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GameStop (Wall St vs Main Street)


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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...

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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

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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.

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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

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"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...  

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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 ! 

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"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? 

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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? 

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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.

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