![watch dogs pc gamestop watch dogs pc gamestop](https://www.dsogaming.com/wp-content/uploads/2013/05/8725566162_08ea4b776b_o.jpg)
Those words of encouragement are little consolation for those who have lost hundreds of thousands. Do you stay with RH, who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that won’t cut you off and then go ham on Wall Street." "The only question is what broker do you use.
![watch dogs pc gamestop watch dogs pc gamestop](https://img.tatacliq.com/images/i5/437Wx649H/MP000000005478297_437Wx649H_20190912221501.jpeg)
"I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again," he said. That is when you get to make it all work." The upside for individual investors, he continued, is that once online brokers like Robinhood fully restore access to GameStop, "then we will see what WSB is really made of. On Reddit, one user is down $400,000 but is refusing to sell. Which then leads to what we are seeing in the market right now with GME in particular." They just want to get your cash to pay back the loan," Cuban said. They just take your stock, send you a fuck-you note and sell your stock at the market price, no matter how low. "When that margin call happens, it's brutal. That created what he called a "Robinhood Dive," he continued, because the lower it goes, the more that investors who bought on margin are forced to sell, or put more money into their broker's account in order to ensure that it's kept at a minimum value, an action known as a " margin call." "If you still believe in the reason you bought the stock, and that hasn't changed, why sell?"Ĭuban said he believes Robinhood's decision to restrict access to GameStop last week stock triggered the price drop by cutting off access to a significant portion of buyers, forcing sellers to lower their price in order to attract other potential investors. If everyone goes to their website and buys from them that is going to help the company which will help the stock which will help everyone here," he wrote today in a Reddit AMA. "Best thing you can do is hold on to the stock and do business with GameStop.
![watch dogs pc gamestop watch dogs pc gamestop](https://img1.xjuggler.de/600/2069491.jpg)
Billionaire investor and Dallas Mavericks owner Mark Cuban, for one, encouraged people with holdings in the company to hang onto them. (Image credit: wallstreetbets)Īnd there are others who, at least publicly, share that optimism. WallStreetBets Discord user Housecat's portfolio shows a precipitous drop in GME share price. If they want to give me a discount, I'll take it," said another. "They're handing us a discount to buy more, how thoughtful," one user wrote. One thread on Reddit is filled with people claiming that they're taking the opportunity to buy even more shares as GameStop continues to slide. Like soldiers in a battle, users encourage each other to "hold the line" and "trust in the plan," instead of cutting their losses. One of the defining aspects of the Wallstreetbets community in recent weeks has been an almost cultlike devotion to fighting the hedge funds that had initially shorted on GameStop's stock. Forbes underlined the urgency of those warnings today with a report bluntly entitled, "Please sell GameStop before it round trips."ĭespite those warnings, and the precipitous decline in GameStop's price, not everyone is ready to throw in the towel yet.
#WATCH DOGS PC GAMESTOP FULL#
This is the outcome that some financial industry experts and casual observers alike have been warning of since Reddit first took notice of GameStop: That individuals caught up in the moment and without a full understanding of what they were getting into could end up badly hurt after the share price turned south. It’ll be a lot of playing video games and going to the gym to prevent spending any money for now. But I will have to cut back on how often I eat out, or when I buy groceries. Luckily I’m in the military and I’m not married, so my expenses are low, don’t have many bills. Not nearly as bad as others, but it’s not great. They only bought two shares priced at $316, but say that was $632 they really needed. "My income is low, and this stonk sinking this low after buying it so high is a big hit," another Discord user named Housecat said. It’s about exposing how fucked up the stock market is. "I just didn't spend enough time to research what I was doing, or what the market could do to my account so quickly." On Friday, Slik had invested $1.1 million in options on GameStop stock and lost $850,000. "I just want my money back but I know it is gone," wrote an investor from the Wallstreet Bets Discord named Slik, a 52-year-old Nevada resident.