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'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.
Nokia actually had reasons for increased interest outside of WSB too. Monday they announced they are re issuing dividends for the first time since 2019 and I believe they had a 5G related product announcement.
Yeah I've followed them a while being in related industry and all. They aren't nearly as bad off as a Gamestop or AMC. They are actually a profitable company already and not on the verge of bankruptcy. They don't even have their phone business anymore (that's HMD Global), but they are still a big player in the 4G and 5G hardware game. That's why it didn't make sense to be a short squeeze. I'm not sure I could see reason for a hedge fund to stack shorts on a $5 stock of a company that has solid revenue potential.
They won't let you buy in anymore.