No longer short, ouch.
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Congrats, Bend3r. It was at >$300 this morning.
Havenāt sold yet. My short puts maybe dated too far outā¦
-66% from current price and next Friday expirationā¦ and itās still over $30(!).
But yeah. Itās still at $360.
I should have bought $40 BB calls instead yesterday.
Wondering how all this short covering will affect my long SDC position that I can finally exit post IPO
Regulators looking for an excuse to do something, once they figure out what (and the politiciansā families has time to buy the right options).
āBIDEN TEAM IS āMONITORING THE SITUATIONā WITH GAMESTOPā
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Itās kind of funny, clearly it doesnāt fall under manipulation, and neither is there dissemination of false information to pump the stocks (though some of the shorts may be lying about having sold when they havenātā¦).
Isnāt the shortsā demand real and was of their own volition? What artificial manipulation of supply and demand is there?
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Could be coordinated group buying to manipulate the price, not filing as a group under SEC rules, something. First they find someone who canāt defend themselves, then they figure out what theyāre guilty of. Remember the guy in his moms UK basement that caused the flash crash in the whole market? Yeah right.
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But they looked at hedge fund strategy coordination lunches and said that was fine?
Funny individuals just saying they like the stock could be looked at any differently.
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1%ers donāt like getting taken advantage of. Go running to their bought-and-paid-for politicians when the same game theyāve been playing for decades is used against them.
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Sen Warren telling the regulators ādo your jobā and that they need to do something about this. Several brokers are blocking the ability to open new positions in AMC or GME, and some are even blocking your ability to close positions (probly by mistake). IB has GME options on close only as of midday.
Something must be done. This is Something, so it must be doneā¦ the regulators are just waiting to be told what theyāre supposed to do.
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Reminds me of when China stopped/jailed short sellers. On fragiledeals weāre trying to keep it within the group. Just think what we could do if we could move markets like reddit??
or maybe even the movie, Trading Spaces
Back to topic, I believe GME, BBW will come down to earth soon with fundamentals but apparently itās getting hard to get in/out of these positions due to supply/demand? Which retail brokers are best for this for sticking my toe in for shorts ? Have reg. long accounts in most.
The SEC reminding you they exist; took a break from porn watching to put out this PR.
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Is there a way to get a list of stocks with lots of short interest? I found a few websites that just have a short (LOL?) list, but I think I need a generic screener-type site thatāll sort by short interest or something.
I think there are other, never-talked-about stocks with some short interest that got caught up in this absolutely ridiculous wave.
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Iād say IBKR but they restricted to only closing positions, probably to avoid the auto liquidation disaster that occurred in WTI in April. Tastyworks also does well with the speculative investor, although I havenāt tried them on these high volatility positions.
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Pretty crazy actions to protect some $B shorting hedge fund manipulators
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Discord banning the WSB chat group. Reddit WSB is private now. Both companies are ācooperating with authoritiesā.
Meanwhile, these actions are blowing up the bubble and taking the big market with it. Broad indexes -3% or worse now.
WSB isnāt private more than itās deactivated. Iām a member and canāt access. Interestingly GME dropped to 220 but bounced back to 280.
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isnāt this how frothy bull market typically end .With parabolic moves, frothy IPOs and now stupid short coveringsā¦
so none of the retail firms like Fido and like?
Tons of brokers were having tech issues today - Robinhood, E*TRADE, Schwab, Fido. Many were down in part, some orders were not executing, the rest were slow or laggy at times. IB held up pretty well, although they stopped opening options trades in GME half way thru the day
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