No experience, but did see they locked down certain stocks yesterday a little while after RH did. Not sure what limits they are imposing today. I set up Fidelity for the first time last night. Took just a couple of minutes and the deposit was there this morning. Not sure exactly how long it took because I went to bed right after I set it up, but it was there when I woke up 6 hours later.
At the price it has reached why wouldn't short interest increase? The company isn't worth anywhere near that. Sooner or later it collapses back down.
The internet autists are basically saying....so what? The short sellers taking a bath is the goal. Also, the closer we get to market close the wilder this shit is getting.
Schwab and TD Ameritrade just announced that they have not restricted any buying/selling of any GME stocks... only adjusted their requirements for margin purchases in order to ensure that people had the funds available to purchase the required shares if need be. Seems totally legit to me... if you have the cash, do whatever the fuck you want with it... want to bet with our cash, then you need to fit certain criteria.
I'm on TD Ameritrade, no issues buying what I wanted to the last couple days. If they were limiting I would have jumped on something else but I'm too scared to jump in on margin buys. I just don't have the experience or knowledge to not screw myself.
I’m more curious to know what the long term prospects are for it. Like, it’s worth dogshit(dogeshit) compared to Bitcoin, but there’s lots of room for it to grow so long as people invest in it. People are rooting for it to get to $1. At the moment, it’s worth about a nickel. There’s a long, long way to $1.
For a whopping ten bucks, I really couldn't give a fuck less where it goes. I don't even have a bit wallet or whatever the hell you're supposed to secure it with. This is Ron Popeil, set it and forget it. If I check back in a month and the thing's skyrocketed, I can cash out for a PS5.
Doesn't look like they are going to let GME run to close out the day today. Seems as if the most dangerous short positions were closed yesterday during that crash down to the low 100's and everything left has been covered enough to not need to cover immediately. The rest of the short positions can probably be run out over the next two weeks and the price will slowly come down once the positions are closed. If you are still in GME, I'd lower your limits and try and get out before the weekend if you are in profit.
I did more than all right for the week I played... 90% from the early $36 dollar buy in, but had a few good "double ups" with a handful of shares since. Came out ahead, and enough to buy a new killer GPU, even after taxes. It was fun, but I'm not going to kid myself... it's a once-in-a-blue-moon event that allowed it... and I'm pretty happy being all done with the wannabe day trading. Now I'll just enjoy some nice scotch, grab a big box of popcorn, and enjoy the show... while wishing the rest of you best of luck and I hope that the $1k per share dream hits you for real.