I sold half of my holdings in tech stocks and indexes. I think they're going to continue to decline, so hopefully I'll be able to make back the realized loss of ~$10k comes back. Of course, the day I sell out, everything rallies. When I went all cash before, stocks rallied for 2.5 weeks, and then hit this giant slide, so I'll stay strong this time. Definitely tracking with my sell low, buy high strategy though. I'm -42% on both unity and GME.
I don't by any means claim to be any sort of expert with this stuff... but I think this may be a misconception that keeps getting repeated in the GME subs. Trade pressure is always 1:1, if there is a buy there is a sell. It seems the Fidelity bar gets screenshotted as proof of buying pressure when I believe all this indicates is that Fidelity is experiencing more buy orders than sell orders but that either the sell orders are simply larger than the buy orders for instance 100 buys of 2 shares vs 2 sells of 100 shares. Or possibly even that yes Fidelity customers are primarily buying... but they are buying shares owned by folks in other brokerages that are selling. You can't exactly buy a share that isn't being sold. I'm an uneducated degenerate that sold his entirely gambling portfolio to bet it all on Under Armour a few days ago though and is banking on it popping to $22 by earnings while everything apparently wants to bleed though... so, yeah.
You're right about that, of course. I am far from an expert. My best spitballing answer would be that it has to do with open orders to buy or sell, above or below the currently traded price. I'm not sure how it would be calculated exactly. Maybe someone with more experience in finance topics could chime in.
Hmmmmm....may be something, may be nothing. TD Ameritrade Bartlett Warehouse Burns After Investigation Announcements
Reddit has been blowing up with a ton of conspiracy theories and newly minted warehouse fire suppression system experts over the last couple of days. That being said, the DOJ now has over 60 subpoenas out over illegal shorting investigations. Between that and GG's latest posturing, things are looking up for the GME crowd, despite the share price dropping as low as it is. over 75% short traffic and 95% of it going on dark pools, as per the head of the SEC. Things be FUCKY, and the DOJ are the ones with teeth. SEC, FED, FINRA? All private self-policing groups that are dropping the ball. DOJ is criminal shit.
HBO Max released a documentary on the GME short squeeze and Wallstreetbets called "Gaming Wall Street". It's pretty interesting, watch it if you get a chance.
some retard just bought 18k worth of $GME $265 calls that expire friday either he has some serious inside info, or this is some old school wsb shit. Most likely, he's a drunk trust fund kid, possibly doing lines
I did some day trading for GME and then as it was starting to peter out a bit, I ended up with about 15 shares that I hadn't divested but cost me less than the profits I had made day trading. Figure it's a lottery ticket. Either the squeeze happens (unlikely) and I make some money, or it doesn't happen, and even if the shares got to zero I'll treat it as a free lesson in day trading and meme stocks.
They paused trading for gme today because it was spiking. Hmmm..... The rest of the day will be fascinating to watch.
Yeah... something REALLY fishy happened there. A ton of people are posting alerts they got for calls that were ITM at over $500. One guy posted a screen shot showing the bid/ask at 0.0200 and 448,950.00 And the exact same behaviour on both AMC and GME. It was WEIRD, and nobody is saying fuck all about it, other than a bunch of apes screaming that MOASS started and they killed it.