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You can buy. Go find someone who's selling. I personally have bought publicly-traded stock without an exchange or broker involved. Seller got the paper shares and signed them over to me in exchange for a check.
You're just mad because the convenience is gone and you can't do it instantly. You can't tap on app to make it happen. So what? You're not going to make money speculating on the stock market? Boo freakin' hoo.
Nope. You can find some stock halted on any given day.
Funny, I was on the other side when that conversation came up. But this is money, not free speech. Regulators want to maintain an orderly market.
Consider what happens when any speculative balloon pops. Buyers start leveraging other positions to get in on the action, then when the balloon pops they have to unwind all their positions to cover, and soon there is a general plunge in the market as a whole, solely because idiots chased a bubble.
The regulators want to knee-cap speculators? More power to them. Part of their mission and their responsibility.
I say I have zero tears to cry for speculators.
I also said:
But you bought long, so you're content to hold on to your precious GME shares because you feel it's a good investment...right?
In this case the speculators are the hedge funds. They speculated that the stock price would go down, and they shorted it massively to profit from that speculation. The retail investors aren't speculating. They know for a fact they will be able to sell their shares, and do so at just about whatever price they dictate. They know this because of the short contracts the hedge funds made that will need to be covered.
If anyone should be stopped, it is the hedge funds.
@needsy "at just about whatever price they dictate". This I have to see- why is it $197 from a 482 high then? What if all the hedge fund shorts, I dont know, used there brains, and covered their positions at a lower price to stop their bleeding? Now its just retail selling to retail with hedges waiting for the next crash to buy on the way down to cover their losses, even more.
Under normal circumstances that would work, but in this case they bet so big that it isn't feasible for them to cover at a lower price. At least not without some back room dealings, which is exactly what appears to be happening with all the brokers stopping buying.
but they can cover their options even with a thin float (they just dont cover at an optimal price) So by now its the retail against retail savagery with the smart money waiting. Plus the hedge funds have different brokers than the masses? Name one hedge fund that uses robinhood to place orders?
@raindog308 if you shed no tears for retail speculation, then you should have no problem with the short sellers losing billions for THEIR speculative bet. Nor should you have a problem with the downfall of crappy online trading platforms like Robinhood. Everyone deserves what they get.
Yes, once the shorts cover, it will be retail vs retail. At that point the price will plummet. The only question is how many retail buyers will still have shares instead of having sold them to the shorts (the hedge funds, in this case).
482-197 seems the plummet is on
Yes, that is why they benefit when retail can only sell. If retail can only sell, then the hedge funds, who can still buy, have fewer competitors so they can cover at a lower cost. Retail only being allowed to sell is market manipulation in favor of those who can still buy.
incorrect its back at $300 and its going to fucking skyrocket tomorrow
I hope that works out for you. Don't be the idiot left holding the bag.
even at the low today i would have still profited but im not fucking selling boys 🚀🚀🚀🚀🚀
Man that Kool-Aid is some powerful stuff. Lets hope they process your sell order when you want to and it doesnt get caught in tsunami of all the retail closeouts.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌈🐻🌈🐻🌈🐻🚀🚀🚀🚀🚀
💎✋🏼
to valhalla 💎✋🏼💎✋🏼💎✋🏼🚀🚀🚀
You should all hope that GME does not issue a private stock offering to certain hedge funds, at whatever price they can negotiate, as a way to let the shorts cover. They would clean up, and it is not illegal.
why would they do that when hedge funds were trying to bankrupt them
The hedge funds were betting on them bankrupting themselves. they werent trying to bankrupt gamestop. Dr Burry actually convinced them with the help of others to buy back shares last year to prop up the stock price- the opposite of trying to bankrupt them
gamestop is the hostdoc of wallstreet. the shares will go poof soon enough and noone will stay behind to clean up the mess
As we can see from this example, the stock price does not directly correlate to business operations. Short sellers should not be able to drive a company into bankruptcy if their operations are sound and their cash flow is positive. Issuing a stock offering at these prices would get the company a lot of cash. Not saying they are going to do it, but they might be smart to do so.
Reading these comments, it feels like a lot of amateurs are dealing. Popcorn is ready for the drama when things don't happen as expected (or as someone "professional" who shared his theory, expected) and y'all shouting boo again at the hedge fonds for being so mean and tricky.
this is literally against gamestops best interest
go see how much they bought back. It was in their best interest and they bought back a lot. reality
its bigger than gamestop the valuation of gamestop alone is not the point of the squeeze
its already retail against retail. The smart money covered their losses earlier in the week
there is literally still a 122% float
😂😂 bro ur projecting u can still get in
Sorry I live a different kind of life. Stock pumpers and BS Dumpers are not the kind of people I associate with. I stay away from the fast money crowd, because most are hucksters that are only into themselves