Anybody buying GME gap fill?

V

VEGASDESERT

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Yes, brokers freezing buying on these symbols. All over the media.

I saw KOSS, GME, AMC, BB, BBBY this AM and impulse said "jump in." My 11 years of trading told me "don't do it, there will be blood"
 
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VEGASDESERT said:
Robinhood carnage

How many 10K life savings went up in smoke today?
More...

GME was $500 this morning... $150 now.

I'll bet lots of momo chasers are crying in their beer about now.

How many bothered to limit their potential loss to say, 10%? Not many, I'd guess.
 
The media yesterday was all about the wokeness of this trade, the small guy getting the man
Tomorrow it will be about the man bankrupting the woke

Some hedge funds lost a few billion. but I would guess that in the end , net wise, the hedge funds will be the ones to make the money and the millennials and gen z will be net losers
 
So you have to wonder - they can't keep the stock on hold forever, right? I mean, stock has a corporate finance function and the company has to be able to have access to debt markets. You can't restrict their ability to raise capital.
 
After this is all said and done, there will be Congressional hearings regarding this....the dog & pony show will be attended by representatives from Melvin, Point72, Robinhood, WSB and others.

The issue at hand is whether it is legal for small retail traders to "collude" to drive shareprices beyond the stratosphere....a practice which is as old as the bucketshops, by the way.

I tend to side with the brokerages on this one....greed is a powerful, powerful emotion, and I don't want to see my mom get sucked into logging onto her Schwab account and buying $50,000 GME at $425 a share because some idiot she knows on facebook made a post saying it was "risk-free money".
 
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