The story has reached the regional paper newspapers (e.g. a full page in the Zürichsee-Zeitung).
If I was invested in the game I’d take it as a late signal to look for an exit…
@anon90991199 : as an added measure, I’d download any document I need for tax purposes now, then put my investing on automatic mode, keep contributing the planned amount without looking at the balance and turn off the news.
When a crisis occurs, the winners are those who keep buying on the way down - and back up.
Edited following @Zerte2’s point on remark: this only stands when you’re buying broad diversified ETFs, as you should if you’re worried about a potentially coming crisis. Individual stocks do go down to zero. Crisis occur when companies go bankrupt and the other way around.
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If you look at the big picture, this story had no impact on the overall market. Yes, GME has been the most traded stock in the last few days, but the WSB stocks had a negligible impact on a diversified portfolio.
Brokers should allow to trade any stock at any time, but I understand that in some cases they need to take measures to ensure their solvency.
Some people have underestimated the situation. Robinhood was near bankruptcy at some point. So they had to take some strong decisions to avoid impacting all the users of the platform. However, they did a bad job at risk management/liquidity management.
Just be careful not trying that on individual stocks…
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This podcast basically sums up my thoughts on the matter - its 90 mins but well worth watching the whole thing.
If you are short on time I recommend the following sections.
[2:11] Chamath breaks down the entire WallStreetBets/GameStop saga
[15:38] Jason responds, debating Robinhood’s liquidity crisis, Citadel’s potential involvement & more
[39:18] How can this be prevented in the future? Restructuring capital gains tax, censorship, where Robinhood can go from here
[53:02] Major learnings from this week’s events, risks of decentralization, do stocks need to be reflexive of the underlying business? GameStop’s endgame
P.S I am not selling and will go down with this ship.
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Blockchain gang is certainly very happy as it proves the need for decentralization and a fair playground for everyone.
What a legend! 
I am very happy to relax for two days after the last week tbh.
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Maybe? 
At this point, no one knows.
https://www.bloomberg.com/news/articles/2021-01-29/the-gamestop-drama-just-cost-one-etf-almost-80-of-its-assets
Agree on both counts. The pause comes at a good time. I’m still in because my exit criteria wasn’t triggered and on Thursday the deck was reshuffled with the trading restrictions.
I’m now trying to analyze if my exit plan needs any changes. Friday’s close happened at an interesting price point.
What‘s an exit plan? 
Just joking, i too do not really know what to expect under these circumstances. Let‘s lay back and see what the sentiment is comes monday.
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“redemptions are delivered in-kind – meaning that its shares are exchanged for the underlying stocks in the fund”
That’s a rare ETF concept, no? When you sell this ETF you get your share of all the shares held by the ETF.
Imagine selling VT & having 8000 positions in your account the next day 
That the case for all ETFs (that’s even the core mechanism of how ETFs work).
(Though it’s normally limited to authorized participants, I guess if you’re big enough you can go deal directly with an AP outside of the market and exchange your shares directly)
That said, most likely the reason is that as they say, this ETF no longer serves its purpose now that GME is 20% of it (and nobody believes that GME should be 20% of it, people invested to get exposed to retailers, not be be exposed to WSB 
)
Jim Cramer basically explaining what these slimey hedge funds are doing to GME right now.
Interview is from 2006
This article from 2014 is both horrifying and astonishing.
Particularly…
" Pulling margin from long customers -
The clearinghouses and broker dealers who finance margin accounts will suddenly pull all long margin availability, citing very transparent reasons for the abrupt change in lending policy. This causes a flood of margin selling, which further drives the stock price down and gets the shorts the cheap long shares that they need to cover.
Paid bashers -
The shorts will hire paid bashers who “invade” the message boards of the company. The bashers disguise themselves as legitimate investors and try to persuade or panic small investors into selling into the manipulation."
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Yes, it was crazy :). At the beginning of Friday’s session I sold half of the shares at 325.66, so I secured what I put in, with some small bonus. Now I really don’t know what I would do, I’m fine with just keeping the shares and watch “next episodes”, even if they go down to 0.
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Does this make you a traitor then? 
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I hope that not more than half-traitor :).
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Gains are gains, paper handed or not. bravo and f u.
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You invested what you could afford to lose, and exercised proper risk management. There is no shame in that, well done.
You have taken part in a worldwide phenomenon which is now far greater than GameStop, this is a political movement now.
All the best for next week. If look forward to dining with you boys in Valhalla 
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I love your sense of humour guys! 
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Awesome explanation and discussion. Just wished they had addressed the other brokers suspending trade in GME - cause IBKR is no startup that doesn’t know how to run a brokerage and has decades of experience.
Regarding GME, I am just hoping they aren’t preparing to rig the game (again) next week by any interventional measures. I admit I had a sell order on Friday, though that didn’t get filled (price to low). Very interesting to watch.
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