GME and AMC stock action (out of main)

[Artful Dodger]

People are posting that are not able to close their GME positions

Which Broker is this?

How do you sell you shares if nobody is allowed to buy shares?

This is a MAJOR LAWSUIT! Fakking incredible abuse of position. GME down over $200/sh since this event.

Outrageous abuse.

 

[bkp_duke]

It seems that E-trade locked GME as well..... crazy I might have to sell all my AMC before open and try to close my options at open. If they cannot pump it I assume the stock is screwed.

I can still trade these on Fidelity and Schwab . . . for now.

 

[bro1999]

Which Broker is this?

How do you sell you shares if nobody is allowed to buy shares?

The hedge fund managers can still buy shares. So basically they are being given free reign to manipulate the price of GME/AMC/BB, etc...
Total BS.

 

[Boomer19]

Which Broker is this?

How do you sell you shares if nobody is allowed to buy shares?

This is a MAJOR LAWSUIT! Fakking incredible abuse of position. GME down over $200/sh since this event.

Outrageous abuse.

word is many brokers are putting these securities in "closing only" status, meaning you can only do a closing trade, not open a new position...unclear if this applies to just the stock or also the derivatives

 

[Artful Dodger]

word is many brokers are putting these securities in "closing only" status, meaning you can only do a closing trade, not open a new position...unclear if this applies to just the stock or also the derivatives

Cue the "no such thing as a conspiracy" guy...

Market Makers obviously acting in a coordinated way.

Who's pulling the strings? (which we will never be allowed to know)

Fakking EXPOSED!

 

[juanmedina]

Which Broker is this?

How do you sell you shares if nobody is allowed to buy shares?

This is a MAJOR LAWSUIT! Fakking incredible abuse of position. GME down over $200/sh since this event.

Outrageous abuse.

Robinhood

 

[JRP3]

AMC down 30% in pre at the moment GME down 10%. Shorties back in control for now.

 

[corduroy]

AMC down 30% in pre at the moment GME down 10%. Shorties back in control for now.

The empire strikes back.

 

[Boomer19]

Cue the "no such thing as a conspiracy" guy...

Market Makers obviously acting in a coordinated way.

Who's pulling the strings? (which we will never be allowed to know)

Fakking EXPOSED!

i know
this echoes back to what i was saying yesterday. with no central oversight or guidance from a central organization that understands the interests of all the market participants involved (retail, funds, HFTs, MMs, Brokers, Exchanges and clearing houses) then those participants are left in the wind, reacting only in their own interest. in that scenario the common trader likely gets burned, as he/she is the bottom wrung of ladder, while the big guys can still execute with dark pool and liquidity provider arrangements with counterparties (maybe they take a beating on execution, but its better than no execution) - for the 3rd time im asking...where is the SEC?

gamestop went to $500 and as low as $257 premarket - but all is normal, right?

 

[bkp_duke]

The empire strikes back.

Oh, THAT story . . . well, we know how this ends.

/me grabs popcorn

 

[elasalle]

I mean, I know we all hate shorts, but on the whole I'm not sure this is a good development. If a Reddit forum can throw a major axe into Wall Street, unpredictably and almost whenever and wherever they like, that's a big destabilizing influence. Just exactly what the market doesn't want. It's hard to get too worked about about some shorties with their pants on fire, but when Gamestop goes back from $450 to $40 it isn't the shorties who are going to be holding the bag.

I'm starting to feel like this was all fun and games... until suddenly it wasn't.

https://twitter.com/SquawkCNBC/status/1354786807318196225

Contagion. I was thinking along the same lines. MM need to liquidate other names to cover their asses in GME. + Obviously things very fluid, and GME is now Red as well.

 

[canoemore]

Oh, THAT story . . . well, we know how this ends.

/me grabs popcorn

Lol. With a hoard of rabid Ewoks swarming over panicked imperial troopers. Love the image.

 

[bkp_duke]

@#$% like this is only going to re-enforce the ranks of the WSBers.

The hedgies may win the battle today, but they just entered into a long-term war with actions like this.

 

[elasalle]

Robinhood, Interactive Brokers restrict trading in GameStop stock and options

 

[bkp_duke]

From RH's blog page.

 

[Cosmacelf]

I mean, I know we all hate shorts, but on the whole I'm not sure this is a good development. If a Reddit forum can throw a major axe into Wall Street, unpredictably and almost whenever and wherever they like, that's a big destabilizing influence. Just exactly what the market doesn't want. It's hard to get too worked about about some shorties with their pants on fire, but when Gamestop goes back from $450 to $40 it isn't the shorties who are going to be holding the bag.

I'm starting to feel like this was all fun and games... until suddenly it wasn't.

You're kidding right? Hedge funds have been moving markets for years. When retail investors do it, now it is a problem? As far as the average guy losing money goes, most of them are doing this for the lutz. Everyone can gauge their own risk level.

I gotta say though, this crap about RH not allowing trades is horrible. Lawsuit city...

 

[Boomer19]

Robinhood, Interactive Brokers restrict trading in GameStop stock and options

IB basically reiterating what ive been saying

"We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only"

...meaning, we have to do something to protect ourselves because nobody else is paying attention to the situation...we are trying not to be the ones getting pantsed here

and now GME halted...exchanges working on behalf of the market makers right now, allowing them to tweak quoting tools

however...im able to see options quotes using IB account...so im not sure theyve restricted them completely

 

[winfield100]

You're kidding right? Hedge funds have been moving markets for years. When retail investors do it, now it is a problem? As far as the average guy losing money goes, most of them are doing this for the lutz. Everyone can gauge their own risk level.

I gotta say though, this crap about RH not allowing trades is horrible. Lawsuit city...

Schwab just started (unhalted) trading in GME and AMC at about 9:37am EST
edit:
AMC halted at 9:39am
and GME

 

[Silentk]

Thoughts on closing my AMC position? If they can't trade it can only go downhill - correct? Or will they be forced to reopen trading?

 

[juanmedina]

Schwab just started (unhalted) trading in GME and AMC at about 9:37am EST
edit:
AMC halted at 9:39am
and GME

AMC bounced back. Somehow they are buying and I am holding lol