I want to buy a few shares to support the movement. How likely is it that I’ll lose it all?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But how does it end?

Various hedge funds have already lost $19b on Gamestop stock. Once they've covered their shorts, it'll be time for the redditors to sell and move on. Or hold and move on.

Then it'll be over.

Which, IIRC, they wouldn't have been able to do unless middleman companies like Robinhood and others didn't both put a block up to small investors buying and force some small investor accounts to sell without obtaining prior authorization (which may or may not be within their TOS, which themselves may or may not hold up in court of law).

Is that right?

NP and I would suspect that the TOS permits them to block investment in certain companies at their discretion. If they actually forced people to sell without authorization that is probably not covered by the TOS.

I bet they have an arbitration provision so if there are a lot of smaller investors it may not be cost effective to pursue for many of them.

There are reports online that this is what happened (obligatory grain of salt), and I think that is part of a class action lawsuit starting up. People are posting screenshots of messages that shares were sold for their "protection" or wording like that and accounts closed.

Big caveat: I don't understand any of this very well, but am trying to sort through it.

Anonymous wrote:

Anonymous wrote:Why is shorting allowed? that seems crazy

Np. Shorting plays an important role in not letting stocks get overheated. Obviously it’s been corrupted.

It is an important risk mitigation technique. If you are a dealer, it's your job to have stock inventory for your customers to buy. You are not holding it for potential gains. In fact, you want to be flat as you ca be on the risk. Shorting the inventory is perhaps the most important tool for achieving that.

Also, it's pretty legitimate to short a stock one thinks is over-valued. That helps price discovery and liquidity.

But shorting a stock to drive a company into bankruptcy simply to enrich oneself--pretty nefarious. Would love to see rules that prevent this type of shorting while allowing the other types.

Dumb pretty much sums it up on all sides.

Anonymous wrote:Why is shorting allowed? that seems crazy

Np. Shorting plays an important role in not letting stocks get overheated. Obviously it’s been corrupted.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But how does it end?

Various hedge funds have already lost $19b on Gamestop stock. Once they've covered their shorts, it'll be time for the redditors to sell and move on. Or hold and move on.

Then it'll be over.

Which, IIRC, they wouldn't have been able to do unless middleman companies like Robinhood and others didn't both put a block up to small investors buying and force some small investor accounts to sell without obtaining prior authorization (which may or may not be within their TOS, which themselves may or may not hold up in court of law).

Is that right?

NP and I would suspect that the TOS permits them to block investment in certain companies at their discretion. If they actually forced people to sell without authorization that is probably not covered by the TOS.

I bet they have an arbitration provision so if there are a lot of smaller investors it may not be cost effective to pursue for many of them.

Why is shorting allowed? that seems crazy

Anonymous wrote:But how does it end?

Hedge funds will be forced to sell blue chips to cover their losses while the redditers go to burger king.

Short term correction followed by a roaring 20's redux consumption binge.

Thanks. It's all new to me.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But how does it end?

Various hedge funds have already lost $19b on Gamestop stock. Once they've covered their shorts, it'll be time for the redditors to sell and move on. Or hold and move on.

Then it'll be over.

Which, IIRC, they wouldn't have been able to do unless middleman companies like Robinhood and others didn't both put a block up to small investors buying and force some small investor accounts to sell without obtaining prior authorization (which may or may not be within their TOS, which themselves may or may not hold up in court of law).

Is that right?

Correct. Slime bags gonna slime.

Anonymous wrote:

Anonymous wrote:But how does it end?

Various hedge funds have already lost $19b on Gamestop stock. Once they've covered their shorts, it'll be time for the redditors to sell and move on. Or hold and move on.

Then it'll be over.

Which, IIRC, they wouldn't have been able to do unless middleman companies like Robinhood and others didn't both put a block up to small investors buying and force some small investor accounts to sell without obtaining prior authorization (which may or may not be within their TOS, which themselves may or may not hold up in court of law).

Is that right?

Anonymous wrote:But how does it end?

Various hedge funds have already lost $19b on Gamestop stock. Once they've covered their shorts, it'll be time for the redditors to sell and move on. Or hold and move on.

Then it'll be over.

But how does it end?

It’s gone international. Even Chinese are in on it now

Anonymous wrote:The squeeze is still on. Bought 10 shares to support the movement. Better investment than when I donated to Bernies campaign. Come on in, join the good fight.

Well better investment than donating to Bernie's campaign is an exceptionally low threshold to meet, but I am still not sure donating to random day traders can even meet that low bar.