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The battle over Gamestop is getting really interesting

LordOfChaos

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Mar 31, 2014
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Fuckkkk I feel like panicking. It dropped hard. Hold or sell?

LULD always comes with a hit, but the momentum behind it usually comes back. It's not like brokers turning off buys.

If you need it, if it's life changing, take some, but I wouldn't sell on a drop
 

AGRacing

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Sep 26, 2016
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Strike 3 of not hitting 800 - 1000 a share like these ridiculous reddit posts. You have to realize that regular human beings pulled into this are going to panic selloff when they double or triple their money. Even a thousand dollars will pay off a big bill or buy a 4K TV they didn't have. Asking to hold that hard is a BIG ask for I'd guess MOST people.
 

LordOfChaos

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Mar 31, 2014
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Strike 3 of not hitting 800 - 1000 a share like these ridiculous reddit posts. You have to realize that regular human beings pulled into this are going to panic selloff when they double or triple their money. Even a thousand dollars will pay off a big bill or buy a 4K TV they didn't have. Asking to hold that hard is a BIG ask for I'd guess MOST people.

It did break right through the 420.69 meme target last time until the broker cockblock to be fair. Most were still holding then until brokers turned off buys. You may disagree but I do think 1000 was in reach that first time, the 420 sell wall was gone, the after hours were 500.
 
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Buggy Loop

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trippy gene wilder GIF
 

LordOfChaos

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30 minutes ago: Oh no, what if I faded too much for the moon rocket?
Now: Oh no, what if I should have faded more?

Nah but a LULD never killed the meme train before, just put in setbacks. It took something big like big brokers turning off buys to kill it last time.

Edit: And dat bounce. There was your dip?

what the hell, it's back at 262!. I can't take this ride anymore!!!!!! ahhhhhh. I'm going to get fired cause I can't concentrate at work lol

That's why I set my limit sells and leave it alone, then I get this dopamine ride every time it does something major lol


 
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Larlight

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Nov 24, 2020
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what the hell, it's back at 262!. I can't take this ride anymore!!!!!! ahhhhhh. I'm going to get fired cause I can't concentrate at work lol
 
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Buggy Loop

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Jun 9, 2004
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30 minutes ago: Oh no, what if I faded too much for the moon rocket?
Now: Oh no, what if I should have faded more?

Nah but a LULD never killed the meme train before, just put in setbacks. It took something big like big brokers turning off buys to kill it last time.

Edit: And dat bounce. There was your dip?



That's why I set my limit sells and leave it alone, then I get this dopamine ride every time it does something major lol



Oh you’re on wealthsimple? Isn’t the buy/sell fee for US securities like 1.5%?
 

LordOfChaos

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Oh you’re on wealthsimple? Isn’t the buy/sell fee for US securities like 1.5%?

Yeah I am, I know I have to move to another platform soon at least for my US holdings as that fee can get to be a lot. That's the only fee they charge at all though, you can spam CAD holdings as much as you want, plus they never let others borrow your shares nor blocked anything during the Robinhood route, so it's not so bad.
 

Buggy Loop

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Jun 9, 2004
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Yeah, I started with Questrade actually, because wealthsimple had these no USD wallet and no options. I registered not long ago still for Canadian stocks, but I have not started anything so far, too much money in USD on Questrade that are in roller coasters haha.

Wealthsimple’s road map looks good in the next year or so though.
 

Larlight

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Nov 24, 2020
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I don't know if you guys follow the GME thread on WSB, but is there some fuckery going on with the halts? Atleast that's what people are assuming on there.
 

GhostOfTsu

Member
May 11, 2018
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Why are they still shorting it and losing billions? It went down to 40$. I would have closed everything and be done with this mess a long time ago.
 
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Buggy Loop

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Jun 9, 2004
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GME is on SSR list for tomorrow, hahahaha. Oh god, know what? Might even be the long HFs that pushed it a bit more for a trap to shorts to trigger it. Tomorrow’s gonna be bananas
 
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Buggy Loop

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Why are they still shorting it and losing billions? It went down to 40$. I would have closed everything and be done with this mess a long time ago.

You don’t end up on Wall Street as a hedge fund manager, dealing with billions/trillions in assets, by throwing the towel any time something hard happened along the way. If you have methods to limit the bleeding and save the portfolio of your customers, which if you don’t, you’re lawsuited to oblivion. They’ll do anything, even illegal, because SEC has no teeth.
 
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LordOfChaos

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Momentum carrying forward, this is why you don't panic sell on a drop into the red on a LULD! Looks like a fight for direction happening but trending up

Why are they still shorting it and losing billions? It went down to 40$. I would have closed everything and be done with this mess a long time ago.

As a wise man put it, we can stay retarded for far longer than they can stay solvent. They thought it was done and GME would trend down after hitting 40 again. They were buying their "dip" but just getting trapped more.
 
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Larlight

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Nov 24, 2020
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Does it look like it's going to close around the same price as yesterday EOD? Or will power hour surprise us?
 

Buggy Loop

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I think AH might surprise us. Back in January, when these low volume drops happened, it always climbed up AH. Back before the Jan 27th peak, it was full of ~100$ dips, until it peaked and they pulled the plug.

Same playbook.
 
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Buggy Loop

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And if you had any doubts that shorters were in a bad position, that they « covered », what happened today is proof enough they are still in deep shit. Nothing about that was retail.
 

Larlight

Member
Nov 24, 2020
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650
295
Stupid question, but for any earnings we make this year on stocks that has to go towards tax returns this year or next year?
 

Dusktildawn48

Member
Feb 13, 2014
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Not GME related, but my AMC shares weren't happy today. I shouldve bought more during the big dip.
 
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Buggy Loop

Member
Jun 9, 2004
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Quebec, canada
Not GME related, but my AMC shares weren't happy today. I shouldve bought more during the big dip.

At this point, GME, AMC, BB, KOSS, NOK and so many others are basically in the same roller coaster now, so i think it's fair game to discuss it here.

I'm telling you guys, it's financial WW3 between institutions. Big Fucking Whales duking it out.

Retail can't do this shit, look, almost no NSDQ (retail), these are blackpools, high frequency trading between HFs

 
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Buggy Loop

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Jun 9, 2004
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Quebec, canada

Marketwatch's article about the crash, was indexed 14 hrs ago ??

Goddamn, i really don't like conspiracies, but this is... actually wait, that's Jim Cramer's fucking tactic he explained in that infamous video haha.
 

LordOfChaos

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Mar 31, 2014
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For a noob, what is a halt and why are they done?

LULD halts are based on extreme price movement within a 5 minute span, they're meant to let heads calm down if something is melting down or up.

GME had 6 trading halts in 30 minutes yesterday, a trading halt is 5 minutes...I'm no mathlete but that has to be a record lol
 
D

Deleted member 17706

Unconfirmed Member
Saw this on wallstreetbets and had to share. This has to be one of the craziest videos I've seen.


I hope this dude's real name is Chad.