Got it, thanks for the clarification. GME can up fine on E-Trade, no restrictions that I could tell.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I mean Nancy pelosi can buy long dated leaps on stocks...she has more inside info and can approve bills to manipulate the market
yet..let’s go after the-retail trader
yet..let’s go after the-retail trader
I briefly read it last night.
Head of Melvin is a former Cohen protege.
After all this, Mevlin got a 3b bailout.
About 1b of it came from Cohen's hedge fund.
"New owner Steve Cohen’s hedge fund, Point72 Asset Management, invested $750 million alongside a $2 billion investment from Citadel into Melvin Capital – which held a short position on the GameStop stock and suffered huge losses before closing out of the stock by Wednesday morning."
https://clutchpoints.com/mets-owner...in-capital-amid-gamestop-reddit-stock-fiasco/
Head of Melvin is a former Cohen protege.
After all this, Mevlin got a 3b bailout.
About 1b of it came from Cohen's hedge fund.
"New owner Steve Cohen’s hedge fund, Point72 Asset Management, invested $750 million alongside a $2 billion investment from Citadel into Melvin Capital – which held a short position on the GameStop stock and suffered huge losses before closing out of the stock by Wednesday morning."
https://clutchpoints.com/mets-owner...in-capital-amid-gamestop-reddit-stock-fiasco/
Complete crime.
blog.robinhood.com
HEdge funds are making a killing in their short positions now. Rich get richer
Keeping Customers Informed Through Market Volatility — Under the Hood
blog.robinhood.com
HEdge funds are making a killing in their short positions now. Rich get richer
Are you talking about Robinhood? They absolutely have blocked people from buying it this morning before opening. I'm not attempting to buy in margin and have the money sitting in my account, and cannot buy it. In fact, if you search for any of these stocks on Robinhood, they don't even come up anymore.
I think Robinhood is going to have some problems once the dust clears. Seems investors can trade these stocks on other established platforms.
That's not necessarily true. If the losses at the hedge funds cause them to liquidate their highly leveraged positions it could absolutely trigger a selloff.
From the conf. call re: margins:
Supply chain disruption and factory shutdown due to covid
Model S and X lines shut down for remodel
Big increase in R&D: New battery line, transition to single piece body castings, new heat pump added for all models, updates to S & X, accelerated growth in service capacity.
"adjusting for pandemic inefficiencies and supply chain instability, we saw an improvement in auto gross margin"
Prices were cut on the older S and X to clear inventory. Prices are back up on the new, but I expect them to drop again once the single piece casting, structural battery pack, and new cells are added.
Every time Tesla improves manufacturing efficiencies, they pass some of those saving on to consumers. That's always been their mission. "Accelerate the transition to sustainable energy" Global demand far exceeds supply.
The short term "problem" for Tesla remains battery constraints. Perfect example is the Semi. Elon said they could start the semi right now if they had the batteries. They can't make and/or buy enough. Berlin and Austin will both have cell production capabilities, and I wouldn't be surprised to hear about a new battery factory sometime this year. Batteries, batteries, batteries.
Full Self Driving looking good. Only 1,000 people nationally are using the beta version. I was shocked the number was so low. Regulators keeping the number of beta testers low. Elon expects wide release this year. After wide release comes robotaxi network, again, pending regulatory approval. Robotaxi will be a money printing machine.
Elon open to licensing autonomy software.
Expecting more than 50% growth for 2021. Berlin and Austin ramp are on pace. Semi late this year. Cybertruck early 2022.
Is this news? Just dept just ended it’s investigation of GOP senator Burr for inside trading. Have and have nots.
Ha. Totally agree. That announcer was weak and could have shredded Chamath if he had a clue. Made his money off cheap leverage, disruption (aka putting other companies out of business) and SPAC's. Chamath acting like he is out for the working man is pure comedy.
Just read an article that lump RH, Interactive, TD and others. If true, RH is done.
This isn't true. Why lie? I don't have a margin account on RH and have $$$$ in my account and can't buy either AMC nor GME.
Wasn’t lying. Just relaying the what I read. All other brokerages are trading the stock based on my info. RH may be the exception. I don’t have an account so can’t verify. But I can verify that I can buy GME from all of my accts
Speaking about the market in general, while I don't wish for volatility, I'm hoping to take advantage of it and make some buys that drop my cost basis. I'm building positions on several new funds and yesterday was awesome! I'm a long-term guy, so anytime I can lower CBs, I am thrilled. :)
It will be interesting to see what comes to the surface in the next few weeks. Citadel is on all sides of this issue. Griffin is shady but always gets away with it. The biggest issue that needs to be investigated (not by the SEC, of course they won't do anything) by the internet sleuths is how and who was lending out more shares than existed.
Agreed. As I recall it was Jim Chanos taking the time to read the footnotes while the regulators were asleep at the wheel that finally got people questioning what was going on at Enron. Without folks like Chanos who knows how much longer the Enron scam would've continued
Front page article on CNBC. Curb trading and in some cases, can only sell and not open new ones. You must be one of those cases.
Also, the stock has been halted several times. Keep trying? Good luck.
No sh*t. The major platform used by the short crushers are only allowed to close out their positions. They've set off the race for the exit a day before the Gamma Squeeze.
GME became way overvalued by momentum players buying. Those late to the "game" will get crushed. The value of a company is the discounted future cash flows that it produces. It has to drop and dramatically. You can be sure individual speculators who lose money will be crying when it happens. Those who were prevented from buying more will be quiet.
You have it all wrong. I have been on WSB for over a year. No one is forcing anyone to do anything. In fact i did not act on anything touted by unknown people until GME. Why? because the thesis made sense. I read enough to make a educated decision to buy my 200 shares at $20/share. Others have read other things where they thought it was worth buying in at 40, 50, 150, 350 and so on. You know what all those people who bought higher than me have been proven correct and they have been rewarded. People are free to sell in their account for any reason they want and at any time. No one is Forcing them to do anything.
Wall Street Bets is simply a community of people who share ideas on stocks. people are free to make their own decisions to buy, sell or hold for what ever time period and price level a stock reaches. It is because some very smart people on WSB figured out Wall St. game that now you have the talking heads on CNBC, in the regulatory agencies saying things like "this can't go on" "we need to maintain the integrity of the markets", "This is a pump and dump scheme" and "We need to regulate so that things like Gamestop never happen again". The ONLY thing that is happening is regular joes are finally turning the scheme against those who have profited off the masses for decades and are making money at it. The powers that be don't like this change so of course they are going to fix it. We cannot have a wild group of individuals who want to make money on wall st. talking about stocks and getting rich while doing it. No, we cannot have that. The Wall St. crowd must control this situation so they are going to sic their regulatory freinds in FINRA and SEC on WSB to make sure that the game remains rigged so the common folk cannot win.
As I have stated I have been on WSB for over a year and never felt compelled to invest a dime in any of of the hundreds harebrained ideas that are touted daily on the sub. GME had a really good thesis and I felt i could make some money on the trade. It has worked out well beyond my wildest expectations. I hope GME goes to $1000. The nonsense being spouted on CNBC about how dangerous this is to investors is comedy gold. This network has for over a decade been one of the main outlets for hedgefund managers to manipulate stocks by touting or panning them on Squawkbox. For that privilege the hosts are given perks like interviews, tips, and rides on private jets to do their bidding. Now the little guy finally has a way to fight back and immediately the wall street crowd wants to shut it down. absolutely incredible hypocrisy!
Wink twins just got smoked on CNBC. Trying to push crypto with Fake news. The interviewer just blew it up in their face. Love it
But gamma will save us all. The funny thing is that people are actually upset they can’t buy more.
I don't know why you seem to keep fighting this. Robinhood has stopped ANY purchases of these stocks. It's not "some cases" or "halted," NOBODY can buy these stocks on Robinhood and like I said, you can't even find them on Robinhood's search feature anymore. You can only get to it if you have it in your portfolio, and you can then only sell it. Before they made the stocks unsearchable, it didn't say the stocks were halted, it said they are "not supported on Robinhood." If you don't believe us, just Google it.
Where was this in 2008 when the SEC banned short selling on 1000 securities?
I’m not fighting it. Just letting you know where I’m getting the info. Since you called me a liar. I already stated that I don’t have an acct at RH. Time to open another acct.
Never been called a hedgie before. Thanks? I’m not a trader. I did short some TSLA before and got taken to the woodshed (shared on previous posts). It’s like online gambling but I get to write off the losses.
Where was what, exactly? If you’re referring to when shares of financial institutions were dropping like stones, well, those companies had exposures which were brought to light. I said this at the time, but removing certain rules such as the uptick rule was short sighted, and forced regulators to step in.
honestly RH is not a good option for your brokerage account IMO
Ahh, the uptick rule, forgot about that. It was just plain dumb to remove it.
BINGO! Once again the Big Money and Regulators come in to save one of the big boys who was about to get crushed. It took Major market manipulation of not allowing people to buy GME to break the back of the longs before the Gamma. This is not good for anyone except Melvin, Citadel, and SAC. Citdel pays for the order flow from Robinhood and probably told them to "either stop buys or we will pull our order flow". This is a major breach of maintaining a fair and orderly market. Lawsuits are going to occur over this.
Should hedge funds be permitted to load up on short positions on GME today?
I didn't call you a liar, I've just been repeating myself that Robinhood blocked purchases because you keep saying things like "fake news," "if that's true," "some cases," "if you have money you can buy it," "too dumb to realize they're buying on margin," and "keep trying" as if you don't believe those of us who actually have Robinhood accounts and are telling you what's going on.
It was cool because they have no minimums and free trades, opening up the stock market to many people who previously couldn't afford it. Fortunately now, there are other brokerages that do that. Most of my money was with Vanguard, and I am now moving what I had in Robinhood over to my Vanguard account.
