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Discussion in 'Road Side Pub' started by derklug, Jan 28, 2021.

  1. venmos1

    venmos1 Well-Known Member Established Member

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    im new to the stock market game, but why werent they flagging these stocks as volatile when they were growing like crazy? It wasnt until after they realized what was going on at GME. then people went at AMC the same way. then everything changed. Just all of a sudden stopping people from buying a stock they bought hours before is not illegal?
     
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  2. Gravik

    Gravik Well-Known Member Established Member

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    Down to $193/share now

    Sent from my SM-G950U using Tapatalk
     
  3. Rb0891

    Rb0891 Premium Member Premium Member Established Member

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    Yes and I will lock my own balls if there was not any collusion going on...
     
  4. C2tuck

    C2tuck Well-Known Member Established Member

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    I miss Trump.
     
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  5. Corbic

    Corbic Well-Known Member Premium Member Established Member

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    Shorts prolly bought $2 billion at $240 and are hoping it crashes to $4 again and make all their money back.
     
  6. sleek98

    sleek98 Well-Known Member Established Member

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    its back to low-mid 200s after hours
     
  7. Pribilof

    Pribilof Life's Better @ Elevation Established Member

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    For something with as much news coverage as this all it takes is one firm to lock up trading then the other will do the same. Otherwise all the trading will just migrate to a different platform. The firms are in a tough spot. Some people are pissed that trading was restricted. Next week you'll hear from all the people who lost 60% of their money in 2 days this week complaining that the firms didn't prevent them from buying on Monday.

    No firm wants their name in the next headline:
    Apparent suicide by 20-year-old Robinhood trader who saw a negative $730,000 balance prompts app to make changes - CNN

    This is why alternative investments like private equity require investors to be either accredited investors or a qualified purchaser.

    Accredited Investor:
    • A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
    • A natural person who has an individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person
    • Professional investors are now included automatically under revisions to Reg D passed in August 2020.

    Qualified Purchaser:
    • an individual or a family-owned business that owns $5 million or more in investments. The term “investments” shouldn’t include a primary residence or any property used for business.
    • an individual or entity (for example, a fund manager) that invests at least $25 million in private capital, on its own account or behalf of other qualified purchasers;
    • a trust sponsored and managed by qualified purchasers; or
    • an entity owned entirely by qualified purchasers.
     
  8. Rb0891

    Rb0891 Premium Member Premium Member Established Member

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    Putting aside whether those rules are good - they probably are, I can't believe this is the first person that made a big financial mistake and killed themselves... certainly none of the "experts"
     
  9. 598

    598 Well-Known Member Established Member

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    The first time I saw this and really understood what was going on and how big enough money could rob anyone at any time, The Hunt boys got taken for a ride in their silver squeeze. How it ultimately unwound was a liquidation only order, which is exactly what was done here. Didn't force the Hunts to sell, but took away all the fuel to keep it going. Also a wonderful way for really big money guys to look like they lost their shirt in America and transfer that wealth offshore permanently. When you stick out too much successfully, there is always backdoor ways to take you down.
     
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  10. SolarYellow

    SolarYellow Sensei Premium Member Established Member

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    Lunch is for wimps.
     
  11. GarageLogic

    GarageLogic Member Established Member

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  12. Gravik

    Gravik Well-Known Member Established Member

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    Absolute insane return

    Sent from my SM-G950U using Tapatalk
     
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  13. C2tuck

    C2tuck Well-Known Member Established Member

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    I miss Trump.
     
  14. AustinJ427

    AustinJ427 Well-Known Member Established Member Beer Money Bros.

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    It's interesting it was only restricted to buying, and on several platforms across the spectrum, all at the same time.

    Nothing happened with Bitcoin which they allow trading with, when it rose 30% in like 2 days?

    Robinhood allows people to buy/sell options on 3x weighted ETFs on margin with nothing other than a warning, but an arbitrary amount of volatility has them killing only the purchase button?

    It's obvious this wouldn't have happened if Citadel wasn't on the hook for billions from shorts that were too arrogant to walk away after the first round. Anyone that had 01/29 115c's have lost thousands because they locked out the bulls.
     
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  15. Russo

    Russo Unofficial Glass Tech Established Member

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    they need to get together and buy Waitr next!!
     
  16. C2tuck

    C2tuck Well-Known Member Established Member

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    I think the SEC should lock out hedge funds and MM tomorrow and give the individual investors a day of there own. **** those guys.
     
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  17. lOOKnGO

    lOOKnGO Keep'um smiling Established Member

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    If it rides like doordash, that could be interesting.
     
  18. T.Man

    T.Man Well-Known Member Established Member

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    Kleptocrats will no doubt save and protect their precious Investor Class. Watch what comes down the pike next.
     
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  19. jeffh81

    jeffh81 Here’s KingBlack Established Member

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  20. me32

    me32 BEASTLY SHELBY GT500 TVS Moderator

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    Dirks9901 likes this.

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