"GameStop has gotten a lot of attention," Kashkari said during a virtual town hall event on Monday. "If one group of speculators wants to have a battle of wills with another group of speculators over an individual stock, God bless them."
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Sputnik International
-0.12%
Securities now lifted include Tootise Roll, American Airlines, Starbucks, General Motors, Beyond Meat, Bed Bath & Beyond and Rolls Royce, among others.
According to the company s support page, investors will be limited to 10 shares and 10 options contracts of AMC, 700 shares and 700 options contracts of BlackBerry, 20 shares and 20 options contracts of Express Inc., 1 share and 5 options contacts of GameStop, 600 shares and 600 options contracts of Genius Brands International, 2 shares of Koss Corp., 600 shares of Naked Brands Group and 2,000 shares and 1000 options contracts of Nokia Corp.
Photo courtesy of Robinhood
The new restrictions, which are aggregate limits for each security and not per-order limits, include shares and options contracts that an investor already holds. These limits may be subject to change throughout the day.
by JordanLeDoux
NOTE: By “next TSLA” I mean a stock that grows far beyond what talking heads think is “reasonable”. Not that they are company
like TSLA or that they will see similar returns.
EDIT: BECAUSE SOME PEOPLE CAN’T READ, BB IS NOT GOING TO BECOME A NEARLY TRILLION DOLLAR COMPANY LIKE TESLA. The comparison is with a company that is undervalued because it’s going to get in on a
brand new market that it helps create.
BB has some elevated short interest for sure. That short interest may even be increasing. However the float on the stock is massive compared to GME. There are over 550 million available shares of BB, and the short interest is below 100%. While there may be some movement up based on shorts covering, GME is a once in a lifetime thing.