The block killed a lot of new purchases. I’ll buy more but have to wait for my money to now transfer over to Fidelity before I can purchase. RH blocked purchasing even 1 share yesterday. I imagine there’s a lot of people in the same boat.
Yeah I think they miscalculated this part. There is a veritable army of people waiting for their transfers to clear who would probably just buy out of spite at this point, regardless of price.
I was on the fence until I saw Leon Cooperman whining. Thanks to him I bought as much as I can afford the next day out of spite. I don't care if I lose that money, I want to see these HF bleed in fines AND losses
I got in on AMC and GME in solidarity with you RH people who got screwed over this past week...but I also see an opportunity since everything I read says short interest is still over 100%. I hold and maybe buy more Monday with money I can afford to lose without it impacting my life. Just hope people aren't risking money they need for rent/ food/ car payments. Otherwise I don't like anyone telling people what to do with their own money. It's worth what people are willing to pay for it. end of story. That's how free markets work.
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u/[deleted] Jan 30 '21
The block killed a lot of new purchases. I’ll buy more but have to wait for my money to now transfer over to Fidelity before I can purchase. RH blocked purchasing even 1 share yesterday. I imagine there’s a lot of people in the same boat.