Current Events > Stock Market General #11

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emblem boy
01/29/21 7:54:24 PM
#151:


AngelsNAirwav3s posted...
darkphoenix181 posted...
If that was the case, why couldn't CEO just say this?

Instead he was all over the place. So this makes me think this is not actually why the are limiting.

I am definitely just speculating, but there is a lot of detail in this interview:

https://finance.yahoo.com/news/robinhood-ceo-refutes-game-stop-hedge-fund-conspiracy-theory-and-reveals-what-actually-happened-234600703.html

Obviously he didn't outright say they are fucked, but he also didn't say when people will be able to trade freely again. It just seems that other trading platforms came back within a day for trading, while RH added dozens of more companies to the list, and basically made it so you can't buy anything in those stocks. Only 1 stock per company, as long as you don't own any already.


Ya, I'm thinking people are getting to conspiratorial about this shit.

Robinhood is known for..well being over their heads. How many times has wall street bets people found a way to game Robinhood. They have bad risk management.

It doesn't surprise me that they literally just couldn't afford to have people buy the shares because they went in over their heads. They're incompetent and have bad communication
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Makeveli_lives
01/29/21 7:54:25 PM
#152:


So we're holding AMC until Monday, if the shorts expire today over 9 bucks and it's like 13 right now we're good to boost the price to 40 per share. Might be some crazy shit and we get to 100+ but I ain't holding out for the second coming of Gamestop just yet lol

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emblem boy
01/29/21 7:55:17 PM
#153:


Anyway, so apple and tesla have dipped down hard. Like... I gotta put money into this shit next week right?
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Bishop9800
01/29/21 7:55:48 PM
#154:


So any advice on what I should buy?

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Makeveli_lives
01/29/21 7:56:41 PM
#155:


Bishop9800 posted...
So any advice on what I should buy?
AMC, AMD, Gamestop.

Twitter, Facebook, Tesla, Apple

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BilalPowell
01/29/21 7:57:50 PM
#156:


Makeveli_lives posted...
AMC, AMD, Gamestop.
Dont buy those until Robinhood stops intentionally crashing them.

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ShyOx
01/29/21 8:01:14 PM
#157:


BilalPowell posted...
Dont buy those until Robinhood stops intentionally crashing them.
? wtf no buy now while they're low, the crashing is good for short term investors.

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Makeveli_lives
01/29/21 8:05:24 PM
#158:


ShyOx posted...
? wtf no buy now while they're low, the crashing is good for short term investors.
I mean they wouldn't go through until Monday so just wait to see what the price is when the markets open.

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NeonOctopus
01/29/21 8:11:17 PM
#159:


lilORANG posted...
Anyone successfully transfer from RH to Fidelity yet? Is it easy enough?
I want to hear the answer to this too >_>

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Lunar_Savage
01/29/21 8:36:34 PM
#160:


https://youtu.be/asDlYjJqzWE

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2Pacavelli
01/29/21 8:41:37 PM
#161:


I have a feeling AMD Stock will blast off Monday. Because they were limited unwarrantedly and real investors see it as a great investment too
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kage_53
01/29/21 8:46:09 PM
#162:


GME will open up between $400-$600 on Monday. It closed yesterday at $197 and opened up today at $328. This might really go over $1000.
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Spinal163
01/29/21 8:46:10 PM
#163:


2Pacavelli posted...
I have a feeling AMD Stock will blast off Monday. Because they were limited unwarrantedly and real investors see it as a great investment too
Until the squeeze of gamestop/other highly shorted stocks are back to normal, I think the overall market will be down. Hedge Funds and other big investors that are deep in the short will need to let go of the good stocks they have on hand to cover.
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2Pacavelli
01/29/21 8:48:00 PM
#164:


Spinal163 posted...
Until the squeeze of gamestop/other highly shorted stocks are back to normal, I think the overall market will be down. Hedge Funds and other big investors that are deep in the short will need to let go of the good stocks they have on hand to cover.

Okay thanks for the info
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Hexenherz
01/29/21 8:48:12 PM
#165:


samurai bandit posted...
Those who use Fidelity, can you help answer:

1. How long does it take fidelity to verify an account?
2. How long does it take them to verify a bank account so i can make transfers?
3. How long does it take for that money to be available for purchasing stocks?
4. Does it have any fees?

The exchange i regret signing up for has been giving me headaches for a week and I still cant buy a damn thing due to the wait times. I wonder if switching to Fidelity would work.
Fidelity took all of like ten minutes to set up, just to see if they supported any sort of instant deposits I put $200 in and it let me buy within seconds BUT you have to wait for the money to actually transfer from the bank to the account to cover the purchase before you can sell. The warning they gave was that if you buy on instant and sell before the purchase is fully closed three times in 12 months then they will put a limit on your account for 90 days to prevent you from doing it. I don't know if there's any other serious repercussions but I don't wanna risk anything there lol. That being said they say it takes 1-2 days for the bank transfer to clear which is faster than anything I've seen on Robinhood.

No fees for regular trades.

I haven't initiated the transfer from RH yet since I have dividends pending next week and I don't want those to get fudged up, plus i am trying to figure out if I can still get electronic tax documents through my RH account after the transfer

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Makeveli_lives
01/29/21 8:49:08 PM
#166:


Spinal163 posted...
Until the squeeze of gamestop/other highly shorted stocks are back to normal, I think the overall market will be down. Hedge Funds and other big investors that are deep in the short will need to let go of the good stocks they have on hand to cover.
So AMC is safe? I'm fine to lose money on everything else and hold for a year or two. None of that matters as long as AMC takes off. The profit will mitigate and cover everything else I could lose since I've only got 500 on everything else. Then I can take the AMC profit and re invest in the big stable stocks like Tesla and apple and hold those for a year and it's all gravy from there.

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The X Dawg
01/29/21 8:49:09 PM
#167:


kage_53 posted...
GME will open up between $400-$600 on Monday. It closed yesterday at $197 and opened up today at $328. This might really go over $1000.

It closed at $197 because of the limits and the fuckery. With more opportunities to buy yesterday it obviously rose.

We will see what the bastards due this weekend in preparation to put their food down on the little guy.
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FabIe
01/29/21 8:49:53 PM
#168:


So... is dogecoin dead or should I keep holding?

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2Pacavelli
01/29/21 8:51:04 PM
#169:


I cant call it on DOGE coin. Its very unpredictable it pumps hard and crashes hard
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darkprince45
01/29/21 8:52:43 PM
#170:


Im just holding doge for a year fuck it. Might as well. If it even reaches a dollar in its life. Im set

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Vigrim
01/29/21 8:53:09 PM
#171:


Esrac posted...
What should that mean, exactly?
https://i.imgur.com/f0JDEdW.png

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3PiesAndAFork
01/29/21 8:57:03 PM
#172:


FabIe posted...
So... is dogecoin dead or should I keep holding?
Personally I'm holding, but I only put in what I'm willing to gamble and my average buy-in $0.02 CAD. I would rather risk losing the profits I have right now for the chance at something more, but I know that risk isn't for everyone.

Whether it's dead or not, who knows. When people are able to buy more, whether by RH loosening restrictions or jumping to another platform, who knows if the meme will still be going on.

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AtelierRyza2462
01/29/21 8:58:02 PM
#173:


InhumaneRaider posted...
So how long do we hold for AMC?

As long as it takes
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2Pacavelli
01/29/21 8:58:13 PM
#174:


DOGE coin is definitely not dead I feel it will be here for the future. I just don't know if its overpriced right now and will come crashing down temporarily. Who knows though
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BigHentaiBoobie
01/29/21 8:59:52 PM
#175:


Is there anywhere else to buy doge directly? Robinhood ain't letting me.

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kage_53
01/29/21 9:02:38 PM
#176:


The X Dawg posted...
It closed at $197 because of the limits and the fuckery. With more opportunities to buy yesterday it obviously rose.

We will see what the bastards due this weekend in preparation to put their food down on the little guy.

There were limits today too. Robinhood put a limit of 5 stocks and prevented people who have stock from buying more. Then they restricted the stocks to 1 share. Despite that, it still held $300+ for the day.

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Tactical_Spork
01/29/21 9:03:01 PM
#177:


it might also go up again in a few days once peoples money transfers go through on rh and they can buy it again

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2Pacavelli
01/29/21 9:04:18 PM
#178:


You can get it off Atomic Wallet.

If you have Coinbase, buy some XLM send it to Atomic Wallet then exchange your XLM for DOGE
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Conker
01/29/21 9:05:58 PM
#179:


BigHentaiBoobie posted...
Is there anywhere else to buy doge directly? Robinhood ain't letting me.

When did you signup? It can take 1-5 business days for funds to settle from transfer and RH currently is requiring that to spend on crypto.

Everyone that has ripped on them for it must not know that other brokers are usually about the same, sometimes more strict. Not sure about crypto, but for example Fidelity and Chase can take 3-5 days to verify a bank account to be able to trade at all. Chase restricts lots of shit like penny stocks, no pre/after market trading, and various other limitations.

Fidelity is great but doesnt hVe crypto and is definitely more difficult to get into than RH.

I havent used TD in years but I always felt it was about the same as Fidelity.

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RAAAWWWRRR
01/29/21 9:16:47 PM
#180:


FabIe posted...
So... is dogecoin dead or should I keep holding?
Personally for me i'm holding my 16K coins (maybe more in the future).

We never know if this can skyrocket in the future or not. This is just the beginning too.

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PaunchyTurtle53
01/29/21 9:20:41 PM
#181:



This was featured on iFunny.

Pump and dump 2.0?

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ShyOx
01/29/21 9:22:40 PM
#182:


I have a new easy way to buy doge. Get Abra, then deposit Bitcoin into it using cash app. Boom, you can use btc to buy doge

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samurai bandit
01/29/21 9:22:52 PM
#183:


Hexenherz posted...
Fidelity took all of like ten minutes to set up, just to see if they supported any sort of instant deposits I put $200 in and it let me buy within seconds BUT you have to wait for the money to actually transfer from the bank to the account to cover the purchase before you can sell. The warning they gave was that if you buy on instant and sell before the purchase is fully closed three times in 12 months then they will put a limit on your account for 90 days to prevent you from doing it. I don't know if there's any other serious repercussions but I don't wanna risk anything there lol. That being said they say it takes 1-2 days for the bank transfer to clear which is faster than anything I've seen on Robinhood.

No fees for regular trades.

I haven't initiated the transfer from RH yet since I have dividends pending next week and I don't want those to get fudged up, plus i am trying to figure out if I can still get electronic tax documents through my RH account after the transfer

Thanks, how did you put in $200? Did you have to wait the 2 days for the bank account to clear.

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Conker
01/29/21 9:25:36 PM
#184:


Come on good Doge, break $.06 please!!! Im down $250 since buying at $.069 last night. I need money for Monday to buy into GME on a dip.

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Jagr_68
01/29/21 9:25:54 PM
#185:


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RAAAWWWRRR
01/29/21 9:26:38 PM
#186:


Man how long does it take for Binance to verify my account? Only finished it a few hours ago but I have a feeling this can take days.

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pogo_rabid
01/29/21 9:35:41 PM
#187:


A live graph of the gamestop stonks in meme form
https://twitter.com/rabidpirate/status/1355343497864368129

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CE_gonna_CE
01/29/21 9:37:05 PM
#188:


pogo_rabid posted...
A live graph of the gamestop stonks in meme form
https://twitter.com/rabidpirate/status/1355343497864368129
Lmao. That really puts it in perspective.

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anttttt
01/29/21 9:37:37 PM
#189:


got my money earlier (usually i get it on the first) so i have some to play with but sadly amc is still restricted and i get rejected from every other site

guess i gotta wait out the limit
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#190
Post #190 was unavailable or deleted.
3PiesAndAFork
01/29/21 9:41:44 PM
#191:


Conker posted...
Come on good Doge, break $.06 please!!! Im down $250 since buying at $.069 last night. I need money for Monday to buy into GME on a dip.
69 never fails. You've got meme on meme here.

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RAAAWWWRRR
01/29/21 9:41:44 PM
#192:


Alright gonna ask the common question as usual...

Is it still worth Buying Gamestop atm? Or sometime this weekend if it ever dips? I still regret buy not buying at least 2 or 3 shares. Man.. I should've started all of this last year. Literally investing was one of my 2020 goals yet was slacking. Glad i've finally joined the party rn though. Makes me asked myself why I haven't done this since HS (i'm 24 rn).

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#193
Post #193 was unavailable or deleted.
Dark_Koopatrol
01/29/21 9:48:46 PM
#194:


Man, Dogecoin is plummeting fast. Are that many people selling it now? Why?
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Hexenherz
01/29/21 9:48:52 PM
#195:


samurai bandit posted...
Thanks, how did you put in $200? Did you have to wait the 2 days for the bank account to clear.
It worked like instant deposits in Robinhood - just requested $200 be transferred from my linked bank account to the Fidelity account.

It tells you if it'll charge a commission for the buy order, and then it will give you a warning about violating good faith trading rules if you try to sell the stock too soon after buying it (pretty sure it's just until the money officially transfers from your bank account to the investment account - it could be at the end of the day that the transfer happens, don't know exactly when the purchase order 100% clears).

RAAAWWWRRR posted...
Alright gonna ask the common question as usual...

Is it still worth Buying Gamestop atm? Or sometime this weekend if it ever dips? I still regret buy not buying at least 2 or 3 shares. Man.. I should've started all of this last year. Literally investing was one of my 2020 goals yet was slacking. Glad i've finally joined the party rn though. Makes me asked myself why I haven't done this since HS (i'm 24 rn).

RAAAWWWRRR posted...
Alright gonna ask the common question as usual...

Is it still worth Buying Gamestop atm? Or sometime this weekend if it ever dips? I still regret buy not buying at least 2 or 3 shares. Man.. I should've started all of this last year. Literally investing was one of my 2020 goals yet was slacking. Glad i've finally joined the party rn though. Makes me asked myself why I haven't done this since HS (i'm 24 rn).
You can't buy shares on the weekend cus the market's closed. Might be able to buy crypto but not regular stocks.

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indica
01/29/21 9:53:04 PM
#196:


darkphoenix181 posted...
Do they? Or does the New York stock exchange do that?

Actually Chris Cuomo answers that question here I believe.

https://www.youtube.com/watch?v=6fs_lyGn4YA

Basically, Robinhood shouldn't be limiting the stock until the New York Stock exchange says they suspect foul play or the like in the company the stock is of.
Yeah, that CEO gave no factual reason as to what they did. He was just talking out of his ass. It's obvious what they did was at the behest of their hedgefund investors. Fuck Robin Hood!

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RAAAWWWRRR
01/29/21 9:53:24 PM
#197:


Hexenherz posted...
It worked like instant deposits in Robinhood - just requested $200 be transferred from my linked bank account to the Fidelity account.

It tells you if it'll charge a commission for the buy order, and then it will give you a warning about violating good faith trading rules if you try to sell the stock too soon after buying it (pretty sure it's just until the money officially transfers from your bank account to the investment account - it could be at the end of the day that the transfer happens, don't know exactly when the purchase order 100% clears).

You can't buy shares on the weekend cus the market's closed. Might be able to buy crypto but not regular stocks.
ohhhh I see. Thanks for that.

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refmon
01/29/21 9:53:55 PM
#198:


Is dogecoin still a real buy?

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littlebro07
01/29/21 9:54:58 PM
#199:


refmon posted...
Is dogecoin still a real buy?

do it

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Background_Guy
01/29/21 10:00:58 PM
#200:


Will the GME squeeze happen?
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