Robinhood >Commission free and no minimum to open robinhood.com
Interactive Brokers >Cheapest trading platform for Europeans, very good API, anal registration process. $0.005/share, $1 minimum. Lowest margin interest. Free API access interactivebrokers.com
TD Ameritade >$6.95 commission per trade. No minimum to open. Fantastic data/charting through their free ThinkorSwim service tdameritrade.com
Degiro (Cheap broker for Europeans) >2nd cheapest platform for Europeans, they announced an increase of their commission fees. Very quick registration process degiro.eu
>be Snap >decide to launch redesign for app that absolutely does not need a redesign >people voice their discomfort about this >"oh no, don’t worry, this is part of our master plan. it’ll work out well in the long run. trust us" >redesign comes out >it’s utter fucking shit >millions of people, including celebs, say so >after initially saying “shut up you don’t know what you’re talking about, we’re not changing anything,” start rolling back some of the changes months after it comes out >ultimately lose 3 M I L L I O N daily users because of it >after being so sure, so smug about the redesign being needed and being great OH NO NO NO NO
Logan Phillips
Hey I want to open a TD Ameritrade account. How long until I'm approved for options and ready to go? Robinhood is trash for setting up spreads and I'm tired of its glitches.
so pretty much nothing really decent for the rest of the week. Ill watch Coke/Dropbox and Toyota but thas all ima do is watch fuck all them
Jonathan Evans
ROKU should be interesting.
Kevin Butler
0 or 420. I will either be down $15,000 or up $250,000. Musk is a fraud. There is a large population of young men looking for someone to worship though so there is a good popular opinion of him regardless of what the facts are.
Camden Scott
Exactly it, but keep in mind the government is also artificially inflating him with massive investment in tsla
Luis Johnson
>Prince Alwaleed says he has acquired a 2.3% stake in Snap
holy crap $TSLA reading stuff by hedgies and all star traders
they saying this potential black swan scenario for shorts because they locked in, TSLA can potentially be pumped $900 + and they will face unlimited loss jesse christ
He's trying to bring in new investors with big claims and dazzle and keep people from looking too hard at his company's finances. Granted it might actually work, but that's just buying time.
Jason Scott
well im back, how do i get that change colors as they cross over, like pic related?
Hey boo hope u had a wonderfful day but we are acutally IN TSLA til 420. if it blows through that we will re-evaluate.
Stop loss 368 (aint no body got time for loosers)
Jaxon Cox
Based Arab.
Noah Brown
They will make it into the ME/India/Africa/Pakistan instagram+Facebook. Screenshot this.
Tyler Robinson
what reading?
Jordan Barnes
WTF does “trading halted” even mean. Can they do that? Kek.
Zachary Miller
>just got into investing >haven't payed any attention to TSLA because of the pure shitstorm revolving around Musk >See the news early today >risking close to ~1000 for what is probably a $90 gain am I insane? Should I just drop this shit before I get burned? I can't imagine Musk would be crazy enough to risk getting slapped with fraud just to bump the stock a few points...
It’s like this, senpai: - shorts pay premium - stock goes up? Premium goes up -premium too high, need to sell short, stock goes even higher -short squeeze pushes price astronomically high.
Owen Carter
TSLA is a luxury car company for rich faggots. Like Aston Martin or whatever. It's never been worth anything.
I mean, it's a great investment opportunity, goy, keep buying more TSLA! Everyone will be driving a Tesla in 10 years oil will be totally obsolete!
Oliver Phillips
I meant what news sources was they reading
Cameron Nelson
>t. Assblasted boomer They have the best electric car tech, the best renewable energy batteries, and deep expertise.
Lucas Evans
I don’t know. He’s probably a rich asshole with subscriptions. Anyway it makes sense tho. Above 500... shorts are gonna hurt. Definitely hurting even above 400.
Blake Powell
$900+ seems impossible though.
Jacob Hernandez
>New Paradigm and elon even gave us the prime resistance point. If you got money or balls; it looks like TSLA is the gambling table now. MU is the medium table if you want a lower buy in for the options carousel.
Levi Carter
Not at all. The short squeeze would push it to 900+. If it goes up to 400-500, then more and more shorts have to cover and “buy” the stock they short sold... at a massive loss... so it pushes the price up crazy high. TSLA is the most shorted stock in Wall Street history. If they get squeezed, any price is possible— temporarily at least.
Jason Green
Most of you posting about TSLA Can't even afford one share. Just saying...
Levi Martinez
The way i see it you either run with the wolves or will never go anywhere. Imagine yourself as a feral human rasied by wolves You may be a fucking retard but you must maintain more brain capacity than the rest.
Brody Wood
me and my friend split one that's why they're called shares you dummy
Jordan Hall
I snaged up only 3 i dont really care where it goes i have my sell limits jus going on the roller coaster desu
Eliminating shorts so hard they'll never enter the market ever again or their homes due to bankruptcy.
Parker Wilson
60%+ of the float is institutional. Much of that is in mutual funds which cannot hold illiquid assets. If Musk is not committing securities fraud (hint: he is) then there will be plenty of liquidity at 420.
Daniel Howard
Also, anyone else monitoring the Ohio election?
If dems win I'm thinking that's bad for the market tomorrow.
Parker Clark
It's almost like jumping in on the bandwagon of shorting the most shorted stock in trading history when the stock has a high valuation and a cult like following lead by a highly charismatic mad scientist who is aprently also a god of capitalism is a bad idea. I really hope that this becomes the new market story. Where were you when Musk held the hedge funds hostage?
Evan Gomez
a mortal man just moved and shut down and restarted the entire market with just one tweet.
Noah Mitchell
The panic on CNBC of the people on hedge funds side was pretty intense.
Wyatt Martin
Help me understand /smg/,
If TSLA goes private, what happens to shorts? Do they just sell at $420? Do they hold on and enter Tesla's "private fund"? Will people even agree to the buyout?
Gabriel Martinez
They cover at 420. If that's the price. No one knows what's going to happen yet. The shorts won't have a choice but to cover as well once it goes private. All the shorts hoping for a 2020 bankruptcy or whatever are mega fucked.
Or it could all be made up. > Don't know who the buyer is > Don't know anything about the financing > Don't know when the deal was started./struck (Musk bought stock in June, could be insider trading now) > No statement from the board > No statement ready from the company, 90 minute trade stop
It takes 100s of lawyers and bankers to finance shit of this size. All we have is a tweet and an email from 1 guy. I'm personally a fan of the >literally enron bet
Easton Wilson
2 days at most for approval but to wire money in will take some time for funds to settle
Why would Musk risk getting hit with fraud for a statement like that? Especially in a tweet? Wouldn't be putting a giant target on his back to try insider trading with this kind of publicity right?
Julian Rodriguez
So according to Tesla's statement, it's now possible to buy SpaceX stocks from secondary markets? How?
Samuel Howard
Not to distract you guys from your TSLA talk, but what do you guys think about buying some SNAP stocks? Was considering maybe putting like $500 or so into it just for fun.
Joshua Taylor
its still over valued pre and post earnings. i day trade the stock alot
Thomas Lee
Because the walls are closing in and he is desperate. From the tone of the chat here, I can tell no one really knows anything about Tesla and just see it as a meme company. They are cash strapped, have huge debt and have a huge logistics problem right now. They are literally parking thousands of cars in empty dirt lots.
Christian Carter
SNAP is for people who are too stupid for based MTCH.
if you happen to be the advisor for a $100B mutual fund you may buy SpaceX for the fund, once every six months or so. FCNTX had the highest percentage last I checked
Adrian Anderson
Isn't the main reason he's desperate because he's worried about the Saudi buyout? That makes this whole move make sense.
Nathaniel Green
I have the feeling that I shouldn't have gambled on DIS earnings.
Are they done in house or? The Tesla press release imply employees and external people can trade them on secondary market although I am not sure if it actually happen
Owen Diaz
Jesus what? A buyout would make him filthy stinking rich and solve all of his problems. Saudis only bought 3-5% of the company for their wealth fund to diversify.
The company literally runs out of money by the end of the year at the rate they are burning cash and has never turned a profit. That's why he is desperate.
Austin Reyes
If Musk pulls some sort of retarded LBO he is the greatest con man of the century hands down
I like him but TSLA is a disaster
Adam Phillips
>generic cameras with name brand prices I thought I raised you better He is literally an African American Prince Jeweed does this to censor people that criticize Sharia law and Wahabbism
Gabriel Torres
Tesla's statement mentioned that they expect all investors will remain on board after privatize. How many people will do so and how many will sell their stocks?
Leo Mitchell
Think about it. Half the shorts are in for a long-term bankruptcy or overvaluation due to competition and problems in the long-term
Going private destroys them. The short term ones are destroyed by the $420 hype.
Going private is the only way he could have eliminated all the shorts in a single move. It's fucking scary. No shorts will touch a hyped company again.
Austin James
I seriously don't understand how it's part of the game that you can go private like that with a large short interest. I had to look it up. It's like a short-killing wipe with no recourse. 10b just poof.
Owen Watson
>stock market is well regulated >can just turn all shorts into unleveraged put options expiring with % chance on some date with a single move
How is this part of the game? I'm not even a shorter. Even reading about shorts no one mentioned this risk. Did no one think it could happen?
Julian Perez
What's the most boomer stocks you can think of? I'm at F KDP KO PEP T VZ
Christian Phillips
So what are shorts in Tesla holding right now mechanism wise. 30% chance or whatever that they have to cover at $420 somewhat soon. Dealing with the upward pressure from that position. Dealing with the upward pressure from everyone knowing they have a huge short float.
Whatever risk level they had this morning is like 20x higher now. Not just betting the company goes down, but also having to factor in being forced to cover. So whatever % chance they had for low tesla in the long term is now absolutely fucked since they might not have a chance to ride it that long.
Cameron Foster
Invested in VZ with birthday money in 2014 ended up making hella bank
So what? The way I see it his options are 1: Continue running the hype train as normal and cash out legally around ~400 and enjoy your billionaire conman lifestyle.
2: Commit outright securities fraud by making more and more specific statements, go directly to an SEC jail cell and watch your empire burn.
3: Actually go private using investment from a major (possibly foreign) investor group, at a HIGHER price than the Saudi's were planning to get a majority claim. Lock in your diehard fans and investors, now with no need to justify your explicit failures to the market.
Robert Richardson
Game theory wise it seems like if this becomes normal, going private with large short float on long-term risks to kill their ability to bet, it seems more risky.
How does this even effect puts?
What the hell happens to $350 puts dated 2019? Just absolute fucking loss.
Bentley Rodriguez
Netflix should announce they are going private at $400. Watch the entire puts and short float immediately lose all their money.
>you thought you could bet on 2019 being tough on us because of disney? fuck no
Aiden Campbell
theory wise what if companies just float the idea like musk did. Get some interested longs, ask if they like the idea of public, etc. Make sure there is a 10% risk of it happening to keep shorts and long-term puts at 1/2 Expected value.
Caleb Morales
? The explanation is that EKSO went down when they didnt meet the EPS
i hope you didnt buy when the stock was up 30% today
