NexusFi: Find Your Edge


Home Menu

 





WallStreetBets reddit (GME GameStop)


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one Big Mike with 28 posts (54 thanks)
    2. looks_two SMCJB with 21 posts (76 thanks)
    3. looks_3 BertV with 20 posts (21 thanks)
    4. looks_4 forrestang with 16 posts (24 thanks)
      Best Posters
    1. looks_one TheShrike with 4.7 thanks per post
    2. looks_two SMCJB with 3.6 thanks per post
    3. looks_3 Silver Dragon with 3.6 thanks per post
    4. looks_4 Big Mike with 1.9 thanks per post
    1. trending_up 38,433 views
    2. thumb_up 507 thanks given
    3. group 648 followers
    1. forum 243 posts
    2. attach_file 28 attachments




 
Search this Thread

WallStreetBets reddit (GME GameStop)

  #191 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238

Too much serious talk going on in this thread. Need to lighten the mood!

Robert




nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
Battlestations: Show us your trading desks!
26 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
17 thanks
  #192 (permalink)
BertV
New Haven, CT
 
Posts: 80 since Nov 2014
Thanks Given: 73
Thanks Received: 85

It doesn't matter whether RH acted legally or not there fact is they destroyed their brand. The only reason there hasn't already been account closures en masse is because people don't want the hassle of transferring their $gme. Read all the technical legalese you want every broker makes you sign an arbitration agreement I am sure RH is the same. Lawsuit is DOA but RH is circling the drain slowly. Looks like fidelity is the largest gme shareholder and the wsb crew is imploring everyone to open an account with them. RH and their crappy marketing is done.

Reply With Quote
Thanked by:
  #193 (permalink)
BertV
New Haven, CT
 
Posts: 80 since Nov 2014
Thanks Given: 73
Thanks Received: 85


Is roaring kitty connected to Harry Markoplos?

Reply With Quote
  #194 (permalink)
 tradersink 
Newfields, NH
 
Experience: Advanced
Platform: Tradestation
Posts: 21 since Aug 2009
Thanks Given: 0
Thanks Received: 11

When you pull back the media hype and all the noise around what is actually happening you realize that although this may have been started, it was not the sole doing of the retail investor. Yes it makes for some fantastic headlines, "a new paradigm", "the rise of the retail investor", blah blah. Peel back the onion and the reality is that 60% of the float is held by institutional investors, this would not have been possible without them just standing by and watching it unfold, the wont sit by and watch their Billions of gains evaporate. Yes hedge funds lost billions, but most of those Billions went to other hedge funds, wealthy investors, and institutional investors. The run up has been so dramatic that new shorts will come in at these and if it goes higher even more will come in. This is not as David vs Goliath story as many think as they pile money in to fight the good fight. This is Goliath vs Goliath, with David getting in a few kicks to the shins. Yes new Robinhood millionaires will be printed the early buyers holders will back some nice profits if the are smart enough to get out and dont get lost in the stupidity that this is the way to support Gamestop, its not if the want support Gamestop they should buy from the store. The End$GME is billionaires were lost and made amongst the billionaires, the foolish holders and latecomers will be left holding the bag and the shorts old or new will get their pound of flesh.

As for Robinhood and others that prevented buying, I hope they get theirs both from regulators and the account holders. I for one closed my account and I didn't even have any skin in this fight.

In the grand picture nothing much will change for Wallstreet, even if regulations are put in they will eventually go away if anything the retail investor will get more restrictions. I'm sure everyone is aware of how they gave it to wallstreet last time buy limiting day trading to the retail investors.
Thats my two cents for what its worth.

Reply With Quote
  #195 (permalink)
scalpingguru
New York, by
 
Posts: 1 since Nov 2020
Thanks Given: 1
Thanks Received: 0


tradersink View Post
When you pull back the media hype and all the noise around what is actually happening you realize that although this may have been started, it was not the sole doing of the retail investor. Yes it makes for some fantastic headlines, "a new paradigm", "the rise of the retail investor", blah blah. Peel back the onion and the reality is that 60% of the float is held by institutional investors, this would not have been possible without them just standing by and watching it unfold, the wont sit by and watch their Billions of gains evaporate. Yes hedge funds lost billions, but most of those Billions went to other hedge funds, wealthy investors, and institutional investors. The run up has been so dramatic that new shorts will come in at these and if it goes higher even more will come in. This is not as David vs Goliath story as many think as they pile money in to fight the good fight. This is Goliath vs Goliath, with David getting in a few kicks to the shins. Yes new Robinhood millionaires will be printed the early buyers holders will back some nice profits if the are smart enough to get out and dont get lost in the stupidity that this is the way to support Gamestop, its not if the want support Gamestop they should buy from the store. The End$GME is billionaires were lost and made amongst the billionaires, the foolish holders and latecomers will be left holding the bag and the shorts old or new will get their pound of flesh.

As for Robinhood and others that prevented buying, I hope they get theirs both from regulators and the account holders. I for one closed my account and I didn't even have any skin in this fight.

In the grand picture nothing much will change for Wallstreet, even if regulations are put in they will eventually go away if anything the retail investor will get more restrictions. I'm sure everyone is aware of how they gave it to wallstreet last time buy limiting day trading to the retail investors.
Thats my two cents for what its worth.

Well said!

Reply With Quote
  #196 (permalink)
 Chile 
Boston Massachusetts
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES, Crude CL, Gold GC
Posts: 31 since Dec 2015
Thanks Given: 8
Thanks Received: 14

I AM NOT INTO GME. I want to get into something. my understanding is they are looking to go into silver next.

https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver


i like the idea of the silver squeeze.

what do you guys think about silver as a squeeze play.

Reply With Quote
  #197 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192

Not sure if people saw it (I hadn't) but this is the original Reddit post.... Starts with "Sup gamblers"!

https://www.reddit.com/r/wallstreetbets/comments/ip6jnv/the_real_greatest_short_burn_of_the_century/


This is an interesting twitter thread by somebody reportedly to be a stat-arb trader. Interesting in that it actually has an interesting explanation of what stat-arb is and how it provides liquidity to the markets, but also what the potential consequences of moves like this are.




Here's a Reuters article on the legalities....

Reuters:- Analysis: Robinhood and Reddit protected from lawsuits by user agreement, Congress
https://www.reuters.com/article/us-retail-trading-robinhood-liability-an-idUSKBN29Z0HI


This is a tweet about something funny that happened in SF yday related to Robinhood. (Has pictures and video. Something similar happened in Houston this week as well, but with a sign begging the Team owners to sell the Texans!)


Reply With Quote
Thanked by:
  #198 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748

I've had a reddit account for a while, though I hardly look at /r/wallstreetbets. From recently perusing it, it seems to have amassed about over six million new subscribers since the commotion started. A lot of them seem to be disenfranchised, disgruntled young people, mainly gen-Z, or millenials , with many claiming to put in their GME share as a virtual anti-wall st. "protest" buy. And during this past covid year, there seem to be have been reported at least a million more newcomers to retail trading or investing. I guess, in summary of my thoughts on this, I'm kind of concerned this may lead to overreacted regulation action by the feds and lawmakers, and I dread a future FTT coming sooner.

Visit my NexusFi Trade Journal Reply With Quote
  #199 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

A meme https://en.wikipedia.org/wiki/Meme explains how Bitcoin get its value, how "Alternative facts" has its followers. If a meme collects large group of followers history could be altered, witness Jan 6 event with Q guy leading the charge if officer Eugene Goodman made a turn in diff direction we could be all under Martial law by now. This is to say short sellers have been presenting their facts for a long time until a WSB guy presented his facts. Just like the Jan 6 crowd when someone ready "prepare to die", for the WSB followers somebody was prepare to have the margin call. It will not be just another dot com bubble, it feels different this time.

Reply With Quote
Thanked by:
  #200 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
Posts: 1,329 since Jun 2010
Thanks Given: 354
Thanks Received: 1,047


Does anyone following wsb know the situation on Silver now?

The market is too big I would imagine, but would they be able to target smaller, silver-specific products/instruments?

Reply With Quote




Last Updated on March 3, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts