Robinhood(and others) block GME, BB, NOK, and AMC

Robinghood has blocked buying these stocks.... they are pissing off several million jobless, pennyless, millennials with nothing to loose. This is going to be epic.

What are your thoughts?

Also, melvin capitol is getting wrecked because of their greed.

 

I got out of my position after the news picked it up yesterday, nothing good ever comes out of a "look what Reddit did" story.

r/wsb has had lot of misses, but glad one finally cooked off big. Fund managers are mad they got beat at their own game, and surely called in their favors to restrict trading. They argue that the GME market cap is overvalued, yada yada, but yet we see the nasdaq/dow hitting new highs dang near every day in a very economically tenuous time. Tell me that isn't overvaluing the market wholesale.

Hedge funds shorted the stock first, and then got got. Did it to themselves. I fail to see how this is materially different from the short squeeze that lost $40B against Tesla, whose stock value is also based on hype with marginal tangible factors that should drive prices up, and nobody blinked an eye.

 

Im holding my positions on gme, bb, and nok. We may not be able to buy anymore right now, but the rest of the world is still able to buy it and young people from around the globe are rallying around gme to stick it to these corrupt capitol investment firms.

 

Valid point.

I only had 2 shares, so the needle would have to move pretty drastically to make it worth my time to keep it and hold the risk vs cash out on a known gain.

Still gonna follow this underdog story intently for the spectacle. I'm a finance/accounting guy by school and trade, so watching my former frat bro classmates that went to go work for their dad's investment firm squirm on FB is worth much more than my cap gains.

 

Yeah, they are blocking all the stocks that have high shorts on them so we cant screw over big hedge funds like they have been screwing us over for years. 2008 crash was because of people like them, and this is our payback.

 

I’ve been busy with other stuff the last few days and haven’t looked at the market, but basically people are buying up gme, bb, etc... based on hype and a tik-tok or YouTubers ability to get masses to buy?

& Robinhood is blocking those stocks so people cant shortchange them and mess with the market ?

edit: holy. $14 to $260

edit#2: how is this different from Nikola over summer ? Lol

 

its not youtube and tiktok thats pushing this. GME was shorted over 100%, greedy firms bet on gamestop failing. Since it was shorted over 100% if people buy gme, and the price goes up, those greedy firms need to pay up. This video is pretty good at describing it.

 

Got in GME late but bought a share and made $70 in a day and am making money on my long term puts already.

Got into AMC two weeks ago bought call options that i made $400 on but sold too early, probably missed out on another $2k after it skyrocketed. I also had 50 shares and was up $800 but the halting of trading screwed me and i put in a stop loss at $10 but it filled at $8, still made like $300 or a little less.

I'm on Robinhood btw.

 

Doubled my money on AMC and got out.

My thoughts are pure speculation.

 

There was a strategy through yesterday afternoon. Now its about revenge.

 

DAMN RIGHT!

Im pumping more into these stocks as soon as they open them back up again(I like the stock). Dont care what I loose. And there are millions of other people who want to do the same.

 

Gamestop (GME) is about as close to the "Arab Spring" as a bunch of forum miscreants can get and I love that this has become the hill to die on for a lot of people.

 

This is turning into occupy wallstreet 2.0, but this time we come for their money.

 

Haha hahaha too good

Too bad they really don't like a free market

 

its only a free market when they make the money. When the rest of us make the money and they loose, then its closed.

 

Exactly

 

Something that really funny... robinhood blocked buying new shares, but you can sell.... who are you selling to if no one can even buy? Its all manipulation.

Also, Ja Rule, the rapper from 20 years is tweeting out #holdtheline! We have ted cruz and AOC agreeing about this, Mark Cuban and Elon musk supporting us... holy fuck. This is the single biggest financial shake up in the world.

 

This fiasco has finally gotten me to open an account, but I cannot invest in a company I don't believe in. GME is dead in the water, I don't see how that business can survive.

I invested in Mazda, who has been on a decline for many years until recently. This could be because they offer no hybrid options for most of their line up in the USA. Recent Toyota partnership means the best hybrid technology is now available to Mazda. They are also working on an inline six that could make it's way to Toyota. Skyactiv is an amazing technology. I'm holding long term. If Toyota believes in Mazda, well, I'll believe too.

 

Right now GME is not about making money. GME is about sticking it to hedge funds that have been taking advantage of normal people for decades. I will loose money in GME, but I dont care if I do.

GME will go up when they finally need to get rid of their shorts. This is exactly like the VW short squeeze from from 2008, but with more manipulation from big hedge funds.

Even after GME goes up and I have a ton of money, I dont think I will sell. I like the stock.