Current Events > Stock Market General #9

(+) Yeah! (+)

So how do we get fucked tomorrow? No way they let us buy shares if there wasn't a plan for them to benefit.

Tyranthraxus posted...

I just want to say I never see shit like this before

lol

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Tyranthraxus posted...

Shorted positions become fucked and vanish into the ether.

Wouldnt the lender have to cover the stockw?

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AMC buy or hold?

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Ushiromiya posted...

AMC buy or hold?

Sell
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Atomic Wallet is borked

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who gonna buy more GME tomorrow on the dips?

we got their balls in a vice

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samurai bandit posted...

Wouldnt the lender have to cover the stockw?

Why would the lender have to cover anything? They're the ones losing money because the borrower can't pay.

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Irony posted...

Atomic Wallet is borked

I exchanged $22 worth of XLM for doge 50 minutes ago and I still have 0 doge and no XLM

._.

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Tyranthraxus posted...

Why would the lender have to cover anything? They're the ones losing money because the borrower can't pay.

I have no idea how this works. But if they borrowed stocks they dont own, then dont they need to repay the stocks to someone? Like in my uninformed mind I imagine lets say Robinhood grabbing stocks from its users to lend them (similar to how banks lend their users money). Or does the lender had like millions of stocks that were actually theirs? If it is the latter, how can they even short more than 100% stocks?

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Smashingpmkns posted...

Did RH announce any restrictions tomorrow?

Yes. Better buy while you can

So, I dabbled over in 4chan, (forgive me), for about 15 minutes. And it seems like none of them have faith in Doge. Why is that?

(Still can't believe this is a real question that I'm asking.)

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PaunchyTurtle53 posted...

So, I dabbled over in 4chan, (forgive me), for about 15 minutes. And it seems like none of them have faith in Doge. Why is that?

(Still can't believe this is a real question that I'm asking.)

Because doge, unlike many other cryptos, has an insane amount of supply, so much so that it could never realistically reach anywhere above $1

it was also created as a meme and has 0 usability

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Harpie posted...

Because doge, unlike many other cryptos, has an insane amount of supply, so much so that it could never realistically reach anywhere above $1

it was also created as a meme and has 0 usability

Even being aware of this Im still in for this pump and dump. How high does everyone expect it to reach if realistically itll never hit $1.

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samurai bandit posted...

I have no idea how this works. But if they borrowed stocks they dont own, then dont they need to repay the stocks to someone? Like in my uninformed mind I imagine lets say Robinhood grabbing stocks from its users to lend them (similar to how banks lend their users money). Or does the lender had like millions of stocks that were actually theirs? If it is the latter, how can they even short more than 100% stocks?

I have GME. You decide to short GME, so you 'borrow' GME from me and sell it immediately for 4$. Then, when GME drops down to 2$, you buy it and give it back to me, and pocket the other 2$.

However, GME burst to over 100$. You now still owe me my stock in GME, so you have to buy it back at some point. The longer you wait, the higher the stock goes because people are buying GME like crazy. You have two options

1) Suck it up and pay the obscene amount and return my stock

2) Try and wait for GME stock to go down some, taking the risk that it won't go down, and could go up even higher.

This the position that Melvin Capital is in.

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Conker posted...

Even being aware of this Im still in for this pump and dump. How high does everyone expect it to reach if realistically itll never hit $1.

Idk Im kinda hoping for $0.10 - $0.15

Keep in mind though that doge has peaked before. Its all time high was $0.01 until literally today

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Harpie posted...

I exchanged $22 worth of XLM for doge 50 minutes ago and I still have 0 doge and no XLM

._.

I exchanged $50 showed the transaction and nothing after that

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Conker posted...

Even being aware of this Im still in for this pump and dump. How high does everyone expect it to reach if realistically itll never hit $1.

Because if it becomes the default/dominant crypto instead of bitcoin, it's unlimited supply will also guarantee it will be far less volatile and actually, you know, have a chance of being real currency as it will be worthless to invest in because it's just another form of money like dollars. Is there any point hording dollars? No, they only depreciate.

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k

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Completely new to stocks, not sure what I am doing. I want to just buy 1 GME to see how tomrrow goes. I went to fidelity and have an open order, but it made me set a limit? So I have an order with a limit set at 195 (since at the time of doing this it was at like 193) for 1 share. I tried to buy a fraction earlier but it made me buy at least 1.

What I don't understand is what if the price per share exceeds 195 when my order goes through in the morning what happens? Does it just cancel or what since I can't get a fraction of a share?

Lmfao, Im night trading a few hundred in Doge and making a few bucks everytime it dips 5-10%.

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we can day trade crypto unlimited right? We don't need a $25k portfolio or some bullshit? >_>

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Hoping doge hits 10 cents

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How do I buy in? I have no clue how to buy stocks

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Dingydang166 posted...

Completely new to stocks, not sure what I am doing. I want to just buy 1 GME to see how tomrrow goes. I went to fidelity and have an open order, but it made me set a limit? So I have an order with a limit set at 195 (since at the time of doing this it was at like 193) for 1 share. I tried to buy a fraction earlier but it made me buy at least 1.

What I don't understand is what if the price per share exceeds 195 when my order goes through in the morning what happens? Does it just cancel or what since I can't get a fraction of a share?

? No that limit means you buy 195 shares

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ShyOx posted...

? No that limit means you buy 195 shares

It says in my order details:

Quantity 1 Shares
Order Type Limit at $195.00

I just want one share lol

NeonOctopus posted...

we can day trade crypto unlimited right? We don't need a $25k portfolio or some bullshit? >_>

Yup

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Conker posted...

Yup

Let's fucking gooooo

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NeonOctopus posted...

we can day trade crypto unlimited right? We don't need a $25k portfolio or some bullshit? >_>

On RH, yes it's unlimited (unless you profit too much >________>)

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Dog coin literally about to hit 8 cents

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ShyOx posted...

I have GME. You decide to short GME, so you 'borrow' GME from me and sell it immediately for 4$. Then, when GME drops down to 2$, you buy it and give it back to me, and pocket the other 2$.

However, GME burst to over 100$. You now still owe me my stock in GME, so you have to buy it back at some point. The longer you wait, the higher the stock goes because people are buying GME like crazy. You have two options

1) Suck it up and pay the obscene amount and return my stock

2) Try and wait for GME stock to go down some, taking the risk that it won't go down, and could go up even higher.

This the position that Melvin Capital is in.

Thanks. In the real world:

1. Who is lender? Was it really different random people that over time decided to lend millions of shares?
2. If Melvin goes bankrupt, are these people screwed?

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NeonOctopus posted...

Dog coin literally about to hit 8 cents

Yeah but I need to go to bed

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Doge doin it again folks

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NeonOctopus posted...

Let's fucking gooooo

Yep. That is the fun with crypto.

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Wtf. They canceled my order again.

One was $1800 and the other was $320

The $320 is still in there but the $1800 was not. I try to buy again. They said I dont have enough money to buy 1 share.

Fuck Robinhood. February 3rd needs to come faster so I can get my money back

samurai bandit posted...

Thanks. In the real world:
1. Who is lender? Was it really different random people that over time decided to lend millions of shares?
2. If Melvin goes bankrupt, are these people screwed?

1. Brokers around the world. Your broker might decide to do it for example without you knowing, if it's a person. There might even be shady doings going on with the apps themselves, who might have loaned the shorts to people. At one point there were 140% short ratio, meaning more shorts than there even is stock (!!!!!) I'm not great on the specifics though
2. Very much so indeed. They're already considering bankruptcy aka no liquid assets left

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Inb4dogebreaks$2overnightandsuddenlyrobinhoodremovestradingagain

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If fuckin GME can hit a 7000%+ gain in a year, good boy DOGE can certainly hit $0.15-$0.20, no?


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ShyOx posted...

1. Brokers around the world. Your broker might decide to do it for example without you knowing, if it's a person. There might even be shady doings going on with the apps themselves, who might have loaned the shorts to people. At one point there were 140% short ratio, meaning more shorts than there even is stock (!!!!!) I'm not great on the specifics though
2. Very much so indeed. They're already considering bankruptcy aka no liquid assets left

If Melvin is bankrupt then they cant pay the brokers. How would brokers then give you back your shares when you decide to sell? They still need to pay you right? Because they grabbed your stocks without your consent.

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Why the hell did they reject my $1800 for GAM?

samurai bandit posted...

If Melvin is bankrupt then they cant pay the brokers. How would brokers then give you back your shares when you decide to sell? They still need to pay you right? Because they grabbed your stocks without your consent.

This is why shorting can be dangerous. A lot of brokers have this stuff in fine print when you sign with them, I'm guessing.

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https://www.reuters.com/article/us-amc-ent-holdg-capitalraise-exclusive-idUSKBN29Y03C

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short seems like it can cause infinite debt if shit like this happens lol

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Now they canceled my other order

Lets push this past 8

Its so close to breaking through

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