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How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees
01-27-2021, 08:02 AM
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#361
- AltarOfPlagues
- yerrrrrrrr meh?
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- AltarOfPlagues
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Originally Posted By sugalump5⏩
Just shot to $320 a share my god, could walk away with a decent chunk of change right now but I believe the memes of going to the moon now.

do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
01-27-2021, 08:03 AM
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#362
01-27-2021, 08:03 AM
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#363
- Steveyblack
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- Steveyblack
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Up another months worth of salary in a single day.
01-27-2021, 08:04 AM
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#364
01-27-2021, 08:04 AM
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#365
01-27-2021, 08:09 AM
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#366
- meanstringbean
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- meanstringbean
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Need more BB and BBBY pump
01-27-2021, 08:13 AM
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#367
- Destor
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- Destor
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Originally Posted By Hmatt330⏩
Probably not nearly as much room to squeeze if Melvin/Citron already exited their short positions as is being claimedI think this really has potential to go to the moon, and thereโs more room to squeeze. Just want to get in on a dip. Anyone think there will be a dip today?
01-27-2021, 08:15 AM
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#368
- chrsschb
- Techno Brah
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- chrsschb
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Originally Posted By Destor⏩
They didn't exit ****. They are still 140%.Probably not nearly as much room to squeeze if Melvin/Citron already exited their short positions as is being claimed
|| MFC || C7 Crew || Trance & Techno Crew ||
01-27-2021, 08:16 AM
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#369
- AltarOfPlagues
- yerrrrrrrr meh?
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- AltarOfPlagues
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Originally Posted By Destor⏩
people butt fukked in a short position would absofruitly tell everyone they have covered their positions though lol.Probably not nearly as much room to squeeze if Melvin/Citron already exited their short positions as is being claimed
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
01-27-2021, 08:18 AM
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#370
01-27-2021, 08:19 AM
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#371
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
- Buy high, sell higher.
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This whole fukery has left humanity behind. It's beyond imagination.
01-27-2021, 08:26 AM
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#372
- Destor
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- Destor
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Originally Posted By TugOfPeace⏩
How can they exit their short positions if they're bankrupt..
Originally Posted By chrsschb⏩
They didn't exit ****. They are still 140%.
Originally Posted By AltarOfPlagues⏩
Who the fuk knows what Melvin did behind the scenes? I don't deal with options much -- what could they have done to manage the risk of these shorts?people butt fukked in a short position would absofruitly tell everyone they have covered their positions though lol.
Take that $2.75billion influx of cash and buy stocks? Buy calls? Seems equally ludicrous to believe that one of the top performing hedge funds of recent history is just sitting on massive losses and not taking steps to manage their risks in light of what's happening
01-27-2021, 08:27 AM
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#373
01-27-2021, 08:28 AM
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#374
01-27-2021, 08:28 AM
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#375
01-27-2021, 08:29 AM
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#376
- AltarOfPlagues
- yerrrrrrrr meh?
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- AltarOfPlagues
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Originally Posted By trippped⏩
buy morerobinhodd marked me as a day trader and wont let me sell my positions how the **** do i get around that?? rep anyone for adivce
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
01-27-2021, 08:29 AM
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#377
- chrsschb
- Techno Brah
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- chrsschb
- Techno Brah
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Originally Posted By trippped⏩
25,000 in your account. Otherwise gotta wait.robinhodd marked me as a day trader and wont let me sell my positions how the **** do i get around that?? rep anyone for adivce
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01-27-2021, 08:30 AM
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#378
Originally Posted By chrsschb⏩
This. When it went to almost 160 the first day, Melvin and groups like them probably used the influx of money they got from loans to take out even more short positions. Trying to regain control and make money. IMO the only thing that kept the retail investors from bailing entirely was Musk and that former ******** exec. Then retail investors came flocking back this morning. Especially after hearing short % was still virtually unchanged.They didn't exit ****. They are still 140%.
01-27-2021, 08:30 AM
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#379
01-27-2021, 08:31 AM
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#380
- Jaydawg08
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- Jaydawg08
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Originally Posted By AltarOfPlagues⏩
This. I'm not dipping my toes in this one, but it is fascinating to watch regardless. That one redditor who bought 50k worth of shares at $7 has some BALLLS to continue to hold tho. Think he might have cashed out a small amount on $2.2 mil in profits, but he literally is riding this thing to Marspeople butt fukked in a short position would absofruitly tell everyone they have covered their positions though lol.
01-27-2021, 08:31 AM
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#381
- AltarOfPlagues
- yerrrrrrrr meh?
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- AltarOfPlagues
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Originally Posted By Destor⏩
it is six sigma shiit or whatever. you cant calculate the risk of weaponized autism.Who the fuk knows what Melvin did behind the scenes? I don't deal with options much -- what could they have done to manage the risk of these shorts?
Take that $2.75billion influx of cash and buy stocks? Buy calls? Seems equally ludicrous to believe that one of the top performing hedge funds of recent history is just sitting on massive losses and not taking steps to manage their risks in light of what's happening
Take that $2.75billion influx of cash and buy stocks? Buy calls? Seems equally ludicrous to believe that one of the top performing hedge funds of recent history is just sitting on massive losses and not taking steps to manage their risks in light of what's happening
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
01-27-2021, 08:33 AM
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#382
01-27-2021, 08:34 AM
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#383
- meanstringbean
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- meanstringbean
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Hedge fund managers have egos the size of planets. Would not be surprised if there was some late night calls to get and deploy more capital
Fascinating to watch. But again - if you are buying some of these stocks like AMC late you are a modern day grandma falling for a cold call about a penny stock
Fascinating to watch. But again - if you are buying some of these stocks like AMC late you are a modern day grandma falling for a cold call about a penny stock
01-27-2021, 08:37 AM
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#384
Originally Posted By trippped⏩
Yeah watch out for this guys. FINRA rules say you can't do more than 3 day trades in a 5 day period (4 puts you into daytrader status). If you get flagged as daytrader, you have to maintain $25000 in your account or they force sell to bring you up (happened to me in 2008). "Margin call" is what they call itlol **** me wait until when
IIRC if you stop day trading for 3 months straight, you can ask them to do a 1 time unflag of you (I had this done)
01-27-2021, 08:38 AM
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#385
- AltarOfPlagues
- yerrrrrrrr meh?
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- AltarOfPlagues
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Originally Posted By meanstringbean⏩
agreed. if i was a hedge fund manager i would be thinkin how can i set a trap with a publicly shorted nerd stock.Fascinating to watch. But again - if you are buying some of these stocks like AMC late you are a modern day grandma falling for a cold call about a penny stock
GME can go to 1000 though
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
01-27-2021, 08:38 AM
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#386
- DesiredUserphag
- 1:12TilTheDayIFukinDie
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- DesiredUserphag
- 1:12TilTheDayIFukinDie
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AMC order got canceled by Robinhood but Blackberry order went through. They're catching on apparently
๐ฃ๐จ๐ฅ๐๐๐๐ข๐ข๐
ฯฯัโโ ััฮฑฮฝัโัั ศผััฯ โ โ/โโโ
๐ฌ๐๐๐๐๐๐๐๐๐๐๐๐ ๐ฎ๐๐ ๐ธ๐๐๐๐๐ ๐ฝ๐๐๐ ยฎ
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01-27-2021, 08:40 AM
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#387
Originally Posted By DesiredUser****⏩
Might be due to halted trading. On monday when I was trading in GME, I did have a stop put in at 70 but it got cancelled after a halt.AMC order got canceled by Robinhood but Blackberry order went through. They're catching on apparently
01-27-2021, 08:40 AM
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#388
- trippped
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- trippped
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Originally Posted By rootcon⏩
so i can contact them and have it done? i hadnt opened my app for 8 months prior to mondayYeah watch out for this guys. FINRA rules say you can't do more than 3 day trades in a 5 day period (4 puts you into daytrader status). If you get flagged as daytrader, you have to maintain $25000 in your account or they force sell to bring you up (happened to me in 2008). "Margin call" is what they call it
IIRC if you stop day trading for 3 months straight, you can ask them to do a 1 time unflag of you (I had this done)
IIRC if you stop day trading for 3 months straight, you can ask them to do a 1 time unflag of you (I had this done)
or i get my account up to 25k and thats all i can do now?
when would my account open back up?
01-27-2021, 08:43 AM
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#389
- Briisk
- EDM since way back when
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- Briisk
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If someone had cliffs on that situation that would be awesome, but basically stonk market and stonks = scam? Big players rule the market and little dudes get raped?
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01-27-2021, 08:44 AM
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#390
- chrsschb
- Techno Brah
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- chrsschb
- Techno Brah
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Originally Posted By trippped⏩
It tells you in the app it's 4 trades in a 5 day rolling window. Once you get flagged you have to wait until all trades are beyond that window.lol **** me wait until when
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