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re: How many Reddit posters are telling you to buy while they sell??
Posted on 1/28/21 at 11:56 am to 13SaintTiger
Posted on 1/28/21 at 11:56 am to 13SaintTiger
quote:
OP doesn’t know what he’s talking about. He can’t comprehend what started it and what’s going on
^
1
Posted on 1/28/21 at 11:59 am to rocket31
Since you seem to think you know what you are talking about please tell everybody when to sell.
How many longs will get the price you say to sell at? If you said sell right now and were someone reddit posters listened to how long would the price last? 10 seconds? 20?
How many longs will get the price you say to sell at? If you said sell right now and were someone reddit posters listened to how long would the price last? 10 seconds? 20?
Posted on 1/28/21 at 12:00 pm to JDGTiger
quote:
What if one of the large sellers simply went out of business.
If you think it’s that simple, why hasn’t it been done yet? It would be breaking news. These hedge funds hold the wallets of many. They aren’t going to simply choose to go out of business and deal with the second and third order effects, they are going to try and minimize loss.
They could’ve got out a long time ago but didn’t. And if they decide to simply go out of business, good. They deserve it for being greedy and pompous.
Posted on 1/28/21 at 12:01 pm to WDE24
quote:
what portion of that is after the recent run?
Could just be hedge funds shorting at the current price and returning the shares previously shorted. The short interest levels would remain flat.
Like a ponzi scheme.
Eventually, the price will drop back to normal levels and the latest shares shorted at these high prices will be returned when it's back at $20/share.
This post was edited on 1/28/21 at 12:06 pm
Posted on 1/28/21 at 12:02 pm to JDGTiger
quote:
There is nothing about the financials of this company that makes it a buy.
Someone in here was saying GME should announce a dividend.
Posted on 1/28/21 at 12:04 pm to 13SaintTiger
quote:
And if they decide to simply go out of business, good. They deserve it for being greedy and pompous.
Ok.
So they would not be in the market covering their shorts. You understand that, right?
Posted on 1/28/21 at 12:05 pm to JDGTiger
quote:
Since you seem to think you know what you are talking about please tell everybody when to sell.
How many longs will get the price you say to sell at? If you said sell right now and were someone reddit posters listened to how long would the price last? 10 seconds? 20?
This isn’t about knowing when to sell or buy. It is, maybe was, an opportunity for a unique short squeeze and if you were able to get in you knew that being able to hold and withstand the shorts would continue to drive the price up. No one is holding a gun to anyone’s head saying not sell.
Now we are past that. It amplified the class war and out of principle many people don’t care about the money anymore. This is a major event.
Posted on 1/28/21 at 12:06 pm to Lou Pai
quote:
There is nothing about the financials of this company that makes it a buy.
Someone in here was saying GME should announce a dividend.
That would be funny.
They should issue stock very quickly and pay any debt they have. (Another risk for longs)
Posted on 1/28/21 at 12:06 pm to JDGTiger
I'm just holding the stock to have a share to show my grandchildren someday
I don't know the end game for the rest of the dudes on reddit and I'm really not sure why you're worried about what other people do with their money?
I don't know the end game for the rest of the dudes on reddit and I'm really not sure why you're worried about what other people do with their money?
Posted on 1/28/21 at 12:07 pm to rocket31
quote:
I'm really not sure why you're worried about what other people do with their money?
He cares about the little guy.
Posted on 1/28/21 at 12:34 pm to JDGTiger
quote:
So they would not be in the market covering their shorts. You understand that, right?
The sellers don’t get to just decide to go out of business and walk away whole. They have to liquidate everything - all their other holdings - to pay back their shorted shares. If the amount they receive from liquidating all their other holdings will not cover the shorts, then they go bankrupt. But the remaining shorts must still be covered, so now the broker is on the hook. If the broker can’t cover them, SIPC kicks in.
Posted on 1/28/21 at 12:40 pm to JDGTiger
Posted on 1/28/21 at 12:46 pm to kage
The long game is there is no long game.
Step 1. BUY $GME
Step 2. Hold the line until..
Step 3. ???????
Step 4. Profit.
I feel dumb for jumping on Nokia. I bought some in the money calls for next month and they all bottomed out. They were each under 300 so they were cheap, but they lost 80% +. That's hiring me worse than GME.
I always believed in Nokia and when I saw it mentioned as a short I got it.
I'm also bad on BB$ too.
I'm of the opinion that $GME will close between 350-365 today.
Step 1. BUY $GME
Step 2. Hold the line until..
Step 3. ???????
Step 4. Profit.
I feel dumb for jumping on Nokia. I bought some in the money calls for next month and they all bottomed out. They were each under 300 so they were cheap, but they lost 80% +. That's hiring me worse than GME.
I always believed in Nokia and when I saw it mentioned as a short I got it.
I'm also bad on BB$ too.
I'm of the opinion that $GME will close between 350-365 today.
Posted on 1/28/21 at 12:48 pm to Lou Pai
Active know how much stock the cost of GME holds? I bet this will is great for him.
Posted on 1/28/21 at 12:55 pm to JDGTiger
Insiders have been selling, they'd be dumb not to.
Posted on 1/28/21 at 1:03 pm to kage
quote:There is profit to be had now if you bought on Monday. Sell now, or be greedy and risk getting burned.
a lot of regular joe's that get royally fricked in the process before they have a chance to sell and profit
Posted on 1/28/21 at 1:05 pm to Jake88
Anyone who thinks that tons of these people aren't selling and at least taking some profits (and just not admitting it in the forum) are fricking kidding themselves.
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