New GameStonk thread

Discussion in 'Stocks & Derivatives' started by jultorsk, Jan 29, 2021.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    If we take the leaf of GME. Increase margin to 100%, ban you from buying SLV (Robinhood already does this for more than 1 stock). What else?
     
  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    They are already limited on some silver stonks because the silver buying started last week and its underway.
    Robinhood now has a slurry of lawsuits coming at them from all directions and they will be out of business soon.
    Everyone is closing their accounts and pulling out from there. They dont have much time left.
    Other platforms dont have limits or at least not yet.
     
  3. Millennial Engineer

    Millennial Engineer Well-Known Member

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    Took a brief glance over Reddit.

    Was a thread saying that Hedgefunds were selling their long positions to cover their shorts and that could trigger a sell off in the share markets.
     
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  4. crewy

    crewy Active Member

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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Let me see if I get this right...

    Screen Shot 2021-02-01 at 1.54.48 pm.png
    Snakes, vampire squid = pigs

    Hedge funds and JP Morgan to the slaughter.

    Apes, diamond hands = chicken tendies.

    Regular people holding out to the end get the big profits.

    How'd I go? :p
     
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  7. crewy

    crewy Active Member

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    Seems like WSB smell a rat with the silver squeeze narrative, saw a post going into detail about cost to buy in being too high to affect any real change in the market. Will try and find it later to post, was quite interesting
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    SLV=iShares=BlackRock=the top of the pyramid
    GME was a one off spectacular against an unexpecting small cap hedge fund.
    This silver episode is just a psy op
     
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Dunno, theres now a separate reddit r/wall street silver set up to not take the limelight off GME so the fact thats done dilutes the above theory for me.
    Anyway Im rolling the dice just based on fact physical supplies visibly reduced at retailers the past week and price increase so Im throwing a few $K at PSLV like a retard and will see how it goes
     
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  10. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    Not bad, here's my fave

    GME=Banana
    monke stronk, monke hold Banana
     
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  11. crewy

    crewy Active Member

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    Look I dunno, but silver ~30usd!
     
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  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Lol.

    Apparently "Smoking is a leading cause of stronk."
     
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  13. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Protection are allready in place, they can pay out USD instead of physical allready in the contracts
     
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  14. crewy

    crewy Active Member

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  15. goldpelican

    goldpelican Administrator Staff Member

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    People get so greedy. Use to be chicken nuggies was enough.
     
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  16. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Its going to be interesting to see the collateral damage of this...not just to "diamond hands" that wont sell but also to robinhood and Etoro

    For those that dont know Etoro is getting slammed for imposing uneditable and unremovable 20% stop losses on $GME bought on opening bell Monday for several hours.

    As it happened prices did fall more than 20% triggering autosells of peoples GME holdings.


    Obviously those that wanted to hold kicked up a fuss and Etoro 48hrs after the fact emailed people with

    "We would like to offer our deepest apologies for the Stop Loss error that occurred on February 1st. You will receive a refund.


    On Monday, February 1st 2021, the maximum Stop Loss on some stocks was set to 20% in error. This issue only affected users who opened positions on specific stocks, on February 1st before 17:19 GMT, when the issue was identified and resolved.


    Since one or more of your positions were closed due to this error, we will refund $xxxxxx, which reflects 20% of the total invested amount.
    "



    The "some stocks" and "specific stocks" they refer to only appear to have been gme and amc
    In a followup they are asking people if they are happy with their "compensation"

    The stop loss saved people from a larger loss BUT did the forced sell off trigger further price falls to $GME causing the drop of $100 on Monday and close to a couple of hundred down the next day? To call it an "error" is quite dismissive of what was clearly a deliberate action imposed upon people.

    I still think we should get to choose our own fates but this may be another big suit waiting to happen
     
    Last edited: Feb 3, 2021
  17. alor

    alor Well-Known Member Silver Stacker

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    we just borrowing the paper, sell them for higher price, buy it back... you can have your paper back, sorry it will never have programming wrongly executed again by my cat's tail, ain't robot was checked by cat's iris
     
  18. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Meanwhile... GameStonk is stirring back to life, hooray! :D

    Screen Shot 2021-02-26 at 9.07.04 am.png
     
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