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Redditors gave Wall Street traders an absolute pasting

Another point to consider is that most US retail traders who do not have much 'spare cash' are typically buying on margin.

I think the regulation over there is you must have 50% to cover the buy you make so effectively a lot of these brokers are sitting on 50% losses from the margin buyers if this tanks.

They have to assess their risk accordingly, it'll be in their T&Cs.
 

sedling said:
Another point to consider is that most US retail traders who do not have much 'spare cash' are typically buying on margin.

I think the regulation over there is you must have 50% to cover the buy you make so effectively a lot of these brokers are sitting on 50% losses from the margin buyers if this tanks.

They have to assess their risk accordingly, it'll be in their T&Cs.
Click to expand...


Day high 469.42 ... current low 126.00 (-73.15%)

That's a tankin'

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sedling said:
Another point to consider is that most US retail traders who do not have much 'spare cash' are typically buying on margin.

I think the regulation over there is you must have 50% to cover the buy you make so effectively a lot of these brokers are sitting on 50% losses from the margin buyers if this tanks.

They have to assess their risk accordingly, it'll be in their T&Cs.
Click to expand...
our clearing firm made it 100% REG T for both GME and AMC this morning.
 
Bukowski said:
Day high 469.42 ... current low 126.00 (-73.15%)

That's a tankin'

You must be logged on to see media items
Click to expand...

nor really, the point was to buy and hold until after Friday, not make a profit and only buy what you could afford to stake on this
 
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CatRyan said:
nor really, the point was to buy and hold until after Friday, not make a profit and only buy what you could afford to stake on this
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The point is the share price is tanking from its high today and 100s, possibly 1000s who were enticed at the top end will be sitting on huge paper losses instantly. Even if you bought 1 share at the top today, you're 75% down on your investment, hundreds of dollars in hours. There's no way of telling who was in it to make an ethical point or who wanted to make profit? No way of telling who was investing what they could afford either.
 
Bukowski said:
The point is the share price is tanking from its high today and 100s, possibly 1000s who were enticed at the top end will be sitting on huge paper losses instantly. Even if you bought 1 share at the top today, you're 75% down on your investment, hundreds of dollars in hours. There's no way of telling who was in it to make an ethical point or who wanted to make profit? No way of telling who was investing what they could afford either.
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All rushing for the same door the hedge funds were running towards.
 
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Im a total novice on this but who owns all the apps that are stopping the buying of certain stocks, is it like in The Big Short when he finds out he actually works for the conpany who is going to lose the most?

So the money behind the apps have forced the apps to disable the function to buy more so the price in turn drops which helps them, or is it some authority who has told them to stop the purchasing ability on their apps?
 
FoldingStars said:
Im a total novice on this but who owns all the apps that are stopping the buying of certain stocks, is it like in The Big Short when he finds out he actually works for the conpany who is going to lose the most?

So the money behind the apps have forced the apps to disable the function to buy more so the price in turn drops which helps them, or is it some authority who has told them to stop the purchasing ability on their apps?
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The apps are owned by the brokers who are presumably allowing their clients to trade on margin. Which means if the client can't pay they owe the money.
 
monkeytassle said:
The apps are owned by the brokers who are presumably allowing their clients to trade on margin. Which means if the client can't pay they owe the money.
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with gamestop being exchange listed they probably allowed people to buy without the funds in also. if someone buys stock and it drops, someone has to pay for the renege.
 
I’m watching this atm on CNBC after reading this thread and it’s fascinating...I haven’t got a f***ing clue what they’re on about but it’s fascinating 😂
 
FoldingStars said:
Im a total novice on this but who owns all the apps that are stopping the buying of certain stocks, is it like in The Big Short when he finds out he actually works for the conpany who is going to lose the most?

So the money behind the apps have forced the apps to disable the function to buy more so the price in turn drops which helps them, or is it some authority who has told them to stop the purchasing ability on their apps?
Click to expand...

Robin Hoods order book is filled by Citadel Capital, a fund which has on its books a large % of the 240% of shorted shares.
 
The response of the hedge funds et al is so telling.

This should shine a light on enforced poverty.
 
monkeytassle said:
I'm always happy to answer questions on this if anyone asks. f***ing love it.
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There’s a guy on atm called Lee Cooperman...don’t know the fucker from Adam but he reminds me of an aged Leonardo de Caprio in WOWS... he’s gannin mental on this show
 
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nyron4england said:
hodl
on another note, robin hood has apparently hidden the relevant stocks from its platform.

td ameritrade restricting too. across the board, institutions are restricting people buying and selling amid fears of legal repercussions.
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You could sell, not buy. Therefore deflating the price, distorting the market and allowing the funds to win on on the way down.

Worth noting that tomorrow see a vast number of call options expire and its within the interest of the hedge funds to see these expire worthless, hence the action today.
 
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