Brian Posted January 27, 2021 Share Posted January 27, 2021 12 hours ago, Amazatron said: They're doing it to AMC now, up 64% AH today. Closed at $5, Elon Musk tweets about it, and now it’s $15 in premarket. Old white rich dudes losing billions today. Lol 8 hours ago, osxmatt said: I don't have one of those million dollar posts on WSB, but needless to say I've made a good amount of money on this over the past 10 days. I'm thinking I'll get out by Friday. I’m staying. Since I am following this story since I find it so fascinating, I rather have a vested interest. I have enjoyed the Reddit posts where people have used this to pay off student Lin’s and other debts. It’s only January and 2021 is off to a crazier start than 2020. Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 27, 2021 Share Posted January 27, 2021 $245 premarket AMC closed at $5 yesterday, almost at $20 premarket, fucking lol Quote Link to comment Share on other sites More sharing options...
Chris- Posted January 27, 2021 Share Posted January 27, 2021 I appreciate all of the Wall Street dweebs crying about how this needs to be investigated and regulated...Beyond the gross hypocrisy of that stance, I can’t think of a good macroeconomic reason for why short selling is necessary or healthy. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 AMC hit 25, I'm having a party. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 27, 2021 Share Posted January 27, 2021 Another GameStop? Here Are the Next 10 Most Shorted Small-Caps. WWW.GOOGLE.COM Highly shorted stocks are being targeted by some investors trying to force people who have bet the prices will fall into covering. Watch Dillard’s and AMC Entertainment. Quote Link to comment Share on other sites More sharing options...
Paperclyp Posted January 27, 2021 Share Posted January 27, 2021 This is insane. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 1 hour ago, ManUtdRedDevils said: Closed at $5, Elon Musk tweets about it, and now it’s $15 in premarket. Old white rich dudes losing billions today. Lol I’m staying. Since I am following this story since I find it so fascinating, I rather have a vested interest. I have enjoyed the Reddit posts where people have used this to pay off student Lin’s and other debts. It’s only January and 2021 is off to a crazier start than 2020. Apparently Friday or Monday is when to get out because that's when all the short positions on GME start coming due. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 27, 2021 Share Posted January 27, 2021 AMC is sitting at $12.78 as of this post - legit question as I know dick about stocks; should I buy like $2k worth of shares or is it not gonna spike? Quote Link to comment Share on other sites More sharing options...
Chris- Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, Spork3245 said: AMC is sitting at $12.78 as of this post - legit question as I know dick about stocks; should I buy like $2k worth of shares or is it not gonna spike? How much do you value that $2k? Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, Chris- said: How much do you value that $2k? I mean, I don't want to lose it I know this is basically gambling. I see it's down to $11.60 as of this post Like, if it's a good bet that it's going to spike back up, I'm willing to take the risk - I just have no idea if the ride is already over Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 27, 2021 Share Posted January 27, 2021 I would considered any of these stocks to be equivalent of walking into a casino right now Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 They keep halting trade AMC lol Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 3 minutes ago, elbobo said: I would considered any of these stocks to be equivalent of walking into a casino right now So you get a free night in the GameStop CEO's house for playing big? Quote Link to comment Share on other sites More sharing options...
chakoo Posted January 27, 2021 Share Posted January 27, 2021 While the meme and going after short sellers is fun, a lot of people are going to find themselves hurt when the party ends or this gets used to direct people to pump up a dead stock so an investor can quickly cash out. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 27, 2021 Share Posted January 27, 2021 16 minutes ago, Spork3245 said: AMC is sitting at $12.78 as of this post - legit question as I know dick about stocks; should I buy like $2k worth of shares or is it not gonna spike? 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 27, 2021 Share Posted January 27, 2021 God damn it. Robinhood, E-Trade, Wellbull, or something else? @Jason @ManUtdRedDevils Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted January 27, 2021 Share Posted January 27, 2021 9 minutes ago, Spork3245 said: God damn it. Robinhood, E-Trade, Wellbull, or something else? @Jason @ManUtdRedDevils Not Robinhood lol Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 Just now, Kal-El814 said: Not Robinhood lol I use Schwab but apparently a bunch of brokerages, including Schwab, have been shitting the bed right at the start of the trading day. Quote Link to comment Share on other sites More sharing options...
Pikachu Posted January 27, 2021 Share Posted January 27, 2021 TD Ameritrade Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 27, 2021 Share Posted January 27, 2021 4 minutes ago, Kal-El814 said: Not Robinhood lol Yea, looks like their servers are F'd. I'm signing up to Webull atm Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 I couldn’t trade in Schwab for like 30 minutes today, good thing premarket worked. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 27, 2021 Share Posted January 27, 2021 Lol, account approval takes 2-3 days. Looks like I'm not getting in on this Quote Link to comment Share on other sites More sharing options...
Joe Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, Spork3245 said: Lol, account approval takes 2-3 days. Looks like I'm not getting in on this TD Ameritrade is good shit. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 4 minutes ago, Amazatron said: I couldn’t trade in Schwab for like 30 minutes today, good thing premarket worked. You mean you logged in before 9:30 AM Eastern and traded then? Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 Just now, Jason said: You mean you logged in before 9:30 AM Eastern and traded then? Yeah, extended hours trading, managed to sell some at $20-23. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 27, 2021 Share Posted January 27, 2021 10 minutes ago, Joe said: TD Ameritrade is good shit. I have an IRA on TD Ameritrade. I probably could get in on this action but nah. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 8 minutes ago, Amazatron said: Yeah, extended hours trading, managed to sell some at $20-23. Mechanically it's the same as normal hours trading, right? I could just put in a limit order before bed and see if it's executed when I wake up? Quote Link to comment Share on other sites More sharing options...
Joe Posted January 27, 2021 Share Posted January 27, 2021 22 minutes ago, Amazatron said: Yeah, extended hours trading, managed to sell some at $20-23. Why did you sell? You don't foresee it increasing past that? Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 16 minutes ago, Jason said: Mechanically it's the same as normal hours trading, right? I could just put in a limit order before bed and see if it's executed when I wake up? Yes, you just have to specify extended hours trading. Limits, stops, etc. all work the same. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 3 minutes ago, Joe said: Why did you sell? You don't foresee it increasing past that? I’m up huge already, happy to limit my exposure here since it’s just straight up gambling at this point. If it goes past that, great, I still have some left. In reality, it has no business being at this market cap given the situation. 1 Quote Link to comment Share on other sites More sharing options...
johnny Posted January 27, 2021 Share Posted January 27, 2021 Quote Link to comment Share on other sites More sharing options...
Joe Posted January 27, 2021 Share Posted January 27, 2021 I bought a few shares of AMC just to see. If I post on the Daily Discussion thread and pump up AMC, is that market manipulation? What the fuck is even happening lmao Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 27, 2021 Share Posted January 27, 2021 TD Ameritrade put up this message "In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities. We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors." 1 Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, Keyser_Soze said: TD Ameritrade put up this message "In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities. We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors." "WE MUST PROTECT THE HEDGE FUNDS AT ALL COSTS!" Quote Link to comment Share on other sites More sharing options...
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