Anyone ride Game stop today?

Never heard of it

quote:

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Then bought a few more at 90 then got scared and dumped them at 80.

Have no idea why that stock jumped so high.

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This is why the SS will fail

I scanned and missed the other thread until I posted. I would have deleted if I could.


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To everyone who doesn’t understand GME and what’s happening. Right now, GME is the highest ever shorted stock in history. Every day that we see green, the squeeze goes on.


Today may scare a lot of you. We all saw GME shoot to 150 and back down to 75. This kind of range has never been seen before in a billion+$ company.
2 questions - why and how.


The how is easier to understand so let’s start there. Because of the short seller contracts that are currently in process cover a LARGE amount of shares from what would be the float. This means that there is less available shares for trading making the price of the stock extremely volatile. Usually when this happens to a stock a short squeeze will ensue OR the stock will just be driven to bankruptcy... which is what the frick heads at shitron and Melvin are trying to do.

With GME - we are seeing a literal historic level of support for GME. This causes the price to go up and the short sellers to have to pay out the difference of how much it’s going up directly to the people who are taking them up on their put contracts. The most known user for taking up these contracts is u/deepfrickingvalue. With the profits from these calls, our compatriots are buying more shares and contracts. This has the possibility to literally go on forever, or until the short sellers are broke and give up. In the past when this happened, the short sellers stopped because they don’t want to get squeezed out of all their money. In the case of GME, the short sellers do not think that WSB has the ability to continue what we started and they are posting more and more short contracts. This means the squeeze is still on.


I’ve touched a bit on the why... but just to be clear we are at fricking war. When you watch this stock you can literally picture the LOTR meme of a battle between already rich jackasses who want GME staff out of jobs and the Reddit buyers keeping the price above yesterday’s... every day.


Every day we see green, we are making our call contracts print us money directly from Melvin and shitron and our leaders making these calls ARE buying shares I promise you.
To participate: buy shares. Hold them until GME hits 1000 or even after that.
A squeeze of this magnitude can literally bankrupt Andrew Left. But we need to stay strong.


The short ratio compared to share float is still above 200%. This is fricking nuts, and if we stop our unified force now, they will make their money back and move on with life.
NOW, yes literally NOW. Today. Tomorrow. NOW. Is the time where we can hit them where it hurts. We need more buys after hours today, pre market tomorrow and every single fricking dip that comes up tomorrow.
We have the power right now and we will not loose it. Participate and be rich, or watch us patiently.

**copied from another group**

I bought a lot at the low amount and a small amount to watch it with the latter amount. I'm still up a good bit thanks to GME.

How the hell did you get in at 23 and not know why it popped today?