Stocks - The Best Buys 2

[Johnny Makarov]

Halt removed. $126 now

and halted again.

[Table 5]

I sold out at 18...but if AMC drops to $4-5 again, I'm buying.

[Nyah]

What website/app do you all use?

[TherapyforGlencross]

I'm glad I invest only in index funds and ETF's. This #### is too wild for me.

[Johnny Makarov]

Originally Posted by Nyah

What website/app do you all use?

if you don't want to log in just use yahoo finance. it's real time for US stocks.

and back to $196.

[Senator Clay Davis]

Lol went up 60% in 10 minutes after hitting 117.60.

[Cappy]

My stop loss kicked in at $150. Tried to buy 1 share for ####s and giggles, the cheapest ask on questrade right now is $5,000.00

That is hilarious

Got one at 230.00. Lets ride this for the lolz

[You Need a Thneed]

2 hours into the trading day and GME has opened at 250, gone up to 480, down to 112, then up to 244 right now.

[Roughneck]

Originally Posted by Cappy

My stop loss kicked in at $150.

[Senator Clay Davis]

Would have been nice to be able to buy at $112, but you know.

[Hatter]

Had 5 shares of GME @ $88.75 that I grabbed Monday. Sold one this am @ $389.00 to basically recoup my initial stake. Just hanging on now to see what happens. This is madness lol.

[Senator Clay Davis]

We're basically alternating now between halts and dips and spikes. Not even the casino is this much fun.

[Ashasx]

Going forward, shouldn't this disincentivize over-shorting a stock if places like WSB are going to identify them and buy in bulk?

[Ozy_Flame]

GME with a high of 468 and a low of 126 just in morning trading so far. Holy jumping Geezuz lololol

[agulati]

Ugh. I had set a partial limit at 200, and then forgot to change it. That got hit, but atleast I got my initial investment out. Everything else is gravy I guess.

I might pick up a couple if it gets back down to 120s

[Mazrim]

Originally Posted by Krovikan

What's missed in all of this, is by just talking about "Institutions" and "Hedge funds", people are missing out on who hitting those places affects, the average person. A lot (not all) of these places support pensions, retirement savings, and people's life savings. These institutions aren't playing with their own money most of the time. And this isn't saying WSB is solely responsible, most of the blame lays out to the managers that shorted a stock more than 100%; honest, I think over 40% of a stock being shortened is probably a very bad thing.

The government has an interest in a stable market place, as it can cause ripple effects in the economy, I think in the short-term stopping this action is probably a good thing. I also think that in the long-term rules on shorting need to come in to prevent a single institution from over shorting a stock.

Forgive me if this sounds cold, but I don't feel particularly sorry for those who have entire life savings wrapped up in the stock market. They pay these hedge funds or institutions to manage their money, so it's on those managers to know when to get in or out of something. If the only way these funds are growing is by gambling on (and pressuring) companies to fail to cover a short, then perhaps it's not a good system to be relying on for your retirement?

[PsYcNeT]

Many US Reps and Senators are calling on the FSC to look into the stop buying on Robinhood and other platforms, on both sides of the aisle.

Stop buying from brokerages but still allowing sales is going to be hard to argue for in court.

[Cecil Terwilliger]

Originally Posted by Ashasx

Going forward, shouldn't this disincentivize over-shorting a stock if places like WSB are going to identify them and buy in bulk?

The system works!

[Patek23]

Originally Posted by PsYcNeT

Many US Reps and Senators are calling on the FSC to look into the stop buying on Robinhood and other platforms, on both sides of the aisle.

Stop buying from brokerages but still allowing sales is going to be hard to argue for in court.

Ted Cruz quoted an AOC tweet and replied "I fully agree".

What planet are we on?

[Hemi-Cuda]

Originally Posted by PsYcNeT

Many US Reps and Senators are calling on the FSC to look into the stop buying on Robinhood and other platforms, on both sides of the aisle.

Stop buying from brokerages but still allowing sales is going to be hard to argue for in court.

This is why ultimately the brokerages will still win, they control the rules. And even if those rules are illegal, do you really expect any of them to face consequences?