yeah. I mean, reality is what it is, and it is up to me to deal with that. That's just how it is. Minivan lady needs to wise up fast, and that's hard truth just like being a Jets fan. But you do clarify part of why I just don't do this stuff. I'm wired soft. Lots of ways not to be a sucker, fortunately.This is the exact functionality of the stock market. Is binary. For every buyer there is a seller. Feeling bad for bagholders is like feeling bad for Jets fans. It just isn't in my DNA. If it was, I wouldn't invest.
If the stock is shorted over 100% please tell me how it hurts a normal person? That stock can literally continue to rise if the shorts arent satisfied. You understand that right?
So profit on it and buy some broke ass looking person a tank of gas every so often.Honestly, there's some ethical self-examination that needs to be done here on participating in this kind of thing. While there are some guilt-free lulz to be had about sticking it to some big players, those guys are also in the best position to protect themselves. I'm not sure how comfortable I'd be profiting on a meme stock (assuming I successfully got out high) knowing there are pretty good odds I'm actually taking money from minivan lady in the parking lot.
So explain why they limited buying, but not selling?as I understand it, RH didn't run out of money. when you buy/sell through RH, what you sell isn't bought by someone at RH. RH moves your transaction through a clearning house. that process takes 2 days. that process comes w/ a cost, a 1-3% based on the stock price, as the stock will probably move in price over those 2 days. RH keeps enough cash to cover the typcial volume of trades at a 1-3% cost.
the clearing house saw the price swings on these stocks, so jumped the cost on them from 1-3% to 100%. this meant RH could no longer cover trades on those stocks.
Every brokerage that used a clearing house was hit w/ this crazy spike in cost to trade those stocks. Fidelity doesn't use a clearing house, thus why they never had a problem continuing to let people buy through their platfrom.
someone correct me if i'm misunderstanding any of this.
Theoretical question from a pleb like me with no deep understanding of many of these things.
Lets say for whatever fuckery reason, there’s a panic and GME shoots back down to $25 or something like that.
Hedges have lost billions this week. In that kind of event, would the hedges get all their money back and then some, or would it be more or less parity, or would they get some back but still be bigly down.
as I understand it, RH didn't run out of money. when you buy/sell through RH, what you sell isn't bought by someone at RH. RH moves your transaction through a clearning house. that process takes 2 days. that process comes w/ a cost, a 1-3% based on the stock price, as the stock will probably move in price over those 2 days. RH keeps enough cash to cover the typcial volume of trades at a 1-3% cost.
the clearing house saw the price swings on these stocks, so jumped the cost on them from 1-3% to 100%. this meant RH could no longer cover trades on those stocks.
Every brokerage that used a clearing house was hit w/ this crazy spike in cost to trade those stocks. Fidelity doesn't use a clearing house, thus why they never had a problem continuing to let people buy through their platfrom.
someone correct me if i'm misunderstanding any of this.
It's impossible to say because you don't know what they have done with their positions during this week. Some that started out getting hurt 3 days ago won't surprise me at all that they profited bigly off of this.
If you still hold the equity after the short squeeze, you have to sell it to someone or you'll be sitting on it for the crash.
The squeeze never ends if you continue to hold.
So furious with RH right now. They are blocking every move I try and make. Limited me to 1 share of GME.... 1 share... 25 shares of AMC. If you guys see any class action stuff that looks legit please post it. I'm pissed.
Not rigged for Fidelity customers apparently.I mean this shit is 100.00% rigged and why I never got into it.
Gives someone the perfect opportunity to make an RH clone.Someone or something had to bleed out for the funds involved to stay solvent. I fell they just made the decision to let RH go up in flames to save the rest of the fleet. Make no mistake to lose RH to this debacle cost them a shit load but it saved so much more.
Not rigged for Fidelity customers apparently.