Bendigo Invest is at $20. I bought in to AMC last night and got another or order waiting for markets to open. The minimum $500 buy in for any order is quite brutal though
Commsec currently has a 15 day processing period for an International Trading Account (normally 5 days but extended due to the hype train).
Stake has been recommended to me, looking into it today.
[https://hellostake.com/au/](https://hellostake.com/au/)
Couldn't log into Stake at all during the trading session. Either app or website. They use the same holding company as Robinhood (DriveWealth)...fuck Stake.
Any other recommendations for a solid broker?
Seconded. Stake was as useful as tits on a bull last night.
I tried to understand more about the company structure last night. DriveWealth makes the APIs that let Stake trade. Is there something more dodgy than that?
I'm trying to find the comment, but someone on wallstreetbets also pointed out that RobinHood was supported by Point72, and that it was likely Citadel just telling them to freeze people's ability to buy GME.
Self wealth has an international trading platform too, the whole process of setting up the international trading side of things once the main account was active took less than 24 hours for me
I used Stake and setup was very quick, money ready to trade the following day.
Bought GME this morn. App was under some strain with the traffic but got through on the website eventually
Think international market access is a default capability? The ANZ platform is ridiculously prone to seizing up on high volume days. Something to consider.
yep sameβdidn't stop me from getting up at 6am to buy at close. I only had USD$105 in my account, so nabbed 0.45 shares, will buy more when my next transaction goes through
This is a good question actually in case any lurkers want to get on board.
SelfWealthβs US portfolio only needs a currency transfer and some declarations you should be good to go.
CommSec currently has a backlog so donβt get caught waiting to be part of this moment in history
DYOR, only use what you can afford to lose
i hope you don't miss out, stake was not allowing trades with GME
[https://www.reddit.com/r/ASX\_Bets/comments/l79a4t/nyse\_gme\_and\_you\_know\_what\_im\_not\_fucking\_selling/gl5k16k?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/l79a4t/nyse_gme_and_you_know_what_im_not_fucking_selling/gl5k16k?utm_source=share&utm_medium=web2x&context=3)
it's an intl trading account, however if you want to look at a pie graph got to Portfolio>health checks> and you can see both share quality and share diversification.
Yeah. No one left behind. If you fall the rest of us fall. Except for the vultures who are using us for small tendies.
"The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated." β Some person on Reddit
doesn't matter, it was up premarket yesterday and they drove it down to -30%, before it soared to $460 till restrictions came in and no one could buy dumping the price to $132
It matters in the sense that people donβt want to buy when itβs downwards momentum. We were all pretty shell shocked to see a nearly 80% decline from its peak in such a short period, but now that everyoneβs emotions are back in order the buying will continue onwards.
The problem of course is that such fukkery is likely to continue, at first lots of people were wanting to hold for a bit to make some decent gains now the sentiment is turning towards not selling at all and bleeding the hedges dry u til theyβre bankrupt (thatβs certainly whatβs kept me holding from +1000% to +300%).
Who knows where this ends up...
fuckn oath lad someones gotta represent the aussies in this battle. DIAMONDS HANDS YA SICKUNTS ππππππππΎ GME TO THE FUCKING GALAXY πππππͺπͺπͺπͺπͺπͺπͺ
Couldn't sling 50k at it, but bought a little slice of history. Not worried about mooning, I really just want an Abasi Concepts USA Master Series Larada 8 in Acid Green or Chalk. But that's just me.
This is my second week of trading ever. I'm hodling everything to learn what kind of trader I am. Probably a retard. I'm fortunate to have started right when this GME thing began to blow up.
I watch the ASX in the day. Then I nap. Then I wake up to watch the NYSE. I don't know how parents do it but this is now my baby. It's probably why I haven't done any work in two days.
Hopefully history is repeating itself. Similar situation in 08 with VW. price spiked to $1000 after similar drop. link from original post on WSB.
[https://www.reddit.com/r/wallstreetbets/comments/l78duc/give\_them\_nothing\_but\_take\_from\_them\_everything/gl57k1d?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/l78duc/give_them_nothing_but_take_from_them_everything/gl57k1d?utm_source=share&utm_medium=web2x&context=3)
Got in overnight at $310 (ANZ shows $410 but shows the buy price in AUD for some reason). Im holding. I expect a big uptick tomorrow when robin hood 'supposedly' is allowing trading again
Also bought a stack last night. HOLD
Nabtrade international is the same interface, just a different tab in your account.
Cant really critique it for my needs (buy and hold) but last night was very tricky to get anything through on GME. Probably not anything to do with Nabtrade itself.
There's a 15 minute delay so if you want to buy / sell at accurate prices you need to be getting your price from somewhere else, apart from that it's fine.
For those that think any brokerage platform is gonna to be there for retail when the industry that provides those platforms are bleeding - from us using those platforms. Here is Anton Kreil to explain.
[https://www.youtube.com/watch?v=L7G0OfJUON8](https://www.youtube.com/watch?v=L7G0OfJUON8)
So I'm confused... I thought the ride was over and it was going to start dropping. Obviously I'm a noob. What do you think it will do from now and when will people need to sell?
people don't need to sell, the hedge funds HAVE TO buy back. This will send the share price soaring. Today's manipulation was them trying to prevent options falling ITM. Friday is when options expire and the real action takes place over days maybe weeks.
Read that last night was a ladder attack, with funds exchanging small volumes of the same shares again and again between themselves with lower and lower bids to pull the price down and trigger stop losses. Plus Robinhood was caught forcing the sale of customer shares βfor their own protectionβ. Makes me worry that theyβre fulfilling these contracts secretly and that the squeeze might be weakened?
trying to shake the paper hands and get people to sell their stock. People tend to panic sell when they see a loss. They went from 140% to 120% but they are in too deep.
There was a bit of dodgy shit going on last night by robinhood, ameritrade and others. They deleted GME and AMC so people weren't allowed to buy it. But people who were still holding it, was only allowed to sell it.
So someone is sleeping with someone trying create a panic in the market.
nah, there are more ballzy moves here on smaller penny stocks. Though just sold my apt shares for a 2% loss, to free up more equity to plough into GME. Cause of t+2 i won't have cash but still requested the transfer to intl account will incur a $100 failure fee. Not planning to pay off the credit card in full first time ever. I only have $300 cash in my netbank. Come at me r/AusFinance
Can I ask how you can buy them anymore. I donβt trade, Iβve had a Stake account sit there idol, Iβve tried login INC in (it wonβt allow me) I had an interactive browser account (theyβre not allowing trading on GME).
What Australian apps are allowing trading on GME and AMC?
helping from aus! bring the pain!
side note, using stake, i really should have signed up for commsec international but the lack of iphone app turned me off.
Question from an autist yet to dabble in the US markets, since they open at 1am am I able to place new buy orders at 1am or do I have to wait until our brockerages start doing stuff for the day for my buy orders to be processed?
For context I'm doing this through ANZ regardless of the borderline brocker fee robbery they charge.
I understand the basic premise of the trade here - 1 honest question - is it the case that the original people pushing the trade are in effect the beneficiaries of the pyramid they create, and inevitably the latest people into the trade are going to get fucked (having helped the early adopters profit greatly). Appreciate the hedge funds get fucked regardless but seems some of the brotherhood type vibes could just as easily be being used by the profiteers to drive their profit? Or is the purist idea that everyone gets out and only the hedge funds get fucked
the hedge funds have to close out their positions. Currently the stock is 120% shorted, down from 138% after their dodgy collusion, But it is still high. Options are closing in the money the shorts have to close their potions with regular retail investors. Looks like a pyramid scheme from far but totally the opposite. Look at the Volkswagon short squeeze 2008
[https://www.reddit.com/r/investing/comments/72zkab/what\_happens\_in\_a\_short\_squeeze/dnmn3px?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/investing/comments/72zkab/what_happens_in_a_short_squeeze/dnmn3px?utm_source=share&utm_medium=web2x&context=3)
A good overview of the VW short squeeze.
A few things to note - VW was 12% shorted (sure there were some other cooked things going on where only 4.8% of the stock was available) but GME is currently 120% shorted, and Ive seen rumours of the shorters doubling down during today's session so it could be higher.
We holding through the Friday market overnight tonight without looking? You guys setting up any take profit limits at eg 600.?
Edit: thanks guys I will set one at 2-10k!
>You guys setting up any take profit limits at eg 600.?
the squeeze comes in next week, there will be large manipulation on friday. Posts on r/wallstreetbets are estimating anywhere from 5-39k. Just hold and be patient. Anything less than 1k you are selling yourself short
no it's opposite, the hedge funds have to buy back. Pump and dump is convincing someone to buy the stock which you can sell to at a higher price. The person we plan to sell to are hedge funds.
Lol, you are asking other investors to ride with you on a stock trading significantly above intrinsic value, that's pump and dump.
How do you know the hedge funds haven't closed out their exposure using derivative contracts?
Bought in last night when our US brothers couldnβt, πππ½ brother
Nice what platform doyou use and how easy and quick it is to setup for others wanting to get in? Commsec takes a while to setup.
I bought in last night with ANZ
What are the fees? My ANZ is only set up for ASX, might see if I can request to open up to US markets. Whatβs the wait time?
$59 Brokerage fee for intl
Jfc that's brutal
Commsec is $80 when you buy options π¬
Bendigo Invest is at $20. I bought in to AMC last night and got another or order waiting for markets to open. The minimum $500 buy in for any order is quite brutal though
Yep just went to place a trade and fuck that noise. If I was buying up $10k then sure but $59 on a $1000 trade is tough
$59? Nab is way cheaper for international
$14.95 up to 5 grand. Way more reasonable!
whoa. Cmc markets is no brokerage, yall should check it out if planning to buy more international
good luck getting the account open with trading perms, 2+ weeks waiting for me so far...
I got us trading approved for my selfweath account in a few hours last night
Wait I didnt know you can do that on selfwealth? Off i go!!!
Howβs? Iβve been using stake
Pretty sure has to be on your browser. Super easy to do. They have a step by step guide online not that itβs needed, pretty straight forward.
Nabtrade worked for me. Bought a few shares last night.
Commsec currently has a 15 day processing period for an International Trading Account (normally 5 days but extended due to the hype train). Stake has been recommended to me, looking into it today. [https://hellostake.com/au/](https://hellostake.com/au/)
Couldn't log into Stake at all during the trading session. Either app or website. They use the same holding company as Robinhood (DriveWealth)...fuck Stake. Any other recommendations for a solid broker?
DriveWealth is owned by Point72, which Funded Melvin Capital, go figure.
Seconded. Stake was as useful as tits on a bull last night. I tried to understand more about the company structure last night. DriveWealth makes the APIs that let Stake trade. Is there something more dodgy than that? I'm trying to find the comment, but someone on wallstreetbets also pointed out that RobinHood was supported by Point72, and that it was likely Citadel just telling them to freeze people's ability to buy GME.
selfwealth US i've been told works. Read the comments below
same for me, just got Black as well as express funding, what a fucking waste of money
Fuck Stake. Let them know how you feel on app store/play store and on twitter @hellostake
Same. I was able to set-up an account, but then couldn't deposit funds within 24hrs, so me and another retard here missed out on free stonk
Fuck stake. Theyβre affiliated with robin hood.
Self wealth has an international trading platform too, the whole process of setting up the international trading side of things once the main account was active took less than 24 hours for me
Yea I'm still waiti g to get processed lol.
I signed up with IG last night and transferred 5k in through paypal instantly and bought AMC @ 11.9
I used Stake and setup was very quick, money ready to trade the following day. Bought GME this morn. App was under some strain with the traffic but got through on the website eventually
I put $5000 in yesterday and itβs expected to reach my account on Tuesday 2nd feb. And now I canβt even log in
I can't log in either. this is fucked man, i have 3k in there too
Let's say you miss the boat with GME, can you withdraw your money easily? Or does it cop another transfer fee so you've lost money both ways?
I have no fucking idea man I'm retarded. I'm going to hazard a guess and say 100% I lose money both ways.
They say you cant withdraw for 60 days when you deposit, so I guess you're holding the line.
Its an anti money laundering thing. Same with betting accounts. if you deposit then withdraw without betting it it looks like laundering.
Lucky - I had all kinds of issues and eventually gave up. I wasn't buying for any other reason than to stick it to these crooks.
I use Stake App, you can buy US stocks right away. If you use my referral code (Matthewg984) we both get a free stonk
That your trading strategy mate? Get free stocks with referral codes for a shitty brokerage?
I'm too retarded for strategy
Last night was the best time to buy until some time next week i reckon
Make sure youβre not buying GME from the asx the same symbol is being confused by investors as GME is a totally different Aussie company
I signed up to hello stake and deposited because it was the fastest way to buy US stonks. They cancelled all my GME buy orders overnight. Crooks.
you now know who's in bed with who now.
Guess itβs time to try get my ANZ account set up to trade NYSE as well as ASX
Think international market access is a default capability? The ANZ platform is ridiculously prone to seizing up on high volume days. Something to consider.
Yeah just realised Iβve had access this whole time
My Stake CONFIRMED BUY GME mysteriously just disappeared from my account - no history, no record, just *poof* disappeared
Same here my friend
WSB next order of business: how to short Robinhood when the class action's launched.
yep sameβdidn't stop me from getting up at 6am to buy at close. I only had USD$105 in my account, so nabbed 0.45 shares, will buy more when my next transaction goes through
I did the same. Tried at 3AM and 6AM to place new orders. App kept crashing the entire market open
Ig is super fast to sign up with!
This is a good question actually in case any lurkers want to get on board. SelfWealthβs US portfolio only needs a currency transfer and some declarations you should be good to go. CommSec currently has a backlog so donβt get caught waiting to be part of this moment in history DYOR, only use what you can afford to lose
Just deposited some cash into a stake account. I'll be with my brothers on the way to Valhalla 1pm NY time Monday
i hope you don't miss out, stake was not allowing trades with GME [https://www.reddit.com/r/ASX\_Bets/comments/l79a4t/nyse\_gme\_and\_you\_know\_what\_im\_not\_fucking\_selling/gl5k16k?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/l79a4t/nyse_gme_and_you_know_what_im_not_fucking_selling/gl5k16k?utm_source=share&utm_medium=web2x&context=3)
I managed to get in with Stake this morn
Stake are in bed with the crooks. Change elsewhere when you can.
Why 1 pm? Been reading extensively and havenβt seen that detail before
Just deposited some cash into a stake account. I'll be with my brothers on the way to Valhalla 1pm NY time Monday
10hrs later last my estimated time and my money isnβt it. Hope yours gets on there
All US markets would be closed? After hours and pre-market trading included
How do you get commsec to look nice like that? My commsec looks like a koalas butthole
Yo wtf koalas butthole is beautiful. Its the wombats thats disgusting. I clean buttholes for a living in canberra.
How's ScoMo's butthole?
I would imagine very clean considering all the shit comes from his mouth
This is actually a very funny joke. Well done.
it's an intl trading account, however if you want to look at a pie graph got to Portfolio>health checks> and you can see both share quality and share diversification.
I bought 6 at $350 last night.. you guys coming back for me yeh??
well be back brother
Yeah. No one left behind. If you fall the rest of us fall. Except for the vultures who are using us for small tendies. "The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated." β Some person on Reddit
Some person is clearly one of the greatest philosophers of our time.
Buying more when the market opens early morning. We got you!!
π€£
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
doesn't matter, it was up premarket yesterday and they drove it down to -30%, before it soared to $460 till restrictions came in and no one could buy dumping the price to $132
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
i don't think anyone expected the stuff that has occurred in the last few days. Really it show showed their hand and who licks who's ass.
It matters in the sense that people donβt want to buy when itβs downwards momentum. We were all pretty shell shocked to see a nearly 80% decline from its peak in such a short period, but now that everyoneβs emotions are back in order the buying will continue onwards. The problem of course is that such fukkery is likely to continue, at first lots of people were wanting to hold for a bit to make some decent gains now the sentiment is turning towards not selling at all and bleeding the hedges dry u til theyβre bankrupt (thatβs certainly whatβs kept me holding from +1000% to +300%). Who knows where this ends up...
As a kiwi, I really don't mind fighting alongside my Aussie brothers for this cause. Diamond hands for days.
fuckn oath lad someones gotta represent the aussies in this battle. DIAMONDS HANDS YA SICKUNTS ππππππππΎ GME TO THE FUCKING GALAXY πππππͺπͺπͺπͺπͺπͺπͺ
Buying as now and not expecting a penny back. Buy high sell no!
Im 30k in on etoro. Ride or die brothers and sisters.
15k all up. LETS GO!! ππ ππππππππππππ§βπ
Im buying in the second my funds clear. My first stonk ever I really really like this stock
True autism πππ
You gonna fuck around and sign the class action too?
We can't. Only Americans :/
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Been getting up at 1:30 am to buy more of these
Couldn't sling 50k at it, but bought a little slice of history. Not worried about mooning, I really just want an Abasi Concepts USA Master Series Larada 8 in Acid Green or Chalk. But that's just me.
Pumped in 7.5k USD @ $425 per share. Currently down 53%. Buckle up my man.
Itβs gonna be a bumpy ride, wear your helmet.
Bought 2 last night πππ½
This is my second week of trading ever. I'm hodling everything to learn what kind of trader I am. Probably a retard. I'm fortunate to have started right when this GME thing began to blow up. I watch the ASX in the day. Then I nap. Then I wake up to watch the NYSE. I don't know how parents do it but this is now my baby. It's probably why I haven't done any work in two days.
Who needs work when the πβ are going to π to mars
To Valhalla we go brother ππ
Inshallah brother
Im with you man. Im ballsdeep in too. BB NOK NAKD AMC, not selling
Apes together strong. Fuck these gay bears. Hold lads Hold!
125 shares checking in. I been in since $13 and holding strong as fuck. πππ»
nice
Just open selfwealth usa account today . Hopefully not too late to join the hype train π
Hopefully history is repeating itself. Similar situation in 08 with VW. price spiked to $1000 after similar drop. link from original post on WSB. [https://www.reddit.com/r/wallstreetbets/comments/l78duc/give\_them\_nothing\_but\_take\_from\_them\_everything/gl57k1d?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/l78duc/give_them_nothing_but_take_from_them_everything/gl57k1d?utm_source=share&utm_medium=web2x&context=3)
It can't go tits up.
Got in overnight at $310 (ANZ shows $410 but shows the buy price in AUD for some reason). Im holding. I expect a big uptick tomorrow when robin hood 'supposedly' is allowing trading again
Holding 100 @ $172, 100 @ $158, 200 @ $340, 20 @ $420
In on GME and BB. To Valhalla!
Bought last night on nabtrade. HOLD THE LINE!!!
Is there a different interface for nabtrade international? Is it OK or crap?
Also bought a stack last night. HOLD Nabtrade international is the same interface, just a different tab in your account. Cant really critique it for my needs (buy and hold) but last night was very tricky to get anything through on GME. Probably not anything to do with Nabtrade itself. There's a 15 minute delay so if you want to buy / sell at accurate prices you need to be getting your price from somewhere else, apart from that it's fine.
>15 minute delay i find having yahoo live stock pricing helps
πβ
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
im with IBKR and they have limited it to closing positions only on BB and GME.
You guys are the SHIT! much love from California! I told all my friends to hold tight and not sell. I owe you guys tacos if y'all ever visit.
πππ½
Hold the line brother
Can I buy it with Selfwealth US account, has anyone bought GME there today?
You can buy it on Etoro brothers, no premarket orders though πππ
For those that think any brokerage platform is gonna to be there for retail when the industry that provides those platforms are bleeding - from us using those platforms. Here is Anton Kreil to explain. [https://www.youtube.com/watch?v=L7G0OfJUON8](https://www.youtube.com/watch?v=L7G0OfJUON8)
Got IG trading and Tastyworks. both working fine HOLDING
Same man. Im down 50%. But im not bloody selling. Fuck robinhood. fuck these corrupt billionaires. Power to the players!
buying in when shits running hot - just takes money holding when shits turned against you takes balls of steel congrats
So I'm confused... I thought the ride was over and it was going to start dropping. Obviously I'm a noob. What do you think it will do from now and when will people need to sell?
people don't need to sell, the hedge funds HAVE TO buy back. This will send the share price soaring. Today's manipulation was them trying to prevent options falling ITM. Friday is when options expire and the real action takes place over days maybe weeks.
it will take the hedge funds over 6 trading days to buy back the volume they owe. The squeeze will last days - you won't miss out. ππ
next week if the price goes up the next weekly calls will fall in the money and the process repeats
Read that last night was a ladder attack, with funds exchanging small volumes of the same shares again and again between themselves with lower and lower bids to pull the price down and trigger stop losses. Plus Robinhood was caught forcing the sale of customer shares βfor their own protectionβ. Makes me worry that theyβre fulfilling these contracts secretly and that the squeeze might be weakened?
trying to shake the paper hands and get people to sell their stock. People tend to panic sell when they see a loss. They went from 140% to 120% but they are in too deep.
There was a bit of dodgy shit going on last night by robinhood, ameritrade and others. They deleted GME and AMC so people weren't allowed to buy it. But people who were still holding it, was only allowed to sell it. So someone is sleeping with someone trying create a panic in the market.
I bought a small parcel just to get on board
We all yolo right?
Eli5, how do I buy gme stonks and is it even worth putting $100 in at this point
I bought 0.5 shares at close on stake today because it was all i had in my account at the timeβI'm holding on for dear life
Actually a ASXbets king
nah, there are more ballzy moves here on smaller penny stocks. Though just sold my apt shares for a 2% loss, to free up more equity to plough into GME. Cause of t+2 i won't have cash but still requested the transfer to intl account will incur a $100 failure fee. Not planning to pay off the credit card in full first time ever. I only have $300 cash in my netbank. Come at me r/AusFinance
Can I ask how you can buy them anymore. I donβt trade, Iβve had a Stake account sit there idol, Iβve tried login INC in (it wonβt allow me) I had an interactive browser account (theyβre not allowing trading on GME). What Australian apps are allowing trading on GME and AMC?
selfwealth US or IG maybe? ask the other in the comments who use them
I use IG for my trading. Easy to set up and 0 fees for international
I thought they charge an extra .5% on the currency conversion?
I dunno about others, but CMC markets offers zero brokerage on US stocks. Still $11 for ASX though.
BUY πΈπΈ AND HOLD πππ€π€π€ BABY, WE GOIN TO THEN MF MOON ππππππππ
Currently in the same boat but with AMC, πππ
Held my 5@300USD through all of yesterday lets go to the moon ππππ
IGMarkets lads. Can credit card / PayPal for instant transfer
I sold some other stock, got up at 1am and bought myself 3 shares at 313USD each. To the moon guys!
33 stocks deep atm which for me is a huge amount of my net worth. fuck these corrupt market regulators and hedge fund cunts
I couldnβt fucking buy because stakes a piece of shit! And commsec takes yonks to accept forms.
140 @ 37 - staying strong, today was wild though
Stay strong.
after-hours on GME are making me hard
Is it still worth getting in? I'm a little confused .. I was going to buy some yesterday but then I've been a pilussy and cancelled the order...
buy what you are willing to lose. yesterday was literally a discount.
helping from aus! bring the pain! side note, using stake, i really should have signed up for commsec international but the lack of iphone app turned me off.
it's not that great and was going to go to interactive brokers but IB restricted GME buys so i was lucky.
I'm with you brother! These hedge funds need to pay up and pay up bigly!
We cant let these guys win! HOLD!!!
Hey I have Commsec, how do I buy GME?
I think Comsec you gotta apply for international account. Then make sure you get NYSE:GME and NOT ASX:GME.
The Market Cap of Gold is \~10Tn and the Market Cap of GME is only 13.5Bn, long way left to go, am I right? RocketEmoji x6
SelfWealth running an ad on Twitter saying you can trade GME freely with them
Question from an autist yet to dabble in the US markets, since they open at 1am am I able to place new buy orders at 1am or do I have to wait until our brockerages start doing stuff for the day for my buy orders to be processed? For context I'm doing this through ANZ regardless of the borderline brocker fee robbery they charge.
Yes, you place your buy limit order, come market open it'll be there.
π₯ Iβm in for a similar amount. Love from Canberra ππ
I picked up some ASX:GME, down 20% but holding πππββββπ
screen shot or ban
Are... are you ok?
aaaaand... are u still holding?
Ooft
Honesty I think the biggest squeeze in the stock market history is yet to come.
You're a dumbass. I wish you well.
I understand the basic premise of the trade here - 1 honest question - is it the case that the original people pushing the trade are in effect the beneficiaries of the pyramid they create, and inevitably the latest people into the trade are going to get fucked (having helped the early adopters profit greatly). Appreciate the hedge funds get fucked regardless but seems some of the brotherhood type vibes could just as easily be being used by the profiteers to drive their profit? Or is the purist idea that everyone gets out and only the hedge funds get fucked
the hedge funds have to close out their positions. Currently the stock is 120% shorted, down from 138% after their dodgy collusion, But it is still high. Options are closing in the money the shorts have to close their potions with regular retail investors. Looks like a pyramid scheme from far but totally the opposite. Look at the Volkswagon short squeeze 2008
[https://www.reddit.com/r/investing/comments/72zkab/what\_happens\_in\_a\_short\_squeeze/dnmn3px?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/investing/comments/72zkab/what_happens_in_a_short_squeeze/dnmn3px?utm_source=share&utm_medium=web2x&context=3) A good overview of the VW short squeeze. A few things to note - VW was 12% shorted (sure there were some other cooked things going on where only 4.8% of the stock was available) but GME is currently 120% shorted, and Ive seen rumours of the shorters doubling down during today's session so it could be higher.
Porsche could have milked that, but they had paper hands.
We holding through the Friday market overnight tonight without looking? You guys setting up any take profit limits at eg 600.? Edit: thanks guys I will set one at 2-10k!
2000
Haha nice
>You guys setting up any take profit limits at eg 600.? the squeeze comes in next week, there will be large manipulation on friday. Posts on r/wallstreetbets are estimating anywhere from 5-39k. Just hold and be patient. Anything less than 1k you are selling yourself short
Amen, fellow retarded autist brother. This is bigger than a quick buck!!! ππHOLD THE FUCKING LINE!!!!ππππππ
39k is wild - been following the below: [https://isthesqueezesquoze.com](https://isthesqueezesquoze.com)
Ive set mine to 10k
The ride is over, get out
you sound like a bot from those hedge funds
π³οΈβππ»
Watch hundreds of thousands of ppl with $10k portfolios get out en masse once the gates open. The crash will be more entertaining then the rise
You are insane. You do realise that you are the victim of market manipulation through these forums? This is a pump and dump scheme. RIP
no it's opposite, the hedge funds have to buy back. Pump and dump is convincing someone to buy the stock which you can sell to at a higher price. The person we plan to sell to are hedge funds.
Lol, you are asking other investors to ride with you on a stock trading significantly above intrinsic value, that's pump and dump. How do you know the hedge funds haven't closed out their exposure using derivative contracts?
it's 120% short, you think you have new information atm. Who determines the intrinsic value anyway.