today. Just sharing info for those that have that have been beaten down by those elitist hedge fund fucks at Robinhood. They also say in wallstreetbets to TRANSFER your funds from Robinhood to Fidelity and NOT SELL them out of Robinhood. Selling is what they want us to do. One poster said it did say it would take until Feb. 6th to transfer from RH to Fidelity. Is it a rumor that RH will be down on Monday for "maintenance?" That RH CEO is a fucking bastard to us regular folk.

THIS IS A REPOST Credit: u/StocksAndSports

Lets get this shit out of the way right now. The reality of the situation is Robinhood does NOT have the liquidity or capital to support buys any further due to their clearing house being in house and run by baling wire and dreams. Their owners have a vested interest in ensuring they don't make the collateral demanded by the DTC to move the cash required.

So here's the fucking rub. There are two CONFIRMED brokers that will do anything in their fucking power to ensure we trade as much as we fucking want. They are...

Fidelity and Vanguard. You want to know why? They both own millions of shares in GME, do you think they won't do whatever they absolutely can to ensure collateral is covered on GME? They are profiting hardcore off of this. We NEED to be throwing their weight behind them, they are the ONLY future we have if we need to be backing this stock as retail.

This weekend, we need to push harder than we ever have before to educate people on this reality. Robinhood is bush league shit for processing this kind of demand, and it's time we take it to the big boys like Fidelity and Vanguard to handle the rest of this.

TLDR: Robinhood CANNOT SUPPORT OUR VOLUME. The ONLY brokers right now are Vanguard and Fidelity because they OWN GME SHARES. This is PERFECT for us. Their clearing houses will flip fucking gravity to keep us trading. PUSH ON.

Take this opportunity by the balls and never let go.

USE YOUR
Click to expand...
lol "FUCK THE MAN BY BUYING ALL THE SHARES THAT FIDELITY AND VANGUARD WILL HAPPILY SELL YOU FROM THEIR RESERVES AT RETARDED HIGH PRICES!!!!"

Weren't you a bitcoin skeptic like a week ago? Christ.
 
I use TD Ameritrade and I had limits on what options I could buy and sell. Other brokers wouldn't even allow buying of the stock itself or limited it to a few shares.

Let's be honest. They all got caught with their pants down. They are saving themselves from insolvency. They allowed a situation with infinite downside and with the potential for never being able to close said position by allowing more than 100% short. They were making money hand over fist and when it turned they shut the markets down.
 
tonni said:
What are some of your investments if I may ask?
Click to expand...
AXP American Express
ADM Archer Daniel Midland
SCHW Charles Schwab
UNP Union Pacific
WM waste Management
WYNN WYNN resort
NIO
JMIA


Have fe other more, but they are trades.
 
I was a bit surprised when I logged into paypal today and saw you that can buy crypto through them now.
 
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