Stock Market: The Thread

[Catwhoshatinthehat]

I hope Robin Hood, any brokerage firms that allowed the short sales of more stock than they had and the short sellers who took positions they couldn't realistically meet get hammered.  My guess at best there's some fines and half assed apologies.  Doesn't matter who is at the helm it's always the same, privatize gains and socialize the losses only in this instance it's reducing the losses for the big guys at the expense of retail investors.

[Lhalo]

 

[gotbeer]

It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher

Just fascinating how widespread it has become.

[AngelsLakersFan]

[Lhalo]

Tomorrow should be interesting. 

 

[AngelsLakersFan]

I just talked my friend into buying 6 shares.... lmao

[St1ck]

11 minutes ago, Lhalo said:

Tomorrow should be interesting. 

 

I think Robinhood said there will be limited buying.  

[Taylor]

5 hours ago, gotbeer said:

Exactly.  Sounds like they got caught with their hands in the cookie jar, still got the cookie, and got to take the entire jar home.  Meanwhile blaming the cat.

Sounds like a typical Tuesday at the st1ck household.

[Jay]

1 hour ago, AngelsLakersFan said:

I just talked my friend into buying 6 shares.... lmao

I wouldn't buy that stock with your money...

[Lou]

7 hours ago, Jay said:

I wouldn't buy that stock with your money...

I would

[gotbeer]

Freedom of speech.

Google Deletes 100,000 Negative Reviews of Robinhood App From Angry Users

[gotbeer]

Oh and remember those hedge funds that are taking a beating?  

Quote

The latter theory seems to have been bolstered by a new report early Friday from the New York Times claiming Robinhood has raised roughly $1 billion from existing investors like Sequoia Capital and Ribbit Capital.

 

[gotbeer]

Oh and so much for Robinhood trying to fix the market.  LOL.  Gamestop up 119 today.  Oh, and those stock option puts that they invested heavily in.  A penny.

Next up, Feb 5, where they are between a penny and a nickel. 

 

[St1ck]

15 minutes ago, gotbeer said:

Oh and so much for Robinhood trying to fix the market.  LOL.  Gamestop up 119 today.  Oh, and those stock option puts that they invested heavily in.  A penny.

Next up, Feb 5, where they are between a penny and a nickel. 

 

The fact that it's back up around its Wednesday close shows how much of a dick move it was by Robinhood to freeze buying yesterday. Especially since it dipped to around 140.

[gotbeer]

Haha.  Political but whatever.

'Cry Me a River': Sanders Hits Back as Billionaire Investor Whines About Potential Tax Hikes Amid GameStop Fiasco

[gotbeer]

13 hours ago, AngelsLakersFan said:

I just talked my friend into buying 6 shares.... lmao

If he bought it at $200 or lower, and sold it now, he made a mint.  

[Taylor]

2 hours ago, gotbeer said:

Haha.  Political but whatever.

'Cry Me a River': Sanders Hits Back as Billionaire Investor Whines About Potential Tax Hikes Amid GameStop Fiasco

Careful, there's a contingent here who will defend billionaires at all costs.

[Lhalo]

2 hours ago, st1ckboy said:

The fact that it's back up around its Wednesday close shows how much of a dick move it was by Robinhood to freeze buying yesterday. Especially since it dipped to around 140.

Robinhood is now limiting their clients to holding only 2 shares of GME at a time.

[St1ck]

4 minutes ago, Lhalo said:

Robinhood is now limiting their clients to holding only 2 shares of GME at a time.

Pricks 

[gotbeer]

BTW, I looked at other stocks since that article mentioned that there may have been other companies.  Nobody is seeing a big sustained boost like Gamestop.  But not mentioned in the article, JC Penny and Sears saw a big bump then leveling back also.  I'm just trying to think of other in peril companies to see if it was far more wide ranging than the article suggested.

[Slegnaac]

1 hour ago, gotbeer said:

BTW, I looked at other stocks since that article mentioned that there may have been other companies.  Nobody is seeing a big sustained boost like Gamestop.  But not mentioned in the article, JC Penny and Sears saw a big bump then leveling back also.  I'm just trying to think of other in peril companies to see if it was far more wide ranging than the article suggested.

Cruise ship companies?

[St1ck]

1 hour ago, gotbeer said:

BTW, I looked at other stocks since that article mentioned that there may have been other companies.  Nobody is seeing a big sustained boost like Gamestop.  But not mentioned in the article, JC Penny and Sears saw a big bump then leveling back also.  I'm just trying to think of other in peril companies to see if it was far more wide ranging than the article suggested.

They were trying to get companies like Blackberry, Nokia and AMC pumped up but none of those really caught on. Also apparently Blockbuster is still somehow a traded company. 

[gotbeer]

1 hour ago, Slegnaac said:

Cruise ship companies?

Looked up Carnival and Norweigian.  They saw a small bump on Wed, but have retreated to even lower to a weekly low.

[gotbeer]

 

This is so glorious.

FYI.  Blockbusters liquidating stock is BLIAQ.  Looking at Yahoo finance, their market cap is currently at $3.379 million.  Currently at 8 cents, when it was at 0.4 cents.  

[Lhalo]