Hardly anyone will sell you GME stock, rumors are everywhere about this being co-ordinated with Citron etc increasing their short positions.
Unconfirmed reports about Robinhood and TD Ameritrade forcing people to sell "for their own good".
Why has everyone rushed to defend random hedge funds? Do these people have any other ties?
I am not telling you to drop GME right now.
But this scenario is going to absolutely BREAK investor confidence going forward. We're due another market crash, so get out of Wall Street investing quickly.
I'm not sure that holds. Once GameStop crashes down to ten dollars again, everyone will forget any of this even happened. This won't affect the "safe" stocks like Amazon, Apple, Microsoft because they're too big to be manipulated like this.
They won't be manipulated. But a dead market is a dead market. The market value loss across the board will be what naturally comes, not an artificial manipulation.
I doubt that. As long as this can be framed "correctly" by media and financial news orgs, nobody who wasn't involved in this will remember any of it.
Hardly any normal people who invest know more than what's in the WSJ, MarketWatch, Bloomberg etc.
Market crashes are good for people who want to invest.
Correct.
BUT YOU DON'T WANT TO HAVE MONEY IN IT WHEN IT ACTUALLY CRASHES.
Alternatively get in on shorting the market. Put options can only lose you as much as you bought them for
I'll definitely consider the option. But for now, my account has been turned into cash. I had even considered getting in on the GME and AMC action, until today's events.
I got in on NOK AMC and BB yesterday unfortunately. And now I'm just gonna hodl until they let retail buy again, selling at a loss now vs a loss a month from now makes no difference.
Once that's over with though, I'm definitely pulling out for put options or crypto
Nokia is in on a short squeeze too? That one surprises me. They have been so low for years now.
They won't let you buy in anymore.