$0.67 (0.50%) Today
52 Week High
52 Week Low
7 Days Mentions
When you see #Rev lose some points here, youll feel the urge to sell. I say wait another day. GME just went into the red for the day. They're relying on basket shorting to drive the price down on Revlon. I think they're afraid. Notice how the massive price spike happns AH (Not a financial advice)
Question? Could 741 be the amount of days from when RC bought his first GME shares till the Sept. earnings? From what I understand he bought on Aug. 28th 2020, 741 days would be Sept. 8th 2022. You can see in the screenshot that earnings could be between the 6th and 12th of Sept. What do think?
I was saying that at the time. It wasnt a conincidence that it was Robinhood and IB that halted trading of GME for a bit. Those are the two that sort of cater to the yolo WSB crowd, and as a result they just have a lot of smaller dollar accounts that have a good amount of options access where a more traditional investment bank would tell you to get lost. Since, at the end of the day, the financial institution is responsible for the option if the account holder can't pay up, my guess is they had a few risk analysts shitting themselves for a couple days there.
The cope from GME tards - *all NFTs are dumb except MINE!* Gamestop is going to rally all game companies and Nintendo and Sony and Microsoft will join hands and allow nft content to work cross party at great expense to themselves and cutting their own profits in the process! Because GAMESTOP of all companies is going to do that.
Dude, even though we're on WSB it's really not obvious you're doing a bit given the amount of conspiracy theory level hate is tossed around here for pretty much any mundane financial news pertaining to brokerages or GME. Look at the massive downvotes to my legitimate question.
Take the million and invest it in a diversified portfolio including a smaller percentage in GME and crypto. Taking the gamble on a billion is insane to me. But then again there might be a reason my portfolio isn’t at -98%
>this sounds like DTCC was playing politics. How do you figure? Their job is to ensure transactions clear and markets function, that's it. >if they forced robinhood to pay up investors would have woken up to see their portfolios gutted without their permission and suddenly you'd have an investor revolt on your hands and a big loss of faith in the market. >the little guys may not make up a huge amount of the market, but if they all start pulling out their money when they realize they can get fucked because of someone else's mistake then the whole market would start having issues. They can't force Robinhood to pay, DTCC do not have this ability. All they can do is reject any further purchase transactions originating from Robinhood. So it would have just prevented people from buying any more stocks using RH for a couple of days till the transactions cleared. The people spamming GME buys already lost faith in Robinhood, it made no difference.
I don’t quite understand everyone being up and arms about this. Robinhood post collateral for all the unsettled trades their customers were making. They didn’t have any personal exposure except through systemic counterparty risk. It’s not that they took position on GME or whatever, it’s that too many of their customers traded on margin without waiting for settlement…
Right, and now you are just speculating that they aren't going to be willing to include a game based on no facts. Only a guess that they won't want anything to do with this shift in gaming. They let these same games sell on Steam. There is no reason to believe they will be treated any differently in the GME market.
That there are two plays. Nither would squeeze alone, no matter which one is starting the squeeze. You have your reasons I have mine! Honestly the only reason I’m bigger (which I am) on AMC is that I love the movies. For GME I have some shares, but I’m just in for the play, I don’t even play computer games, last time I played I was 15 years old and that is more than 20 years ago!
[https://imxgrant.nft.gamestop.com/coming-soon](https://imxgrant.nft.gamestop.com/coming-soon) Here are the games confirmed coming just through Immutable X partner. This does not include any developers independent of this grant/program or anyone yet to be announced. I agree there is some room for improvement, but these are not all that will be offered. Just what has been announced early. To speculate a little as to what may be coming; here is another GME partner and a quote from the article directly from Microsoft's webpage about the future of GME and Microsoft's partnership in digital gaming. Doesn't specifically mention NFTs, but just because it hasn't been released yet, GameStop has said that they have not announced the strongest partners yet. [https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) "This is an exciting day at GameStop as we announce the advancement of an important partnership that capitalizes on the power of our operating platform and significant market share in gaming to accelerate our digital transformation; drive incremental revenue streams; and over time, further monetize the digital world of gaming." I wonder what more direct way to increase market share in game sales, accelerate digital transformation, drive incremental revenue streams and "over time" further monetize the digital world of gaming than an NFT marketplace that facilitates gaming NFTs.
I guess that's why there are so many gaming partners already announced and lined up for the marketplace. Also, why are you limiting the marketplace to only games? Because it is with GameStop? You are aware they have already announced TV shows and books and music for the marketplace as well? Immutable X, one of the cryptos the marketplace will run on is working with Disney/Marvel and other companies (thats most notable) for NFTs of who knows what, and has recently announced they will also be working with an NFT ticket sales vendor for events. Will probably need a nice shiny new marketplace with whom they are partnered to process/facilitate all these transactions, no? I know my money is on this marketplace being a success. Does that make me biased? Sure, a bit. But it doesn't change the facts. There are real use cases for NFTs, not just gaming (though gaming partners are already lined up), and GME has created an NFT marketplace that is coming out within 45 days (barring tragic unforeseen circumstances) to facilitate the future of NFT transactions using an incredibly low fee system to do it.
Nothing stops someone else from doing it. That's the beauty of a free and fair capitalistic market. They would have to compete with GameStop's already established brand recognition, cult following, and already existing 55 million powerup rewards members who shop and have loyalty/rewards accounts with GameStop. Also, with the scale of what the GME marketplace is going to provide, comparing them to just "Steam", or just a "Ticket Sales" venue, or just a "NFT art" retailer would be unfair. Think more the Amazon of digital assets, based on NFT technology. Any other company or person would be free to make one themselves to compete. To them I say, good luck.
To be honest, I would not expect a sales platform to partner, rather the individual game developers themselves. Steam will remain its own separate platform and stay clear of NFT and crypto in gaming, as they have already stated. GME marketplace would become a Steam competitor by providing an alternative platform which DOES facilitate developers who wish to incorporate NFTs and play2earn in their games.
Computershare charges the company a maintenance fee per account opened. This DRS push costs the company you are investing in every single month. Their execution is also trash if you wish to sell from CS. In the case of GME, people drying up liquidity will ultimately cause GameStop to issue more shares as illiquidity is seen as a BAD thing by institutional investors. The misunderstanding is infuriating to say the least
> sort of like the Vanguard cult here that discourages any investment into an individual stock. Tbh, I've never actually noticed that. That said, I also speng a lot of time on r/Bogleheads, so maybe get posts confused. The irony of WSB is that the GME cult all but started thanks to one of those geniuses doing some incredibly thorough DD and documenting it all.
Actually, this is very true. Especially when we consider what the FEDs goal could be. A lot of older people I've talked to view the previous crashes as "a fools game, don't play". These people tend to be less informed and not very active in the markets or understanding the markets. The more educated one's who have stayed in the markets and have actively kept up with the financial system at around the age of 70 regret not buying X company "back in the day" when these crashes occurred. You know what scares the living hell out of me? I did pretty okay, I'm up and have considerd the FEDs real intentions since 2019. I did predict the marker crash of 2020 3 months before it happens (not like it matters too much), but I tend to be very observant and very lucky. I did this mostly off of general knowledge and gauging the sentiment of the commonfolk along with my own when considering a outside perspective. But here's what scares the hell out of me. A lot of people are completely oblivious of the economy of all ages. Maybe 1 out of 20 or worse really consider the position that we are in, and even less prepare or try to figure out ways to take advantage of the situation. I generally associate with the lower and middle class so I suppose this makes sense. But a lot of people who may have a clue of what's going on seem to have a freakish uncontrollable habit to consider these terrible possibilities, and then keep doing the opposite of what they feel is most optimal. Another thing that scares the hell out of me are those who bet big on cryptocurrencies. I did place bets im 2018 but pulled out around the AMC/GME bubble. But I was meeting a lot of people who were building their entire networth into cryptos, and then doubling down. These people tended to be younger. A lot of people I've met also used the unemployment + CARES ACT bonus and played fish in a barrel during the 2020 crash and "retired early", only to go back to work in 2021-2022. So it makes sense that 2023-2024 we could see an end to the shakeout. Especially because it only really began in Q1 2021. This is where retail favorites were being crushed, including Chinese stocks. But I don't expect Chinese stocks to stay low versus a SPCE because a lot of Chinese companies are great, the delisting fears seem less likely, and the sentiment around China is becoming more bullish in data/dollars, but maybe not so much in media rhetoric. (I am a China bull, and this wasn't my real point, just had to add this in there since it's a discussion about Evergrande etc as well). I saw retail favorites get crushed in Q1 2021, with some strong rallies here and there. But the crypto crash was a real eye opener. Not much of a crypto person here, but last time we had a crypto crash, was cannabis on the rage as well? Can't really remember. I would assume that companies with good future prospects will recover and find bottoms faster. But cryptos and some retail favorites that supply junk bonds may have a harder time finding a bottom, but have a higher chance than cryptos because it's pretty easy to differentiate a retail favorite stock that's junk, versus one that's pretty good but was dragged down. So I'm mostly concerned that despite a lot of people understanding to some level these things. How little they're willing to stop spending on big ticket items, not save, not invest, not prepare, and not consider the economy in 5-10 years. A lot of people may feel like waiting things out is fine, which is fine. But it freaks me the hell out how a person in there 20s working in retail, spends there money on Gucci, lives pay check to pay check, wonders why they're tight on money, and sets no real future for themselves. I suppose human capital that's constantly spending and not cashing in on their productivity is good. And a less informed one easily manipulated into the FEDs agenda is good too if the FED can herd them till death to create an overall net positive for the economy. Still pretty scary to me. And to be fair, I know people of all ages who make questionable financial decisions. So yeah I could see why 2023-2024 is the real shakeout. If it takes until 2023-2024 for cryptos to find a bottom and other stocks according to their value when all things considerd over time. It would benefit the goal of the FED, a 1-2 year punishment isn't long enough, especially when a lot of them have nest eggs for numerous reasons. But can Americans really tolerate this much stress? Probably, and deaths,hardships, etc don't really concern the FED if it can reach its goals in the long run. I'm more interested to see if Americans would get fed up and we'll see more protests as we've seen historically during hard times. But technology and globalization is cushioning a lot, and the government has access to many forms to sedate the disgruntled. With all things considerd, a DCA approach seems fine with some trading here and there. I would see a rally past ATH in 2022 being unlikely for the overall markets, but I do see it possible for "winners"that the markets deem will be the next big players. Which tend to have lower market cap and unrealized potential. Eh idk, I guess I just went off and had to put my thoughts down in text. Tldr; the FED could be an example of a really abusive partner who's manipulative and really fked up. And the victims of this abuse handle it very differently. Some victims figure out how to co-exist, others take advantage, some move on, and some just keep footing the bill and stay a doormat. Dam, absolutely brutal.
I started margin trading after reading wsb, there are some legit geniuses in there and then 99% videogamers with a RH account. The GME cult has hurt the overall quality of the sub though, sort of like the Vanguard cult here that discourages any investment into an individual stock.
\#1 - see if it actually closes. \#2 - Where I am, the local title company just told me yesterday that they don't have any closings for next month. \#3 - You can ALWAYS find one moron buying at the top. Example.. Some guy paid $483.00 for GME.
Halting the buy button was overkill. Now they got to keep that hush hush because that whole situation alone will crash the economy. GME is a huge deal and to hide that information from the skeptics is also a big deal. The more people who know the truth the better and what a better way to divide us than Roe vs. Wade… covid for example, one aspect was meant to separate us and it did the complete opposite. Instead people dig deep and uncovered so many lies and now there is a huge community of people roughly on the same page. Now this! I’m already seeing a sense of community where they are trying yet again to divide us! Now they are grasping! Shit is about to go down!!
yep I made 1000x more GME purchases after buy button got disabled and fraud got exposed. Now we can trash robbing the hood all day and shame anyone that uses robbing the hood. now their stonk is in the gutter and likely going bankrupt. all because of crime they committed. Thanks for the opportunity for wife changing money. and her boyfriend too.
Look, I sold all of my GME back in Feb 2021 for a profit. I don't give a shit about holding bags and GME was the least of my worries. This is not about holding bags nor is it about my profit or my loss. It's about a financial institution that claims to be performing a fiduciary service to it's clients (people like me and you), and not upholding that policy. If that trust is broken, then what other policies are they not upholding? Why *should* we trust banks at all if they are not entitled to the same principles that we as citizens are vs the big corporations. I'm not for withdrawing all my money and causing a bank run and I do still support our banks, but its stuff like this that is a slap on the wrist that would cause us financial ruin if we did the same thing.
Maybe this: New Congressional Report On GameStop Trading Frenzy Cites 'Troubling Business Practices, Inadequate Risk Management' On Friday, the House Financial Services Committee released a report on the 2021 stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood Markets Inc (NASDAQ:HOOD), trading firm Citadel Securities and high-flying stocks like GameStop Corp. (NYSE:GME). What Happened? Congresswoman Maxine Waters (D-CA), chairwoman of the HFSC, released a new report entitled “Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform.”
Everytime we have a few green days people say it is the bottom. Here is when the bottom will actually happen: -When all Ark funds are below inception price -When GME is below $15 and AMC is below $2 -When all the hype overvalued stocks and shitcoins of 2020/2021 fall 90%-99% from their ATH -When Tesla is below $250 -When Bitcorn stock is below 10k -When the market erases all pandemic gains -When people stop quoting Warren Buffet's quotes like "Be greedy when others are fearful and fearful when others are greedy" and will completely lose hope in the market and start panic selling their stocks
lol. It's like 2008 and Michael Burry. He saw the numbers and knew it would. He just didn't know when. ​ The people that shorted GME and others in a basket aren't dumb. And they are powerful and rich. It's not going to just fall apart when they're that connected. It may be a slow squeeze like Tesla. It may be rapid like Volvo. But it's going to go up before it goes to a natural price point. Way up in my opinion. I would say with a high interval of confidence it will squeeze within six months to a year. Definitely within 3 years.
[https://www.reuters.com/business/court-dismisses-claims-robinhood-wrongly-restricted-meme-stock-trades-2022-01-27/](https://www.reuters.com/business/court-dismisses-claims-robinhood-wrongly-restricted-meme-stock-trades-2022-01-27/) "Court dismisses claims Robinhood wrongly restricted 'meme stock' trades" reword it and file for another case. Claims robbing the hood wrongly restricted meme stock trades TO ​ \-Robbing the hood conspired with related parties to manipulate price of meme stocks and caused losses to many users as their customers are PFOF funds their users are not their customers PFOF firms are. \-USERS are not made aware that they are the product. requesting robbing the hood to indicate when users sign up they are the product and their trades may not go to the lit exchanges at any point in time and they provide liquidity to darkpools not real exchanges. \-requesting PFOF to be made illegal and is insider trading all revenue of PFOF shall be dispersed to all users. \-this is not just a GME litigation but a litigation on corruption and corrupt practices on WS all firms are culpable. \-present PFOF revenue data = all revenue of PFOF. and proof that we do not get best execution. \-we are suing all parties for PFOF fraud as well as colluding/conspiracy to conduct crime, turn off buy button , and lying under oath.
Imagine a company like JPM is getting margin called for $1B but they don’t have the cash on hand. Let’s say they have exhausted their abilities to borrow from other companies like them as well. JPM should have had to sell shares of other companies (perhaps their Ford or Telsa, or anything) to get that $1B to pay DTCC. They could have actually used this money to buy back GME shares and lower their exposure (could have certainly caused a spike in GME’s price too). But instead, it seems like all the big players with DTCC at the top said “ya know what, here’s a free pass. Let’s just wait it out, let the price drop and we’ll call this a mulligan.” Imagine your mortgage company saying; “you can’t pay your mortgage payment this month? You know what, let’s call it even, here’s the house for free. Enjoy life!” It ain’t gonna happen for us, only them
You need a broker to buy or sell stock. The broker needs to post collateral with the DTCC in order to buy or sell stock for you. In periods of great volatility, the amount of collateral increases. If your broker cannot meet the collateral requirement, they cannot buy or sell stock, therefore having to turn off the buy and sell button. The DTCC waived some part of the collateral, therefore making it easier for brokers to meet the collateral requirement. This is probably the reason that Robinhood allowed accounts to buy up to a certain limit of GME shares and options starting from the 29th. If the DTCC didn't waived the collateral, Robinhood probably wouldn't be allowed to buy or sell anything at all. Without counting the fact that other brokers might have also had to stop buying or selling entirely. The DTCC literally did the best thing they could have possible done for retail, but you fuckers see the words "margin" and "collateral" and go fucking ape shit, without understanding what you are actually reading.
Me? Hell. I wouldn't touch that crap. I'm a permabear. My point is it's still trading in the 3 digits is out performing most every other stock and shows no sign of collapse. Needs some explanation if your going to continue to badh it. Contrast it to AMC which has fallen. Can you explain? I can't. But I do think the bottom isn't in till GME fails.
I am very happy that the dtcc has saved the hf because at that time I was not inside GME now I own 120 shares registered a few in shitdelity for the money and waiting for the liftoff to uranus.. Thank you DTCC without you I could not have been a millionaire