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So explain why they limited buying, but not selling?

With over 100% still shorted, you actually are basically guaranteed that you're taking it from the hedgies.

And if what I said is true, it's just exacerbating the problem. People are just looking at these as sales now and the price flies back up when they're done manipulating. Looks like the prices are coming back up again.

Same sell ladder as before based on volume. They're hoping to get people selling before the weekend I bet, especially since so many were convinced today would be the day of the squeeze and not understanding that it's at close. And if they can get it low enough, a lot of stuff becomes OTM soon.

This is true. I have a finance degree, a job that allows me to research this shit essentially all day (probably done a good 50 hours of reading this week), and I still only put in about 0.1% of my net worth into it. I know the risks, but most people have no fucking clue what's going on. And...

Yep, that's why they revel in the fact that they're all "retards." They're broke idiots. What the fuck do they care? Oh, they lose and they're still broke? Or they hold and make a fortune.

Just keep in mind the bulk of the AMC shorts are sub-$8, and since we've stayed above that level, the squeeze is still there.

I feel like the restrictions on amount of shares to buy is really stifling upward movement this morning. Otherwise I can't figure out why shit would be flying like it was previously but stalled out now.

My understanding is it's updated on Wednesday. And as of this past Wednesday, 2 days ago, it was 122% or so?

If they did, they ate a giant pile of shit to do so. That doesn't make much sense. If anything, they got out of the high money shorts that they doubled down on with their $2B cash infusion Wednesday. Those shorts were closer to the $300/share range. Getting out of the $2 shorts while this is at...

They've still got more shorts outstanding than stock in existence. The short squeeze will happen unless everyone bails out the hedge funds by selling. I say this as someone with not a single share in GME.

It eventually went through. But the delays meant I got in at $16.50 instead of like $13 (and had my overnight not been cancelled, probably $8-10). Which means I've been sitting here with dead money waiting for AMC to recover. Had it not been for the buying cancellation yesterday, I might be...

I will say it's interesting that I'm starting to see posts on WSB about how "holy shit, the market might tank after this." Pretty sure I called that mid-day yesterday when I noticed the whole broad market was in the red except for meme stocks.

I have to keep reminding myself that I don't actually care that much about this. Even if my 60 shares of AMC skyrocket to $30 tomorrow, I sell it all and buy GME, and that skyrockets to $5,000/share, the amount we're talking about isn't life changing. I mean, I'm not saying $25k wouldn't be...

I mean, if that's true, tomorrow's the day the world economy ends. Why would they just allow trading to resume if that's the case?

Well, goodbye my fucking hopes at breaking even.

So what's the next band since it's at $12.34 right now (granted, in AH).

AMC hit $12 too.

Ditto with "ackshually it wasn't $810k for a single speech." Fine, it was $810k for several speeches, I GUESS YOU WIN! And fuck the Press Sec. with "she's an expert." Apparently experts can't be wrong about anything and bribing them isn't a thing.

Fuck these fucks. What a joke. https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility/

So any ideas why they've stalled out again? Seems like people would be buying this dip.

Aren't short term at your regular income level?

AMC was flirting around $10 for a while and seems to have lost support.

I just want to point out that Apple is down again today. Stock market is fucking retardo.

They're still way up compared to a week ago. But yeah, if I'm on the board of Blackberry or Nokia, I'm sitting here like what the fuck?

I can't imagine those are actual shares being sold by Robinhood. Margin call - sure. That would be so incredibly fucking illegal that people would go to actual prison.

Has anyone taken a look at the volume on GME and AMC? Wondering if this isn't just another ladder down like in AH last night. Granted, the volume could also be low since no one can buy, but it's a thought.

Feel like I'm playing with house money now. I can hold AMC until it's green again, and if not, I'll just sue Robinhood for market manipulation. Win-win.

Yeah, but who is going to stick with Robinhood after this? It's not like institutional investors are using it. They killed their entire business model.

Wow, I can't believe Robinhood would crater their entire company to save some small hedge funds. 2021 is crazy.

Been reading it most of the afternoon. They do refer to themselves as faggots, apes, morons, etc. It's pretty self depricating. Heck, there was a super serious, long post about when to sell, and the last point was "you're probably gay" and it was like a 500 word paragraph.

Yeah. If there's one thing we can agree on, it's fuck the rich. It's pretty amazing to me that Reddit of all places is what caused us to reignite the class warfare from post Great Recession. They sidetracked us for a decade with a race war, but now it's game on again.

I'm too risk averse. Even with high 6 figures in net worth, I only put $1k in. Depending on what happens tomorrow, I may throw another $1k in, but that's it. I have a significant amount to lose if this topples the market. See the above. But I'm all for inflicting pain on these fuckers even if...

That's what I've been saying. All they've done here is made people say, "Fuck, I don't even care about the money anymore, I just want to stick it to the 1%."

Saw a post from a guy who had 25k shares of AMC for $60k in. Sold them earlier in January when it doubled. That's a half million in potential profits had he sold at the top today.

No, please don't do that. If you were really confident the market was about the collapse that'd be the play. But...just don't.

Start shorting. EVERYTHING!

I don't. Mine goes 80% C, 20% S, which is essentially total market.

Honestly, this was perfect timing for that. Not to get too politics thread here, but there are about 70+ million pissed off Americans. To do this so shortly after is just impeccable timing.

Good call. And that's a good wake up call for me, as it's my usual response to people worried about the whole economy crashing. If that's the case, it's ALL worthless. Best to just stick with my current strategy. We're both employed still, so we can buy the bear.