The Brehs of Wall Street (Offical Stock Market Thread)
- Thread starter Breh the HitMang
- Start date
Gunz&Butta
All Star
Forget about the fast money, brehs. If you wanna be smiling 6-7 months from now, buy SBH now (sally beauty). Coli brehettes should naturally understand this one
You might not even have to wait 6 months before seeing profit.
Don't get burned chasing that AMC.
You might not even have to wait 6 months before seeing profit.
Don't get burned chasing that AMC.
HmmmForget about the fast money, brehs. If you wanna be smiling 6-7 months from now, buy SBH now (sally beauty). Coli brehettes should naturally understand this one
You might not even have to wait 6 months before seeing profit.
Don't get burned chasing that AMC.
The Fukin Prophecy
RIP Champ
headphone manufacturer..What is that???
ALonelyDad
Veteran
$ColiI have $1000 to invest...tell me what to do
Is it too late to get in on it?
"
UPDATE: GameStop and AMC trading now restricted by TD Ameritrade and Schwab
7:25 pm ET January 27, 2021 (MarketWatch) Print
By Mark DeCambre
Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of certain companies that has been attributed to rabid buying by individual investors inspired by social-media platforms.
On Wednesday, TD Ameritrade said it was restricting trading in GameStop(GME) and AMC Entertainment Holdings(AMC), along with other names, amid a triple-digit percentage surge in the price of those companies in recent days.
"In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities," a spokeswoman for TD Ameritrade told MarketWatch, referring to the ticker symbols of the companies. "We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
Charles Schwab, which bought TD Ameritrade but operates it as an independent retail brokerage, said that it has tightened margin requirements in some of those stocks, including GameStop.
A Schwab spokeswoman said that the platform changed its margin requirements, limiting how much an investor can borrow, on Jan. 13 and said it has placed "restrictions in place on certain transactions in GME and other securities."
The restrictive moves come as shares of videogame retailer GameStock have shot up 1,600% in January, as traders gathering in online chat forums have gone on to take large bets on the stock using options, often out-of-the-money calls that pay off only if the stock rises in value over a set period.
Traders on sites like Reddit's WallStreetBets, and using trading platforms including Robinhood (which in its initial conception was meant to be a social platform organized around the trading of stocks), have clashed with hedge-fund investors, sparking a battle between prominent Wall Street short sellers and individual investors in GameStop shares.
See:Your guide to the lingo on the Reddit forum fueling GameStop's rise and over half of working mothers say their job performance has slipped during the pandemic (Your guide to the lingo on the Reddit forum fueling GameStop’s rise and over half of working mothers say their job performance has slipped during the pandemic)
A Robinhood spokeswoman said that officials at the trading platform "continuously monitor the markets and adjust as we feel necessary for the benefit of our customers."
Robinhood said it also moved raised requirements for GameStop and AMC to 100%, emphasizing that Robinhood doesn't allow shorting of equities or allow customers to trade naked options.
However, the recent run-up in GameStop, and AMC Entertainment, has been spilling over into other areas of the market, with the likes of Bed Bath & Beyond (BBBY) and retailer Express Inc. (EXPR). rocketing on Wednesday.
Read: It isn't just GameStop: Here are some of the other heavily shorted stocks shooting higher (It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher)
News alert:Outsized stock-market movers: AMC, up 225%; Express, up 140%; GameStop, up 88% (MarketWatch.com)
Recent volatile trade has made some on Wall Street uneasy, with worries of a rapidly inflating bubble. The Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index were all trading lower on Wednesday.
Regulators have been mindful of the recent action, with William Galvin, Massachusetts's secretary of the commonwealth, telling Barron's in an exclusive statement on Tuesday (GameStop Trading Could Be ‘Systemically Wrong,’ State Regulator Says) that he was watching the action play out.
"This is certainly on my radar," Galvin said. "I'm concerned, because it suggests that there is something systemically wrong with the options trading on this stock."
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com "
UPDATE: GameStop and AMC trading now restricted by TD Ameritrade and Schwab
7:25 pm ET January 27, 2021 (MarketWatch) Print
By Mark DeCambre
Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of certain companies that has been attributed to rabid buying by individual investors inspired by social-media platforms.
On Wednesday, TD Ameritrade said it was restricting trading in GameStop(GME) and AMC Entertainment Holdings(AMC), along with other names, amid a triple-digit percentage surge in the price of those companies in recent days.
"In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC and other securities," a spokeswoman for TD Ameritrade told MarketWatch, referring to the ticker symbols of the companies. "We made these decisions out of an abundance of caution amid unprecedented market conditions and other factors."
Charles Schwab, which bought TD Ameritrade but operates it as an independent retail brokerage, said that it has tightened margin requirements in some of those stocks, including GameStop.
A Schwab spokeswoman said that the platform changed its margin requirements, limiting how much an investor can borrow, on Jan. 13 and said it has placed "restrictions in place on certain transactions in GME and other securities."
The restrictive moves come as shares of videogame retailer GameStock have shot up 1,600% in January, as traders gathering in online chat forums have gone on to take large bets on the stock using options, often out-of-the-money calls that pay off only if the stock rises in value over a set period.
Traders on sites like Reddit's WallStreetBets, and using trading platforms including Robinhood (which in its initial conception was meant to be a social platform organized around the trading of stocks), have clashed with hedge-fund investors, sparking a battle between prominent Wall Street short sellers and individual investors in GameStop shares.
See:Your guide to the lingo on the Reddit forum fueling GameStop's rise and over half of working mothers say their job performance has slipped during the pandemic (Your guide to the lingo on the Reddit forum fueling GameStop’s rise and over half of working mothers say their job performance has slipped during the pandemic)
A Robinhood spokeswoman said that officials at the trading platform "continuously monitor the markets and adjust as we feel necessary for the benefit of our customers."
Robinhood said it also moved raised requirements for GameStop and AMC to 100%, emphasizing that Robinhood doesn't allow shorting of equities or allow customers to trade naked options.
However, the recent run-up in GameStop, and AMC Entertainment, has been spilling over into other areas of the market, with the likes of Bed Bath & Beyond (BBBY) and retailer Express Inc. (EXPR). rocketing on Wednesday.
Read: It isn't just GameStop: Here are some of the other heavily shorted stocks shooting higher (It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher)
News alert:Outsized stock-market movers: AMC, up 225%; Express, up 140%; GameStop, up 88% (MarketWatch.com)
Recent volatile trade has made some on Wall Street uneasy, with worries of a rapidly inflating bubble. The Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index were all trading lower on Wednesday.
Regulators have been mindful of the recent action, with William Galvin, Massachusetts's secretary of the commonwealth, telling Barron's in an exclusive statement on Tuesday (GameStop Trading Could Be ‘Systemically Wrong,’ State Regulator Says) that he was watching the action play out.
"This is certainly on my radar," Galvin said. "I'm concerned, because it suggests that there is something systemically wrong with the options trading on this stock."
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com "
Im always late on these make money trends.
And that’s why I’m still eating hot pockets for dinner...
The region 219
Pro
Where should I be reading to keep up on this? Discord? I want to make a quick profit and get out tomorrow
my WSJ notifications are going crazy today 
the latest is 'War Has Broken Out On Wall Street'
GameStop Mania Reveals Power Shift on Wall Street—and the Pros Are Reeling
Internet-fueled amateurs, on platforms like Reddit and Discord, are piling into stocks, bragging about gains and banding together to intensify moves
Long-held strategies such as evaluating company fundamentals have gone out the window in favor of momentum. War has broken out between professionals losing billions and the individual investors jeering at them on social media. Meanwhile, the frenzy of activity is stirring regulatory and legal concerns, as well as the attention of the Biden administration. The White House press secretary said on Wednesday that its economic team, including Treasury Secretary Janet Yellen, is monitoring the situation.
The newbie investors are gathering on platforms such as Reddit, Discord, Facebook and Twitter. They are encouraging each other to pile into stocks, bragging about their gains and, at times, intentionally banding together to intensify losses among professional traders, who protest that social-media hordes are conspiring to move stock prices.
The mammoth gains have forced money managers to dump bets that the stocks would fall, magnifying the rally. Bearish investors who took short positions have lost $23.6 billion this year through the close of trading Wednesday on GameStop alone, according to financial analytics company S3 Partners, including $14.3 billion on Wednesday when the stock price jumped 135%, its largest percentage increase in history, to a record $347.51.
The mob-like mentality on WallStreetBets has some professional investors calling foul.
Mr. Burry, who drew some of the early attention to GameStop, on Tuesday posted in a now-deleted tweet: “If I put $GME on your radar, and you did well, I’m genuinely happy for you. However, what is going on now—there should be legal and regulatory repercussions. This is unnatural, insane, and dangerous.”
SEC staff is likely looking into the trading activity and messages on Reddit, said Brad Bennett, a former enforcement chief at the Financial Industry Regulatory Authority. Proving any type of fraud, such as market manipulation, would require showing that traders conveyed false or misleading information to goose the stock price, he said. An SEC spokesman declined to comment.
it is just folks whipping each other into a frenzy on the internet, it is hard to find a violation,” Mr. Bennett said. “But if you have people putting information out on a website, and these are stock pickers selling into the frenzy and they are not disclosing that, it can be fraud.”
Moderators on Reddit investing and trading forums have disputed in posts the notion that the forum manipulates markets, and in replies to users have said they are strict on enforcing group rules, which “relate to promotions and pump and dumps,” one moderator said in a forum this month.
the latest is 'War Has Broken Out On Wall Street'
GameStop Mania Reveals Power Shift on Wall Street—and the Pros Are Reeling
Internet-fueled amateurs, on platforms like Reddit and Discord, are piling into stocks, bragging about gains and banding together to intensify moves
Long-held strategies such as evaluating company fundamentals have gone out the window in favor of momentum. War has broken out between professionals losing billions and the individual investors jeering at them on social media. Meanwhile, the frenzy of activity is stirring regulatory and legal concerns, as well as the attention of the Biden administration. The White House press secretary said on Wednesday that its economic team, including Treasury Secretary Janet Yellen, is monitoring the situation.
The newbie investors are gathering on platforms such as Reddit, Discord, Facebook and Twitter. They are encouraging each other to pile into stocks, bragging about their gains and, at times, intentionally banding together to intensify losses among professional traders, who protest that social-media hordes are conspiring to move stock prices.
The mammoth gains have forced money managers to dump bets that the stocks would fall, magnifying the rally. Bearish investors who took short positions have lost $23.6 billion this year through the close of trading Wednesday on GameStop alone, according to financial analytics company S3 Partners, including $14.3 billion on Wednesday when the stock price jumped 135%, its largest percentage increase in history, to a record $347.51.
The mob-like mentality on WallStreetBets has some professional investors calling foul.
Mr. Burry, who drew some of the early attention to GameStop, on Tuesday posted in a now-deleted tweet: “If I put $GME on your radar, and you did well, I’m genuinely happy for you. However, what is going on now—there should be legal and regulatory repercussions. This is unnatural, insane, and dangerous.”
SEC staff is likely looking into the trading activity and messages on Reddit, said Brad Bennett, a former enforcement chief at the Financial Industry Regulatory Authority. Proving any type of fraud, such as market manipulation, would require showing that traders conveyed false or misleading information to goose the stock price, he said. An SEC spokesman declined to comment.
it is just folks whipping each other into a frenzy on the internet, it is hard to find a violation,” Mr. Bennett said. “But if you have people putting information out on a website, and these are stock pickers selling into the frenzy and they are not disclosing that, it can be fraud.”
Moderators on Reddit investing and trading forums have disputed in posts the notion that the forum manipulates markets, and in replies to users have said they are strict on enforcing group rules, which “relate to promotions and pump and dumps,” one moderator said in a forum this month.
