Why not, it’s the next Boomer stock.
I’m in on BB, CLVS, and NOK for numbers uncomfortable enough that I’ll probably sell within an hour. Trying to bust my Roth, not like the world won’t suck ass when I retire anyways.
I ensured this would happen by placing the wrong kind of limit order on it and selling my position this morning. I’m going to use the profit to get a couple of egg McMuffins…
Everyone is doing this 100% to make money for themselves.
You guys suck at stock picking! Stupid CLVS and LMFA! 
Not sure if anyone took a crack at it, but I saw there was a question about Robinhood’s relationship with Citadel and order flow.
The basics as I understand it is:
Citadel pays Robinhood to handle the order flow Robinhood gets from retail customers. I believe the legal argument is that anybody can purchase this order flow, so it is not inside or privileged information.
How stocks (and all market instruments) work is at all times during market hours there is a resting bid and offer. That is how many shares are willing to be bought at a certain price, and how many are willing to be sold at a certain price.
In a hypothetical example, let’s say Robinhood user StonksNazi69 wants to buy 100 shares of Gamestop. Last traded price was $100.00 exactly. He doesn’t care all that much about the exact price, so he says I will buy 100 shares at a maximum price of $101.00
That goes through to Citadel, Citadel either has to buy that from the market and transfer it to StonksNazi69’s brokerage account, or they can sell the stock directly to him. The process of filling StonksNazi69’s order takes a few seconds, totally fine for retail investors. In those few seconds, Citadel’s computer systems can do the following.
They see that currently there are 20 shares offered at $100.10, 30 shares offered at $100.30, and 50 shares offered at $100.80. Citadel’s internal system for their own portfolio then buys all of those shares in these milliseconds. Citadel then sells 100 shares to StonksNazi69 at $100.90. Citadel has now pocketed the difference of 20*.80 + 30 .60 + 50.10 or $39 on this transaction. StonksNazi69 doesn’t really care if he gets filled at $100.10 or $100.90 because GME is going to be worth $420.69 by the end of the day.
Citadel basically gets to wash, rinse, repeat this process millions of times throughout each day, scraping tiny profits every single time.
What is very up for debate is whether or not this order flow constitutes insider trading because it is privileged information, or if it falls under public information and Citadel is able to insert themselves in the middle to take both sides risk free because they have the fastest systems.
just found out Hostess Brands Inc is publicly traded under the ticker TWNK
its up 9%
FUBO is the next rocket ship.
Imagine if there was one with the ticker STNK.
This is the first explanation I’ve seen for why Schwab and other stable brokers might have also imposed seemingly-ludicrous 300% margin requirements on GME purchases:
The problem is the forum STONKS mush was on both of those (although I sold CLVS options for a profit around 9.30)
I’m looking for LMFAO
Centuries from now, historians will devote their careers to the exegesis of this important historical document.
Can someone who understands SPACs better than me explain what is going on with LMFA/LMAO? How can a company have a market cap of $36m if they just raised (in just a couple of days) $105m? Am I missing something about how the shares convert into this LMAO stock?
I think this is a bad idea… Those of us fucking around for a few hundred dollars are straight gambooling. Nobody should actually be doing this with their retirement accounts… If you wouldn’t walk into a casino and stick your retirement account on red, you shouldn’t be doing this.
Because they should be called out for being a Trump supporter regardless of what they are doing.
It’s their defining characteristic