GameSTONKS Thread - Power to the meme's

[Zetanio]

In all seriousness, can a hedge fund just declare bankruptcy or anything? Trying to gauge what the worst-case scenario could be.

Not knowing how this works and investing any serious money in the stock market is part of the problem.

The answer is that whoever carries their book (Prime brokerage) will have to cover any outstanding shares in the event they are unable to make a margin call or become insolvent.

[BerenTebogo]

Well, yeah, can't apply logic to crypto lol.

I'm just saying, it's at its peak. Will it go higher some more? Maybe, who the fuck knows. But if you buy, do know you're buying when it's high.

ETC "pumped" like 30-40% as well. One of the other cheaper coins on RH.

I think we see some profit cycling post-GME nonsense. I think a lot goes to crypto now that everyone has seen what wall street will do when normies try to make money. Can't do that in crypto. And if they try, can just get on a VPN and trade on a foreign exchange and embezzle your funds like a real rich person.

[Cyn]

Damn, I came here to post the Ted Cruz tweet. 2021 is less than a month old, but here we are.

[Zetanio]

That shows why brokerage firms are cutting back on meme stocks. They have risk management of their books to worry about.

These hilarious lawsuits have zero standing.

[Jamison]

Not knowing how this works and investing any serious money in the stock market is part of the problem.

The answer is that whoever carries their book (Prime brokerage) will have to cover any outstanding shares in the event they are unable to make a margin call or become insolvent.

Thank you. I have been trying to learn all I can during this but couldn't find anything on that specifically. Not new to investing and I don't have obscene amounts in GME, just trying to understand and learn what all is going on.

[Boyiee]

That shows why brokerage firms are cutting back on meme stocks. They have risk management of their books to worry about.

These hilarious lawsuits have zero standing.

And honestly if one made it through, so Robin Hood gets fined? If you've looked at all the SEC fines over the years not only is Robin Hood going to be able to just toss a penny at the jar but they're backed by citadel. Oh boy they fined us 500 million, We made $6 billion off pulling the stocks off our app lol.

[Tyrath]

And honestly if one made it through, so Robin Hood gets fined? If you've looked at all the SEC fines over the years not only is Robin Hood going to be able to just toss a penny at the jar but they're backed by citadel. Oh boy they fined us 500 million, We made $6 billion off pulling the stocks off our app lol.

That's why it should be straight to the gallows imo

[zoobernut]

Not knowing how this works and investing any serious money in the stock market is part of the problem.

The answer is that whoever carries their book (Prime brokerage) will have to cover any outstanding shares in the event they are unable to make a margin call or become insolvent.

Yep... I learned this from Trading Places!

[Zetanio]

That's why it should be straight to the gallows imo

why? because people don't read the TOS or understand how brokerage works?

i think we should shoot all the hedge fund dildos. god i hate em

[Zetanio]

Yep... I learned this from Trading Places!

Looking good, Billy Ray!

[Tyrath]

why? because people don't read the TOS or understand how brokerage works?

i think we should shoot all the hedge fund dildos. god i hate em

I didn't think I'd have to explain that I was joking after using the term gallows

[Salodin]

Knowing the cards are stacked against you from the getgo doesn't make me want to slash all their tires any less

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[Cantih]

Real talk, when Ksan asked yesterday for an ELI5, I was torn between linking to a post, or a youtube clip of Trading Places.

[Zetanio]

Real talk, when Ksan asked yesterday for an ELI5, I was torn between linking to a post, or a youtube clip of Trading Places.

It's hilariously accurate.

[Zealot]

I ended up buying all my AMC back for a little less than where I cashed out, in the green on it again now.

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[Zetanio]

Totally unrelated but I leased a Tacoma in December and used a broker to get a fuckin ridiculous deal. $400 a month for a TRD Off-Road with all the options.

Everyone should be driving Tacomas. Best truck ever.

[Cantih]

The question is if it's a dead cat bounce.

[Boyiee]

Totally unrelated but I leased a Tacoma in December and used a broker to get a fuckin ridiculous deal. $400 a month for a TRD Off-Road with all the options.

Everyone should be driving Tacomas. Best truck ever.

We may have just become best friends. I'm a big lease hacker supporter, I post there all the time I tell all my friends let me help you lease. My buddy just got a brand new tundra for like nothing. I got a brand new Atlas for like nothing. I want to get a Tacoma just to beat it up. And I want that electric vehicle for $90 a month or $5,000 one pay.

[Boyiee]

Also can I tell you guys how strange this feels after the last 3 months being down 85% and then up I don't know 50,000%?

[Zetanio]

We may have just become best friends. I'm a big lease hacker supporter, I post there all the time I tell all my friends let me help you lease. My buddy just got a brand new tundra for like nothing. I got a brand new Atlas for like nothing. I want to get a Tacoma just to beat it up. And I want that electric vehicle for $90 a month or $5,000 one pay.

Ya, the Bolt one-pay thing is sick. We're looking for a solid EV or hybrid once our old hoopty kicks it. The LH forums saved me like 10k. Our local Toyota dealer quoted me like... 720 bucks or some crazy shit for a similar truck on 36/12. I can't wait to go to them for service.