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JFR wrote:I have mixed feelings about the GME et al market games.

I do like to see fair play between the giants and the retailers. Good luck with that.

But it seems to me the retailers in this case were kind of out for a revenge of sorts, to stick it to the hedge funds that were short GME. That is kind of dumb. Try to make money, not try to get a kind of revenge. And then the retailers put their own money at risk, when RobinHood, facing a liquidity issue, restricted orders. D'oh.

I like the fact that RobinHood has made the markets more accessible to retail. But young retailers have some growing pains to undertake, if they want to have some long term success in playing the markets. They pumped up the stock, like a pump and dump, so they were acting in just as bad faith as some hedge funds.

Just imo. Not up in arms. Just observing.

There are many sides to the issue.

BullBear52x wrote: At current price it's bag holder valuation for GME without calculator.

BullBear52x wrote:

JFR wrote:I have mixed feelings about the GME et al market games.

I do like to see fair play between the giants and the retailers. Good luck with that.

But it seems to me the retailers in this case were kind of out for a revenge of sorts, to stick it to the hedge funds that were short GME. That is kind of dumb. Try to make money, not try to get a kind of revenge. And then the retailers put their own money at risk, when RobinHood, facing a liquidity issue, restricted orders. D'oh.

I like the fact that RobinHood has made the markets more accessible to retail. But young retailers have some growing pains to undertake, if they want to have some long term success in playing the markets. They pumped up the stock, like a pump and dump, so they were acting in just as bad faith as some hedge funds.

Just imo. Not up in arms. Just observing.

There are many sides to the issue.

At current price it's bag holder valuation for GME without calculator.

JFR wrote:I have mixed feelings about the GME et al market games.

I do like to see fair play between the giants and the retailers. Good luck with that.

But it seems to me the retailers in this case were kind of out for a revenge of sorts, to stick it to the hedge funds that were short GME. That is kind of dumb. Try to make money, not try to get a kind of revenge. And then the retailers put their own money at risk, when RobinHood, facing a liquidity issue, restricted orders. D'oh.

I like the fact that RobinHood has made the markets more accessible to retail. But young retailers have some growing pains to undertake, if they want to have some long term success in playing the markets. They pumped up the stock, like a pump and dump, so they were acting in just as bad faith as some hedge funds.

Just imo. Not up in arms. Just observing.

There are many sides to the issue.

Cobra wrote:

JFR wrote:I have mixed feelings about the GME et al market games.

I do like to see fair play between the giants and the retailers. Good luck with that.

But it seems to me the retailers in this case were kind of out for a revenge of sorts, to stick it to the hedge funds that were short GME. That is kind of dumb. Try to make money, not try to get a kind of revenge. And then the retailers put their own money at risk, when RobinHood, facing a liquidity issue, restricted orders. D'oh.

I like the fact that RobinHood has made the markets more accessible to retail. But young retailers have some growing pains to undertake, if they want to have some long term success in playing the markets. They pumped up the stock, like a pump and dump, so they were acting in just as bad faith as some hedge funds.

Just imo. Not up in arms. Just observing.

There are many sides to the issue.

Well said!

Meanwhile, at least seven retail brokerage firms — including TD Ameritrade, Robinhood Crypto, E-Trade, Charles Schwab, Fidelity Investments, Vanguard and Interactive Brokers — experienced service disruptions Thursday morning, which many attributed to higher volume, although they did not specially cite the GameStop activity.

Merentino, 40, a carpenter in New Jersey, said he sold all of his other holdings and bought 16 shares of GameStop stock last week through Robinhood when he saw news the stock was trending. He said he joined the Reddit message board to keep up with the saga.

Thursday morning, Merentino said he watched the company’s stock drop in premarket trading and tried to buy more shares. He said Robinhood canceled the transaction and flashed the message, “Order to sell has been confirmed at $140 per share.” Merentino said he tried to hit cancel but the sale went through and he lost more than $2,000.

He said the app took the money from his bank account but won’t transfer the sale, so he’s stuck and can’t move to other brokerage firms. “I just got on this GameStop thing out of luck really, and now I got screwed,” he said. “I’m not an expert of Wall Street stuff, but I know if I walked down the street and took something out of somebody’s pocket, I know where I’d be.