General Why aren't you dorks talking about gamestonk hilarity?

[Deleted member 1]

So it's just manipulation then.

Glad they settled that for us haha

Their statements harped on focus of safety for retail investors.
Of course if they have a liquidity problem they can't just outright say that. But they are hanging themselves with their statements.

Regardless the solution would be to stop all Robin Hood trades on that stock and just get out of the game. Not pick a single side putting your thumb on the scale to make sure that the market goes to certain direction at a certain time.

 

[Enock-O-Lypse Now!]

View: https://mobile.twitter.com/breakingmkts/status/1355136896435965954

Im keen on putting a couple bucks on this Dogecoin. Whats the best platform to use for this?

Zach Morris of Saved by the Bell fame is pumping this:

Don't miss the chance to get your free stocks!

act.webull.com

Enter at your own risk though.

 

[Deleted member 1]

Im keen on putting a couple bucks on this Dogecoin. Whats the best platform to use for this?

It's a pump and dump. There are an infinite number of opportunities for you to buy a coin before it's spiked by whales.
If you want to get in on the crypto game as a pure gamble, then pick a coin that has a reasonably good following and then purchase it now. Then quit looking at it. At some point the next two years it will be pumped and dumped. You can set limit orders at 10x your purchase price and at some point 6 or 18 months from now you'll probably get a notification that you got 10 times your money back. If it shoots the moon you would miss the rest but here's an easy way to not think about it.

 

[SoupCan]

Getting off night shift, to excited to sleep... hope I dont miss much, goodluck retards love you to the moon baby

 

[BeardOfKnowledge]

Trade always requires someone to buy if you want to sell and vice versa. You can't buy anything if no one is selling.

Imagine you're a broker. You get $1M in buy trades and NO sell trades. If price doubles and people cash out, you need to cover $1M. Imagine price goes from $40 to $350, price has increased 9 times!

So you have a load of buy orders and you're struggling to cover them. You need a whole load of sell orders to cover the buy orders. You'll take all the sell orders you can get and that's good for everyone; the guys who have buy orders can get theirs fulfilled.

Or you could also cancel sell orders and then it becomes a non issue. As I said, cancel both, okay, i guess. Cancel just one and it's because you're putting your thumb on the scale.

 

[Leigh]

Or you could also cancel sell orders and then it becomes a non issue. As I said, cancel both, okay, i guess. Cancel just one and it's because you're putting your thumb on the scale.

No, it doesn't become a non issue. You're now loaded with a ton of Buy orders and you're struggling to fulfill them.

 

[4112]

The coinbase app is a good one

 

[BeardOfKnowledge]

No, it doesn't become a non issue. You're now loaded with a ton of Buy orders and you're struggling to fulfill them.

How does one becomes loaded with buy orders when they've suspended all trading?

 

[Leigh]

How does one becomes loaded with buy orders when they've suspended all trading?

They suspended trading after they got loaded with buy orders, because they got loaded with buy orders.

 

[ThatOneDude]

How does one becomes loaded with buy orders when they've suspended all trading?

Your prior wording is somewhat confusing and seems like you were saying cancel sell orders but keep buy orders opened.

 

[kaladin stormblessed]

Makes sense, except in that case they should be halting all trading, not just selling. Which is part of why I call bullshit.

*Edit: meant to say buying. Its early.

brokers don't halt trading. that's not something they can do. the NYSE can and im sure has halted all trading on these stocks for periods of time as market breakers were hit

robinhood is just a broker. it doesn't have that sort of control

 

[member 1013]

It's a pump and dump. There are an infinite number of opportunities for you to buy a coin before it's spiked by whales.
If you want to get in on the crypto game as a pure gamble, then pick a coin that has a reasonably good following and then purchase it now. Then quit looking at it. At some point the next two years it will be pumped and dumped. You can set limit orders at 10x your purchase price and at some point 6 or 18 months from now you'll probably get a notification that you got 10 times your money back. If it shoots the moon you would miss the rest but here's an easy way to not think about it.

Pick one for me please

 

[member 1013]

little tangent that may or may not surprise yall. ties in to the yellen speaking fees

back when I was at a , I was a conservative. and on my last floor, I only knew of one other republican.

When you were at a what?

 

[BeardOfKnowledge]

brokers don't halt trading. that's not something they can do. the NYSE can and im sure has halted all trading on these stocks for periods of time as market breakers were hit

robinhood is just a broker. it doesn't have that sort of control

They aren't supposed to halt buying either, but here we are.

 

[BeardOfKnowledge]

Your prior wording is somewhat confusing and seems like you were saying cancel sell orders but keep buy orders opened.

No, I was saying halt everything or halt nothing

 

[ThatOneDude]

View: https://www.reddit.com/r/wallstreetbets/comments/l7qwvo/wsb_what_is_your_strategy/?utm_source=share&utm_medium=web2x&context=3

 

[ThatOneDude]

No, I was saying halt everything or halt nothing

I get that now, I'm just letting you know how you initially worded it was somewhat confusing.

 

[BeardOfKnowledge]

They suspended trading after they got loaded with buy orders, because they got loaded with buy orders.

But they didn't suspend trading, they suspended buying. That's the crux

 

[Leigh]

But they didn't suspend trading, they suspended buying. That's the crux

I was using your wording. Yes, they suspended buying because they got loaded with buy orders without enough sell orders to fulfill them.

If you haven't traded, I get that it's confusing. It's confusing to me too and I'm a (newbie) trader

 

[BrunoMcGyver]

It's a pump and dump. There are an infinite number of opportunities for you to buy a coin before it's spiked by whales.
If you want to get in on the crypto game as a pure gamble, then pick a coin that has a reasonably good following and then purchase it now. Then quit looking at it. At some point the next two years it will be pumped and dumped. You can set limit orders at 10x your purchase price and at some point 6 or 18 months from now you'll probably get a notification that you got 10 times your money back. If it shoots the moon you would miss the rest but here's an easy way to not think about it.

mate I’d be happy buying now, going to bed then waking up and hopefully having made enough money to buy me a bottle of whiskey

 

[member 1013]

I was using your wording. Yes, they suspended buying because they got loaded with buy orders without enough sell orders to fulfill them.

If you haven't traded, I get that it's confusing. It's confusing to me too and I'm a (newbie) trader

Game theory sucks

 

[Leigh]

Pick one for me please

Ethereum or XRP

 

[kaladin stormblessed]

for the record, robinhood in the news last night said their move was not based on any liquidity problems with their company

on both of the two interviews I've seen now, cnn and cnbc, he's mentioned the collateral requirement at clearing houses

in terms of the "liquidity problem" question by the cnbc tool:
my interpretation is that the level and/or direction of trading on these stocks was not expected within the normal course of business. so the broker had to temporarily suspend one side of the action since it didn't have cash on hand to support more buys

but that doesn't mean the firm isn't liquid. it may have plenty of money set aside for emergencies on short term money market instruments. but those funds may not be available on T0 (takes a day or 2 or 3 to clear into cash, depending on what type of short term product we are talking about)

doesn't mean the firm as a whole has liquidity issues. just means they were not set to handling this amount an/or direction of market activity

 

[ThatOneDude]

AMC at 14 and climbing

 

[Lukewarm Carl]