Current Events > Stock Market General #11

(+) Yeah! (+)

Tactical_Spork posted...

They didnt halt crypto, they just made it so you cant buy it with the imaginary money they lend you until your real money actually transfers over

Yes but many wouldn't have deposited more had we known they suddenly without warning weren't going to allow the purchase of crypto.

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Tyranthraxus posted...

No idea. There's also a danger that Melvin Capital will dissolve and who the fuck knows what happens to the shorts at that point.

This is a pretty scary thought.

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CM_Ponch posted...

What does Robinhood have to gain by fucking over Doge

keeps the peasants poor

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NeonOctopus posted...

I have GME stocks in Robinhood. Say I open a Fidelity account and start buying stocks in GME there. Then I transfer my stuff from Robinhood to Fidelity. Will they add the stocks together or will one total "overwrite" another? >_>

Your stocks are your stocks. If you have 10 in the other account and transfer 10 from Robinhood then you'll have 20 total in the other account.

Robinhood charges a flat $75 for a transfer of any amount (could be one or all of your assets in the account) so keep that in mind, too.

3PiesAndAFork posted...

Would the money people are putting into RH clear over the weekend? I'm reading business days, which means if there is going to be a spike in dogecoin from the robinhooders it's not going to be until Monday at the earliest.

I believe the default instant deposit limit is $1,000 without Gold. So if you haven't put any money into the account all month and put in $1,000, you should be able to start buying first thing Monday morning with it. I haven't actually put money in on the weekend from what I remember so not 100% sure.

If you've already put in any money this month then that counts against the instant deposit limit - say you put in $500 and want to do an extra $1k, only $500 would be instantly deposited, the rest would come with the total $1k transferred from the bank in 4-5 business days.

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Just to clarify what @Hexenherz said: once your instant funds settle it starts your total instant deposit fresh again. It read like that was it for the month, but Ive always been able to clear it after a few days and instant deposit the max again after that.

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Hexenherz posted...

Your stocks are your stocks. If you have 10 in the other account and transfer 10 from Robinhood then you'll have 20 total in the other account.

Robinhood charges a flat $75 for a transfer of any amount (could be one or all of your assets in the account) so keep that in mind, too.

Thanks. Another question. Do you know long tt normally takes to transfer from 1 broker to another? Like is it automated and I can do it on the weekend instantly or does it take a few days and I don't have control of my account while the transfer is pending?

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NeonOctopus posted...

Thanks. Another question. Do you know long tt normally takes to transfer from 1 broker to another? Like is it automated and I can do it on the weekend instantly or does it take a few days and I don't have control of my account while the transfer is pending?

The latter. 3-5 business days but some people reporting because markets are so hammered it's up to 3 weeks. If there's a major selloff crisis your assets will be frozen during that time and you'll be fucked.

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Tyranthraxus posted...

The latter. 3-5 business days but some people reporting because markets are so hammered it's up to 3 weeks. If there's a major selloff crisis your assets will be frozen during that time and you'll be fucked.

Geez, dont want to be in that position. Alright, I'll just wait in the meantime on that transfer. Hopefully Robinhood doesn't have """server problems""" while GME squeezes.

Thanks man!

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The the second largest AMC shareholder sold its entire stake for $713 million. Reddit helped the rich get richer.

https://www.barrons.com/articles/amc-entertainment-investor-silver-lake-sells-stake-51611962182

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Returning_CEmen posted...

The the second largest AMC shareholder sold its entire stake for $713 million. Reddit helped the rich get richer.

https://www.barrons.com/articles/amc-entertainment-investor-silver-lake-sells-stake-51611962182

I think AMCs stock might crash on Monday because of that

kage_53 posted...

I think AMCs stock might crash on Monday because of that

It was already sold. The only reason it would crash is if others sell their shares now, not because of Silver Lake. It would be a stupid reaction considering we already saw a significant dip and it went back up close to where they sold at.

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kage_53 posted...

I think AMCs stock might crash on Monday because of that

This sale occurred on the 27th and it's why the stock dropped from $20

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Tagging for later

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RAAAWWWRRR posted...

Lol, if true then dodge . The rare people who pay for porn can now do it anonymously.

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Dogecoin prinz

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They probably don't have a choice cuz Mastercard and Visa arent lol

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AMC I wanna believe

just created a vanguard account ready and filled it up for monday

If reddit and retail investors wins this GME/AMC war how would the shorting people pay to cover their positions? Would it lead to a lot of the good non-meme stocks in the market being dumped to pay for it?

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Lebronwon posted...

If reddit and retail investors wins this GME/AMC war how would the shorting people pay to cover their positions? Would it lead to a lot of the good non-meme stocks in the market being dumped to pay for it?

Isn't that already happening? Wasn't that part of the sell off this week?

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Lebronwon posted...

If reddit and retail investors wins this GME/AMC war how would the shorting people pay to cover their positions? Would it lead to a lot of the good non-meme stocks in the market being dumped to pay for it?

Yes and that's functionally already happening.


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RAAAWWWRRR posted...

I'm gonna throw this random factoid out here.

Back when we had the HD/DVD vs. Blu-Ray format war, the one deciding factor that basically tipped the favor to Blu-Ray winning were the porn companies. They chose to release their material onto Blu-Ray instead.

TLDR: Buy DOGE because porn is backing it
Sidenote: I am not a financial advisor.

Tyranthraxus posted...

Yes and that's functionally already happening.

Sounds like then the obvious choice at that point would be to transition your gains from GME into those stocks.

Esrac posted...

Sounds like then the obvious choice at that point would be to transition your gains from GME into those stocks.

Well this is a game of chicken where one of the two players will swerve off

1. If you transition now, GME might rise further and other stocks may drop further
2. GME peak has already happened so staying with GME will cause losses
3. Market crash

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Tyranthraxus posted...

Well this is a game of chicken where one of the two players will swerve off

1. If you transition now, GME might rise further and other stocks may drop further
2. GME peak has already happened so staying with GME will cause losses
3. Market crash

Yeah. Truth be told, I was really considering selling my GME at $400 - 450 and just put it into so ETFs.

I do wonder, at what price point are folks here really expecting to sell at?

Tyranthraxus posted...

Well this is a game of chicken where one of the two players will swerve off

1. If you transition now, GME might rise further and other stocks may drop further
2. GME peak has already happened so staying with GME will cause losses
3. Market crash

Yea. Im wondering when is the squeeze going to be over with. Im using it to fund my buying of the more safe stocks. But it looking like as you said the squeeze could cause option 3 and crash the market.

If Robinhood adds more to their restricted list on Monday that would be interesting.

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Lebronwon posted...

Yea. Im wondering when is the squeeze going to be over with. Im using it to fund my buying of the more safe stocks. But it looking like as you said the squeeze could cause option 3 and crash the market.

If Robinhood adds more to their restricted list on Monday that would be interesting.

TBH, I wouldn't be sad about a market crash. Buy low and sell high right

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Smaxity posted...

TBH, I wouldn't be sad about a market crash. Buy low and sell high right

That's what I did during March 2020

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Market Crash? TVIX!

Can't believe I"m saying this but I wish this weekend was over already and Monday is here

Lebronwon posted...

Yea. Im wondering when is the squeeze going to be over with. Im using it to fund my buying of the more safe stocks. But it looking like as you said the squeeze could cause option 3 and crash the market.

If Robinhood adds more to their restricted list on Monday that would be interesting.

The guy with the most invested at wsb is still in. He could walk away with 45 million.

Hes still in because the shorts are still at 114%; meaning we havent seen the potential peak yet, the big squeeze. So who can wait longer, the ones holding the shorts or the ones diamond handing. Rational thinking says the hedge funds, but these Reddit stonk kids arent being rational and there are people buying in just to stick it to the proverbial man.

Well see how it goes

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SerenitySays posted...

I'm gonna throw this random factoid out here.

Back when we had the HD/DVD vs. Blu-Ray format war, the one deciding factor that basically tipped the favor to Blu-Ray winning were the porn companies. They chose to release their material onto Blu-Ray instead.

TLDR: Buy DOGE because porn is backing it
Sidenote: I am not a financial advisor.

This is true. Doesn't always work out that way though e.g. Laserdisc lol

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ToPoPO posted...

Market Crash? TVIX!

TVIX is delisted so its not possible to purchase.

UVXY is the next best bet and the replacement, essentially. Im holding hard onto a handful of shares and an ITM call option with a June exp date.

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Damn it doge

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Ended up buying doge due to everyone here. Let's see how it goes

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https://youtu.be/t0L3LIrNaTM

Lmao
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SerenitySays posted...

I'm gonna throw this random factoid out here.

Back when we had the HD/DVD vs. Blu-Ray format war, the one deciding factor that basically tipped the favor to Blu-Ray winning were the porn companies. They chose to release their material onto Blu-Ray instead.

TLDR: Buy DOGE because porn is backing it
Sidenote: I am not a financial advisor.

Doge doesnt approve of horny

ShyOx posted...

The guy with the most invested at wsb is still in. He could walk away with 45 million.

Hes still in because the shorts are still at 114%; meaning we havent seen the potential peak yet, the big squeeze. So who can wait longer, the ones holding the shorts or the ones diamond handing. Rational thinking says the hedge funds, but these Reddit stonk kids arent being rational and there are people buying in just to stick it to the proverbial man.

Well see how it goes

I'm guessing this is only GME.

If you own BB, NOK, AMC, it different? I'm thinking im screwed on NOK. I got in around 5.30 and it doesn't seem to be pumped anymore along with the Robinhood restrictions.

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Reddit aint sellin bro. This stock is going to like 750

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ktownslayer16 posted...

Reddit aint sellin bro. This stock is going to like 750

750 Lmao that ain't the moon

ktownslayer16 posted...

Reddit aint sellin bro. This stock is going to like 750

Hopefully it works but I remember people saying ZOM would go to $3 on that run up and when it crashed back down I haven't heard it mentioned in weeks. I got out at right time with a previous pump in ATOS recently and that also hasn't been mentioned much since that pump.

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If you fuckers actually want to make some money take advantage of the high IV on AMC and NOK.

Lebronwon posted...

Hopefully it works but I remember people saying ZOM would go to $3 on that run up and when it crashed back down I haven't heard it mentioned in weeks. I got out at right time with a previous pump in ATOS recently and that also hasn't been mentioned much since that pump.

was ZOM just a "haha" thing that's over or was there legs to ZOM?

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Some rumors out that Gilead might be collaborating with Enzolytics

if true Im gonna pay off my fucking house

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The Trent posted...

was ZOM just a "haha" thing that's over or was there legs to ZOM?

ZOM is releasing a new product in March, Truforma. If that's successful we'll see some big gains.
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oh cool
for some reason i have 200 shares of zom
e: 2000

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