Bubo Posted January 31, 2021 Share Posted January 31, 2021 Was anyone on the Forum involved in RH and Game Stop ? I had never heard of RH until a few days ago. Just wondering if anyone had first hand experience with the current blow up ? Quote Link to comment Share on other sites More sharing options...
JJkizak Posted January 31, 2021 Share Posted January 31, 2021 It looks to me like one of those "youth internet escapades into the twilight zone". If you invest in a company that is going bankrupt and run by idiots you have to be dumber than a truckload of rocks. Maybe a foreign interference is involved in de-stabling the market. JJK Quote Link to comment Share on other sites More sharing options...
dirtmudd Posted January 31, 2021 Share Posted January 31, 2021 2 Quote Link to comment Share on other sites More sharing options...
grasshopper Posted January 31, 2021 Share Posted January 31, 2021 ...if nothing else brings to light how the market can be manipulated w/o breaking the rules of engagement reminds me of the movie Old School, where they found a loophole to allow their fraternaty 1 Quote Link to comment Share on other sites More sharing options...
jjptkd Posted January 31, 2021 Share Posted January 31, 2021 2 hours ago, grasshopper said: reminds me of the movie Old School, where they found a loophole to allow their fraternaty "You're my boy Blue!!!" 1 2 Quote Link to comment Share on other sites More sharing options...
jjptkd Posted January 31, 2021 Share Posted January 31, 2021 3 hours ago, JJkizak said: It looks to me like one of those "youth internet escapades into the twilight zone". If you invest in a company that is going bankrupt and run by idiots you have to be dumber than a truckload of rocks. Maybe a foreign interference is involved in de-stabling the market. JJK Or it could be a rebellion against a "rigged system." 3 Quote Link to comment Share on other sites More sharing options...
jjptkd Posted January 31, 2021 Share Posted January 31, 2021 2 hours ago, grasshopper said: ...if nothing else brings to light how the market can be manipulated w/o breaking the rules of engagement Kind of funny how you never hear about all of the Congress people who liquidated stocks days prior to announcement of shutdowns last spring or member's of Congress investing heavily in Tesla days before the Whitehouse announces a complete switch to electric vehicles, seems like that is breaking some sort of law?? 3 Quote Link to comment Share on other sites More sharing options...
dirtmudd Posted January 31, 2021 Share Posted January 31, 2021 10 minutes ago, jjptkd said: Or it could be a rebellion against a "rigged system." it's all rigged 2 Quote Link to comment Share on other sites More sharing options...
Coytee Posted January 31, 2021 Share Posted January 31, 2021 My wife has a gal-pal that she used to work with.... gal has an account at Robin Hood. I don't know if it's her situation or the folks in general (my wife tells me it's the folks in general with accounts there) They will buy two shares of this & that.... or 33 shares of this & that.... meaning it's generally small dollar investors and they're buying a small number of shares. I'm sure there are exceptions and maybe my wife is getting a skewed picture from her gal-pal. I DO know that on their ads, they talk about "one free stock" and I was curious what that meant so I went to their website. I was expecting to hear about "one free stock TRADE" to which I wasn't impressed as you can now open accounts and pay zero commissions at many places.... no....what they meant was open an account appropriately (probably minimum deposit? I didn't look) anyway, open an account and they will give you "one, some" (I don't know the quantity) of free shares of a stock of their choosing. Now, before you think they're going to give you a share of Apple Computer.... it turns out it's some penny stock which made me giggle a bit (but didn't surprise me) My wife is trying to help her gal-pal. I told her we should take her out to dinner and give her some investment lessons. Wife is trying to get her to "upgrade" her custodian and change firms (leave Robin Hood for ???) 1 Quote Link to comment Share on other sites More sharing options...
Coytee Posted January 31, 2021 Share Posted January 31, 2021 I got a chuckle when I heard the hedge fund guys were having it stuck to them. 2 Quote Link to comment Share on other sites More sharing options...
OO1 Posted January 31, 2021 Share Posted January 31, 2021 The Federal Authorities are not going to take this very lightly -----------expect Lawsuits , Fines and a Complete Investigation , plus Insider trading accusations - Who owns GameStop now? Here's how CEO George Sherman's 2.3 million shares skyrocketed from $7M to $745M https://meaww.com/game-stop-owners-founders-george-sherman-history-shares-cost-worth-roaring-kitty-reddit-elon-musk 1 Quote Link to comment Share on other sites More sharing options...
Bubo Posted January 31, 2021 Author Share Posted January 31, 2021 2 hours ago, Coytee said: I got a chuckle when I heard the hedge fund guys were having it stuck to them. Shorts may require hospitalization for severe rectal bleeding in Feb, few should survive without Bailouts. From what I read on ZH The bomb drops Feb 18-19 when everything comes due There is no limit to the losses on a short Could go N of $10 billion in losses Speculation is the puncture in the Market balloon could be enough to crash the balloon Tesla with flaming products valued at $ 2 Trillion is a good one etc All propped up with ZERP zero interest rates forcing people into the stock market for any return. All stocked up on lead, tuna, and rice waiting for the big one...... Quote Link to comment Share on other sites More sharing options...
Bubo Posted January 31, 2021 Author Share Posted January 31, 2021 2 hours ago, dirtmudd said: it's all rigged 1 Quote Link to comment Share on other sites More sharing options...
Coytee Posted January 31, 2021 Share Posted January 31, 2021 38 minutes ago, Bubo said: There is no limit to the losses on a short A prudent short might be to short "ABC" and then to purchase a protective call so that if something outlandish (like this) happens, you're just damaged not disemboweled. 1 Quote Link to comment Share on other sites More sharing options...
Bubo Posted January 31, 2021 Author Share Posted January 31, 2021 16 minutes ago, Coytee said: A prudent short might be to short "ABC" and then to purchase a protective call so that if something outlandish (like this) happens, you're just damaged not disemboweled. Too late Naked Shorting By James Chen Updated Jan 28, 2021 What Is Naked Shorting Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. So naked shorting refers to short pressure on a stock that may be larger than the tradable shares in the market. Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. Quote Link to comment Share on other sites More sharing options...
Schu Posted February 1, 2021 Share Posted February 1, 2021 you should see Silver right this second... pushing up to 30$ spot price. 1 Quote Link to comment Share on other sites More sharing options...
Jeff Matthews Posted February 1, 2021 Share Posted February 1, 2021 10 hours ago, Coytee said: I got a chuckle when I heard the hedge fund guys were having it stuck to them. Me, too. But sadly, I have a feeling that the hedge fund guys are investing other people's money, and a lot of unwitting people got burned. Quote Link to comment Share on other sites More sharing options...
BigStewMan Posted February 1, 2021 Share Posted February 1, 2021 oops, thought this was a thread about Disney movies. I'll go back to listening to some Prog and let you moneymakers hash this out. I was never a financial guru so my philosophy is just have more than I need. Quote Link to comment Share on other sites More sharing options...
Jeff Matthews Posted February 1, 2021 Share Posted February 1, 2021 8 hours ago, Bubo said: All propped up with ZERP zero interest rates forcing people into the stock market for any return. All stocked up on lead, tuna, and rice waiting for the big one...... Richard (Coytee) and I were just discussing this sort of thing. There is a false impression that the only choice is risky stocks and CD's which pay nothing. In the middle exist good dividend stocks. They yield better than CD's yielded in their heyday. Yields today on some very good companies are 7-8%. 1 Quote Link to comment Share on other sites More sharing options...
USNRET Posted February 1, 2021 Share Posted February 1, 2021 3 minutes ago, Jeff Matthews said: Me, too. But sadly, I have a feeling that the hedge fund guys are investing other people's money, and a lot of unwitting people got burned. That is all they invest...other people's money. Well, except for that tidy sum they bargain with. Quote Link to comment Share on other sites More sharing options...
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