some guy on biz bought 15k nok shares at 9.79 yesterday. literal ****ing top. lol

Where are you buying? As soon as I withdraw from Robinhood I’m closing that account after today’s mess.

That sucks

Had a handful of people blow my phone up about stonks in the past 24 hours, one guy was adamant on buying AMC @ 16 and now he's thanking me he isn't down 50%

Now the gambler in me wants to play it @ 8

Haven't laughed this hard or been this entertained in a long time with the market

JFL if you use Robinhood

It is FOMO on steroids. A nearly BK company like AMC or a KOSS going from $3 to $105 is insanity. There is no rhyme or reason for it and when you see people like your friend wanting to get in stocks now?

That is a sign that a major sell off is imminent.

I think I've read that RH, TDA, and E Trade all halted purchases of meme stocks. I think I've seen that Vanguard (lol) and Fidelity are still no restrictions.

So, thinking we should look into a mass exodus into Fidelity. Anyone have any thoughts on them?

It is FOMO on steroids. A nearly BK company like AMC or a KOSS going from $3 to $105 is insanity. There is no rhyme or reason for it and when you see people like your friend wanting to get in stocks now?
That is a sign that a major sell off is imminent.

Also, bought 1 share of GME this morning for the lols, @ $480ish. Should I sell now? Not happy seeing a $300 loss, thought this would moon to $1k.

this is the way, buys at the literal top then sells low

this is the way, buys at the literal top then sells low

I did it for the lols brah. Literally just to see where it went, wasn't worried about buying high or low. I don't do that for any other trades.

Also, bought 1 share of GME this morning for the lols, @ $480ish. Should I sell now? Not happy seeing a $300 loss, thought this would moon to $1k.

am I retarded for buying 2000 shares of NOK at 4.91 today?

did it in my IRA figured I could always sell covered calls and break even

He used margin.

"I decided to buy 100 OTM (Feb 05 570 strike) calls and put in a market order for them before market opened. I estimated the price to be around $100 at most. It ended up filling for just a bit over at 110. That part was fine. But instead of buying 100 calls, I bought 100 contracts. 10,000 calls. I don't think even I'm retarded enough to forget 1 call contract = 100 calls. I'm thinking it was some kind of glitch in their system. Of course I only slept 6 hours last night, so my brain could possibly have crashed.

For some reason, the order went through and I was down nearly a million in cash. I rushed to sell, but my broker's (Royal Bank of Canada) was down. By the time it was back up, GME had crashed. RBC liquidated all my calls for far below what my buy order filled at and destroyed my account. Then, as we all know, GME rebounded. If they didn't touch any of my positions I would have been fine. Taken a big loss maybe but not negative $300k in cash. The interest charged for negative balances is 21% annually."




edit: Actually wait.



he bought 100 calls (those calls feb 5th 570$ strike) were $110 this morning.

so he bought $1.1 million worth of call options.


right now those contracts are trading at $55 each.


why would broker sell on him? he got margin called on wait down? broker protecting their margin? thinking gme will crash and burn.

Exactly......Never seen so many people IRL want to get into the market at once and that is a huge signal for something. I don't necessarily think it means a major selloff, I'm more inclined to speculate this means we'll continue to see massive rallies in certain sectors w/ obvious dramatic corrections like GME. And no doubt there's a 20ish % correction 1ish times a year so that may come too.

Edit- But with this many new people wanting to throw money in I actually think Venom's prediction of a 40k + dow isn't out of the realm of possibilities for a few big reasons. Oh wait I mean 60k....nonetheless,,,,wouldn't be surprised, I'm all in long.

so what are some recession proof stocks boyos? Pltr?

so what are some recession proof stocks boyos? Pltr?

I put in 10k in BB yesteday. Was up 4k now I'm down 2k overall... Honestly no sweat but I feel bad for those who made investments they couldn't afford.

What's going on right now is complete bull****, although I will admit I've had a bunch of laughs today at the expense of others.. Stocktwits live feed at 6:30am was absolutely hilarious... I was howling with laughter at the twitter post to robinhood "I will burn you to the ground".

I'm holding. DGAF. IF there's a class action law suit, I'm in. This is blatant rule breaking and cheating... Dare I say just like the election? But that's another topic.

This is yet another eye opening event for America and ROW. Take a look around. They all tell you to behave, behave, behave, yet the people up top do nothing but lie, cheat, and steal.

I KNEW there would be tears today. I called it and that's not to say I told you so, but yesterday just had that fools gold allure. I'm guilty because I jumped in on it. I ignored BTC @ 33 bucks 10+ years ago. I ignored gamestop recently at $5, $17, $50, $130 and beyond.

Take this as a valuable lesson guys. You can't be mad.

Oh, and on that note... If you bought into BB. HOLD. They want you to sell. It's the only thing you're allowed to do with the stock at this point.

So what's the likelihood of me being able to transfer my "Unsettled Funds" from my 300% return in the last 48 hours from RobinHood to my bank account before RH is completely fukked/frozen?

this is the way,

Thinking of shorting NAKD for the lulz

also where do you even trade penny stonks?

brb I sound like a degenerate gambler, only looking to play with a few hundred bucks on the above tho