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The Official GME shares thread

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    #81
    "193.60 USD −152.77 (44.11%)
    Closed: 28 Jan, 19:59 GMT-5 · Disclaimer
    After hours 311.99 +118.39 (61.15%)"

    The show must go on.

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      #82
      IT'S POWER TO THE TRADERS NOW : wallstreetbets

      They are good at memes!

      But they did not use ' in the URL for it's

      Comment


        #83
        Ah so Robinhood is bricking it -

        “The company said it would “open up trading for some of these securities in a responsible manner” — an announcement that sent an immediate jolt through markets. GameStop shares jumped more than 60 per cent in overnight trading, reversing a drop of 44 per cent on Thursday. Shares in AMC and BlackBerry also reversed much of their losses.”

        Subscribe to read | Financial Times

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          #84
          Interesting comment in the above article -

          “ It looks like Perteffy has given the game away.

          In his interview 2 hours ago he admitted IB suspended trading to "protect ourselves" and that the entire system might collapse because the short squeeze could be infinite collapsing brokers and then market makers. He tried to change his sentence but it was too late.

          He has demanded the trading be halted until the stock returns to $17 and shorts can unwind.

          They might suspend the entire thing tomorrow. This level of corruption and collusion is insane.

          Reaters are reporting the short losses could be 70Billion or more. Today, some fractional shares were being filled at $2400 limit.

          It seems the apes are holding strong and not selling. The squeeze has not yet begun to squoze”
          As we know “collusion” is not a crime...

          Feckers realised that kids ain’t going to sell if they are blocked from buying (and selling on some platforms)
          Last edited by AtW; 29 January 2021, 07:39.

          Comment


            #85


            Nice admission - scammers got caught by kids, now they care about collapse of the whole scam

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              #86
              Dirty secret is rearing ugly head - fooking brokerages don’t buy real shares when their customers “buy” them?

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                #87
                Every person who came out of the cinema angry and depressed after watching The Big Short will be doing fist pumps at the moment...
                "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                - Voltaire/Benjamin Franklin/Anne Frank...

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                  #88
                  Great movie that was, but this situation is more closely resembling the Margin Call movie... or maybe Boiler Room?

                  Comment


                    #89
                    Settlement day on the GME options tomorrow means that the losers have to transfer money to the winners . If the losers can’t pay - let’s say because they have been wiped out and do not have Ken Griffin and Steve Cohen to back them - then the losses will be democratized amongst the clearing house members . Those members were in damage control mode today - they have a responsibility to the other members and then to the regulator . This is an old record we have seen it many times before - who carries the can of the losers ? The SEC solved that riddle after the crash of ‘29 and the answer ( in part ) is the broker . Because they signed up a bunch of people who got in over their head .

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                      #90
                      Originally posted by AtW View Post
                      Dirty secret is rearing ugly head - fooking brokerages don’t buy real shares when their customers “buy” them?
                      This is news to you? This is how the markets work. Brokers sit in the middle taking trades and match them against other people making the "opposite" trades; they make their margin from the bid/offer spread.

                      So, at any one time, a broker could have an open book of either outstanding buys or outstanding sells for a particular share. The balance of that book is what pushes the price up or down. If that book becomes too imbalanced one way, the broker might choose not to accept either buy or sell trades until they can make it more balanced.

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