Jump to content

GameStop (Wall St vs Main Street)


Recommended Posts

The price is all over the place today with a high of $482 and a low of $114 !!!

"no one makes money until they sell" and I do fear that many of those on Reddit are sitting on large paper profits that can disappear as quickly as they appeared. The move back down can be as abrupt as the move up once sentiment changes and reality sets in...let's see what happens...

  • Like 1
Link to comment

Robinhood might be bust.

 

Robinhood’s “position-closing only” list for tomorrow.

image.png.f1726118c275d860c511f08d3563bc16.png

 

Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult - BBG

https://t.co/0jHAXH4AX3

 

Stephanie Ruhle  @SRuhle

. @RobinhoodApp CEO on @CNN It’s pretty clear, THEY DID NOT HAVE THE CAP TO MEET THE HIGHER CAP REQUIREMENTS WHEN FLOWS BLEW UP. They could not comply with the requirements. The pressure is ON, but I don’t know how they can open up these stocks tomorrow & avoid this again

Link to comment

Seems like IG won’t let us buy GameStop shares.

Keep getting the same message “Your order is too far from the last price”

I had tried to put an order level of $300/share.

Link to comment
3 hours ago, Caseynotes said:

Robinhood might be bust.

 

Robinhood’s “position-closing only” list for tomorrow.

image.png.f1726118c275d860c511f08d3563bc16.png

 

Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult - BBG

https://t.co/0jHAXH4AX3

 

Stephanie Ruhle  @SRuhle

. @RobinhoodApp CEO on @CNN It’s pretty clear, THEY DID NOT HAVE THE CAP TO MEET THE HIGHER CAP REQUIREMENTS WHEN FLOWS BLEW UP. They could not comply with the requirements. The pressure is ON, but I don’t know how they can open up these stocks tomorrow & avoid this again

"12 billions a few months ago"  🤔

1518954957_RobinhoodIPOMarketCap(Bn)_20210129_11_30.thumb.png.389acc9adf76a2b52fd9a37111119272.png

  • Like 1
Link to comment

"Due to the recent extreme volatility, and in order to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment.

These restrictions apply to all IG accounts, and will be reviewed regularly. You will still be able to close any open positions that you have in these stocks. Any orders that you have already placed on these two stocks will remain."

Just got this email...  

  • Like 1
Link to comment

Imagine a system of trading securities where you didn't need a broker, didn't need fiat currency nor a bank account.... It's coming within our lifetime.  Wall street along with this corrupt system won't be around for much longer, I'm sure of that. The public just can't tolerate it anymore.  These recent actions by unscrupulous brokers like IG have only caused this process to speed up by 100x. Great way to put yourself out of business IG ! 

Link to comment

"IG Group is a British company" - If that is so why is this happening.

 

"Due to the recent extreme volatility, and in order to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment."

 

Who are you protecting exactly? Who has bullied you into this? 

  • Like 2
Link to comment
13 minutes ago, Caseynotes said:

 

zerohedge @zerohedge

3m

*GAMESTOP FALLS 57%, TRADES BELOW $100 FOR FIRST TIME IN A WEEK

Prime example of what happens when these companies like IG and RH decide to take the power away from the retail investor. If IG lacks the Liquidity to service their clients then what is the use of having a broker that cannot do what we are here to do? 

Link to comment
5 minutes ago, Rakazool said:

Prime example of what happens when these companies like IG and RH decide to take the power away from the retail investor. If IG lacks the Liquidity to service their clients then what is the use of having a broker that cannot do what we are here to do? 

I suspect most retail punters are saying a quite prayer that they weren't able to buy at $400.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Corn Elliott wave analysis Function - Trend  Mode - Counter-Trend Structure - Expecting Impulse Wave  Position - Wave 2 Direction - Wave 3 Details - Wave 2 may not drop inside the 419-413 support zone where we expected it to end. Perhaps it has been completed with the surge to 438’4 and the subsequent corrective response. Wave 3 is probably in play and will be confirmed by the breach above 438’4. However, a double three corrective pattern into the zone is still likely. So we need an important impulse break upwards to confirm wave 2 has ended. Between 26 February and 13 March 2024, Corn gained over 12%. However, that’s merely a 17% recovery of the April 2022-to-February 2024 sell-off. Thus, there is still some way upside to go. From the Elliott wave perspective, it seems the current recovery will extend higher into the 22-month sell-off. By projection, the price might correct up to 571-623 Fibonacci retracement area. Today’s commodity blog post intends to show traders how to gain from this bullish corrective cycle. On the daily chart, from 824, we identified a corrective decline from April 2022 down to 394 in February 2024. Ideally, an impulse wave should follow to break above 824 in the long term. However, in this case, we will consider a 3-wave corrective bounce at first, and if the price supports, an impulse later. Currently, the price is in blue wave ‘A’ of blue wave ’1’ (both circled). We expect either to start with an impulse wave. On the H4 time frame, we can see the sub-waves of the current bounce better. On the H4 chart, a rally from 394 has completed the first impulse - wave 1. This is an indication that we may be right with the expected strong corrective rally or a long-term bullish impulse. From the end of wave 1, wave 2 has emerged and is quite debatable in the way it’s being structured. We expected wave 2 to end in the 419-413 key support zone. However, it appears wave 2 has ended with an expanding flat pattern. Flats can be quite tricky and can quickly transform a different pattern. Two ways to confirm wave 3 has started: 1. price breaks above blue wave ‘b’ of 2 high and  2. an impulsive break above 438 If the price confirms the end of wave 2, we should see wave 3 between 492 and 515 or maybe even higher. Thus, there’s more room to the upside for buyers to explore. However, if wave 3 is not confirmed, a further dip into the 419-423 or even lower shouldn’t come as a surprise. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial!    
    • Fears of a wider regional conflict in the Middle East weighed on market sentiment overnight, though a higher open is expected for the Dax. This flight to safety was triggered by news of an Iranian strike on Israel with hundreds of drones and missiles, raising concerns over potential Israeli retaliation. Safe-haven assets like gold and the US dollar strengthened, though the Japanese yen weakened to a 30-year low against the dollar, highlighting that interest rates remain the primary market focus despite geopolitical risks. Oil prices dipped in Asian trading as the risk of Iranian retaliation was already priced in last week. While the US has stated it will not take part in a counter-offensive against Iran, the volatility index remains near five-month highs, reflecting heightened market nervousness. Any further oil price increases could add to inflationary pressures, complicating central banks' efforts to control rising consumer prices. This week, markets will closely watch US economic data releases, including retail sales and comments from Federal Reserve officials, for clues on the monetary policy outlook amid persistent inflation concerns. The US earnings season is also underway, with mixed results from major banks getting the season off to a lacklustre start.  
    • TXN Elliott Wave Analysis Trading Lounge Daily Chart, Texas Instruments Inc., (TXN) Daily Chart TXN Elliott Wave Technical Analysis   FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION:  Minor wave 3 DIRECTION: Upside in wave 3.     DETAILS: We are looking at either an extension in Minor wav 3 in the making, or else we are still in wave {b} of 2. The most bearish scenario is the one where the move off the 140$ bottom is not a wave 1 and we are still in a larger degree correction.       TXN Elliott Wave Analysis Trading Lounge 4Hr Chart, Texas Instruments Inc., (TXN) 4Hr Chart TXN Elliott Wave Technical Analysis   FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave {ii}   DIRECTION: Bottom in wave (c) of {ii}. DETAILS: We are looking at a clear three wave move in wave {ii} with a bottom soon to be in place, looking for the beginning of MGM2 at 165$ to provide support.               Welcome to our TXN Elliott Wave Analysis Trading Lounge, where we delve into Texas Instruments Inc. (TXN) using Elliott Wave Technical Analysis. Let's dissect the market dynamics on both the Daily Chart and the 4H Chart as of April 15, 2024. * TXN Elliott Wave Technical Analysis – Daily Chart* On the Daily Chart, our analysis reveals a trending market characterized by impulsive mode and motive structure, positioned in Minor wave 3. The direction indicates upside momentum in wave 3. However, we are considering two potential scenarios: either an extension in Minor wave 3 or still within wave {b} of 2. The most bearish scenario suggests that the move from the $140 bottom may not be a wave 1, implying a larger degree correction. * TXN Elliott Wave Technical Analysis – 4hr Chart* Here, we observe a counter trend market marked by corrective mode and flat structure, positioned in Wave {ii}. The direction hints at a bottom forming in wave (c) of {ii}. Our analysis identifies a clear three-wave move in wave {ii}, with a bottom expected soon. We anticipate support to emerge around the beginning of MGM2 at $165.   Technical Analyst : Alessio Barretta   Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us