cheap stocks
01-28-2021 | 08:56 AM
#291
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Joined: Jun 2007
Posts: 7,309
Likes: 1,815
From: Merritt Island, FL
Same BullCh!t Dan if Wallstreet had bulldozed Gamestop it be OK but since the new era of Robinhood investors put the screws to Wallstreet now we need an investigation .. LOL John Stark, former director of the SEC’s office of Internet enforcement, said the commission almost certainly has taken the first steps to investigate the trading activity. .my Kidz were in & out of it as i guess its was on the message boards what these robinhoods were doing ... I guess its a new age
Talk about screwed up.
01-28-2021 | 12:46 PM
#293
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Joined: Dec 2017
Posts: 178
Likes: 181
01-28-2021 | 05:57 PM
#294
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Joined: Nov 2015
Posts: 198
Likes: 45
From: West Michigan
Im going to put a disclaimer out first that I have never actually traded stocks, but I enjoy following along and would like to start trading someday. Listening to a morning show today they were talking about this game stop deal going on. I somewhat understand what's going on but I am curious if some of you guys have any insight on it? The morning show explained it pretty well and made it sound like a good thing.
From what I understand:
-Game stop's end was in the near future and people were betting this would happen and make good money if it did.
-Instead of game stop going out, money is poured into them making there value go way up...(something like 10,000x??)
-The people betting on them to go bankrupt lose a whole bunch of money
From what I understand:
-Game stop's end was in the near future and people were betting this would happen and make good money if it did.
-Instead of game stop going out, money is poured into them making there value go way up...(something like 10,000x??)
-The people betting on them to go bankrupt lose a whole bunch of money
It will be interesting to see how Robinhood makes out after today's decision to halt trading while at some big firms they traded as usual--leaving their clients holding the bag!
Last edited by 1960brookwood; 01-28-2021 at 06:05 PM.
01-28-2021 | 06:16 PM
#296
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Joined: Nov 2015
Posts: 198
Likes: 45
From: West Michigan
A quick read--It seems they may become a victim of their own success: "Robinhood also told users it may close out some of their positions as it takes steps to reduce account risks"
Article here: https://finance.yahoo.com/news/robin...214509076.html
Article here: https://finance.yahoo.com/news/robin...214509076.html
01-28-2021 | 07:34 PM
#297
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Joined: Jun 2010
Posts: 4,806
Likes: 891
A quick read--It seems they may become a victim of their own success: "Robinhood also told users it may close out some of their positions as it takes steps to reduce account risks"
Article here: https://finance.yahoo.com/news/robin...214509076.html
Article here: https://finance.yahoo.com/news/robin...214509076.html
the same clearinghouse (citadel) who bailed out Melvin capital is at the root of telling RH and TD to suspend trading. Talk about market manipulation.
01-28-2021 | 07:37 PM
#298
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Joined: Sep 2006
Posts: 1,705
Likes: 874
From: Cedar Rapids Iowa, LOTO, Cape Coral Fl.
The swamp is filling back up with those that are all for themselves. Janet Yellen, our new Treasury Secretary and past Federal Reserve Chair has made $7M in the past 2 years on speaker fees, including from Citidel and Citi. Do you think that Citidel (shorted GME) has her ear? Do you think that she leaned on the aps to shut down? Something does not smell good. My bet is the Republicans will be loaded for the mid terms in 2 years with enough evidence of true corruption.
https://www.vox.com/22213886/janet-y...ial-disclosure
https://www.vox.com/22213886/janet-y...ial-disclosure
01-28-2021 | 08:19 PM
#299
Registered
Joined: Feb 2013
Posts: 1,458
Likes: 388
Im going to put a disclaimer out first that I have never actually traded stocks, but I enjoy following along and would like to start trading someday. Listening to a morning show today they were talking about this game stop deal going on. I somewhat understand what's going on but I am curious if some of you guys have any insight on it? The morning show explained it pretty well and made it sound like a good thing.
From what I understand:
-Game stop's end was in the near future and people were betting this would happen and make good money if it did.
-Instead of game stop going out, money is poured into them making there value go way up...(something like 10,000x??)
-The people betting on them to go bankrupt lose a whole bunch of money
From what I understand:
-Game stop's end was in the near future and people were betting this would happen and make good money if it did.
-Instead of game stop going out, money is poured into them making there value go way up...(something like 10,000x??)
-The people betting on them to go bankrupt lose a whole bunch of money
