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  1. #26
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    Jesus Christ BB down to $14.23!! This is crazy! Should of closed my postions at the $28 .... LOL

    But on a postive note,, I bought it so cheap I am still profitable.

  2. #27
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    GME has been doing some crazy swings today. went from $264 a share to $475, back to $264... Some daytraders out there are seeing huge profits and others are making huge loses... It is currently at 20.39 on the RSI. It is at the decisive moment.. Buying and Selling using the RSI strategy has been good to me in the past... Should I, or Shouldn't I.... I am to scared..... I won't do it.... LOL...

    This is like some real life movie ****, that I so happen to be right in the middle of due to my positions in BB. Insane!
    Last edited by Winning; 01-28-2021 at 11:08 AM.

  3. #28
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    Quote Originally Posted by Winning View Post
    GME has been doing some crazy swings today. went from $264 a share to $475, back to $264... Some daytraders out there are seeing huge profits and others are making huge loses... It is currently at 20.39 on the RSI. It is at the decisive moment.. Buying and Selling using the RSI strategy has been good to me in the past... Should I, or Shouldn't I.... I am to scared..... I won't do it.... LOL...
    ...don't let hot heads prevail. Take your winnings and run. Market is now unstable.

  4. #29
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    Question.... So is this legal what the trading platforms are doing? Stopping the ability for a person to purchase shares, and only give them the ability to sell shares they already own?

    That in turn hurts the stock price. So it could be said that I am realizing losses due to the activity that the platforms are engaging in.

    Perhaps a Class Action Lawsuit in the making?

  5. #30
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    Quote Originally Posted by Winning View Post


    Question.... So is this legal what the trading platforms are doing? Stopping the ability for a person to purchase shares, and only give them the ability to sell shares they already own?

    That in turn hurts the stock price. So it could be said that I am realizing losses due to the activity that the platforms are engaging in.

    Perhaps a Class Action Lawsuit in the making?
    ...doesn't seem like it is legal. BUT (and not to get political here), they also shut up the POTUS, which was a 1st in history. Maybe what I've been saying about online platforms being quasi-governments is really truer than even I thought... they decide the "districts", the "levels we can play on"... the "areas/hoods" we can go to/live in...

    Maybe all of this destruction of the system is just that... destruction.

  6. #31
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    Welp.. That was fast!!! WTF have I gotten myself into! I invested in Blackberry cause I believed in the company, not becuase of some sort of Social Media mob plan.. Back in 1999 I was the Blackberry Admin for a corporation and a die hard user of Blackberry products until 2007, I have 1 hell of a vintage Blackberry graveyard... I started with the Rim957 model all the way through to the Nextel models..


  7. #32
    There's a bigger purpose behind all of this... The market manipulation being exposed is something that will have to be fixed
    Michael Christman
    Direct - (718)701-1805
    mike@gandgfunding.com

  8. #33
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    Jordan Belfort, of Wolf of Wall Street fame, has some interesting things to say about it.
    This is totally unprecedented, not clear how legal it is, someone will end up being a victim, and he thinks that the SEC will eventually catch up, but they might be 3-6 months away from figuring out how to do it.
    https://edition.cnn.com/videos/busin...business-news/

  9. #34
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    This is going to be crazy to watch unfold!

    Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz are on the same page about this issue!


    Quote Originally Posted by Dow Jones Newswires
    News Article
    UPDATE: Mark Cuban, Dave Portnoy, AOC and others react to Robinhood restricting trades on GameStop and AMC
    12:42pm ET 1/28/2021 MarketWatch

    Mentioned in article
    AMCGME
    By Weston Blasi

    Trading platforms like Robinhood, TD Ameritrade and Interactive Brokers have halted purchases on such stocks

    The meteoric rise of stocks discussed on Reddit's WallStreetBets forum (https://www.marketwatch.com/story/te...?mod=home-page) -- like GameStop (GME) and AMC (AMC) -- has caused major disruptions in the stock market.

    Stock trading companies like Robinhood (https://www.marketwatch.com/story/ro...bnbh_mwarticle), TD Ameritrade and Interactive Brokers (https://www.marketwatch.com/story/ga...de-11611769804) have halted purchases on such stocks.

    The moves to restrict trading have led to complaints about the lack of free trade going on in the markets. Among those criticizing the move is billionaire Mark Cuban.

    (https://twitter.com/mcuban/status/1354798465994338304)

    Barstool Sports's Dave Portnoy, a notoriously active day trader, is also criticizing Robinhood for its lack of "free trading." Barstool Sports is owned by Penn National Gaming (PENN).

    (https://twitter.com/stoolpresidente/...86492669956097)

    And some politicians of both parties have gone after Robinhood's decision to restrict trading on stocks like GameStop and AMC -- including Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz.

    (https://twitter.com/AOC/status/1354830697459032066)

    (https://twitter.com/tedcruz/status/1354810452383948813)

    Robinhood recently created a post (https://blog.robinhood.com/news/2021...ket-volatility) addressing the situation.

    "Our mission at Robinhood is to democratize finance for all. We're proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term."

    Some people on Twitter are pointing out the irony of the post by resurfacing a tweet from Robinhood in 2016 alluding to the concept of free trade.

    (https://twitter.com/RobinhoodApp/sta...08069369782272)

    GameStop shares are down 34% and AMC is down 58% percent during early afternoon Monday trading. GameStop's stock soared 2,876.5% (https://www.marketwatch.com/story/la...bnbh_mwarticle) over the past three months, while the S&P 500 gained 16.1%.

    -Weston Blasi; 415-439-6400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires

    January 28, 2021 12:42 ET (17:42 GMT)

    Copyright (c) 2021 Dow Jones & Company, Inc.

  10. #35
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  11. #36
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    Quote Originally Posted by Winning View Post


    Since I am in quarantine, I have had the time to day trade the market. I am not a professional in any way, but I have manage to hit 25% profit this week!

    Anyone else day trading? Maybe we can share data on what stocks you are watching, what gappers you find, and what you feel is about to break out.
    I spent 25 years as an Investment banker - what's going on right now with the shorts is EPIC and can be summed up thus: For decades the game has been Naked Shorting which means I short stock that I never deliver and, when it's zero I keep the proceeds for free. That's why you're hearing numbers like 140% of the stock outstanding. How is that possible you might ask? Naked Shorting is the largest and most prolific counterfeiting operation in the history of mankind second only to the printing of Fiat currency. PM if you want details but trading now is like juggling sharp knives - the wise guys are still in control and you can be 100% right and still be roadkill.

  12. #37
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    Quote Originally Posted by Winning View Post
    After people I personal talked to made huge gains on Gamstop, yesterday I took some small positions on Nokia (invested $300) and AMC (invested $300). My Nokia position is currently -31% and my AMC position is currently -38%..... God Damn FOMO got the best of me.

    The things that the brokerages are doing to prevent the run up is working. I guess the short sellers are now reaping all the benefits. I think this is a very public display of just how rigged the system is.. This can become very bad for the stock industry. The optics just doesn't look good when the hidden hand that is always present shows up in such a public way.

    Discord shuts down the Wallstreetbets server, the brokerages moving the goal posts, etc..

    Just like the Tech industry kicked President Donald Trump off the internet, they can do the same thing to anyone or anything...
    They did the same thing in China. Yea, that China.

    This is bigger than most folks here can imagine; these banks and hedgies are already on very thin ice and leveraged to nose-bleed levels. This is existential to them. And probably to us too. Just saying.

  13. #38
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    Quote Originally Posted by capaxess View Post
    I spent 25 years as an Investment banker - what's going on right now with the shorts is EPIC and can be summed up thus: For decades the game has been Naked Shorting which means I short stock that I never deliver and, when it's zero I keep the proceeds for free. That's why you're hearing numbers like 140% of the stock outstanding. How is that possible you might ask? Naked Shorting is the largest and most prolific counterfeiting operation in the history of mankind second only to the printing of Fiat currency. PM if you want details but trading now is like juggling sharp knives - the wise guys are still in control and you can be 100% right and still be roadkill.
    I dont quite understand the entire process of shorting borrowed stocks and why is it that if the stock goes up the shorter need to purchase the stock to "cover the postion"... Would you mind breaking this down for me here in the forum? Perhaps even walk me through the process of placing a short on a stock myself through the TD Ameritrade platform.. I am sure other members and lurkers can learn a thing or too as well..

  14. #39
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    Quote Originally Posted by Winning View Post
    I dont quite understand the entire process of shorting borrowed stocks and why is it that if the stock goes up the shorter need to purchase the stock to "cover the postion"... Would you mind breaking this down for me here in the forum? Perhaps even walk me through the process of placing a short on a stock myself through the TD Ameritrade platform.. I am sure other members and lurkers can learn a thing or too as well..
    OK so, "Shorting" means: selling now with the expectation that I buy back lower profiting the difference. In order to short a stock you have to either own it or borrow shares from someone else. That someone is a firm (like TD Ameritrade) who lends you the shares so you can sell them. They get a fee for lending you the shares which they collect until the shares you borrowed are returned. Since you owe shares not money, replacing the borrowed shares you sold at $10 with shares you purchased later at $5 for example results in a $5 dollar gain minus the carry cost of the borrowed shares (which is usually minimal).

    In practice this process goes at light speed since most trading accounts offer "Buy", "sell" and "sell short" options which are executed in nanoseconds. The difference is profound however since when you buy a stock all you can lose is what you paid (plus what you borrow if on margin). A short however, has unlimited downside risk because there is no limit to how high a share of stock can go up. Enter Gamestop and some other stocks which have been shorted NAKED with shares well beyond the actual shares outstanding.

    That is, the entire financial system is at the verge of collapse because, as these 'SHORTED" stocks keep rising (which they could very reasonably be expected to continue), there are massive numbers of retail investors ready to shove these losses strait up Wall Street's ass. Although that might not sound like a bad idea considering what a nice bunch of folks they are, the repercussions of their collapse will effect even the most sacrosanct of obligations. Hope that helps understanding of the issue, enjoy the show! Buy Silver!

  15. #40
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    Waiting to hear of a clearing firm getting toe tagged and dragged out because of all the stock gaming. Back in the day, a small firm took out one of the larger NYSE clearing firms with some rouge trading activity.
    Hedley Lamarr......That's Hedley

  16. #41
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    https://investorshub.advfn.com/board...age_id=3344311


    History ALWAYS repeats itself....
    Hedley Lamarr......That's Hedley

  17. #42
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    Quote Originally Posted by Kevin Henry-Seacoast View Post
    This grift of naked shorts has been around for decades fully enabled by the SEC and other agency's like DTC. They are the belly of the Borg.

  18. #43
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    we going to the moon

  19. #44
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    Quote Originally Posted by capaxess View Post
    Buy Silver!
    Who do you like for the Silver play!? I created a new watch list, and I am trying to decide where I should place my bets.. Here is my list sorted by volume.. I think maybe I should go all in with SLV , or I might just do a spread and put a couple hundred on the top 5.... IDK...

    Last edited by Winning; 01-30-2021 at 02:35 PM.

  20. #45
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    Quote Originally Posted by Winning View Post
    Who do you like for the Silver play!? I created a new watch list, and I am trying to decide where I should place my bets.. Here is my list sorted by volume.. I think maybe I should go all in with SLV , or I might just do a spread and put a couple hundred on the top 5.... IDK...

    I own PAAS & AG - not so fond of SLV bc it's an ETF - since they have to supply physical to their fund it might be a good lever to pressure delivery/shorts. Morgan Stanley is he bg stick on silver but they'll be overwhelmed quickly of the hoard focuses on them. If the castle walls are breached on silver look out below - a cascading waterfall-like tidal wave of defaults will follow.

  21. #46
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    Bets placed! I actually enjoy this more than going to the casino and dealing with all the cigarette smoke! Plus at the casino I stay until I loose all that I came to loose, whereas with this I will never quite loose all of it. Cause even when the stocks go down, they're still worth something.

    Last edited by Winning; 02-01-2021 at 08:10 AM.

  22. #47
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    Hopefully this whole thing will keep Rohit Chopra busy enough to ignore our industry....

  23. #48
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    My meme stock loss porn..

    I am not going to sell them though. The purchase dates kind of have a historical meaning in my portfolio now.. I might even get some paper stock certificates issued and have them framed..


  24. #49
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    Loss some, win some right!

    Up 122% on Mvis... I bought it only about 1 month ago...

    Should have bought more, right! Hindsight...


  25. #50
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    Cisco earning come out tuesday... I am thinking I should buy? I have learned how to do options in theory (I never traded them using real money). If I have time today, I think I will see if I can do some sort or options play regarding cisco.. I feel really good about Cisco based on the fact that I recently built a brand new network, and when all the dust settled, I went with all Cisco gear.

    If interested in the details regarding the network build read post at https://dailyfunder.com/showthread.p...cture-Question

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