Would you please explain to this noob what "demand 100% margin for buying/selling" is? Thanks!
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GME and AMC stock action (out of main)
- Thread starter Electroman
- Start date
I'm in for 100 as I want to see some shorts burn
I'll kick in more if it starts to head down
Have you considered my investment thesis of 13 rocket emojis?
Not letting people leverage up.
Wow, this is fascinating and so hard to believe. I think something like this should be illegal but it is not according to you. In another words, Elon's shares could have been use to short on his own company, sounds so ***** up.
Artful Dodger
"Neko no me"
Over half a billion shares of $AMC traded so far today: 
SP now climbed back over $13
Volume: 527,532,015 (3:12 pm ET)
SP now climbed back over $13
$13.70 @ 3:14 pm
Artful Dodger
"Neko no me"
"Last Great Act of Defiance"
If you lived thru the '70s, you prolly had this t-shirt.
Cheers!
If you lived thru the '70s, you prolly had this t-shirt.
Cheers!
The list of restricted stocks on Robinhood is astonishing.
For those who aren’t familiar, Robinhood is only letting folks buy 1 share of GME. That’s one share TOTAL for the account, not per transaction. If you already have >= one share, you can’t buy another.
They're trying to keep GME below $320. Last half hour should be entertaining!
Just bought 10 more GME and it is so fun to watch shorts burn.
Really want to see it close >320
It basically means cash up front. ie. if you want to buy $1000 of GME, you would have to have $1000 cash in the account and as soon as the shares are bought, the broker would take out that $1000. Normally, all accounts are margin accounts, so when you buy $1000 of GME, the broker doesn't take out $1000 for two days. In the meantime, they've effectively lent you $1000 to dick around with for two days.
pz1975
Active Member
I closed my GME position yesterday for great profit. I have continued following this closely and keeping up with WSB and I have now rebought half of my position back due to FOMO. Maybe I'm crazy but I think this story isn't over with shorts still at 120% or so.
Yes, and very much legal. A broker friend of mine, when he worked at a big wall street firm told me he once got called by his trading desk asking if he could put his client's founder stock into a margin account so that the trading desk could borrow those shares for a short position. The broker refused since the founder was also the CEO of the now public company, but the trading desk tried hard to convince him to do it to help out the firm. Lesser mortals would have caved and most founders don't realize this wrinkle. That's one of the main reasons why I don't have my shares in a big wall street firm like GS, UBS, MS, etc.
Runarbt
Active Member
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