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Old 01-29-2021, 11:01 AM
 
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If the amateur investors are short selling meaning they are borrowing the stock, dont they lose money if the stock goes up. If anything Robinhood saved the little guy.
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Old 01-29-2021, 11:10 AM
 
Location: New York City
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Quote:
Originally Posted by NJ Brazen_3133 View Post
If the amateur investors are short selling meaning they are borrowing the stock, dont they lose money if the stock goes up. If anything Robinhood saved the little guy.
can you short on RH?

btw I heard borrowing fees to short GME are over 80%
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Old 01-29-2021, 11:11 AM
 
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Quote:
Originally Posted by gailjnh View Post
Looks like the little guys, for now, are winning: https://www.yahoo.com/news/gamestop-...154801002.html


Unfortunately, they will lose in the end because they won't get out in time. Stock today has fluctuated between around $500 to just below $300. Someone is going to get caught holding the bag.
Oh nevermind it is the opposite. Its the big whigs that are borrowing the stock. But I doubt they are borrowing from the amateur investor. I doubt the amateur investor is going to buying or selling the majority of the shorted shares as it rises or falls.
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Old 01-29-2021, 11:12 AM
 
19,966 posts, read 7,883,785 times
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Quote:
Originally Posted by NJ Brazen_3133 View Post
If the amateur investors are short selling meaning they are borrowing the stock, dont they lose money if the stock goes up. If anything Robinhood saved the little guy.
The amateur little guys aren't short selling. They are buying the stock and hoping short sellers will have to buy their borrowed stock back to return it to the lender causing the price of the stock to go up or remain high. Robinhood had blocked the little guys buying of the stock.
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Old 01-29-2021, 11:20 AM
 
17,874 posts, read 15,966,007 times
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Quote:
Originally Posted by BlakeJones View Post
can you short on RH?

btw I heard borrowing fees to short GME are over 80%
I was confused, I thought it was the amateur investor shorting the stock. And if the borrowing fees are that high, I doubt any amateur investor can short much.

As it is the other way around, any significant amount of shares will be borrowed from another institutional investor. Any buying and selling after that point whether prices goes up or down will also be done by institutional investors. Unless this amateur investor is already a millionaire, I dont see the point.
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Old 01-29-2021, 11:22 AM
 
17,874 posts, read 15,966,007 times
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Quote:
Originally Posted by mtl1 View Post
The amateur little guys aren't short selling. They are buying the stock and hoping short sellers will have to buy their borrowed stock back to return it to the lender causing the price of the stock to go up or remain high. Robinhood had blocked the little guys buying of the stock.
Yes I figured that out just now.

But still, how much volume, and at how high a price can an amateur transact with in order to actually manipulate the market?
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Old 01-29-2021, 11:31 AM
 
19,966 posts, read 7,883,785 times
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Quote:
Originally Posted by NJ Brazen_3133 View Post
Yes I figured that out just now.

But still, how much volume, and at how high a price can an amateur transact with in order to actually manipulate the market?
Well supposedly there are many maybe a few million amateurs acting in concert buying and raising the price.
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Old 01-29-2021, 12:03 PM
 
17,874 posts, read 15,966,007 times
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Quote:
Originally Posted by mtl1 View Post
Well supposedly there are many maybe a few million amateurs acting in concert buying and raising the price.
But then each amateur gains less and less as more jump in as time flies along with the rise in price.

Well, if this situation does show anything is that is yes the market are rigged but by the big players or the house. The house always wins as they say.
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Old 01-29-2021, 12:08 PM
 
Location: Nowhere
10,098 posts, read 4,094,189 times
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Are liberals bright enough to know that all the billionaires that run the system are liberals, just like them?


Gates, Zuckerberg, Bezos, Buffet, Brin and his brother, and on down the line. All the wealthiest are liberals.


Moreover, all the hedge fund trash are liberals as well.
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Old 01-29-2021, 12:09 PM
 
Location: New York City
19,061 posts, read 12,730,715 times
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Quote:
Originally Posted by NJ Brazen_3133 View Post
The house always wins as they say.
James Pierpont Morgan would tend to agree
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