Being financially independent

Wally

https://www.marketwatch.com/investing/stock/GME?mod=refsymb_mw

Currently sitting at 347 bucks (they closed at 147 last night).

Along_the_Wire

Who are you guys using to buy these shares?

C_J

Along_the_Wire great minds

Millsy

Along_the_Wire trading 212.

C_J

What trading platforms are you boys using out of interest?

no-one concerned about the SEC coming after that sub for market manipulation?

Millsy

C_J not really. They would have to unpick the whole retail market. Good luck with that. Plus it would be a retrospective action. And if the long side is market manipulator, surely the short book is too?

Wally

Millsy They can temporarily suspend trade on the stock if they want - unlikely to happen but something to remember. I honestly think that will only galvanise people more though - soon as it re-opens, it’ll go gonzo again.

Wally

Millsy Same.

Millsy

Wally ah yeah, I had forgotten about that. Still….he who dares, Rodders

Wally

Ok, now might be a good time to consider things carefully.

C_J

The stock was suspended multiple times already. They have automatic circuit breaks in place. I think the SEC will definitely be looking at whether this constitutes securities fraud but they will perhaps conclude it’s all good since it was only sophisticated rich players that got burnt, and they know the risks etc. They’ll definitely be a bit worried though about the potential for havoc caused by redditors acting in concert to manipulate markets.

Millsy

C_J well yes, agreed. It’s the mob mentality and social media allowing the ‘stick it to the man’ mentality to percolate. Not sure how they can stop it easily unless they put a blanket ban on retail, which would be very hard as most retail work through a trading intermediary. T212 uses Interactive Brokers for example.

Wally

Reddit / wallstreetbets are deleting posts with that video saying it’s bullshit.

I would have thought broadcasting on national TV is bona fide’ stock market manipulation but who knows.

Along_the_Wire

I’ve just been fannying around and bought some shares - it’s still pending, should I cancel it?

Millsy

Along_the_Wire what shares mate? US opens at 230pm

Along_the_Wire

Millsy GME mate

Smallman1

C_J Never take advice from someone who just guesses at what ETF might stand for!!!

More of a KLF fan I must say.

Millsy

Along_the_Wire I would cancel…wait until opening, it will dip. Then strike. But….be very careful and this is NOT financial advice. You should never put a pending order in before market opens imo as it can swing either way.

Disclaimer. NOT ADVICE! And please only use money you can afford to lose. I don’t want you losing your gallapagos diving hol fund lol.

Along_the_Wire

Millsy Roger that. I’m just dabbling a little bit that I can well afford, I won’t be burning down your house whilst you sleep if I get fucked over.

Along_the_Wire

Millsy what sort of dip are you expecting? Again, I won’t hold you responsible in any way.

Jules72

Reddit, GME etc are a complete laughing stock amongst professional people investors fyi…. and yes I think it’s completely relaxed/bonkers too

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