Is the recent GameStop story highlighting how little stock price is based on reality?

[JimMIA]

$137 now....and halted. That’s an 82% surge from today’s low since the news of RH increasing the limits on Buys. Still a limit and other brokerages haven’t lifted yet. You don’t call that manipulation?

Those small brokerages, Robinhood included, are sharply constrained by their clearinghouse requirements. Robinhood has been able to get theirs relaxed quite a bit, and they've also had major investment influxes, so they are now allowing 100 share GME purchases.

It's pretty impossible to tell the difference between manipulation and just normal market playing. At least for me it is.

 

[godisney14]

Those small brokerages, Robinhood included, are sharply constrained by their clearinghouse requirements. Robinhood has been able to get theirs relaxed quite a bit, and they've also had major investment influxes, so they are now allowing 100 share GME purchases.

It's pretty impossible to tell the difference between manipulation and just normal market playing. At least for me it is.

TD Ameritrade, Schwab, Morgan Stanley E-Trade were also curtailing Buys “out of caution for its customers due to volatility.”
I could be wrong, but I don’t think those are small brokerages.

 

[Starport Seven-Five]

TD Ameritrade, Schwab, Morgan Stanley E-Trade were also curtailing Buys “out of caution for its customers due to volatility.”
I could be wrong, but I don’t think those are small brokerages.

The large firms adjusted margin requirements. They did not restrict people from buying/selling if they were using their own money.

Very different.

 

[Jonfw2]

If anything, I think it's demonstrating how much they ARE based in reality- I mean, the whole movement fizzled out in less than two weeks. There are only so many people willing to throw good money at bad...and we're running out of them quickly.

 

[JimMIA]

Just FYI, GME is now below $50. $483 to $50, definitely an E-ticket ride!