It must be. Wall Street bets grew to 8 million users after this whole GameStop thing, up from 1 million. They all probably hopped on to see what’s going on. Plus reddit is down more than any other website that popular that I know of.
People generally seemed to like Windows 3.11 → Windows 95 I guess? Also Mozilla Suite → Firefox (though some people still prefer the old way). It's just that when things are actually improved people tend to not remember them.
old.reddit.com works. Probably an influx people checking /r/wallstreetbets. Reddit being overwhelmed for a couple minutes seems like a daily occurance since forever, but wsb is really pushing their capacity at times.
> Probably an influx people checking /r/wallstreetbets.
There's only 300K people reading that subreddit at the moment. During the peak earlier in the month it was over a million. (edits, refreshed 4 mins later and it's just under 500K).
Also, for the conspiracy fans, notice that the majority of the rise (90 -> 199) has happened / is happening during post market hours when normal users (retail) cant do anything. 50->90 happened during normal trading hours.
My guess is they have a “thundering herd” problem when a few critical threads get lots of traffic, and any workaround is still manual because it’s delicate surgery. Pure speculation however, I’ve no inside knowledge.
I tried to determine this. And while I'm skeptical they brought the site down, there WAS a large uptick in comments on /r/wallstreetbets as the site went down. Still pulling in all the data from right before it went down.
Isn't that also potentially a signal he's hired for a specific reason - not necessarily to benefit all shareholders but perhaps extract as much as they can for certain parties like executives?
It still boggles my mind that Sears, with their Sears catalogue and name recognition - and tons of store locations until fairly recently - could never pivot online, where they already had distribution centres..
I don't quite understand, the announcement about the executive was made on Tuesday, but this gain didn't happen until the final hour or two of trading today.
It's probably a mistake to read much into these things when it comes to Gamestop. It's not about the fundamentals, it's about when /r/wallstreetbets notices and is collectively feeling up for it.
I don’t know it was definitely noticed when it happened and honestly I have a hard time believing it could be more hyped up than these last couple of days.
wallstreetbets has been feeling up to it irrespective, and the mgmt change was definitely noticed there way earlier than near-close/after-hours, which is when the last ~$150 of the current $180 ticker gained..
Pretty sure he's clarifying that retail flow has negligible effects on the markets. Institutional money moves stocks, retail investors are just along for the ride.
I'm not sure where these guys are getting their numbers, retail investors make up about 25% of the market. Not the dominant force, but also not exactly negligible.
I had a limit sell order sitting at 210 from the insanity a few weeks ago, honestly glad it didn't get hit. The amusement I'm getting from having my stake is honestly worth what I paid by itself.
Yes I'm serious, I'm 26 if it makes a difference. More than $50 million worth of GameStop stock was shorted today. When there are people out there taking such risky positions, proving them wrong and taking their money -- and even the prospect of doing so -- is extremely amusing. I stand to lose a few thousand dollars. Whoever is on the other side of this transaction stands to lose hundreds of millions, if not billions. The competitive aspect of it makes it exciting. The rest of my portfolio is not nearly as interesting, not even the crypto.
This is not hundred dollars vs billions, it's hundred millions vs billions , you are risking hundreds not to make billions but to the possibility to take some thousands from a billionaire investment co or from someone who is even more careless about money than you who will buy when you are willing to sell something hugely overvalued... This is a game.. and at the end i think that highly efficient and organized players (edges) at the end will take a lot of money from retailers (and maybe melvin)..
I got pretty lucky with this stock. Bought at 144, sold at 470 in the last rally. Bought back in at 45, sold at 69 today. Wish I set my limit sell to much higher, I didn't know it was going to rally so hard again.
your $140 wont buy you 10 call options at $14, you might not be able to enter the market at all
Option prices have to be multiplied by the quantity of their underlying asset, so 100 is standard in the equities space. $14 x 100 = $1,400
$1,400 is the amount you have to put down. so there is still amplified return possibilities but you were probably overestimating by an order of magnitude
86 comments
[ 3.3 ms ] story [ 234 ms ] threadThere's only 300K people reading that subreddit at the moment. During the peak earlier in the month it was over a million. (edits, refreshed 4 mins later and it's just under 500K).
Also, for the conspiracy fans, notice that the majority of the rise (90 -> 199) has happened / is happening during post market hours when normal users (retail) cant do anything. 50->90 happened during normal trading hours.
https://topstonks.com/blog/reddit-down
https://t.me/wallstreetbets
Poor guy.
It still boggles my mind that Sears, with their Sears catalogue and name recognition - and tons of store locations until fairly recently - could never pivot online, where they already had distribution centres..
What a guy! Grifting along to another $20,000,000 with no selling restrictions.
edit: and several million cash severence
https://markets.businessinsider.com/news/stocks/retail-inves...
https://old.reddit.com/r/wallstreetbets/comments/lrlmqx/14_m...
Everytime they pass through the gate, they agitate an ancient populist fury
fyi 167 in the after hours
I actually love how the option spread sellers havent said anything and been flying under the radar but making the most week after week
e.g. 3:37PM, $GME trading at ~$73. 2/26 $80c were around $14.
Which would you rather have?
~19 shares of GME @ $168 = $3,192 currently
1 2/27 $80c @ $168 = $1400 premium + $7400 intrinsic = ~$8,800 currently
I know which one I would grab, so long as you could promise me it would keep going up :)
100 shares @ $73, $7300 total cost = $16800 value AH (+130%)
1 2/26 $80c @ $1400 premium = $8800 value AH (+529%)
I'd never heard of an option until a month ago.
My understanding: say you have c. $140 to spend
You could buy 2 shares at $73 each
If you think it's going to go up to $100, your $146 turns into $200
If you think it's going to go up to $400, your $146 turns into $800
If you think it's going to stop at $80, your $146 turns into $160
If you think it's going to go crash to $10, your $146 turns into $20
Instead $140 for 10 call options (which are for 100 shares each), so 1000 shares at $80
If you think it's going to go up to $100, your $140 turns into $20k
If you think it's going to go up to $400, your $140 turns into $320k
If you think it's going to stick at $80, your $140 turns into $0
If you think it's going to go crash to say $10, your $140 turns into $0
Is that right?
So:
If you think it's going to go up to $100, your $1400 turns into $3.4k
If you think it's going to go up to $400, your $1400 turns into $~33.4k
Option prices have to be multiplied by the quantity of their underlying asset, so 100 is standard in the equities space. $14 x 100 = $1,400
$1,400 is the amount you have to put down. so there is still amplified return possibilities but you were probably overestimating by an order of magnitude
"Tomorrow we’ll be doing an upgrade to our systems. Buying in some stocks might be limited. Sorry for the inconvenience."
https://twitter.com/TradeRobinhood/status/136469009363465011...
edit: oops, that's a fake account! sorry, disregard.
https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts#