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re: So I bought some Gamestop(GME)
Posted on 1/23/21 at 8:41 pm to MrBobDobalina
Posted on 1/23/21 at 8:41 pm to MrBobDobalina
As a 46 year old who started getting into this mess this year, am I the only one that is trying to figure out WTF is going on here? I know I’m not the only one. 
I understand the gist of everything that happened, but I have no idea how this is gonna play out.
I understand the gist of everything that happened, but I have no idea how this is gonna play out.
1
Posted on 1/23/21 at 8:54 pm to JJJrich
quote:
Friday was the final squeeze.
How the frick you think? It ain't even started, when the final squeeze happens, all of you will know. This was nothing.
Posted on 1/23/21 at 8:54 pm to deaconjones35
Posted on 1/23/21 at 9:49 pm to thatguy777
anyone think this has another day or so of running up?
Posted on 1/23/21 at 9:51 pm to xxTIMMYxx
Dude this thing could run for a while longer. No reason to try and fight a sub with 1 mil followers
Posted on 1/23/21 at 10:17 pm to thatguy777
2 million now
Posted on 1/23/21 at 11:14 pm to JohnnyKilroy
quote:
Dude this thing could run for a while longer.
It very could, its hard to know with a short squeeze. I simply stated my opinion that I thought it ended Friday. I think it is hard to say that the squeeze has not even started given it has moved 284% in about a week and half. That is not all WSB buy volume.
FWIW, I do not think the data on the number of stocks short is updated very often.
Brokerages were margin calling shorts on Friday, and at some point GameStop will say this is enough and will do a stock offering giving the remaining shorts the liquidity they need.
Good luck to the people playing it this coming week, hope you make some money, but don't get caught bag-holding at the top, this will correct violently.
Posted on 1/24/21 at 12:16 am to JJJrich
I’m a spectator and have been involved with stocks for a long time. I think you may be on the wrong side of this one. Anyways this is something I won’t be involved with and just gonna enjoy watching. Long puts likely to get crushed from what I can tell
Like I said in one of these threads straddle is the way to go here, if playing options
Like I said in one of these threads straddle is the way to go here, if playing options
This post was edited on 1/24/21 at 12:19 am
Posted on 1/24/21 at 7:48 am to thatguy777
quote:Yes there is still plenty of room to run up, but it could happen very fast once we reach the top, though I think there will be more circuit breakers tripped on the way up to help slow it down some.
Dude this thing could run for a while longer. No reason to try and fight a sub with 1 mil followers
But the reason why it still has plenty of room to run up has nothing to do with reddit
:rotflmao: :rotflmao: :rotflmao: For some of you guys to be all about the technicals, you all sure are missing the boat on this one. The numbers don't lie, but shorts have to be given back to those they borrowed it from, and insane interest rates are applied daily for it. The brokers can do a margin call and force close their position and they will be forced to buy GME at current price or higher, whatever price it takes to get those shares back. There are so so many shorts that have to be replaced, but there isn't many shares of GME actually out there to replace them with. It has nothing to do with some sub on reddit. Yes there were people on reddit to connected the dots and saw this before many others, but reddit isn't why this is rocketing. Shorts are fricked.
This post was edited on 1/24/21 at 7:52 am
Posted on 1/24/21 at 8:38 am to KickPuncher
Actually that’s exactly why it’s rocketing. Lol. You just explained half, which we are well aware. For what you explained to happen, ppl need to be buying =wsb. Thanks for the intel lol
Posted on 1/24/21 at 9:10 am to KickPuncher
quote:
nothing to do with reddit
Posted on 1/24/21 at 9:11 am to thatguy777
for every transaction (especially long stock, long calls) there is a market maker on the other side with more information, more ammunition and better tools available than does the retail investor
Market makers describe the stock market as an exit strategy for institutional owners...retailers are the exit.
Friday was an excellent use of weaponized option buying.
They’ve had all weekend to figure out how to make money on GME because the KNOW what the retailers are going to do (continue to buy and hold).
GL to all but be bear aware
Market makers describe the stock market as an exit strategy for institutional owners...retailers are the exit.
Friday was an excellent use of weaponized option buying.
They’ve had all weekend to figure out how to make money on GME because the KNOW what the retailers are going to do (continue to buy and hold).
GL to all but be bear aware
Posted on 1/24/21 at 9:19 am to rocket31
WSB isn't why the price is going up. The squeeze is why it is going up and that is only just starting. WSB does bring more attention to it, but WSB has nothing to do with the short sellers shorting the frick out of GME to a 140% tune by end of DEC.
The squeeze was well in place before the past several weeks, which is when all this momentum has gained at WSB. But keep ignoring the technicals that you guys drool all over, and think it is going to the moon only because of WSB.
I see a lot of butt hurt over GME, but you still got time to get on. Quit hating that you missing out on a once in a lifetime type profits and get on. FYI, all the option calls for GME that expired end of day, all ended in the money on close FRI. ALL OF THEM. That never happens and this shite is just getting started.
The squeeze was well in place before the past several weeks, which is when all this momentum has gained at WSB. But keep ignoring the technicals that you guys drool all over, and think it is going to the moon only because of WSB.
I see a lot of butt hurt over GME, but you still got time to get on. Quit hating that you missing out on a once in a lifetime type profits and get on. FYI, all the option calls for GME that expired end of day, all ended in the money on close FRI. ALL OF THEM. That never happens and this shite is just getting started.
This post was edited on 1/24/21 at 9:36 am
Posted on 1/24/21 at 9:23 am to KickPuncher
I don’t think you understand. You can’t have a squeeze without ppl buying. Gamma squeeze bc everyone on Reddit was hammering long calls and buying the equity. And they aren’t stopping. When ppl are hammering calls(wsb) market makers buy back shares to hedge. You sound like a child
Posted on 1/24/21 at 9:34 am to cgrand
quote:
Friday was an excellent use of weaponized option buying.
They’ve had all weekend to figure out how to make money on GME because the KNOW what the retailers are going to do (continue to buy and hold).
This. This is why a straddle to me is the only play Monday. We don’t know what we don’t know. Now to be fair to the bulls, there are more and more people coming out and conceding that the shorts are indeed trapped. This thing pulling back on Monday is not a bad thing either. VW and other squeezes pulled back right before take off. One last thing to worry about if you are in it for the squeeze is that GME offering up stock would basically kill it. If you are in to hold for the long term this is not bad though because they need more capital to pull off anything Cohen has in mind.
All that being said my ‘guess’ is that it pops this week or next. All of my straddles will be leaning bullish. This thing will probably trade sideways and I’ll get crushed lol.
Posted on 1/24/21 at 9:34 am to KickPuncher
I do not see anyone hating right now. what is going on?
Posted on 1/24/21 at 9:35 am to thatguy777
quote:I understand greatly. But to think this squeeze is only because of WSB is stupid. The squeeze has been in place and only the past few weeks has it started. I've said WSB has brought about attention to it, but plenty of places were talking about the GME squeeze several weeks ago.
I don’t think you understand. You can’t have a squeeze without ppl buying. Gamma squeeze bc everyone on Reddit was hammering long calls and buying the equity. And they aren’t stopping. When ppl are hammering calls(wsb) market makers buy back shares to hedge. You sound like a child
Again at the end of DEC, the float shorted was 140%. Squeeze was always going to be in place, and from all the numbers it looks like the float shorted has increased since DEC. If WSB really had such a big affect over the brokers and big boy hedge funds, they wouldn't be doubling down on their shorts. Or are you really doubling down that WSB has more power than these large hedge funds, that they can control any stocks price?
Use your big boy brain. Posted on 1/24/21 at 9:52 am to KickPuncher
Ok man you got it, I’m done here lol
Posted on 1/24/21 at 10:08 am to thatguy777
Posted on 1/24/21 at 2:51 pm to KickPuncher
So should I buy or nah?
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